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Corporate Economy Expressions Markets Leisure Tuesday, March 17, 1998   JP Morgan to pull out of I-Sec The Industrial Credit and Investment Corporation of India (ICICI) and JP Morgan have decided to part ways. JP Morgan will pull out of term-lending bank's investment banking arm -- ICICI Securities and Finance Company Ltd (I-Sec) -- in which it holds a 39.64% stake. The decision was taken at a marathon six-hour meeting held at the ICICI headquarters in Mumbai.   RBI may allow banks to fund takeovers The Reserve Bank of India is planning to allow banks to fund takeovers. The central bank is also favourably inclined to permit badla-financing by banks and forward cover on foreign institutional investors' (FIIs) exposure in equity market. Raasi Cement denies picking up stake in Sri Vishnu Cement Raasi Cement Ltd (RCL) has denied that its group companies had picked up the holding of Sri Vishnu Cement (SVC), in a bid to distance the company from the takeover threat from the India Cements Ltd. Telecom reforms on BJP national agenda The national agenda of the BJP-led coalition at the centre has proposed a major shake-up in the telecom sector including repeal of the Indian Telegraph Act, 1885, strengthening the TRAI, converting the DoT into a company called India Telecom and discouraging foreign majority holding in telecom companies.   EC to consider EU stand on duties The European Commission (EC) will consider the position of the majority of European nations who have voted against imposing provisional anti-dumping duties on unbleached cotton from six developing countries including India, according to the deputy head, anti-dumping unit, EC, Brussels, Patrick Laurent. Tata Sons seeks FI nod to charge logo fee from group firms Tata Sons has sought the approval of the financial institutions to charge a subscription fee from group companies for using the "Tata" name and logo. The institutions have been approached on the matter given the fact that they happen to be major equity stakeholders in various Tata companies.   CORPORATE Britannia likely to unveil new cheese spread next month Telco signs pact with four auto-financiers ECONOMY Bank chiefs back unions' demand on reforms 1.6 bn still live in stark poverty EXPRESSIONS Good governance Another gamble MARKETS OTCEI gets new chief; revival package soon Percentage of FDI to actual approvals at low of 23.4% low LEISURE New-generation windows for all seasons Art buyers shouldn't become victims of gimmicks