Sebi eases IPO norms for infotech firms
The Securities and Exchange Board of India (Sebi) has relaxed the rules governing initial public offerings (IPOs) of infotech companies.

Oil import bill may soar to $9.8 bn
The oil import bill for India this year is expected to be 30% higher than last year's $7.5 billion and will certainly surpass the 1996-97 record, the highest pay-out for oil so far.

VSNL issue in Sept, MTNL mulls GDR, domestic floats
VSNL will reportedly hit the equity market with a retail domestic issue in the middle of September. Meanwhile, MTNL is proposing to launch simultaneous issues of global depository receipts (GDR) and domestic equity.

CORPORATE
Enron plans to acquire oil assets, eyes stake in state-run companies
SC rejects Dunlop plea to vacate stay on asset sale

ECONOMY
BJP-JD(U) reach seat-sharing pact, formal entry later
Cong calls NDA agenda `disastrous'

EXPRESSIONS
Government alone is not the culprit for FDI slump
The Index

MARKETS
High stock prices determine `A' group entry
HLL, pivotals drive Sensex up 62 points

LEISURE
Being too far ahead of the market can be hazardous to the company
Aditya Birla has left behind a model for generations to follow - Ratan Tata