Packer strikes, floats $250m venture fund
Australian media tycoon Kerry Packer, stock broker Ketan V Parekh and Himachal Futuristic Communications (HFCL) chairman Vinay Maloo on Monday joined hands to unveil a $250-million venture capital fund.

Fertiliser ministry to seek nod to replace retention pricing scheme
The retention price scheme (RPS) for calculating compensation for urea units may be replaced with a long range average cost scheme.

MSEB floats tender to pick ally for captive mining plan
Maharashtra State Electricity Board (MSEB) has floated a global tender to select a joint development partner in the proposed joint venture to undertake captive mining of coal blocks in the Vidarbha region.


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  e-Briefing
  Centre to make terminalling charges must for refineries
  Ministry cuts aid to fund IA fleet purchase
  Exposition on jute begins in Madurai
  Shopping fest, exports boost Dubai gold sales
  Tirupur exporters body flays European agent over labour standard remarks
  Sinha to grace award meet in Mumbai
  DaimlerChrysler to pay $2.1 billion for 34% stake in Mitsubishi Motors
  Volkswagen buys stake in Scania for $1.62 billion
  Executive briefing
  Poor nations must have a say in succession rules, says Camdessus
  Euro benefits from Swiss franc strength vs dollar
  Indonesian bank sees $254m loss
  No remission of liability at intermediary stage
  SBI Caps scales down CEA, PSUspower addition projections
  Market round-up
  Ministry bullish on export rate target for 1999-2000
  Rlys weigh direct power from NTPC to save Rs 1,000 crore
  Negative growth in Bhel, HMT hitsperformance of 48 PSUs hard in Feb
  `Super status' to foreign firms not possible -- Maran
  Tariff committee slashes fire insurance premium
  ICICI Bank keeps Rs 13.5cr for fresh NPA provision