Ten-year yield curve perks up to 11.38%, courtesy OMO
There is a turnaround in the money market with an uptick in the 10-year yield curve, which has inched up to 11.38% on Monday over the week from 11.30% on November 20.

Larsen & Toubro, SERI plan construction equipment bank
Construction equipment industry in the country will soon witness some major steps towards innovation, with a host of corporates in the sector planning to set up equipment banks for the use of small and medium-level contractors, who cannot afford to own them.

Glaxo sells off Livogen trademark to E-Merck
Glaxo (India) has entered into a memorandum of understanding (MoU) to sell all the rights, title and interest in the registered trademark Livogen to E.Merck (India) on Monday.


  Punjab National Bank to hold 15% in insurance JV
  Union Bank to tie up with corporates for retail loans
  Market Round Up
  Foreign banks may take over PSU banks -- Centre
  HDFC Bank, Cosmos Bank to offer co-branded ATM card
  GSPC-Niko dispute casts shadow on road-show organised by NEL
  Choose partners prudently -- Irda chief
  Insurers remain unsure
  The Secret of Star -- Turn a millionaire into a crorepati!
  Ambani speaks of reliance on knowledge
  Incoming WTO chief proposes development round of trade talks
  Though detrimental, govt plans to go slow
  Nuggets
  Minor Gujarat ports threat to Kandla port
  BSES violates agreement; Gridco in cover-up operation
  ONGC to pump in Rs 4,000 cr for exploration by March 2002
  ABB to invest in indian IT sector
  Swiss honeymoon bonanza from Bhilwaras
  Smadja lists out all that is wrong with Indian reform
  Decks cleared for setting up FRAs for weak banks
  FIIs withdraw Rs 141 crore from market last week
  Ghai insures Yaadein with United India for Rs 14 cr
  Executive briefing
  Banning second-hand car imports is not a long-term solution
  Open Sesami! The marketplace comes to your desktop
  It is much easier to do business with India now
  How a village IT project bagged the Stockholm award