Tuesday, September 19, 2000



Silicon Valley Saga Series


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Sensex crashes 196 points in heavy sell-off
Indian stock markets witnessed a massive sell-off as the spiralling international crude oil prices and the imminent hike in petroleum products prices led to panic selling by investors on Monday.




Ficci `blames' SSIs for NPAs
The role and responsibility of industry in piling up of non-performing assets (NPAs) worth Rs 52,000 crore and "the myth that the industry is entirely responsible" for it is a `misconception,' an apex chamber has said.




SSI buys US company for Rs 291 crore
In what could be the largest takeover of an overseas infotech company by an Indian firm, SSI Ltd has acquired AlbionOrion Company from a US-based non-resident Indian for a consideration of $63.65 mn.




Other headlines

HC seeks material on stock market "manipulation"
HC expresses concern on low prices quoted in sale deeds


 
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