Investors lose heavily in high-profile IPOs
Many companies and promoters had come out with IPOs at high premiums in the last one year, but most of them are quoting at huge discounts to their offer prices, leading to a huge erosion in the wealth of investors.



Govt puts lock-in for IA sell-off
Government has put in a five year lock in period for the strategic partner which will acquire 26% equity stake in Indian Airlines. Industry sources said that the clause is proving to be a hurdle for bidders in bringing in foreign investors.



Tax mop-up to fall short by Rs 5,000 cr in ’00-01
Slowdown in the economy particularly the manufacturing sector is likely to result in a shortall of about Rs 5,000 cr in tax collection during the current fiscal. Against the target of Rs 1,91,000 crore, finance ministry is expecting to mop up over Rs 1,85,000 cr this fiscal, sources said.



Other headlines
Tata group market cap surges by 15.58 pc
Govt may lift cap on foreign equity
Indian cos throng Cologne fairs
PSUs post negative growth
Bhel expects to post lower profit
Tata AIG plans cover for IT sector
Interest on old economy stocks pushes up Tata cos market cap by 15.58%