ICICI Bank shareholders okay merger with Bank of Madura
Shareholders of ICICI Bank Ltd, at their fifth EGM held in Baroda on Friday, have approved with the majority the scheme of amalgamation of ICICI Bank and BoM.

Insurance JV -- PNB to hold 15%, Hero Honda 59%
PNB is all set to make a foray into insurance sector, "both in life and general insurance."

D&B India Business Optimism index for Q1 dips
International rating agency Dun & Bradstreet's India Business Optimism Index for January-March 2001 has continued to decline, with all six parameters including net sales, net profits, selling prices, new orders, inventory levels and employees, recording steep drops.


  Six energy firms form association
  ISE defers decision on evening trade
  NPPA revises prices of 45 fomulation packs
  Nabard sanctions Rs 16,401 cr to state governments
  SBI plans 20 more ATMs in Kerala
  ICICI to extend its product range to rural areas, says Kamath
  Onus on RBI to develop debt market
  Sebi official calls for better payment system
  `Equities best suited for pension funds'
  IT dominance declines as old economy firms hold ground
  VSNL does a rethink on cellular venture
  Market Round-up
  Executive Briefing