• RIL board clears demerger formula
• Anil Ambani welcomes RIL demerger
• BK Birla consolidates Pilani holdings
• UPS's Asian expansion to accord high priority to India
• Tata AIG Life increases capital base
• IICT led consortium develops synthetic aviation lubricant of strategic value
• Nimbus Sport bags three year rights to Afro-Asia cricket cup
• Cognizant to expand its employee base in India
• IVRCL order book increases by Rs.600 crore
• Corporate Results: Monnet Ispat, Colgate Palmolive, Unichem Laboratories

GENERAL

• Indian oil majors to explore tie-ups with China
• Cabinet clears customs co-operation pact with China
• India-South Korea bilateral trade likely to touch $6bn in current fiscal
• Inflation slips to two year low of 4.07 per cent

• Rupee firmer - securities weak
• RBI: 12 and 29 year papers to raise Rs.8,000 crore
• RBI to strengthen co-op banks
• Market and financial sector chiefs stress need for a deeper debt market
• Canara Bank picks Flexcube for core banking solution
• IRDA eases norms for survey of flood losses
• KVB revises FCNR, NRE deposit rates

MARKETS

• Biotechnologist G. Padmanabhan bags Gujar Mal Modi award