Centre crops urea, food subsidy by Rs 5000 crore
The Union cabinet on Thursday decided to increase the PDS prices of wheat, rice and sugar as well as the farmgate price of urea. The move is expected to trim the runaway subsidy bill by Rs 5,000 crore.

MTNL to kick off Internet price war, undercut VSNL by 30%
Mahanagar Telephone Nigam Ltd has decided to undercut Videsh Sanchar Nigam Ltd's Internet tariff by as much as 30%. The move could trigger a major price war between the two government-controlled telecom giants.

Tata Asset Management Company kicks off ELSS open-ended option
Tata Asset Management has converted its tax planner, Tata Tax Saving Fund '96, to an open-end plan. In the process, the AMC has become the first in the country to sell fresh units of its tax planner on a continuous basis.

CORPORATE
Indo Gulf third-quarter net inches up to Rs 46.5 cr
Jenson & Nicholson managing director Subberwal quits

ECONOMY
Economists foresee yuan devaluation within two years
Only 30% possess Net connection at premises: IMRB

EXPRESSIONS
Delhi must re-think export strategy
Tata Tea rebounds

MARKETS
FII investments surge to Rs 500-crore in January
Punters turn cautious, hurry to liquidate software holdings

LEISURE
DTH may bring with it a direct war of technology
DD's survival hinges on slick development programmes