SEBI panel for more quarterly disclosures
COMPANIES will be required to furnish details such as segment-wise revenue, results and capital employed for every quarter from the quarter ended September 30, 2001.

Bharti aims for the sky with its SpiceCell buy
BHARTI'S acquisition of SpiceCell was part of its plans to seek a nationwide presence in the telecom firmament, according to Mr Sunil Bharti Mittal, Chairman & Group Managing Director of Bharti Enterprises.

Brokers unite for trading bandh
DALAL Street, Lyons Range and other bourses are set to face a black Monday on July 23 when stockbrokers across the nation will resort to "work-to-rule" by refraining from trading on their terminals.

HDFC Q1 net up 19 pc at Rs 114 cr
HOUSING Development Finance Corporation Ltd (HDFC) has ended the first quarter of 2001-2002 with a 19 per cent increase in net profit at Rs 114.06 crore as against Rs 95.64 crore in the year-ago period.

Applications pile up at FIPB
THE Foreign Investment Promotion Board (FIPB), which normally meets once every week, has not met for more than a month now. The last meeting was held on June 14. Since then applications are piling up.

Modi Rubber board meeting deferred
THE crucial board meeting of Modi Rubber Ltd convened for today has been deferred indefinitely.

Crisil downgrades IDBI ratings
CREDIT Rating and Information Services of India Ltd (Crisil) has downgraded the outstanding bond issues and the certificate of deposit programme of the Industrial Development Bank of India.

Mascot shuts Pune centre, relocates staff
MASCOT Systems has closed its development centre in Pune and the 60 employees have been relocated in the Bangalore and Chennai centres.

No fresh sale of units: Damodaran
UNIT Trust of India (UTI) is not in favour of swelling the corpus in its troubled scheme, Unit Scheme-1964 (US-64), and instead will focus on improved management of what (funds) is with the scheme. ``There will be no fresh sale of units while consolidati on process is on,'' UTI Chairman, Mr M. Damodaran, said.

Banks tighten purse-strings for States/PSUs
PUBLIC sector banks have tightened lendings to State governments and State public sector undertakings. They are also likely to fix exposure limits on the lines applicable to corporate bodies/groups.

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