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Wednesday, April 28, 2004

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Sensex sinks on poll forecast — Loses 213 in heaviest fall in 3 years
THE BSE Sensex fell more than 200 points - the hardest single-day fall in over three years - today after opinion and exit polls conjured up visions of political instability at the Centre. The approaching expiry of April futures and ... More

Rupee drops, G-secs down
TUESDAY'S exit poll tremor was not limited to the equities market. The rupee lost 13 paise against the dollar in the local forex market while bond prices fell by over Re 1 in the long-dated papers. Dollar inflows were limited amid heavy demand ... More

`Star struck' MFs look to team-based initiatives
THE `star' fund manager is on the descent, if HR consultants and asset management companies are to be believed. The mutual fund industry has been rocked by the news of some high-profile exits over the last two to three months and some of these ... More

Broadband norms to be released tomorrow
THE Telecom Regulatory Authority of India (TRAI) will present its guidelines for the broadband sector on Thursday. The guidelines were expected to increase Internet penetration in the country and spur private sector investment in the sector, ... More

Ranbaxy gets FDA clearance for hypertension drug
RANBAXY Laboratories has received approval from the US Food and Drug Administration (USFDA) to manufacture and market Fosinopril Sodium tablets in 10 mg, 20 mg, and 40 mg strengths used mainly for treatment of hypertension. The Office of ... More

Oilseed prices at 10-year high in global market on lower crop
GLOBAL prices of oilseeds, particularly soyabean, have increased steeply and hit a 10-year high. According to Mr S. Sivakumar, Chief Executive of ITC International Business Division, the prices have gone up, as the crop output was lower in South ... More

Infosys to pay freshers better
CLOSE on the heels of achieving the billion-dollar-mark, software major Infosys Technologies has effected a marginal salary hike for its campus hires. The company has revised upwards the entry-level salary by Rs 1,000 per month to Rs 15,000 per ... More




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