DoT, MoF agree on 15% interim revenue share
The department of telecommunications (DoT), finance ministry and financial institutions (FIs) have agreed at fixing an interim revenue share of 15 per cent of annual gross revenue.

Cabinet dubs 1,000 mw thermal and 500 mw hydel units as mega projects
The Union cabinet has decided that all the inter-state thermal power projects over 1,000 mw and hydel power projects over 500 mw would be recognised as mega projects and would qualify for various concessions and incentives announced in the budget.

AI board drops MCLR deal, opts for small-capacity aircraft for expansion
The Air India (AI) board has dropped the ambitious $3-billion medium capacity long range (MCLR) aircraft deal and has shortlisted the Boeing 767 and the Airbus A 330 for expansion of its fleet.

CORPORATE
BIFR to hear ABCL case on July 9
SAIL works on action plan to retrench staff

ECONOMY
Satellite TV broadcasters make merry as KU-band transponder prices slump
Gas prices set to touch all-time high

EXPRESSIONS
Political consensus is need of the hour
Communication between banks will boost E-trade

MARKETS
VSNL issue likely to be in paperless mode
HLL appears positive although a correction cannot be ruled out

LEISURE
Will the PC become simple & reliable by shedding its evolutionary baggage?
The Jack Welch way -- Raises and praise or out the door