UTI under pressure to revamp
The Unit Trust of India (UTI) is under pressure to change its dividend distribution policy and scrap assured return schemes as recommended by the Deepak Parekh committee.

Enron offers to sell surplus LNG to GAIL
US multinational Enron Power Corporation has offered to sell surplus LNG from its $ 1.2 billion power project in Dabhol to state-owned Gas Authority of India Ltd (GAIL).

Kerala inks PPAs with 2 IPPs
The Kerala cabinet has cleared the combined cycle Power Purchase Agreement of BSES Kerala Power Ltd (BKPL) and the EDL-OC.

  Bizbits
  CII seeks financial sector reforms
  Chelliah for decentralisation of power
  State-owned banks to work more hours
  RBI should cut export credit rate
  Ministry plans road advisory committee
  MP private power plants fail to take off
  UA's new route may hurt AI market share
  No export conditions waiver for Rothmans, says ministry
  Figurewatch
  Different Strokes
  Opportunity or menace?
  Indian Oil's top perch looks a bit shaky
  `Stock exchanges must move towards self-regulation'