Steep hike in petro goods rates
Oil companies have effected a steep hike in the prices of four key petro-products -- naphtha, low sulphur heavy stock, furnace oil and light diesel oil.

IOC, ONGC float panel to sew up joint ventures
Mounting pressure from investors has forced IOC and ONGC to form a six member panel which will finalise potential areas of cooperation in a month.

Reserve Bank kicks off debate on freeing savings deposit rates
The Reserve Bank of India has kicked off discussions on freeing the deposit rate on savings accounts.

CORPORATE
Indian Rayon settles for book-building for buyback
Bharat Forge plans acquisitions in Europe, US

ECONOMY
Project goods and machinery imports see sharp dip in Q1
Sidbi offers sops to Hanover Fair-bound SSIs

EXPRESSIONS
Venture capital funds - Financing the future
Income-tax and depreciation claims

MARKETS
Demat will dilute importance of GDRs -- NSDL chief
ROC rejects JSE's request on AGM

LEISURE
Pilot rival organises your life, then changes
India's first Kaizen Institute sets up shop