Quicktakes

Dow hits 10,000

WASHINGTON:The Dow Jones Industrial Average touched a landmark 10,000 points on Tuesday amid a bull fever which experts say is an affirmation of the age of technology.

Tata ruling

MUMBAI:The Income Tax Appellate Tribunal in Mumbai has ruled in favour of Tata Chemicals Limited in their appeal against the Income Tax department which had disallowed a deduction of Rs 86.42 crore claimed by way of interest.

Hiten gets 7 yrs

MUMBAI:Stock broker Hiten Dalal, chief dealer of Canfina Ashok Kumar and seven others were sentenced to seven years8217; rigorous imprisonment by a special court here.

Insurance Bill

NEW DELHI: The last obstacle to opening up of insurance has been removed withthe Union Cabinet clearing a proposal to allow 26 per cent foreign equity in new Indian insurance companies.

PPIL deal

MUMBAI:The MSEB has withdrawn the letter of intent granted to Powerplant Performance Improvement Ltd PPIL in the contentious retrofitting8217; contract issue that has plagued it since 1997.