IAF loses chopper on Day 3 of Kargil blitz
India lost yet another aircraft -- a Mi-17 helicopter -- in the Kargil region on Friday when it was shot down by Pakistan-backed intruders using US-made stinger missiles.

Reserve Bank removes ceiling on bank credit to finance companies
The Reserve Bank of India has removed the ceiling on bank credit in respect of all registered non-banking finance companies engaged in principal business of equipment leasing, hire-purchase and investment activities.

Pharma, cement firms post growth in April, says CII
In a clear indication of industrial revival, 48 sectors registered over 10 per cent growth in April 1999 over April 1998.

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