RBI steps pull back rupee
RBI measures cooled down the volatility in the interbank foreign exchange (forex) market with the rupee recovering to close at a comfortable level of 44.74/75 on Monday.



Alliance Air passenger load factor falls to 62%
Indian Airlines' loss-making subsidiary, Alliance Air is in for serious financial trouble. Its passenger load factor --- number of seats per hundred that are sold --- has crashed to 62% from 70%.



Cos Bill to change corporate accounts
Government is likely to change the way the corporate accounts look today. Among various proposals expected to be included in the Companies Bill are presentation of consolidated financial statements.



Other headlines
Hutchison sells VoiceStream stake to Deutsche Telekom for $ 1.86 bn
Net links cross 1 mn mark -- Nasscom
Indian Bank posts Rs 427 cr loss
Markets turn nervous, Sensex crashes by 275 pts
Australia's biggest bank fights $ 50 bn damages claim
Joshi's new turf battle -- don't sell EPIL and B&R
Oops, sorry, I got my bid wrong by 80 percent