Tuesday, October 12, 1999
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Rupee rallies again

Promise of political stability at the Centre saw the rupee rally smartly to intra-day high of 43.30/31 on Monday before closing at 43.37/38.

Sensex closes over 5000

The Sensex closed above the 5000-mark, gaining 50.04 points after profit booking shaved most of the gains registered earlier in the day. Though net FII investments last Friday was Rs 71 crore, brokers expect the market to remain weak on Tuesday.

Vajpayee vows to kick off Reforms II, likely to go in for two-tier ministry

Atal Behari Vajpayee said on Monday that his new government was committed to second-generation reforms and there need be no doubt about it.

Elections 99

Tata Consultancy denies any move for a public float

The recent boom in the infotech sector has reignited the hopes of investment bankers keen on influencing Tata Consultancy Services (TCS), one of Asia's largest infotech players and a division of the closely-held group holding company Tata Sons, to go public.

Organisation 2005 -- P&G unveils massive culture-change exercise

There's something different about Procter & Gamble: It's culture. The hushed voices give way to loud guffaws more often, ties are optional, and--forgive the nit-picking--but now, everyone is allowed to use bone-china cups for tea.

Shaw Wallace MD Ravi Jain steps down

Shaw Wallace managing director Ravi K Jain, one of the closest associates of Manu Chhabria, has put in papers at the ailing liquor company following `differences' with the Chhabrias.

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Executive Briefings

bullet.jpg (687 bytes) Reliance kicks off due diligence at IPCL

bullet.jpg (687 bytes) Pentafour's second-quarter net soars 98% to Rs 5.25 cr

bullet.jpg (687 bytes) Local promoters, Dutch firm to part ways in Duphar-Interfran

bullet.jpg (687 bytes) Sundaram-Clayton sales jump 54% to Rs 101.73 cr

bullet.jpg (687 bytes) Crompton Greaves slips into the red; incurs Rs 23cr losses in Q2

bullet.jpg (687 bytes) Silverline to float $75-million ADR issue to fund takeovers

bullet.jpg (687 bytes) Centre seeks Bhel help to make turbines for Gujarat tidal wave plan

bullet.jpg (687 bytes) Syndicate Bank to start bullion trading in Chennai

bullet.jpg (687 bytes) PSU banks begin to close down branches to trim flab

bullet.jpg (687 bytes) ICICI, HDFC ask Essar to clear liabilities before leasing out HQ

bullet.jpg (687 bytes) Transporters threaten to go on nation-wide strike from Oct 21


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