Narayanan urges centre to rein in deficit
President KR Narayanan expressed concern over the rising fiscal deficit. Calling for tight control on wasteful and low-priority expenditure, he said that determined efforts had to be made to mobilise resources, including adoption of cost-recovery policies.

Jagmohan trains guns on ex-bureaucrats on private rolls
Communications minister Jagmohan, after targeting private telecom operators, has now turned the heat on retired department officials who have joined private companies.

IFCI plans to tap shareholders for beefing up tier-I capital
Industrial Finance Corporation of India (IFCI) is planning a rights issue of equity shares. The proposal will be considered at the Board of Directors' meeting on February 26.

CORPORATE
Telco to hive off construction-equipment unit
Petrochemical sector pins hopes on import duty hike

ECONOMY
India seeks hike in crude import quantity from UAE
Where is the level playing ground?

EXPRESSIONS
Time to shed market pessimism
Listings this week

MARKETS
Investors log on to KPIT Systems,IPO oversubscribed 50 times
State Bank firms up millennium-banking strategy

LEISURE
C&C seen in red on property provision
RBI declines to accept ICICI preference shares as tier-I capital