SEBI debars Ketan firms
THE Securities & Exchange Board of India today debarred four stockbroking firms, controlled by Mr Ketan Parekh who is accused in the Bank of India (BoI) pay-order case and now in CBI custody, from undertaking fresh business as a stock broker and merchant banker till further orders.

Rigging in 5 other company scrips
The Securities & Exchange Board of India (SEBI) has found evidence of price rigging by Mr Ketan Parekh in five companies other than Global Trust Bank.

Pointers to IT spending in US
FIRST, the good news: A Morgan Stanley Dean Witter survey of Chief Information Officers (CIOs) in the US has revealed 56 per cent of the CIOs have not yet re-evaluated their IT budget or spending plans within the last month in view of the slowdown and th e stock market decline.

Rajiv Kaul takes over at Microsoft India
MICROSOFT India has announced the appointment of Mr Rajiv Kaul as Managing Director of the company in place of Mr Sanjay Mirchandani, who has now assumed charge as the Regional Director -- South Asia Region of Microsoft Corp.

IBA seeks restoration of TDS limit on time deposits
THE Indian Banks' Association (IBA) has written to the Ministry of Finance seeking a reversal of the decision to reduce the limit for tax deducted at source (TDS) on interest income from time deposits with banks to Rs 2,500 from the earlier level of Rs 1 0,000.

Mind Joggers -- the new card game
WhNT to help your employees sharpen their professional skills in the office, on the shop-floor or at a workshop? Mumbai's Continuing Education & Training Centre (CETC) has launched an interesting tool that makes the task that much easier and can be used effectively even for on-the-job training.

Bharti Enterprises merges 4 group cos -- Picks up BT stake
BHARTI Enterprises has announced the merger of four of its companies - Bharti BT Internet Ltd., Bharti BT V-SAT, Bharti Broadband Services and their holding company Bharti Telespatiale Ltd. - into a single company, to be christened Bharti Broadband Net works Ltd.

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