NATIONAL SEBI bans DSQ Software; ordered to deposit Rs 630 cr In a crackdown on irregularities in allotment of shares and filing of wrong information, SEBI (Securities and Exchange Board of India) has banned Chennai-based DSQ Software Ltd and its promoter Dinesh Dalmia from accessing the capital market for 10 years and asked to deposit Rs 630 crore, being value of 1.3 crore fraudulently allotted shares, in an escrow account.
ITC wins mother of all excise wars, saves Rs 8.03 bn Tobacco giant ITC Ltd today (Sep 10, 2004) won a big relief in the Supreme Court, which set aside a demand of Rs 8.03 bn slapped on the cigarette manufacturers by the Government on account of alleged evasion of excise duty.
BSE: Sensex spurts by 71.82 pts to close at 5370.05 Notwithstanding rise in inflation rate to four-year high, the Sensex today (Sep 10, 2004) spurted by 71.82 points to close above 5300-mark at 5370.05 on the stock exchange on hectic all-round buying and extended winning streak to sixth successive session.
Share prices in narrow range during morning trading After resuming slightly higher, the share prices moved in a narrow range with upside bias during morning trading at the Bombay stock exchange (BSE) today (Sep 10, 2004) on selective buying by operators.
Trucker's strike pushes up inflation to 8.3 pc Higher prices for essential commodities following the truckers' strike pushed up inflation by 0.16 per cent to a four-year high of 8.33 per cent for the week ended August 28.
Talisma Corp acquires eAssist in all cash deal Months after its deal for acquisition by a pivotal fell through, multi-channel CRM solutions provider Talisma Corporation on Thursday (Sep 9, 2004) said it will buy US-based eAssist in an all cash deal.
K'taka clears 11 mega projects worth Rs 23,319 cr Karnataka Government has cleared 11 mega industrial projects involving a massive investment of Rs 23,319.91 crore, Chief Minister N Dharam Singh said on Thursday (Sep 9, 2004).
INTERNATIONAL Intel outlines strategy for smarter Internet San Francisco: Intel Corporation today described the significant changes that need to be made to the Internet's architecture to make it safer, more useful, reliable and accessible.
