Thursday, October 12, 2000



Silicon Valley Saga Series


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India joins global markets in stock sell-off
The benchmark Sensex of the BSE nose-dived by another 108 points to hit a 16-month low of 3836.51 points as share prices witnessed across the board decline following sustained selling pressure by local investors and foreign funds.




Bajoria targets Thapar too
Delhi-Based Ballarpur Industries wants the industry chambers to intervene in the issue of jute baron Arun Bajoria picking up reportedly about 10% stake in the company.




Moody's retains India's rating
Even as Standard & Poor's downgraded India's rating on Tuesday citing government's inability to accelerate reforms, another international rating firm Moody's Investors Services has retained India's rating as positive.




Other headlines

Hindalco, Sterlite, Alcoa shortlisted for BALCO
Revenue collections go up 19% in H1
CMIE too pares GDP growth forecast to 5.8 pc
S&P downgrade hits rupee, bonds
Wadia, Bajoria in pitched battle for Bombay Dyeing
HLL to make open offer for Bestfoods


 
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