Core outlay pegged at Rs 85,000 crore
The expert team set up by the Centre to prepare a report on "India Hydrocarbon Vision 2020" has estimated an investment of around Rs 85,000 crore in creating infrastructure for ports, product tankage and pipelines.

Kelkar bows to Jalan, says no rate for now
The Reserve Bank of India (RBI) got its way with finance secretary Vijay Kelkar agreeing to the central bank's view that interest rates cannot be cut further."Large Government borrowings are hampering the ability of the monetary authority to cut interest rates," Kelkar

Voltas threatens closure, wants union to accept recast plan
Tata group company Voltas has threatened to close shop if its employees refuse to accept the management's proposed cost-cutting and restructuring drive. The recast plan includes a voluntary-retirement scheme (VRS) to retrench over 1,000 employees of the 6000-strong work force.

CORPORATE
Andhra Bank registers 32 % growth in deposits
Morepen Laboratories sales spurt 35% to Rs 250 crore

ECONOMY
ICC to lay stress on second generation reforms
Stracom takes Prasar Bharati to court

EXPRESSIONS
Y2K -- Firms must focus on compliance of critical operations
`Wealth-creation is the key to a good discounting'

MARKETS
KPMF growth funds continueto outperform stock market
Restructuring pays good dividend for Morepen Labs

LEISURE
Computers may be hit by `string-of-nines' problem today
...While Gilbey's unfurls World Cup banner