Big Bull holds on to bank defaulters crown
Sounds malarkey. But here is a `Top 10' list in which no businessmen wants to be featured. Like the Fortune 500 ritual, the Reserve Bank of India has just compiled its annual fare -- the 1997-98 defaulters' list. And there are no surprises for the top gun position. Big Bull Harshad Mehta holds top-of-the-pop position for the sixth consecutive year.

Centre borrowings under WMA accounts cross Rs 8,250cr limit
The Government's borrowing under the ways and means advance (WMA) accounts with RBI rose to Rs 11,721 crore for the week ended May 7. This indicates the government borrowing under this route is above the limit of Rs 8,250 crore.

Rupee likely to trade around current levels
Liquidity improved dramatically this week. It is believed that the second leg of some large sell-buy swaps by the central bank released liquidity into the system. This was supported by the fact that many banks were overcovered ahead of the reporting Friday.

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  Executive Briefing
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  Pawar to launch new party next month
  Float project-specific bonds, says Assocham
  ISRO plans new satellite launch pad
  Tobacco body slams Centre; calls for excise slabs recast
  CERC approval mandatory for tariff fixation
  Economy Briefing
  Economy Briefing
  Mining industry logs in strong growth
  MSEB to float Rs 500cr debenture issue in June for Dabhol phase II
  Assocham frames mechanism for streamlining escrow a/c for IPPs
  Monsoon to bring in 90% rains, says IMD
  Truck rates likely to firm up
  Vital freshwater fish species face extinction
  Weak economic data deflate optimism in the euro zone
  Cotton textile trade with Russia needs revival, says Pdexcil
  Handicrafts exports may rise 10%, says Ghosh
  15 more cotton textile mills down their shutters in 1998-99
  SRTEPC intensifies foreign marketing to increase exports
  Gujarat cotton ryots in distress despite record harvest
  Raw jute may fall short by 20 lakh bales
  Prices of imported softwood pulp steady
  Financial Briefing
  Direct-tax mopup in '98-99 falls short of target
  Decontrol of DAP price will benefit farmers
  China steel imports surge 41% in Jan-Apr '99
  Centre to allow oilseed imports under OGL
  Export growth rate in fiscal '98-99 negative, says research
  Cheap imports, political turmoil put paper sector on a stick
  Cabinet to decide on rejoining global jute body
  IMF estimates gold holdings at 1,075 m ounce in Jan 1999
  Sudan oil export plan on course
  Higher alphatoxin may affect peanut exports
  Pre-harvest rains damage paddy crop in Kerala
  India to protect traditional agro-products, says Pant
  Tasa moots measures to boost tea consumption
  Pawar stresses on biotech to boost economic growth
  Thailand, Malaysia may set up rubber buffer stock