Cabinet clears 40% foreign holding in insurance plans, to alter Patents Act
The centre on Monday decided to cap foreign holding in local insurance ventures at 40%. According to the terms of the proposal, foreign insurance companies will be allowed to pick up a 26% stake while foreign institutional investors will be free to take an additional 14%.

Part Indian Oil selloff in local market: Minister
Union minister for petroleum and natural gas Vazhapadhy K Ramamurthy said on Monday that the centre intended to sell "some portion" of the 10 per cent disinvestment planned in Indian Oil Corporation in the domestic market.

Sterlite Industries downs shutter at Tuticorin on Chennai court order
A green bench of the Chennai high court on Monday ordered Sterlite Industries (India) to immediately shut down its copper-smelter plant at Tuticorin.

CORPORATE
Shareholders clear Henkel Spic plan to up share capital
Petronet offers to supply LNG to RPG Dholpur plan

ECONOMY
Power producers peeved over duty sops for mega projects
Centre borrowing will surpass target by Rs 10,000 crore: Analysts

EXPRESSIONS
Buyback motive is not market revival
Sops will hit FIs

MARKETS
Risk outlook on plantation companies high, says Crisil
Mayya panel defers decision on uniform settlement cycle

LEISURE
Stanchart launches instalment plan for credit cards
Colgate ad misleading, rules panel