Arrest warrants against Bajoria stayed: A Delhi court, which had issued non-bailable arrest warrants against Arun Kumar Bajoria in connection with a Fera inquiry, on Saturday stayed its operation following a Calcutta court further extending the date of his surrender.

No govt plan to dilute stake in Maruti: The government hasno proposal to dilute its stake in Maruti Udyog Ltd, industry ministry officials said on Saturday. Discounting news reports that the government was considering a proposal to sell half of its 50 per cent stake in the car venture, officials said that the industry ministry had not mooted any such proposal.

Nod for 34 FDI proposals for mining: The Centre has given its nod for 34 foreign investment proposals for exploration and mining, of which 11 approvals were granted within the last fortnight. Among the 34 licences issued for prospecting for minerals across 49,000 sq km of area, 14 are from Australia, 13 from UK, six from Canadian companies and only one from the US.

United Bank revises rates: United Bank of India has revised the interest rates on domestic term deposits with effect from May 18. The revised interest rate on domestic term deposits for a period of 180 days-one year will be 9.50 per cent while it will be 10.50 per cent for one-two years.UTI Bond Fund: Unit Trust of Indiahas launched a 100 per cent debt scheme, UTI Bond Fund, which will invest entirely in debt and money market instruments. The open-ended scheme will plough back income and capital appreciation, which will be reflected through a growth in NAV.

Hegde to lead team to WTO meet: Commerce minister Ramakrishna Hegde will lead a delegation to the three-day second ministerial conference of the WTO, scheduled to be held in Geneva from May 18. The inter-ministerial delegation will include special secretary NN Khanna and other senior officials of the commerce ministry, an official release stated.

STC to procure natural rubber: The State Trading Corporation will procure 20,000 tonnes of natural rubber in the next two months to help stabilise declining prices of the commodity. "The purchase will be at prevailing market prices not exceeding Rs 34 a kg," an official release said on Saturday.

Gold, silver down: Both the precious metals reacted on the bullion market on heavy stockists offerings.Silver ready .999 fineness dropped to Rs 8,050 from Rs 8,120. Raw silver .916 fineness slumped to Rs 7,940 from Rs 8,000. Standard gold declined to Rs 4,150 from Rs 4,200. 22-carat gold was nominally quoted lower at Rs 3,840 from Rs 3,885.

Suharto to reshuffle cabinet soon: Indonesian president Suharto, beset by protests against his long rule and riots, plans to reshuffle his cabinet soon, parliamentary speaker Harmoko said on Saturday. "In carrying out the heavy task of national development, a strong cabinet is needed and because of that the president will soon reshuffle the cabinet," he told reporters after meeting Suharto at his residence.

US ban on child labour goods: The United States senate has passed an amendment barring entry of goods made from forced child labour into the country on Saturday.

Saudi Aramco, Shell plan investment: International majors Saudi Aramco and Shell have proposed to create a partnership triangle with the Indian government to invest in India'sintegrated downstream oil sector, Shell Transport and Trading chairman and Royal Dutch/Shell group of companies MD Mark Moody Stuart on Saturday.