Reliance likely to accept Unit Trust nominee on board
The Reliance group has informed the Unit Trust of India (UTI) that it is open to giving the latter a board seat if it so desires. UTI will now take a view on whether it would like to place its nominee on the board or not.

Ministry rules out Maruti selloff this fiscal
The industry ministry is not in favour of the Government divesting its stake in Maruti Uydog during the fiscal, in view of what it considers the "depressed" value of the company's shares.

Swisscom faces probe for writing off losses on India, Malaysia holdings
Swisscom, which recently pulled out of India and Malaysia, is facing a Swiss government probe into its $490 million loss written off by the Swiss Telecom major in 1998 stemming from its foreign holdings in the two countries.

CORPORATE
Videocon catches World Cup fever, to unveil 22 products
MTNL reports 25% fall in telephone demand in capital

ECONOMY
Pharma stocks caught in the political melee as doubts surface
Malaysia worried over declining palm oil sales

EXPRESSIONS
Threat of elections not discounted at all
Firms must take interest in security issues

MARKETS
Sensex crashes 107 points on panic selling
Foreign funds fuel Asian stock market rally

LEISURE
Excite partners with Hollywood to launch child-care website
Duopolies lord over key Mexican markets