Oberois to set up hotel in Bahrain
India's Oberoi group has signed an agreement with a company in Bahrain for setting up a five-star deluxe hotel and resort on an island off the coast of Manama.

Gujfun Water Park's counter not all that fun
At a time when dividend income is entirely tax-exempted, investors could be normally expected to lap up the scrips providing a dividend yield in excess of 12 per cent. However, despite an eye-catching payout-declaration of 110%, Gujarat Fun 'N Water Park Ltd (Gujfun) is languishing on the bourses!

Fields thin out as racing season draws to a close
The 1998/99 meeting at Mumbai was originally scheduled to conclude with Saturday's card, but has been extended by a further week and now winds up on May 2nd, just a few hours after what is termed the "most exciting two minutes in sport", the race known as the Kentucky Derby, is run in distant Louisville.