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Monday, May 29, 2000



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FII tax issue -- FM on the defensive
Taking his detractors by the horns, finance minister Yashwant Sinha vowed to expose the concerted campaign mounted by vested interests, "who are out to ruin the Indian economy", regarding the tax issue of Mauritius-based foreign institutional investors (FIIs).




Business confidence on the rise -- CII
Business confidence continues to be on the rise indicating the turnaround in the fortunes of the industry, according to a survey of 125 companies conducted by the Confederation of Indian Industry (CII).




Old economy shares back, techs to tail Nasdaq
India's stock markets are expected to be volatile with some buying in the early part of the week in some "old economy" and consumer goods stocks amid optimism over a good monsoon while fortunes of tech stocks will tail the Nasdaq.




Other headlines

Rupee set to cool after RBI calibration
ICICI challenges protection under SICA
BIFR rejects Sterlite plea on Pennar Aluminium
Diamonds are not forever, neither are stocks
France Telecom to unveil $46 bn Orange bid
40 oil blocks to be offered in 2nd round


 
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