Bond redemptions drag down oil pool deficit to Rs 3,078.79 cr
The oil pool deficit is down to Rs 3,087.79 crore following redemption of Rs 398.09-crore bonds issued to the oil companies.

RBI pegs cut-off price of eight-year paper at Rs 100.8
The Reserve Bank of India (RBI) pegged the cut-off price of the eight-year paper which was auctioned through the "price auctio" route yesterday at Rs 100.80. This translates into a yield to maturity (YTM) of 11.7369 per cent.

TNEB to fix 2,500 MW escrow limit
The Tamil Nadu Electricity Board (TNEB) is expected to announce an escrow limit of 2500 mw for independent power producers (IPPs) in the state.

  Tannery modernisation fund to be cleared soon
  Centre disapproves onion exports until new Sept crop data is known
  Southwest monsoon keeps bumper crops hope alive
  Kargil cause
  Oilseeds, oil estimates for '98-99 revised downward
  Bank of Japan interest rate-hike decision will hinge on recovery
  Soft drink industry urges state to slash sales tax to 13%
  RBI sends team for talks as FSA sticks to its stand
  Executive briefing
  CII report paints rosy FDI picture as inflows mount to $2.38 bn in Jan-Mar
  Tea plantation strike in mid-July as talks fail
  Vajpayee calls for monitoring of end-use of development funds
  Steel rates perk up in first quarter
  Essar lobbies with ministry as FIs stick to guns
  Flexible packaging industry offers attractive bargains
  A C Neilson develops new tool for consumer durables
  Steel story turns stronger as prices recover
  New campaigns
  Medical transcription
  TAM's `commitment' falls short by 93 homes
  IT industry disappointed with MoF directive on Y2K
  VSNL picks the wrong time for maintenance work
  Briefing
  Govt rejects RITES recommendation for Port Finance Corp
  Briefing
  Railway cops thrash Express photographer
  Briefing
  Tie-up to test scientific validity of Ayurveda