Friday, October 8, 1999
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Sensex welcomes Vajpayee back with 265-point vault

It was euphoria on Dalal Street. With the BJP-led National Democratic Alliance heading for a clear majority of 292-plus seats, the market greeted Vajpayee's return with a 265-point jump in the Sensex on Thursday.

Moody's joins party, revises country's outlook to positive

International rating agency Moody's Investors Service has heralded the return of political stability by raising the outlook to `positive' from `stable' for India's `Ba2' ratings on foreign and domestic currency debt. This is the first sovereign rating outlook change for India this year.

Yashwant Sinha likely to return as finance minister

Yashwant Sinha is almost certain to continue his innings at North Block. Now that the contours of the 13th Lok Sabha are more or less clear, Atal Behari Vajpayee as head of the NDA has started giving thoughts to ministry making and, according to BJP sources, Sinha's continuance in the North Block is a foregone conclusion.

Elections 99

Panel of secretaries clears oil sector recast plan

The committee of secretaries has cleared a mega recast plan for oil PSUs which has been forwarded to the Cabinet for approval.



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Executive Briefings

bullet.jpg (687 bytes) Godrej & Boyce may find it tough to raise funds for recast plan

bullet.jpg (687 bytes) Twin-bond auction worth Rs 5,000 cr sails smoothly

bullet.jpg (687 bytes) Court upholds Cadila Pharma appeal on copyright of Envas

bullet.jpg (687 bytes) Sonata on the prowl, plans US acquisitions

bullet.jpg (687 bytes) Oil Investment Development Board to pick 10% in Numaligarh refinery


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