Bayer, Zydus group part ways, jettison plan to set up venture
German multinational Bayer AG and the Ahmedabad-based Zydus group on Friday said they will "not pool their pharmaceuticals interest in India in the form of a joint venture".

Finance ministry to chalk out code for corporate governance
The finance ministry has taken the initiative to evolve a code of "desirable corporate governance". A formal set of conduct rules, some of which may have to be compulsorily adopted by corporates, are expected to be announced by the BJP-led Government.

Sebi plans to grill 34 brokers in fresh BPL rigging case
The Securities and Exchange Board of India plans to question 34 brokers in the price-rigging case in BPL shares during the period February to March 1999. This follows a probe by the Bombay Stock Exchange (BSE) into the same case in April.

CORPORATE
Elder Pharma, Italian firm to set up venture
Dena Bank sets Rs 8,200cr advances target in '99-2000

ECONOMY
Activists stress the need to save Uttarakhand hill
Spurt in revenue mopup points to a turnaround -- revenue secretary

EXPRESSIONS
A gilts fund is the safest investment option for investors
In the long run, Sensex looks poised for major victory

MARKETS
Rain drops bring joy to Assam tea growers
Low demand pushes down global crude

LEISURE
Corporates vie for piece of World Cup action
Import policy cripples local horse breeders