DoT may root for 25% revenue sharing
The department of telecommunications is likely to push for a 25% share under the proposed revenue-sharing scheme for private telecom operators which was cleared by the Union Cabinet on July 6.

BSES plans to sell part stake in joint ventures
BSES plans to partially divest its stake in its joint-venture projects on their commissioning. The proceeds generated will be used as equity for capacity expansion at the units.

Telco mulls Sumo's stripped-down version
In a bid to regain its losing grip on the utility-vehicles segment, Telco is planning to come out with a stripped-down version of the Sumo to take on economy models of rival Mahindra & Mahindra.

CORPORATE
Bhel bid specifications inadequate to meet NTPC needs, says ABB trade body
Finance ministry rejects Rashtriya Ispat bailout plan

ECONOMY
India, US to resume talks on auto policy
Panel set up to revive Kutch tidal project

EXPRESSIONS
Rupee derivatives -- Off to a shaky start
Deducting tax at source on the basis of employees' claims

MARKETS
More time needed for calmer oil futures, says Tocom official
Ford sells $8.6 bn in notes in global bond offering

LEISURE
Tuning into the right frequency for FM radio
McTrack advantage: Product recall in 3 hrs