VST board shows Malcolm Fry door, anoints Noronha
In a move that caught everybody by surprise, the VST board announced on Wednesday the exit of managing director Malcolm Fry, paving the way for Rayomond S Noronha, who was looking after the BAT operations in Mauritius till recently.

DCA move to shuffle inspection directors draws protest murmur
The Department of Company Affairs (DCA) under the ministry of law, justice and company affairs has, in an unexpected move transferred two regional directors and two directors of inspection and investigation (DII) on Monday.

SEBI asks Sterlite Industries to pay up for Indal shares
The Securities and Exchange Board of India (SEBI) has directed Sterlite Industries to accept the shares of Indal furnished to the company under its aborted takeover bid on the aluminium major.

CORPORATE
DoT signs licence agreement with Iridium
Berger Paints mulls merger with Rajdoot

ECONOMY
Officers' confederation calls off mass leave plan
Public sector units may not be able to buy back their shares after all

EXPRESSIONS
Bleak outlook
Back to gold now

MARKETS
Essar Power scraps Rs 90 cr debentures plan
Nuclear Power Corporation bond issue oversubscribed

LEISURE
Singapore to wed E-commerce, logistics
Witch-hunt against Rupert Murdoch gathers momentum