Union cabinet clears Fema, money-laundering bills
The Centre on Friday paved the way for liberalisation of foreign-exchange regulation norms and to prevent laundering of black money abroad with the cabinet clearing two bills for introduction in the current session of parliament.

Tatas' decision not final, says Patel
The Tatas have decided to take a fresh look at the economic viability of the Devanahalli airport project, according to Karnataka chief minister JH Patel. The project has been mired in controversy after the Tata-Raytheon combine decided to pull out of it.

Stick to export targets or face music, Hegde tells auto firms
The Centre on Friday warned automobile firms with foreign participation that import licences for auto components would be withdrawn if they failed to meet their export obligations.

CORPORATE
ICICI aims to widen its retail-resources network
ICAR signs MoU with UK-based agricultural research bureau

ECONOMY
Obuchi is Japan's new prime minister
Exim Bank keen to denominate export contracts in rupee terms

EXPRESSIONS
If you cannot beat FIIs, join them
For mutual fund managers, cash is king

MARKETS
Delhi HC issues notices to SEBI, finance secretary on plantation cos
RBI to renew share-purchase permission to NRIs via banks

LEISURE
Now, NIIT to teach mothers the basics of computers
Little evidence to indict ubiquitous mobile