April 6, 2000
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Indian stocks gain in US markets
After Tuesday's bloodbath on NASDAQ, there was some respite as Indian technology stocks, Infosys and Satyam Infoway recorded smart gains.
NEWS: ECONOMY / BUSINESS / INDUSTRY
Prohibitory orders in Goa as violence rises
With the stir against Meta Strips snowballing into a violent protest, the government has called in extra police force. It has also set up a panel to probe into the allegations against the project.
Reliance board to mull share-buyback
Reliance Industries Limited will hold a board meeting on April 12 to consider the issue. At the current price of Rs 300, it will be able to extinguish 10% of its equity capital.
World Bank bullish over India's growth
The Bank's Global Development Finance report says that the Indian economy will sustain rapid growth, along with domestic reform issues.
'Family businesses must be professionally managed'
Rahul Bajaj, the CII president, said that family-run companies need to turn into professionally managed ones so as to be able to compete and survive in today's environment.
'India not to dilute holding in state-run insurance firms'
Union Minister of State for Finance Balasaheb Vikhe Patil said that India will usher in customer-friendly guidelines for insurance firms in a fortnight.
Mini-car museum opens in Hyderabad
A designer of miniature cars and two-wheelers has put on display over 80 models in the cyber city. He has already entered the Guinness Book of World Records through his feat.
AFP NEWS
India's largest mutual fund to invest in dot-com firms
The Unit Trust of India will launch a dot-com fund aimed at Internet companies, and the portfolio of this fund will be different from the software fund as UTI is investing in start-ups.
'Rapid Info on Stocks and Corporates': new offering of BSE-Dun & Bradstreet India
Khandwala Securities profit up 1014% at Rs 355 million.
THE REDIFF BUSINESS COLUMNS
Income Tax department vs FIIs
'If the Income Tax department wins the ruling on slapping taxes on Mauritius-based foreign funds, India may lose a lot of foreign investment, says Devangshu Datta.
New temples, new India
'Whether the Indian stock market booms or flops, the ICE Age is here to stay,' says Pritish Nandy.
THE REDIFF BUSINESS SPECIALS
'There's a need to nurture Indian family businesses'
Top industrialists feel family-run businesses have their own place in the new economy.
Silicon Triangle holds great prospects for India
'Tamil Nadu is likely to surge ahead of both Karnataka and Andhra in the infotech sphere,' say Nirupam Bajpai and Navi Radjou of the Harvard University.
More special features
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| Index |
Level |
Change |
BSE
Sensex
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4797
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+40
(0.84%)
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NSE S&P
CNX Nifty
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1437
| +3
(0.20%)
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Rs/US$
Forex
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43.62
|
(steady)
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