Times group to list Net firm on Nasdaq by midyear
The Times of India group formally announced on Friday that it would be spinning off its Internet businesses into a new firm for a Nasdaq listing towards the middle of this year.

IT, telecom, media stocks plunge on squaring-up of positions
Share prices, particularly of information technology, telecom and media stocks suffered a sharp setback on Friday to close with widespread losses on the Delhi Stock Exchange on squaring-up of long positions by players amidst profit-taking.

Dividend stripping in funds = Having the cake and eating it too
With the Budget 1999 making dividend income from mutual funds tax free, it created dual benefits for the short term investor:- dividend stripping opportunity and booking notional short-term losses.


  Rediff gets cracking, likely to list ADR on Nasdaq in April
  IT rally will not last for long -- KPMF's Reddy
  Satyam tops Alliance Millennium holding
  Outlook improves for Grasim
  TVS Electronics, Max India appear bullish
  Look for medium-term gains in Fore C Software
  Aftek Infosys
  Merchant bankers' commitment comes under cloud
  Markets have little to gain from short-sighted Centre
  Tech fever propels Nasdaq over 5000
  I-T raids dampen sentiment on CSE


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