Jagmohan gives in, meets Vajpayee half way
The department of telecommunciation has extended the deadline for payment of 20% licence fee by private telecom operators to February 28.

Court verdict may prompt banks to return excess interest tax to Centre
The banking industry is likely to be forced to deposit the excess interest tax charged from its corporate borrowers since October 1991 with the Reserve Bank of India in favour of the central government.

Poor response forces MTNL to scrap buyback
The Mahanagar Telephone Nigam has dropped its plan to buyback about three million shares. The MTNL board has unanimously decided to shelve the proposal in view of adverse feedback from investors and the fate of Videsh Sanchar Nigam's global depository reciept.

CORPORATE
TVS-Suzuki to make 4-stroke matorcycle at its Mysore plant
Microsoft, Adobe initiate steps to check software piracy

ECONOMY
Economic survey may pitch for subsidy slash
Select committee to vote on IRA Bill

EXPRESSIONS
Fertiliser price hike is not adequate
Target deficit finance; aim for surplus budget

MARKETS
Investors pour capital gains into MFs
Sensex dips below 3,300 as offloading continues

LEISURE
Swaminathan makes case for evergreen revolution to ensure sustainable supply
Delhi seafood fair to boost exports