Finance ministry wants MRL, CRL sold to highest bidder
The finance ministry has rejected a proposal by the petroleum ministry suggesting a merger of Madras Refineries (MRL) and Cochin Refineries (CRL) with Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPCL).

State Bank to offer Rs 5,917-crore assistance to IPPs
The State Bank of India has committed Rs 5,917 crore to independent power producers (IPPs), indicating that working-capital loans no longer remain the "bread and butter" business for the largest commercial bank.

FIPB may revise stand on foreign firms' subsidiaries
The core group of the Foreign Investment Promotion Board will take up afresh the issue of permitting foreign companies, having non-exclusive technical collaborations with Indian firms, to set up wholly-owned subsidiaries without the consent of the local partner.

CORPORATE
Sony, LG go flat out to grab bigger slice of top-end colour TV market
Hindustan Organics to pump in Rs 229 crore

ECONOMY
Share of domestic vessels in Transchart shipments rises
ILFSC suggests majority stake for partner in power distribution

EXPRESSIONS
Canalways -- Best bet to reduce pollution
Realty investments in metros are smarter risk

MARKETS
Corporates put on hold debt plans as markets turn edgy
Edible oil imports shoot 300% in first half

LEISURE
Downloading music may soon become a whole lot easier
Zee's metamorphosis -- Will it tune in the viewers?