Paper on next phase of reforms soon -- PM
Prime Minister Atal Behari Vajpayee on Wednesday said his Government would soon come out with a discussion paper on the second generation of economic reforms, irrespective of the political turmoil faced by it.

Pentafour Software declares bonus, net soars 74% to Rs 119.12 cr
Pentafour Software & Exports Ltd has declared a 1:1 bonus and stepped up its dividend to 70% for the year ended March 31, 1999. The company's net profit has shot up by 74% to Rs 119.12 crore, from Rs 68.37 crore.

International castor oil futures trading to kick off on May 10
International castor oil futures trading in the country will commence on May 10, 1999, at the international castor oil division of The Bombay Oilseeds & Oils Exchange (BOOE) Ltd.

CORPORATE
Other income vaults ACC net 322% to Rs 56.84 cr
Thomas Cook Q1 net rises 13% to Rs 3.88 crore

ECONOMY
Lower fund allocation to hamper foodgrain target, says panel
EC calls all-party meet on May 3 to firm up poll date

EXPRESSIONS
Accounting foreign-currency transactions
Directory-based network will change course of computing

MARKETS
Auto component manufacturers beat recession
Tyre makers want removal of natural rubber ban

LEISURE
What about the third report?
Ernst & Young -- Specs for global recognition