GIC, subsidiaries set sights on healthcare, to float new firm
General Insurance Corporation and its four subsidiaries are set to enter the Rs 1,000-crore domestic-managed healthcare market by floating a new company.

ANZ Investment bank seals $165m loan deal for Enron's LNG carrier
ANZ Investment Bank on Thursday said that financing of 10-year $165 million loan for a LNG carrier majority owned by Mitsui OSK Lines, has been completed.

SBI to up core sector term-loan exposure to 30%
SBI in a strategic move to boost infrastructure lending, has decided to lift the internal cap on the bank's exposure to term lendings from 25% of the total advance portfolio to 30%.

CORPORATE
Philips moves back into black, posts Rs 12-cr net
KIOCL seeks further ST exemption on earnings from new projects

ECONOMY
Sinha likely to slash excise duty on cement
PIL admission hearing on Bhadravati power project postponed

EXPRESSIONS
Why should a "shell firm" quote at over Rs 400 a piece?
Speculators fortunes hinge on Sinha's act

MARKETS
Sebi likely to relax capital market entry norm
Sensex dips 47 points as swadeshi brigade knocks down MNC stocks

LEISURE
IIP plans nationwide seminars for edible oil
Poonawalla breeders million promises rich fare