Ministry to toe GVR line on disinvestment
The finance ministry has agreed to the disinvestment commission's suggested mechanism of state-run units' divestment through transfer of shares to a national shareholding trust as an alternative to the special-purpose vehicle idea.

Reserve Bank tightens FDI receipt norms
The Reserve Bank of India has made it mandatory for Indian companies to report receipt of foreign remittances under foreign direct investment (FDI) within 30 days of the receipt of funds. The change has been made in order to facilitate better monitoring and compilation of FDI data.

Standing panel spots power plans for private firms
The high-powered standing independent group (SIG) along with the ministry of power has initiated the exercise of identifying the first batch of mega power projects to be offered to the private sector.

CORPORATE
Nestle SA to pick 60% stake in Excelsia Food
IBP seeks OCC dues as funding options dry up

ECONOMY
States try to outsmart each other in attracting NRI funds
Global tenders for five new airports soon: Kumar

EXPRESSIONS
Bright prospects
Perfunctory plan

MARKETS
SEBI seeks banks investment, credit wings segregation
SEBI to nudge exchanges towards uniform settlement

LEISURE
Consultants beware, Big Brother is watching
EU may spend Rs 100 crore on cultural exchanges