State Bank ready to slash stakes below 51 per cent in subsidiaries
Exactly four years after the implementation of the McKinsey recommendations on an organisational recast, the State Bank of India is embarking on another round of restructuring to face the next millennium.

Inflation falls to 14-year low of 3%
The annual inflation rate, as measured by the wholesale prices index, has fallen to a 14-year low of 3% for the week ended June 12, marking a major triumph for anti-inflation policy.

Indian Rayon to spin off sea-water magnesia division
Indian Rayon, the Aditya Birla group major, has finally decided to hive off its loss-making sea-water magnesia division. The board will meet on Tuesday next to approve the decision.

CORPORATE
BIFR dismisses Videocon plea in Uptron revival case
Vysya Bank posts Rs 30.54 cr profit

ECONOMY
Pranab Mukherjee flays proposal on safe passage for Pakistan
Kargil crisis puts rupee under pressure

EXPRESSIONS
Capital adequacy ratios and economic growth
Tax implications for expenditure on employee welfare activities

MARKETS
Elections, Kargil fears force BJP to keep essential commodity
Celanese yarn enters domestic markets

LEISURE
Benetton changes its look to give consumers the look
The mighty Coke crumbles