SEBI to lift short-sales ban from July 6
The Securities & Exchange Board of India (Sebi) has finally decided to lift the ban imposed on short-sales from July 6. A decision to this effect was taken at a meeting held on Thursday.

ICICI strikes maiden overseas buyback deal
The Industrial Credit and Investment Corporation of India (ICICI) has struck the first buy-back deal by buying back some of its overseas-listed bonds. Investment bankers to the term-lending institution bought back ICICI bonds worth around $2.5 million in several small deals from US investors. Negotiations are on with several other US investors for similar buy-back deals.

Finance ministry clears $500 mn ECBs
The high-level committee (HLC) on external commercial borrowings (ECBs) in the Union finance ministry has cleared private sector applications worth over $500 million and kicked off a review of the guidelines governing such borrowings.

CORPORATE
Central Bank net profit rises 16% to Rs 175 crore
Tata Teleservices, APSEB set to tie up for optical-fibre communication link

ECONOMY
Auto-roaming services may prop DoT revenue
Gain-sharing pact sees staff take home fat pay cheques

EXPRESSIONS
Back the capital creators not guzzlers
Uncle Sam's hegemony on wane

MARKETS
CLSA kicks off local operations
SEBI serves notices on 4 plantation companies

LEISURE
Make Consumer Protection Act more comprehensive and enforceable
Patient-friendly paediatricians equip clinics with toy rooms