SAIL bleeds, posts Rs 1,573 crore loss
Steel Authority of India Ltd has registered a whopping Rs 1,573-crore loss for fiscal 1998-99 against a net profit of Rs 132 crore in the previous year.

L&T net down 11.5% to Rs 470.74 crore
Larsen & Toubro's net profit has fallen by 11.5% to Rs 470.74 crore for the year ended March 31,1999 against Rs 531.44 crore in 1997-98.

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.

CORPORATE
ONGC net up 2.86% to Rs 2,754.49 crore
IFCI net declines to Rs 23.51 crore,

ECONOMY
Reserve Bank removes ceiling on bank credit to finance companies
Pharma, cement firms post growth in April, says CII

EXPRESSIONS
Wipro -- A medium-to-long term bet
Indal attractive at current valuations

MARKETS
Unit Trust to unveil MIP '99 (II) next month
SBI Gilts net profit drops 6.47% to Rs 28.74 crore

LEISURE
Claiming races will improve fortunes of horse breeding
New millennium to give a big push to mutual funds