Japan may lift sanctions
Japan, apparently satisfied with New Delhi's "positive and forward-looking stance" regarding signing the CTBT, is inching towards ending economic sanctions against India, a leading daily claimed here on Sunday.

DICGC recast report today
The report on the restructuring of the Deposit Insurance and Credit Guarantee Corporation (DICGC) will be submitted to RBI governor Bimal Jalan on Monday.

SRF Q2 net vaults 144%
SRF has posted a 144-per cent jump in profit before tax to Rs 10.85 crore for the second-quarter ended September 30, 1999, as compared to Rs 4.45 crore in the corresponding quarter the previous year.

Punjab Tractors H1 net up 20%
Punjab Tractors has clocked a 20-per cent rise in net profit to Rs 70.5 crore during the first half of the current financial year, up from Rs 58.7 crore in the same period last year.

Corporates Q2 net spurts 12.1%
The aggregate net profit of 332 companies which declared their second quarterly results during last week increased by 12.1 per cent during July-September 1999.

Ficci survey sees economy turnaround
The industry expects a turnaround in the economy by the end of the current fiscal, according to the fifth business confidence survey conducted by the Federation of Indian Chambers of Commerce and Industry.

Utkal Alumina plan
Utkal Alumina International may hive off its captive power plant into a separate company in a bid to lower the capital cost of the project.

MTNL in pact to set up cyber cafes
Mahanagar Telephone Nigam has joined hands with Delhi government to set up cyber cafes and `dhabas' to promote Internet usage in the capital.

Continental move
Continental AG will bid for the 44 per cent equity stake of financial institutions in VK-BK Modi controlled Modi Rubber.

Mafatlal textile business recast
Mafatlal Industries has roped in KSA Technopack to fine-tune its textile operations. This follows a recommendation from the lead institution ICICI to re-orient the core business of the company after Mafatlal Industries submitted an elaborate funding plan to the institutions for approval.