Panel for R&D in patented molecules
In a bid to boost research in the pharmaceutical sector, a high-level Government-sponsored committee has been presented with a host of recommendations.

Maruti, Sumitomo float service network JV
In a bid to strengthen its existing service and support network, automobile major Maruti Udyog has floated a three-way joint venture company in collaboration with Sumitomo Corporation of Japan and Maruti Countrywide.

SBI shuts down Tashkent, Harare offices
The State Bank of India has kicked off restructuring of its overseas operations by closing down unviable branches and representative offices.

CORPORATE
Petronas turns down Tidco demand to extend deposit money validity
Peugeot licenses TUD5 engine to Premier Auto

ECONOMY
Mining sector needs determined efforts to overcome hurdles -- FIMI
Role of private sector should not be over-estimated -- Manmohan

EXPRESSIONS
Indian Railways needs a political locomotive
UK-dependent tax havens likely to experience drastic changes

MARKETS
UGS-10000 raises exposure to engineering stocks
Bonus rumours, growth plans propel Dr Reddy's

LEISURE
Globus -- Caring more than a fig at the new store
Bridging the virtual and physical world