IDBI puts on hold its move to offer fresh funds to Essar Oil
Industrial Development Bank of India (IDBI) has deferred taking a final decision on providing funds up to Rs 350 crore for Essar Oil's 10.5-million-tonne Vadinar refinery project.

Sundaram Finance net dips 18.5 per cent to Rs 51.58 cr
Sundaram Finance Ltd (SFL) has shown a sharp decline in net profit of 18.5 per cent to Rs 51.58 crore in the financial year ended March 2000 against Rs 63.31 crore posted in previous year.

India, Britain to sign newdeals in power generation
Power minister PR Kumaramangalam has said here that a memorandum of understanding (MoU) between India and Britain will soon be signed for joint efforts in power generation.


  Executive briefing
  US treasuries cut losses as Fed Reserve leaves rates unchanged
  Japan investors worried over China firm's default
  Fed move leaves dollar weak against yen
  Plan to counter US campaign against leather exports
  Market round-up
  IFC clears loanguarantees to twoOrissa power cos
  MSDC to discuss Port Act changes on Sunday
  LIC will accord priority to retaining agents -- Kohli
  Phdcci for measures to retain competitive edge of industry
  Briefing
  Joint group set up on Agartala-Dhaka bus route
  Valuers seek law to regulate profession
  Naik wins half the battle for strategic status for 6 oil PSUs
  CPT optimistic of achieving36mt cargo handling target
  Dumping duty on bisphenol-A exported by US co to continue
  Centre approves 29 new housing finance firms to speed up projects
  Uco Bank back in the black after 11 years, posts Rs 37cr net profit