Steep rise in NIIT net profit; bonus issue from Mastek
Software firm NIIT Ltd registered a 116 per cent growth in net profit at Rs 18.5 crore for the first quarter ended December 31, 1999, as compared to Rs 8.58 crore in the corresponding quarter of 1998-99.



Takeover panel finalises code
The Securities and Exchange Board of India (SEBI) committee on takeover code has proposed several far-reaching changes in a bid to streamline the mergers and acquisitions activity.



Industrial growth dips to 3.3%
A lacklustre performance by the manufacturing sector coupled with negative growth rate in the mining sector pulled down the industrial growth rate in November, 1999 to 3.3% compared to 5.2% in the corresponding period last year.



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Markets rebound, Sensex gains 196 pts
Telco to launch luxury car soon
Govt plans more powers to DRTs
Sinha warns banks on NPA
IDBI Bank's net up 134%
Archies profits up 75 pc in Q3
Labour trouble at Mahindra plant