Institutions to appoint engineers to keep a tab on projects
The financial institutions have decided to go on the offensive and conduct on-site supervision for every project to block promoters' attempts to siphon off funds as well as oversee timely implementation.

JM Mutual Fund unveils twin sets of financial figures
JM Mutual Fund has prepared two sets of annual reports and financial figures one set for investors and another set for authorities.

MSEB may be hardpressed to recover Dabhol power cost
The Maharashtra State Electricity Board (MSEB) will be hardpressed to recover the cost of buying power from the Dabhol power company, whose mega-project is scheduled to be commissioned shortly.

CORPORATE
McDowell third-quarter net jumps 20% to Rs 4 crore
Philipine Airlines appoints new CEO

ECONOMY
Chennai port chief terms terminal charge hike illegal
Centre plans study to spot gaps in coal production

EXPRESSIONS
Invest in an index fund to earn average rate of return
Banks set up shop to encash Indica fervour

MARKETS
Euro becomes part of Malaysian reserves
LIC MF's Dhan Bond '99 to open on January 25

LEISURE
IIMA class of '99 votes for Consulting & IT
Manufacturers chip into combat computing skill shortage