The Securities and Exchange Board of India (Sebi) has decided to make it mandatory for companies who have changed their names to suggest software interest, to reveal the income generated from software business in their quarterly results. The decision was taken at the inter-surveillance group of exchanges held here at Sebi on Wednesday.

Y2K status report with results made mandatory:

The Securities and Exchange Board of India has made it mandatory for all the listed companies to disclose in their quarterly results their Y2K preparedness level. This vital information, according to Sebi, has to be published alongwith their quarterly results as well as annual results for the financial year ending December 31, 1998 or thereafter.

Dundee to invest Rs 56 cr in IT stocks:

DUNDEE Mutual Funds, which manages assets worth Canadian $6.5 billion through 30 schemes, is bullish on the Indian IT sector and plans to invest upto Rs 56 crore(Canadian $20 million) in the sector. This will be done through the international fund which is to be launched in Canada shortly.

Top 200 corpus grows to Rs 58 crore:

Top 200 Fund has seen a growth in corpus from Rs 39.43 crore on December 31, 1998 to the current level of Rs 58 crore with steady inflows in the first week of March, said Bobby Surendranath, the head of equity of the fund. The fund's strategy of keeping a low exposure to economy-related stocks has been vindicated as the budget for 1999-2000 has not been able to influence private capital flows into the infrastructure-related sectors.

India growth fund goes online:

India Growth Fund, Unit Trust of India's (UTI) offshore fund, is now online. The website, www, Indiagrowth.com contain information on India Growth Fund inc listed on NYSE. Sebi receives two draft document: Sebi has received two draft offer documents amounting to Rs 73.90 crore during the week march 1-5. According to a Sebi release, one was a draft offer for saleamounting to Rs 49 lakh and another a draft letter of offer for Rs 73.41 crore.

Sebi suspends broker:

Sebi has suspended Padam Chand Jain, member of Gauhati Stock Exchange, for 6 months. According to a Sebi, Jain has been suspended in terms of sub-regulation (3) of regulation 29 of Sebi regulation.