IOC may ask I-Sec to evaluate centre stake in Lubrizol India
The Indian Oil Corporation (IOC) plans to make an independent valuation of the government's holding in Lubrizol India before buying it. The refining major is likely to zero in on I-Sec, the merchant-banking arm of ICICI, for this exercise, though SBI Caps is also being considered.

ICICI-IL&FS battle hits Baroda Rayon recast plan
Leading financial institutions (FIs) the Industrial Credit & Investment Corporation of India (ICICI) and Infrastructure Leasing & Financial Services (IL&FS) are locked in a bitter battle over the sale of a property of Baroda Rayon Corporation, upsetting the restructuring operations of the Gaekwad-owned company. The institutions' divergent claims have thrown a spanner on the sale of Baroda Rayon's office floor at Hoechst House, Mumbai to IL&FS.

DoT may net Rs 12 crore extra as annual auto-roaming fees
The department of telecommunications (DoT) is expected to rake in an additional Rs 10-12 crore per annum as revenues from cellular operators by way of auto-roaming charges. This follows the charges imposed by DoT on auto roaming after the department gave its approval to provide subscribers the service.

CORPORATE
Hindustan Lever temporarily shifts export base to Mumbai
SBI-GE Caps credit card venture awaits FIPB nod

ECONOMY
Trigger-point limit hiked for FIIs, NRIs, OCBs
Policy to keep steel plants "alive" on the anvil

EXPRESSIONS
Small is not beautiful
Free the rupee

MARKETS
NSE floats benchmark rates for call market
GE Capital to mop up Rs 25 cr via private placement of NCDs

LEISURE
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