Appellate authority strikes down Sebi's order on Sterlite-Templeton shares row
The appellate authority in the finance ministry has struck down the Sebi order which had directed Sterlite Industries to accept the shares lodged by Templeton under the open offer for Indal.

IDBI net crawls up to Rs 705 crore; IFCI profit plunges to Rs 68 crore
Industrial Development Bank of India (IDBI) and Industrial Finance Corporation of India (IFCI) announced dismal first-half results on Thursday. IDBI's net inched up to Rs 705 crore in April-September 1998 from Rs 689 crore in the same period of the previous fiscal.

Customs duty on mega power projects' capital goods import may be scrapped
The power ministry has finalised a cabinet note proposing abolition of 22 per cent customs duty on import of capital goods for coal, LNG and hydel projects.

CORPORATE
L&T revives alumina project talks, may cede majority stake to Pechiney
Stroh enters pacts to make bottled beers in India

ECONOMY
Trai chief for enactment of Cyber laws
Centre to set up separate agency under GIC for crop insurance

EXPRESSIONS
No easy rescue
Debt recovery tribunals need a leg-up

MARKETS
Cotton futures trading put off
Reserve Bank allows private, foreign primary dealers into gilts market

LEISURE
Azhar, Raveena may endorse Baume & Mercier watches
L'Oreal to unveil Maybelline range next week