Corporate
RESULTS
MUMBAI: Tata Finance Ltd (TFL) has registered a rise in net profit from Rs. 10.37 crores to Rs. 13.70 crores for the quarter ended December 31, 1999, an official release said.
Show-cause notice to GDDC on change in management
THE Board for Industrial and Financial Reconstruction (BIFR) has directed Gujarat Dairy Development Corporation Ltd (GDDC) and its promoters to show cause as to why the operating agency (OA) should not be directed to initiate the process of change in man
agement by issuing an advertisement.
DSE installing new LAN for Net trading
THE Delhi Stock Exchange (DSE) is installing a new local area network (LAN) with a capacity of 48 gbps as a first step towards starting Internet trading at the bourse. A decision to this effect was taken at a meeting of the DSE board of directors on Febr
uary 1.
CLB formulates repayment scheme of Kuber Mutual
THE Company Law Board (CLB) has directed Kuber Mutual Benefits Ltd to repay the depositors' money based on a formulated repayment schedule.
Miscellaneous
Consensus: The name of the game
IF you are known for ``having people for breakfast'', are you the man (or woman) of the New Age? Certainly not, according to Prof. Edward Bergman, Wharton School of Business. He states that corporates are redefining the concept of `self-interest'. The co
llaborative effort to reach a consensus decision is what will prevail in the new times.
`Financial services sector has to instil confidence'
THE Indian primary market is likely to end the current fiscal with issues worth more than Rs. 10,000 crores as compared to Rs. 4,000 crores in the previous year, Mr. D.R. Mehta, Chairman, Securities and Exchange Board of India (SEBI), said.
Mutual Funds
Sun F&C plans scheme for undervalued scrips
SUN F&C Mutual Fund is set to launch a new scheme aimed at investing in undervalued companies, with focus on those that are going through a business recast / M&A phase.
Libra Leap to go open-ended
LIBRA Leap, the close-ended equity scheme acquired by Creditcapital Asset Management Co when it took over HB Mutual Fund, is going open-ended from February 11. The move is in tune with Creditcapital's plans to consolidate its position further in the mutu
al funds business.
Stocks
NSE set to launch Web-based model for unlisted stocks
NSE.IT, the wholly-owned subsidiary of the National Stock Exchange (NSE), is all set to unveil a Web-based business model for unlisted securities.
