UTI restrained from terminating RUS
The Delhi High Court has restrained the Unit Trust of India from terminating its Rajlakshmi Unit Scheme. Issuing notice to the UTI returnable for December 11, Justice Manmohan Sarin in a recent order said "termination of the scheme will be subject to the outcome of the writ petition."

Swedish Match AB hikes Wimco stake
The Jatia Group has ceded its 21.89 per cent stake in Wimco Ltd in favour of Swedish Match AB and its subsidiary based in Singapore.Swedish Match Singapore Pte Ltd, a subsidiary of Swedish Match AB, has acquired 1,13,82,800 equity shares in Wimco representing 21.89 per cent of its paid up capital on September 27, 2000 from AVP Trading Pvt and Plash Food Pvt Ltd, representing the Jatia Group.

FAIPT puts off stir
Federation of All-India Petroleum Traders has put off its proposed nation-wide strike after having reached a consensus with the Union Minister of Petroleum and Natural Gas, Ram Naik, to resolve their pending issues.

Polaris yet to hear from Data Inc
Polaris Software has said it was yet to receive official communication from the US-based Data Inc about its filing of a suit against Polaris for not honouring the MoU to acquire Data Inc. The acquisition was said to be against the interests of its shareholders.

First Crorepati to come on air on Oct 19
Star Plus will present its first Crorepati Harshvardhan Nawathe, the winner of the country's most popular TV gam show Kaun Banega Crorepati on October 19. The highest prize money on Indian TV goes to the 24-yr old from Mumbai. Meanwhile, Amitabh Bachchan has agreed to host the show beyond 130 episodes of KBC. Separate classification for dotcoms With the complex business model of the dotcom and Internet companies, Sebi is considering introduction of a separate classification for these companies.

Sun Pharma rises up ORG rankings
Sun Pharma, ranked 16th during early 1999, has moved up to fifth position as per the latest ORG MAT data. Sun Pharma's rise is a "function of the business design that favours lasting customer relationships for a long-term prescription increase."

DRF gets DCGI nod
Dr Reddy's Research Foundation has received an approval from Drugs Controller General of India to carry out phase I clinical trails in India on its anti-cancer compound DRF-1042.

Morgan Stanley leader in M&A
JM Morgan Stanley has emerged the leader in mergers and acquisitions by value, according to an Indian M&A Market Review for the first half of 2000, released by INDATA. DSP Merrill Lynch and Kotak Mahindra came in second and third respectively.

Sensex rises 25 points
Dull trading continued as prices moved in a narrow range despite the Nasdaq fall. Prices opened on a weak note in the wake of the Nasdaq fall but recovered partially in the afternoon.