IDBI under ministry pressure to bail out steel industry
Steel secretary Ashok Basu has written to Industrial Development Bank of India (IDBI) requesting it to reschedule term loans and substitute external commercial borrowings with domestic funds, wherever possible.

CMIE pares GDP growth outlook to 4.5%
The Centre for Monitoring Indian Economy (CMIE) on Monday pared its June 1998 projection on gross domestic product (GDP) growth for 1998-99 from 4.5-5 per cent to 4.5 per cent.

Bengal yet to come to WBSEB's rescue
The West Bengal finance department is yet to make funds available to the WBSEB to clear the dues of the central sector power utility, which has stopped supplies to the state since October 10 midnight.

  China plans transfer of surplus industrial capacity abroad
  Goldman Sachs expects India, China to recover first
  Chip-makers to tout processors of the future
  Dutch firms in pact with Gujarat government
  Packaged edible-oil segment likely to see jump in growth
  Fertiliser body wants more hike in DAP subsidy
  Cotton imports to decline on good crop production
  Depression continues to dog cement sector in H1
  PSU banks' mutual-fund investments to be exempted from 5% cap
  First set of crucial Japanese banking reforms enacted
  Bar on cargo inspection stumps revenue officials
  Court allows 100% depreciation on bottles
  China likely to post lower economic growth of 8 per cent next year
  Australia not worried about bank exposure
  S&P cuts long-term Pak rating to triple-C minus
  Executive Briefing
  Konkan Railway dons new avatar to woo back drifting clients