Cong vows to cut real interest rate to 3-5%
The Congress has promised to take specific measures to bring down real rates of interest to between 3% and 5% if voted to power.

State Bank lifts ban on loans to finance firms
The State Bank of India has lifted the internal ban on extending loans to non-banking finance companies.

Arvind Mills in talks for denim division stake sale
The Rs 1,000-crore Arvind Mills, flagship of the Lalbhai group, has reportedly kicked off talks with two French companies for selling a stake in its denim division at Naroda, Ahmedabad.

CORPORATE
ONGC may have to do rescue act, take up chunk of Nelp blocks
IDFC, Unit Trust eye Essar Oil's 10 per cent holding in Petronet

ECONOMY
Telecom operators accept court terms on revenue-sharing plan
Inflation rate declines to 1.19 per cent

EXPRESSIONS
Relevance of tax laws in a globalised scenario
`Concept of zero tax companies should go'

MARKETS
Comexes to join proposed commodity federation
Call rates may touch 9 per cent this week

LEISURE
Junior Horlicks goes bananas
Shell launches solar home lighting system