Govt against monopolies after PSU sell-off
Disinvestment Minister Arun Jaitley said on Tuesday that the government will not let any monopolies to be created due to the ongoing drive to privatise public sector units.



Silverline launches $ 125 mn ADS issue
Silverline Industries Ltd has become the first Indian software firm to list on the New York Stock Exchange, pricing its American Depository Shares at $25 each on Tuesday, an 11% discount to the domestic market price.



Vivendi, Seagram, Canal Plus form $ 34 bn media giant
France's Vivendi, its Canal Pluspay-TV unit and Canada's Seagram Co said on Tuesday they would merge in a $34 billion all-share deal that creates a new global media power to rival AOL-Time Warner.



Other headlines
Maruti may cut price by Rs 40,000
Naik, Joshi against PSU sell-offs
Sebi clears UTI, ICICI venture funds
Project delays cost Rs 32,000 crore to nation
Bizbits
ISB announces curriculum
New insurance policy for poor in rural, urban areas announced
Aksh Optifibre IPO
Publicis buys Saatchi & Saatchi for $ 1.89 bn