Friday, January 5, 2001
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IT Update

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Ten-year yield curve dips to 10.67%

The benchmark 10-year yield curve fell by 12 basis points to 10.67% on Thursday on buoyant sentiment after the US Federal Market Committee's decision to lower the Fed rate by 50 basis points to 6%.

Sebi takeover code may make disclosure of shares sale by acquirers mandatory

The new takeover code being prepared by the SEBI is likely to make it mandatory for acquirers to disclose the sale of the shares they acquire as well, after they have breached the 5% holding limit.

IndiaBulls.com eyes bank acquisition

The bar has been raised on large industrial houses setting up banks, an eight-month-old dotcom is aggressively planning to enter the banking sector through the acquisitions route.

BJP to lend a helping hand to agriculture sector

BJP went overboard to appease the farm sector by devoting its entire economic resolution on benefiting the farmers at its two-day national executive meeting that began here on Thursday.

Panel urges govt to abolish surcharge on corporate taxes

The advisory group on tax policy and tax administration, in its interim report, has urged the government to abolish the surcharge on corporate and income taxes and do away with the dividend distribution tax in a bid to revive the economy.

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Executive Briefings

bullet.jpg (687 bytes) Rakesh Mohan -- New economist in the North Block

bullet.jpg (687 bytes) Ford India managing director seeks reduction in excise duty

bullet.jpg (687 bytes) Race for IDBI top job enters last lap


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