Grasim-Indian Rayon demerger deal share entitlement pegged at 3:10
The boards of Grasim Industries and Indian Rayon on Monday approved the share entitlement ratio for the transfer of Indian Rayon's cement business to Grasim, under which shareholders/GDR holders of Indian Rayon will be issued three shares/GDRs of Grasim for every 10 shares held.

Central India Coal project cleared with condition
The Union defence ministry has approved the Central India Coal Company's (Cicco) mining project, provided it is carried out three kilometers away from the boundary of the ordnance factory at Chanda. The project had run into rough weather as it was argued that the coal mine was situated near the ordnance factory.

IOC in talks with global majors for E&P ventures
Indian Oil Corporation (IOC) has kicked off discussions with several international majors for possible tie-ups in exploration and production activities, both in India and abroad.

CORPORATE
Piaggio plea on LML case rejected
Telco signs pact with union, to pay lower bonus

ECONOMY
World Bank set to review IT projects: Naidu
Third-party motor premium increase may be reviewed

EXPRESSIONS
Troublesome deficit
Bank of Madura not quite rosy

MARKETS
RBI issues norms for hedging on commodity exchanges
Rs 3,000 cr two-year paper devolves on primary dealers

LEISURE
Pepsi targets teenagers with "cool" offer
There are no one-day matches in business, says Dilip Doshi