Kerkar in race for Great Eastern
Ajit Kerkar and Satish Kumar, veteran hoteliers and former presidents of the Federation of Hotel & Restaurants Association of India, are among the bidders for the government-owned Great Eastern Hotel in Calcutta.

Cabinet contemplating foreign direct investment in housing sector
The Union Cabinet is considering allowing foreign direct investment (FDI) in the housing sector and a four-member cabinet sub-committee was examining the proposal, according to Union Urban Development Minister Ram Jethmalani.

RBI sets up monitoring group of bankers
The Reserve Bank of India (RBI) has announced setting up of a six-member `monitoring group of bankers' to closely track implementation of its revamped scheme for sanctioning of export credit by banks in foreign currency to exporters.

  Govt prunes list of life-saving drugs
  Funds may flow from banks to mutual funds
  Indal employees up in arms against VRS
  Cos raise Rs 26,719 cr via debt instruments
  Bull rally continues, Sensex vaults by 116 points
  Customs slaps Rs 57 cr penalty on Jindal firm
  S&P downgrades Chinese FIs
  Hewlett-Packard announces split into two
  US Super 301 law comes under WTO scrutiny
  More banks cut PLR, pvt banks slash deposit rates
  Export credit, refinance rates up from April
  Karnataka plans to set up divestment fund
  DCR concerned over deficit targets
  Court urged to restrain Chhabria group from voting
  Sinha assures foreign investors
  Excise on bulk tea flayed
  Bizbits