Committee grills SEBI, NSE, BSE officials
Several members of the parliamentary standing committee on finance have sought to know the role of Harshad Mehta in the recent price rise in select securities which ultimately led to the payment crisis at BSE. The top brass of SEBI, NSE and BSE were grilled on several issues pertaining to the development of the markets and the recent turbulence witnessed.

Crisil downgrades Tata Steel debt plans to double-A-plus
The Credit Rating Information Services of India Ltd (Crisil) on Monday downgraded the outstanding ratings of the non-convertible debenture and bond programmes of Tata Iron and Steel Company Ltd (Tisco) to double-A-plus (AA+) from triple-A (AAA). The F-triple-A (FAAA) rating assigned to the fixed deposit programme has been reaffirmed.

Double taxation exemptions can't be withdrawn: tribunal
In a landmark judgement, the Income-Tax Appellate Tribunal has held that the central government cannot withdraw from the tax payer exemptions granted under a double taxation avoidance treaty with another country.

CORPORATE
Cogentrix to kick off project by March '99
State Bank of Saurashtra to open more branches in major cities

ECONOMY
Norms for foreign stake in private banks relaxed
Garment exports beat slump to post 8% hike

EXPRESSIONS
Road planning ridden with potholes
Awaiting harvest

MARKETS
State Bank rushes to rupee's rescue
HLL threatens to pull Sensex below 3,000 points

LEISURE
Reshaping the work place
At Club Mahindra, getting new business is all in the family