Cabinet allows multipoly in basic, cellular
The Union Cabinet on Friday permitted entry of new cellular and fixed telephone providers on a revenue-sharing basis and a one-time entry fee.

JK Corp kicks off restructuring, sells polyester wing to Reliance
J K Corp on Friday announced a major restructuring exercise which involves the sale of its polyester business to Reliance Industries for Rs 156 crore and transfer of the 2 million tpa cement production capacity.

Bhagirath Merchant, 3 others elected to BSE governing board
Former president of Bombay Stock Exchange (BSE) Bhagirath Merchant was among the four elected to the governing board of the BSE on Friday.

CORPORATE
VSNL slashes Net access rates by 15%, dittos MTNL charges
Tisco unveils early separation scheme for unionised employees

ECONOMY
RBI threatens to cancel NBFC licences for Y2K non-compliance
Centre allows firms with 20% foreign equity to uplink

EXPRESSIONS
The bonus bogey sounds out once again in MRF
Shift focus to price, placement, promotion

MARKETS
SEBI officials term BSE allegations "blatant lie"
Forex reserves crosses $31 billion

LEISURE
Kuoni Travel opens Happi Holidays unit in Calcutta
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