Draft moots entry fee for MTNL cellular plan
The new draft telecom policy proposes to impose a one-time entry fee on Department of Telecom/Mahanagar Telephone Nigam if they intend to become the third operator in a cellular circle.

GIC ready to sell 10.95% ITC stake to BAT
General Insurance Corporation is ready to part with its 10.95 per cent stake in tobacco major ITC in favour of parent company BAT Industries of UK, notwithstanding the dilly-dallying attitude of the Centre on the issue.

Mobil, Petronas vie for stake in Indian Oil Tamil Nadu refinery
Mobil of the US, Marubeni of Japan and Petronas of Malaysia are in the running to pick up a 26 per cent stake in the 9-million-tonne refinery planned by Indian Oil Corporation in Nagapattinam, Tamil Nadu.

CORPORATE
Vorin Labs makes open offer for 20 per cent in Fine Drugs
New Ford model will not resemble Fiesta: Official

ECONOMY
Wireless advisor seeks proper norms before DTH
Centre likely to raise retirement age of Reserve Bank deputy governors

EXPRESSIONS
Y2K compliance
Deflationary boom

MARKETS
Kotak Securities eyes Bollywood stars deep pockets, lines up portfolio scheme
Warehouse receipts to become tradable

LEISURE
Abby's Contract with faith
Grocers in the US see green in produce aisles