Complete volte face on disinvestment
In what is an almost complete negation of whatever progress the govt claims to have made on disinvestment over the past few weeks, petroleum minister Ram Naik on Wednesday told the press that there was no question of any privatisation of any of the oil public sector units.



L&T, US firm float JV for global online trading
L&T has formed a 50:50 joint venture with Bluestone Capital Partners, LP, the US-based investment banking and brokerage firm to launch `LTTrade.com' -- an advanced technology financial portal which will allow Indian investors to trade in securities around the world.



RBI plans forex bureaux on the lines of STD booths
Rupee is not yet fully convertible on the capital account, but that has not prevented the Reserve Bank of India to consider allowing foreign exchange bureaux and shops on the lines of telephone STD booths in major cities.



Other headlines
Pvt cos in NLD telephoney by year-end
TRAI for new phone connection in 21 days
Naik says no to privatisation of oil PSU
HDFC, Standard Life launch MF
No immediate hike in petro prices
Govt okays Satyam ADS issue
Profit warnings by US tech cos rattle investors
FDI in telecom declines
Bizbits
Petty politics to the fore in finance ministry