Kerala Elec Board in bonds pvt placement: Reuters
India's Kerala State Electricity Board on Friday opened a private placement of unsecured non-convertible debentures, an arranger to the issue said.

Rupee ends steady, import demand dominates: Reuters
The Indian rupee ended Friday steady against the dollar in range-bound trade led by import demand.

China denies dumping products in India: Reuters
China's ambassador to India has rejected charges that his country was dumping its products in the Indian market, a business newspaper reported on Friday.

Philips India rises on parent move to hike stake: Reuters
Shares of consumer electronics firm Philips India Ltd jumped on Friday after its parent which holds a majority stake, announced an offer to buy out the remaining shares of the company at a price of Rs 105.

Jalan says no need to hurry govt borrowing: Reuters
Reserve Bank of India Governor Bimal Jalan said on Friday that government borrowings were on track and there was no need to step up their pace.

RBI seeks orderly forex market: Reuters
Reserve Bank of India Governor Bimal Jalan said on Friday the central bank's objective was to ensure orderly conditions in the foreign exchange market.

Jalan rules out change in interest rates
Reserve Bank of India Governor Bimal Jalan on Friday ruled out any change in the interest rate this fiscal and said the government borrowings were on target despite volatile market conditions and spiralling global oil prices.

No proposal to reduce fertiliser subsidies: Dhindsa
The government on Friday said that there was no proposal to reduce fertiliser subsidies though it was looking into reports of 15 fertiliser companies availing of subsidies to the tune of Rs 4.50 billion by falsely showing higher production and lower capacity utilisation.

IOC to bid for majority stake in IBP: Reuters
Indian Oil Corp's board of directors has approved a proposal to bid for a majority holding in oil retailer IBP Co Ltd, a company official said on Friday.

High prices to delay India oil decontrol plan: Reuters
High global crude and oil products prices could derail India's plans to fully decontrol its oil sector before April 1, 2002, officials and analysts said on Friday.

India orders probe into cement price hike: Reuters
The Indian government has launched an investigation into a recent price hike by several cement manufacturers, an official said on Friday.

India exported 100,000 tonne sugar to Pak this fiscal
India exported 100,000 tonnes of sugar to Pakistan during the current financial year, the Lok Sabha was informed on Friday.

India to invite international bids for Maruti: AFP
India will invite international bids to ensure a competitive price for the sale of government's stake in the country's largest selling carmaker, Maruti Udyog Ltd.

Asian markets shrug off US blues: Reuters
Asian share markets initially took fright on Friday at yet another Nasdaq slump, but many recovered later as investors turned toward the safety of old economy stocks, a move that lifted Tokyo more than 1 per cent.

SSI arm to computerise Bombay oils bourse: Reuters
The Bombay Oilseeds and Oils Exchange, which plans to automate commodities futures trading by April 2001, has entered into an alliance with SSI Technologies for total automation solutions, its president said on Friday.

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