Wednesday, July 21, 1999
Infosys pulls down Sensex by 99 points
In a dramatic reversal of role, Infosys led the plunge in indices on Tuesday with the Sensex dropping 99 points, to end the day at 4617.82 points, against Monday's close of 4716.81 points.
Corporate tax collection drops 2.82% in Q1
Corporation tax collection has registered a negative growth in the first quarter of the current financial year over the same period last year. It has gone down by 2.82% in the first quarter.
Short-term interest rates still firm despite drop in inflation
Contrary to corporate expectations of a drop in lending rates following the steep fall in the inflation rate, all short-term interest rate indicators have been pointing to a marginal upward movement since March.
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