Pakistan economy will collapse if Kargil situations escalates, says Sinha
Finance minister Yashwant Sinha has said that Pakistan "cannot sustain the cost of conflict and will go bankrupt" in the event of any escalation of the Kargil crisis.

SBI Securities set to merge with SBI Caps
The State Bank of India has decided to merge the two-year old SBI Securities, stock-broking arm of the SBI group, with its investment banking outfit, SBI Capital Markets.

Tisco's Ishaat Hussain to move to Tata Sons as fulltime dire
Tata Steel vice-president and director (finance) Ishaat Hussain is set to move to group holding company Tata Sons as wholetime director with effect from July 1.

CORPORATE
IL&FS, IDBI may pick up 11% apiece in KPC Bidadi Power Corporation
FIPB clears Koshika Telecom's debt plan

ECONOMY
Bin Laden hand in Kargil intrusion, says report
`Kargil will have no impact on reforms'

EXPRESSIONS
Maximisation of world welfare and splintered trading system
Bank sounds caution on global stability

MARKETS
Kargil still hovers over markets, feel fund managers
BSE introduces `Z group' companies

LEISURE
India's next air show to be held in Bangalore
After World Cup, channels to focus on polls