Crompton Greaves to be split into three firms
Crompton Greaves will be split into three separate entities -- one for power and industrial systems, the other for consumer products and the third for digital systems. The board has given its in-principle approval and the entire exercise will be completed in 12-15 months.

Indian Bank net worth may be wiped out
Indian Bank is set to steal the limelight once again. The Chennai-based public sector bank, which had created history in 1995-96 by posting a net loss of Rs 1,336.40 crore -- the highest-ever by any domestic bank -- is readying to declare a massive net loss in fiscal 1999.

BPL to merge 3 group firms with self
The Nambiars-promoted BPL group is likely to offer a marginal equity stake to Sanyo Corporation of Japan in the merged entity of BPL Sanyo Utilities and Appliances Ltd.

CORPORATE
Indian Rayon Q1 net crawls to Rs9.76 cr
US software firm plans to set up domestic arm

ECONOMY
Government plans measures to boost wind power projects
HC upholds former minister's election to Legislative Council

EXPRESSIONS
Portfolio managers wait for the next fall
Things are looking rosy now, but may change later

MARKETS
RBI unlikely to slash interest rate right now, feel bankers
Compulsory demat for issues below Rs 25 cr likely

LEISURE
Mango exports slated to hit all-time high at 60,000 tonnes, says CISH
High literacy rates will boost knowledge firms' fortunes