Centre permits 3 weak banks to revise wages
The Centre is understood to have given the green signal to three weak banks -- Indian Bank, UCO Bank, and United Bank of India (UBI) -- to individually decide on wage revision for their employees, with no compulsions to follow the recently concluded industry-wide accord.

IRDA unveils new solvency margins
The Insurance Regulatory and Development Authority (IRDA), in its new regulations on solvency margins, assets and liabilities, and deposits for insurers, has asked life insurance companies to deposit a sum equivalent to 1% of the gross premium written in the country after March 31, 2000.

No kid stuff this -- Drug firms find paediatric products too tempting
Generation Next has never had it so good. From fortified ice-creams to iron-packed biscuits, to drugs to check attention deficit disorder (in a more palatable form), India Inc is doing its best to keep Young India healthy.


  EPZs told to come under SEZ's ambit
  Executive Briefing
  Panel on service tax broadbasing this week
  IBRD loan for NHDP this month -- Singh
  Call rates to hover around 7 per cent
  UTI Bank chalks out e-commerce strategy
  Centre to ask IMF to rectify imbalance in quota formula