Centre to raise infotech firms' foreign takeover investment ceiling to $500m
Domestic information tehnology companies are likely to be given freedom for direct investment up to $500 million or 25% of their market capitalisation, whichever is lower, to fund acquisitions abroad.

CII charts out 10-point agenda to boost housing sector
Worried over the projected shortfall of 6.64 million housing units by the year 2001, the Confederation of Indian Industry (CII) has suggested a 10-point fiscal plan for stimulating growth in housing sector.

Apex court clarifies law on arbitration
A division bench of the AP high court in proceedings arising out of the Arbitration Act 1940 made the award as given by the arbitrator. The high court dismissed the appeal filed by the superintending engineer and allowed the cross objections of the respondent-contractor.


  Some more ideas for globe-trotting Indians
  Refugees still looking for safety and rehabilitation
  Executive Briefing
  Ministry wants FDI in EoUs, EPZs under automatic approval ambit
  West Bengal floats sinking fund to aid state firm bonds
  Hudco to go in for take-out financing
  Kharif prospects
  Landmark divestment
  Legality of holding and moving large amounts
  `Globalisation of auto industry will lead to risk-sharing'
  Call rates may hover around 8%; T-bill auctions likely to improve
  Weather derivatives can easily be adapted in India
  Housing finance firms engage in rate war