Weill's spirit is willing, but 26% insurance cap is weak
The United States is liberalising its financial sector. You can do banking, insurance and other financial services under the umbrella of a single company now. And when Travelers merged with Citicorp, it was with the proviso that it could expand into insurance.

Nadar steps down as HCL Infosystems chief
Founder-Promoter Shiv Nadar on Friday stepped down as the chairman of Rs 950-crore HCL Infosystems, country's leading computer company, paving the way for Ajai Choudhry, president and CEO to take over.

Indian Oil ropes in PwC to reduce project costs
Indian Oil Company (IOC) has in collaboration with PriceWaterhouseCoopers (PwC) initiated a major exercise under its business process re-engineering (BPR) plan to drastically reduce the cost and execution time of the ongoing pipeline projects.


  Satyam, Infosys lead software recovery
  Belgium's ABX Logistics teams up with Clearship
  Briefing
  BIFR asks IDBI to do a check up on Onida Savak
  Bihar sugar mills win battle over market fee in state
  Feedback Malaysia to study Cambodian project
  French firms keen to invest in TN
  Pfizer offers $80 bn for Warner-Lambert
  Ramapuram Holiday Resorts mulls Rs 6 cr initial public offer