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IT Update

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Punters may be stranded as net outstandings rocket on bourses

The net outstanding position on the bourses has reached an alarming position in the absence of any definite exit route for operators who have built up long positions in a handful of technology stocks.

Jaiprakash taps cement majors to sell 49% in unit

The Jaiprakash group is in talks with leading international cement majors including Lafarge, Italcementi, Cemex and Blue Circle for divesting up to 49% equity in its cement business. The group proposes to retain a majority 51% equity.

Strategy, execution key to Net riches -- Yahoo! chairman

The key about the Internet is not the idea or the business model, what it takes is strategy and execution to succeed, says Yahoo! founder chairman Jerry Yang. Yang is in the city to launch Yahoo!'s India segment.

IFCI pleads with Government for Rs 400cr infusion

The Industrial Finance Corporation of India has sought a 20-year preference-capital infusion of Rs 400 crore from the Centre. IFCI proposes to improve its debt-equity ratio and strengthen its capital base with the capital.

Splitting the silver -- Blue-chips for DTO, blues for DTS?

Internal recommendations on the work allocation between DTS and the newly formed DTO indicate that the companies which will go on the disinvestment chopping block first, like HTL and ITI, will be made a part of the DTS and the more profitable ventures like VSNL, MTNL, C-DoT and TCIL will be allocated to the DTO.

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Executive Briefings

bullet.jpg (687 bytes) Cement producers jackup prices by Rs 10 a bag

bullet.jpg (687 bytes) Unilever of UK might ask Hindustan Lever to acquire Rossell Industries shares

bullet.jpg (687 bytes) WorldCom plans to hang up its consumer long-distance busines

bullet.jpg (687 bytes) Thermax net profit declines 15 per cent to Rs 32 crore

bullet.jpg (687 bytes) Sebi permits ASE to start ALBM


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