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Tuesday, November 16, 1999
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I-T probes Pentafour Software for fake transactions with SRG-Infotec

The income-tax department has initiated an investigation against Rs 600-crore Pentafour Software & Exports Ltd for suspected large scale involvement in artificial sales and purchases with SRG Infotec (India) Ltd.

NSE awaits Sebi nod to expand operations abroad via Internet

The National Stock Exchange (NSE) has chalked out a blueprint for expanding its operations beyond Indian shores, riding on the Internet technology.

Report says Sena government stalled projects worth Rs 10,000 core

The projects worth Rs 10,152 crore were either abandoned or stalled during the previous Shiv Sena-BJP alliance government between August 1997 and July 1999.

Recap bonds' interest spares 19 banks the blushes

The cumulative net-profit of 19 recapitalised banks, after adjusting for 10 per cent interest earned on recapitalisation bonds (re-cap bonds), fell to a negative.

Delhi to soft-pedal industrial tariffs issue

India is playing down the issue of industrial tariffs, though developed countries like the US and the European Community are bound to raise it at the forthcoming Seattle Round.

Executive Briefings

bullet.jpg (687 bytes) Pentafour Software declares 16 per cent interim dividend

bullet.jpg (687 bytes) China and United States sign trade deal, clearing hurdle for WTO entry

bullet.jpg (687 bytes) Modern group seeks more time from FIs for repaying loans

bullet.jpg (687 bytes) Mitsubishi earmarks Rs 21 cr for local speciality chemical firms acquisitions

bullet.jpg (687 bytes) IDBI, ICICI and IFCI witness sharp increase in interest expenses in '98-99


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