Sebi set to pronounce verdict on Raju offer for Vishnu Cements
The Securities and Exchange Board of India (Sebi) will pronounce its order on whether or not BV Raju can go ahead with his open offer for acquiring another 20% in Shree Vishnu Cements by September 7. Sources, however, pointout that the current open offer by Raju may be allowed to go through as it may not be legally tenable to debar an entity from making an open offer which by itself appears legally correct.

Air-India sets ball rolling for Hotel Corp divestment
Air-India has kick-started its plans to divest stake in its wholly-owned subsidiary, Hotel Corporation of India (HCI). The airline is set to issue global tenders inviting bids from consultancy firms, investment bankers and financial institutions to serve as an advisor and examine divestment options for, or privatisation of, the arm. The bids are to be submitted by September 20.

PNB Mutual Fund to launch liquid fund after 2-year gap
PNB Mutual Fund is launching a new scheme after a gap of two years. The asset management company has submitted the offer document for an open-end debt scheme to the Securities and Exchange Board of India and expect to receive clearance from the regulatory authority in a week's time.

CORPORATE
SAIL adopts standardisation to cut costs
Air-India sets ball rolling for Hotel Corp divestment

ECONOMY
Rubberisation of roads mooted to shore up prices
Exim Bank, PTA Bank of South Africa sign pacts

EXPRESSIONS
Canara Bank caught in a bind
Squaring a circle

MARKETS
Import of oilseeds unlikely to ease prices
Sebi set to pronounce verdict on Raju offer for Vishnu Cements

LEISURE
Singapore launches electronic traffic toll system
Brazil aims to beat pollution with new fuel mix