After
Infosys Technologies, software giant Wipro Ltd too beat market
estimates by reporting a 40 per cent growth in net profit
to Rs 216.5 crore for the quarter ended September 2001 as
compared to the same period of last year.
Global stock markets struggled on Thursday as concerns over
the impact of anthrax attacks on the weakening US economy left
investors seeking sanctuary in government bonds, gold and Swiss
franc.
In
a move to kickstart the disinvestment process in Maruti Udyog
Limited, the government has shortlisted six accountancy firms
for appointment as valuers.
India’s
had more than a decade of economic reforms, but it still takes
90 days to start a new firm in India as opposed to just a week
in the UK or a month in countries like Korea, Philippines and
Thailand.
Rating
agency ICRA has downgraded the rating assigned to Maharashtra
State Electricity Board’s (MSEB’s) bond programmes aggregating
to Rs 2,015 crore, from ‘LAA-’ (SO) to ‘LA+’ (SO).
