Draft aviation policy to scuttle Air-India sale
The latest draft aviation policy, to be finalised by aviation minister Sharad Yadav tomorrow before being presented to Cabinet, suggests a cap on foreign equity of 25% in Air-India after its disinvestment.



RBI revamps liquidity management system
The Reserve Bank of India (RBI) on Thursday announced changes to its current system of liquidity management to cement its role as a lender of the last resort and help develop a short-term rupee yield curve.



Jalan injects small dose of reforms to spur growth
The Reserve Bank of India (RBI) on Thursday left key interest rates unchanged and instead focussed on widening and deepening of the debt and money markets in its monetary and credit policy for the year 2000-01.



Other headlines
Wipro moves FIPB for $ 500 mn ADR
UTI's US-64 scheme reserves soar
Cadila lists at discount to offer price
Two-day rally snaps, Sensex dips 113 pts
Overdrafts by States rising -- RBI
US-64 comes out of woods
Stanchart buys Grindlays for $ 1.34 bn
UTI net income rises to Rs 8,991 cr