CBDT turns the heat on top I-T defaulters
In a bid to strengthen the tax administration machinery and improve collections, the Central Board of Direct Taxes has directed all the assessing officers to monitor the top 100 defaulters under his/her respective charge on a monthly basis.

Meet soon to resolve margin-related issues
The Sebi-appointed committee on margins has decided to meet in the last week of May to thrash out problems related to the interpretation and implementation of margins at the exchange level.

First auction of 182-day T-bills on May 26
The Reserve Bank of India (RBI) on Friday announced a calender for the auction of treasury bills with a fixed notified amount and date of auction for the whole year. The first auction of 182-day T-bills will be held on May 26, 1999.

CORPORATE
Conscofe net up to Rs 14 cr; to pay 60% dividend
SBH registers 14.84% jump in profits

ECONOMY
Japan's major banks post huge losses in bad loans cleanup
Pawar & Co to float new front, rule out handshake with BJP

EXPRESSIONS
`US-64 needs a professional, forward-looking decision making process'
`Fund managers are switching styles'

MARKETS
Technical correction likely to continue; HLL, ITC hold the key
Sesa Goa to remain bearish

LEISURE
Hypocrisy impacts horse racing adversely
HMT hopes to tick in volumes game with new low-price brand