Sebi likely to do away with lock-in for PMS
Securities and Exchange Board of India (Sebi) is likely to do away with the one-year lock-in period on investments made by clients stipulated in the existing guidelines for portfolio management services (PMS).

IT sector must take initiative -- Premji
The future looks bright and it is upto the Indian IT industry to take advantage of the emerging opportunities in the global and domestic market, said Wipro chairman Azim Premji.

`Software weightage to go up on indices'
The software market, which currently represents roughly 23.5 per cent of the Indian stock market index, will go up to nearly 38 per cent of the index by 2005, according to Jardine Fleming director and CIO UR Bhat.


  Second-rung tech stocks feel the pressure
  Wipro, Raymond appear attractive
  Broking houses ask clients to hold their horses
  Competition disciplines market, says Nasdaq vice-chairman


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