Reliance hits roadblock, Q4 profit falls 21 pc
AFTER making continous profits for 44 consecutive quarters, the Reliance juggernaut has finally come to a halt as the net profit of Reliance Industries has crashed 21 per cent to Rs 540 crore from Rs 654 crore for the quarter ended March 31 2001 as compared to the corresponding period of last year.

Rumours of Sebi’s badla ‘rethink’ buoy bourses
Is the regulator buckling under pressure? The BSE Sensex jumped 96 points amidst strong rumours that there will be some relaxation with respect to a recent Sebi sub-committee’s recommendation banning badla in rolling settlement.

How bad is IT slowdown? Techies swap e-notes
First it was the rumours, then came the denials followed by a belated admission. Now come the hard facts about the impact of the economic slowdown in the US on the Indian infotech industry.

DPC likely to serve notice in 2-3 weeks
THE Maharashtra government expects the Dabhol Power Company to serve the preliminary termination notice to the Maharashtra State Electricity Board within next two to three weeks.

Sinha asks WB, IMF to take steps to spur growth
INDIA today asked the World Bank and the International Monetary Fund to work out an action programme to ‘rejuvenate’ economic growth in developing countries in the face of global economic slowdown and set appropriate framework alongwith wto for ‘free and fair’ global trade.

PAL AGM adjourns due to legal issues
In an unexpected turn of events, the annual general meeting of Premier Automobiles Ltd was adjourned due to certain ‘legal issues’ on Monday.