FIs plan sops to reverse steel sector's fortunes
Financial institutions (FIs) have decided to extend sops to the ailing steel sector. The decision was taken at a recent meeting of FI heads at the finance ministry.

IMF, World Bank may sever credit line to Maharashtra infrastructure projects
The World Bank, International Financial Corporation (IFC) and the International Monetary Fund (IMF) have communicated to industry stalwarts from Maharashtra that they will not extend funds to any infrastructure project in the state.

CK Birla asks industry to redefine business goals
The Partnership Summit 1999 chairman CK Birla deplored the overall contraction in world economic activity saying that the time had now come for the Indian industry to redefine business strategies.

  Recession forces Malaysia magnates to tighten belts
  Politics key to Asian recovery, say investors
  Chinese sugar prices fall despite policy
  China forecasts gloomy year ahead
  Government borrowings need to be curtailed
  Kuwait says it must move quickly to open oil sector
  Properties auction flops as state-run units stay away
  Market Round-Up
  Government to promulgate ULCRA repeal ordinance
  Punjab set to auction Rs 60cr loan next week
  Banks may fix 6% rate on gold loans to exporters
  Banks, PSUs to bail out Mhada through bulk purchases of flats
  Centre expands telecom group
  `Shield sugar sector from cheap imports'
  Ministry move irks garment exporters
  ECL mines caught in the whirlpool of cuts and dues
  Tea Trading Corporation locks horns with commerce ministry
  Special purpose vehicle may be created for funding expressways projects
  Dumping duty may be imposed on textile imports
  Protectionist policies of EU flayed at JBC meeting with Portugal
  ATCs now find Raytheon's secondary radar system friendly
  Financial Briefing
  PSU banks to focus on correspondent business
  Regional rural bank employees to observe token strike on Jan 8
  In Brief
  Task force moots stamp-duty waiver on firms' recast plans
  Watson assails patenting of farm produces
  Executive Briefing
  Delhi must pursue growth-oriented policies