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Since 1st March, 1999
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Business Briefs

Stock rally snaps

Mumbai, June 3:The four-day rally on markets snapped today with the BSE sensex falling to the fears of a delayed monsoon. The 30-share index closed at 3181.97, a decline of 24.41 points from Monday’s finish of 3206.38. Earlier in the day, it had vaulted to an intra-day high of 3214.33 but lost steam after the weatherman said rains could be more than a week away.

Britannia plan

Mumbai, June 3:The board of Britannia Industries Ltd will consider a proposal to buy back equity and approve the accounts for financial year 2002-03 at its meeting on June 10.

Intel chief visit

New Delhi, June 3:Paul S. Otellini, president and COO of Intel Corporation, will visit India on June 9 to discuss the country’s potential role in global information technology and communications economy.

Fiscal deficit

New Delhi, June 3:The Centre has been able to restrict its fiscal deficit within the revised estimate of Rs 1,45,466 crore, which worked out to 5.9 per cent of the GDP for the last financial year.

DCA guidelines

New Delhi, June 3:Detailed guidelines on sweat equity and preferential allotments for unlisted companies are likely to be finalised soon, but norms for employee stock options will have to await passage of the Companies (Amendment) Bill 2003, said DCA secretary V. K. Dhall.

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