SAIL turns to IDBI for capital revamp advice
The state-run Steel Authority of India (SAIL) has roped in term-development institution IDBI to work out a capital restructuring package. The steel major is also working on an organisational revamp in a bid to ride out the slowdown.

L&T team set to partner Cochin Refineries for Kerala power plan
A consortium of Larsen and Toubro (L&T) and CEA Ambalamugal Energy Co of Mauritius is set to join Cochin Refineries as venture partner to execute its 500 MW power plant in Kerala. The proposal is under the consideration of the Cabinet Committee on Economic Affairs for its approval.

IDBI to tie up with banks in bid to raise funds
Term-development institution Industrial Development Bank of India (IDBI) has decided to strike strategic alliances with "major" state-run banks to meet the challenge of raising resources in an increasingly competitive environment.

CORPORATE
ICICI Bank to upgrade services
Maharashtra road corporation offers to take over IL&FS project

ECONOMY
SAARC members sore over poor SAPTA progress
LPG supplies remain unaffected despite port damages in Gujarat

EXPRESSIONS
Teach unions lesson
Home-marketing holds the key

MARKETS
Export volumes in spices fall by 33%
Coffee outlook may continue to be gloomy

LEISURE
MTL makes a mark with vital HRD inputs
"Slogan contests are for real"