India needs to check public sector deficit, says IMF
The International Monetary Fund (IMF) has asked India to take continuous action to rein in public sector deficit and implement wide-ranging structural reforms to restore the confidence of investors, contain the risk of macroeconomic instability and enhance growth prospects.

UTI hikes US-64 sale, repurchase prices to pep up investor morale
The Unit Trust of India (UTI) has raised the sale and repurchase prices of the units of its flagship scheme US-64 by 15 paise each for October in a bid to boost the confidence of its investors. From October 1, the sale price will be Rs 14.55, up from Rs 14.40 last month, and the repurchase price Rs 14.25 (Rs 14.10).

Bharti Telecom promoters plan counter-offer to Sterling bid
The promoters of Bharti Telecom are planning to come out with a counter-offer in response to the open offer made by the C Sivasankaran-led Sterling Infotech Ltd for acquiring 20% of Bharti Telecom at Rs 95 per share. The counter offer is also likely to be at the same price.

CORPORATE
RPG shortlists 3 banks to tie up overseas debt portion for Dholpur project
Atlas Copco initiates overhaul of its working, to prune staff strength

ECONOMY
SAARC strives for better ties with EU, Asean
Excess money supply may stoke inflation, says I-sec

EXPRESSIONS
US 64; time to come clean
Diluting sanctions

MARKETS
BSE signs pact with Maharashtra industrial body
Erosion in reserve shatters "balanced fund" myth

LEISURE
Wharton School workshops to come a-visiting
Art with a heart