Cabinet clears eight PSUs for divestment
The Cabinet committee on disinvestment cleared the sale of equity in eight public-sector companies for raising Rs 10,000 crore during the current financial year.

TEC-Total LNG project's phase one costs pegged at Rs 2,530 cr
The project cost of the Tata Electric Companies (TEC) and the France-based Total SA-promoted liquified natural gas (LNG) project, has been pegged at Rs 2,530 crore for the first phase.

Revenue-sharing in telecom okayed
The Union cabinet heralded a new era in the telecom sector by allowing migration of existing private telecom operators to revenue sharing from the licence-fee regime with effect from August 1.

CORPORATE
Karnataka high court approves Strides bid to merge group firms
MTNL slashes Internet tariffs by 15%, unveils 30-,50-hour slabs

ECONOMY
12 state finance corporations to seek fresh capital infusion
NMDC to install India's first Romelt plant

EXPRESSIONS
IMF's economic agenda for Indonesian government
Capital gains on distribution of properties

MARKETS
Kothari Pioneer to pay 35% in Bluechip fund
Markets await decisive signals from Kargil as Sensex hits 22-month high

LEISURE
Global auto firms to stay away from Delhi show
Entrepreneurs from Asia help reshape Silicon Valley