BSES told to pay Rs 59 cr as arrears on standby charges to Tata Power
MERC on Monday, in a scathing interim order, directed the BSES to deposit nearly Rs 59 crore towards arrears of standby charges to Tata Power in a separate account till Jan 11. MERC will shortly open a separate account entitled "MERC account," for this purpose.

JP Morgan foresees bank rate dropping 50 bps in first quarter
In its fortnightly report `Indian Markets Outlook' released on last Saturday, JP Morgan has predicted a 50 basis point reduction in the bank rate to 7.5% early in the first quarter of the next fiscal.

Reform bureaucracy to cut red-tapism -- Fitch Ratings
There is an urgent need to accelerate the second generation economic reform process, including privatisation of public-sector units, fiscal consolidation, labour laws, exit policy and agricultural reforms, to ensure that foreign direct investment inflows reach the desired level in India.


  Centre likely to withdraw `navratna' status to SAIL
  Executive briefing
  IIBI in talks with IBM, Matrix for major infotech thrust
  Canara Bank to come out with VRS in two weeks time
  Market round-up
  Bank of Baroda to open Rs 20-cr integrated branch in Mumbai
  Sinha wants pvt banks to go rural
  BNP Paribas's cash management on Web
  Dena Bank may offer VRS from mid-February
  India to file `cross appeal' in WTO body in bed linen export
  India to set up indigenous technology, training database
  `ITDC to be disinvested through international bidding'
  Government, ICWAI asked to file reply on PIL
  `Punjab will have an exit policy in three to four months'
  Integrate small with large rather than divide
  Family planning, literacy through social marketing in Bihar
  Bangalore to get back its `green' glory
  Populism takes its toll on TN sugar cooperatives