`Bajoria letter to CSE not enough'
Adopting a firm stance on l'affaire Arun Bajoria, Bombay Dyeing has said the fact that Mr Bajoria wrote to the CSE about his crossing the 5 per cent equity mark in the company is not enough and does not constitute adherence to the Sebi takeover code.

FE staffer bags FAO award
Mr Ashok B Sharma, a staffer with The Financial Express, has received the FAO award for `significant contribution in the field of reporting on agriculture, food and rural development in the print media'. Former President R Venkataraman gave away the award to Mr Sharma at a function held in New Delhi on Monday to mark the World Food Day.

Oil falls more than a dollar
Oil prices dropped more than a dollar but stayed near 10-year highs after Saudi Arabia's offer of more crude supplies soothed a market tense over Palestinian and Israeli fighting. US President Bill Clinton and Middle East leaders will try to forge a ceasefire at a summit later on Monday following the worst Israel-Palestinian violence for decades.

Ballarpur Ind Q1 net shoots 128%
Ballarpur Industries Ltd has reported a 128 per cent rise in net profit to Rs 23.09 crore for the first quarter ended September 30, 2000. Net profit during the corresponding quarter of previous year was Rs 10.13 crore. Mr Arun Bajoria picking 6 per cent stake was not taken up in the board meeting.

IBA's Swadhan network goes on-line
Four years after being set up, 'Swadhan' -- the Indian Banks Association (IBA)-promoted shared payment network system (SPNS) for automated teller machines (ATMs), is all set to go on-line. Until recently, there was a limit on transaction-size.

NIIT net up 57%, revenues at Rs 1,237 cr
NIIT has posted revenues of Rs 1,237 crore for the financial year ended September 30. It also recorded a robust 57 per cent growth in net profits during the financial year. Net profits for the quarter ended September 30 along with its subsidiaries surged over 70 per cent at Rs 90.8 crore against Rs 53.3 crore for the same period last year.

Frito-Lay takes over Uncle Chipps
Cash-strapped Uncle Chipps Company Ltd on Monday ratified the proposed acquisition of the popular potato chips brand Uncle Chipps by PepsiCo's snack food division Frito-Lay India. According to joint press release issued here, the two companies have entered into a `strategic alliance' for potato chips business.

Maruti Udyog raises CtoC
Maruti Udyog's management has agreed to a raise of Rs 11,000 per month in the cost to company per employee which translates into an additional burden of Rs 50 crore per annum on the company. MUL's management has agreed to increase the CtoC to Rs 33,000 from Rs 22,000 per month.

Sensex swings 200 points intra-day
Markets failed to draw from the Nasdaq effect. On a highly volatile day, Sensex saw an intra-day movement of 200 points. At the end of the day, the index closed 10 points lower