IBM to buy out Tata stake in ventures
The Tatas and IBM are finally splitting. IBM, the world's largest infotech company which had forged two joint ventures with the Tata group, will buy out the latter at a price to be decided later.

Icra downgrades promoter IFCI ratings
Rating agency Icra on Wednesday downgraded the medium- and long-term ratings of its principal promoter Industrial Finance Corporation of India (IFCI) from LAAA and MAAA to LAA+ and MAA+.

Institutions plan revival package for textile sector
With the textile industry in deep trouble, financial institutions (FIs) have formed a joint committee to study the operations of companies in the man-made fibre industry before considering fresh financial bailout packages.

CORPORATE
Sundaram Fasteners to pick up 51% stake in Autolec
IOC to mop up another Rs 500 cr through bond float

ECONOMY
Centre may net Rs 2,000 cr from divestment -- GVR
MoST, finance ministry squabble may delay Jaipur-Kishangarh project

EXPRESSIONS
Curse of growing cross subsidisation on long-term growth
Global trade -- Rich hold out, but for how long?

MARKETS
NSE green signal for overseas terminals
Templeton MF to launch gilt fund

LEISURE
It's an entertaining thought -- Shopping Mall No. 1
Hang Ten and Pipeline -- Licensed to dress youth