Re plunges to 45.17
ALL the King's men and all the King's horses were unable to prevent the rupee falling like Humpty Dumpty from atop the wall to its lowest level at 45.17 to the dollar today.

Q1 exports up 28%, tops $10 b
THE first quarter export performance is upbeat with exports during April-June logging a growth rate of 28 per cent in dollar terms and crossing the $10-billion threshold at $10,194.3 millions as compared to $7.9 billions ($7,986.28 millions) in the corre sponding quarter of 1999-2000.

Fiscal deficit down 25% in first quarter
THE country's fiscal deficit during the first quarter ended June witnessed a 25.18 per cent decline on the back of higher revenue receipts and a sharp decline in non-Plan expenditure. In absolute terms, fiscal deficit stood at Rs. 25,073 crores during Ap ril to June as against Rs. 33,512 crores in the corresponding period last year.

`Kidnap' hurts Software
THE two-day bandh in Bangalore in the wake of Dr. Rajkumar's abduction has caused the software industry here an estimated loss of Rs. 100 crores.

Bajaj Auto gears to trim workforce more
TWO wheeler manufacturer, Bajaj Auto, is undertaking a major exercise to cut workforce, and has announced comprehensive voluntary retirement schemes for its managerial and supervisory staff.

SUS 99 equity portfolio depreciates
THE Special Unit Scheme (SUS) 99 of the Unit Trust of India, launched last year as part of the bail-out package for the US-64 scheme, has reported a depreciation in its equity portfolio of Rs. 2,003 crores at the end of June 30 this year.

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