IDBI, ICICI and IFCI cut lending rates
Over a fortnight after the Reserve Bank of India's announcement of a bank rate, repo rate and CRR cuts, three financial institutions on Wednesday slashed their lending rates.

Local drug firms may swallow Nasdaq pill
Nasdaq listing fever appears to have gripped parts of India Inc and drug firms may possibly be the most equipped to offer a medium-term cure -- another listing -- for this ailment.

Raasi's BV Raju rules out truce with India Cements' Srinivas
A long-drawn legal battle appears inevitable in l'affaire Vishnu with the Raju family head BV Raju ruling out any possibility of a rapprochement with arch rival N Srinivasan of Indian Cements.

CORPORATE
HSBC upgrades `Hexagon' to real-time transaction mode
Goldman Sachs public offer at $40-50 range

ECONOMY
Rs 529-cr deficit in TN budget
AEPC for allowing 5 or more exporters to form co

EXPRESSIONS
Strategising against harmonised destruction of food system
Budgetory heat on pharma industry

MARKETS
Sensex closes below 3,700-mark on profit booking
Alliance Capital Tax Relief '96 to go open-ended; repurchase in April

LEISURE
Diet Coke promotion reaches out to book readers
Amusing fancied for Singhania Trophy