Export credit rate cut to 9%, EOUs' tax holiday extended
The centre has announced a special package for revival of exports in a bid to prop up flagging exports. The package includes lowering of interest rate on export credit from 11% to 9%, legal undertaking in lieu of bank guarantee for manufacturer-exporters and simplification of procedures.

Mandatory dual-rating mooted for issues above Rs 50 crore
The SEBI-appointed committee set up to frame regulations for credit-rating agencies has made it mandatory for companies to seek dual rating for issues of size above Rs 50 crore.

Daewoo's plea for fresh import licence spiked
The directorate general of foreign trade (DGFT) has rejected Daewoo Motors India's application for a fresh import licence. Daewoo's application to re-validate the existing import licence was also turned down some time back.

CORPORATE
German Remedies plans to invest Rs 50 cr in corporate entities
Duncans to pay 35%, eyes more gardens

ECONOMY
US initiates dumping investigations against mushroom exports
RBI bars domestic banks from lending to NRIs for Resurgent Bond subscription

EXPRESSIONS
Institutions gain a "hedge" over others
A pragmatic step

MARKETS
Icra asigns LAAA rating to TEC bond programme
State Bank of Mysore to reduce face value before tapping market

LEISURE
Sun, IBM to jointly roll out Java software
Pepsi loses its cool as Coke turns on the heat