Tuesday, July 21, 1998
When being "qualified" is a disgrace
Our qualified accounts are actually for the benefit of shareholders. Net of qualifications, the profit will be lower and hence dividends will also be lower. As shareholders can benefit as a result of a higher dividend, we have opted for qualified accounts, the finance director of a steel company, which came out with a rights issue in May 1997, said.
Software fever grips Blue Star
With the sentiment for software stocks booming, even small and insignificant companies, like Shyam Software, are being tipped in market circles as the next stock to be put into play. But even companies that are not entirely focused on software have begun to get popular, riding on the sentiment for software stocks (Ramco Industries being a major exception).
The Index
Telecom -- The concern voiced by the metro cellular operators over the entry of MTNL into cellular services in Mumbai and Delhi is misplaced. In reality, the metro cellular operators have paid very low licence fees for the initial three years when compared with the non-metro cellular operators.
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