Equity funds turned to banking, steel in Sept
EQUITY funds were sellers in September. They have also continued to sell heavily in the month of October. They, however, did not sell across-the-board in September. Equity funds have been selective in their stock picking and, in particular, ...
EPFO settling claims at interim rate of 8.5 pc Subscribers to lose if rate hiked later
THE Employees Provident Fund Organisation (EPFO) is settling claims of subscribers who have been closing their accounts since April this year, assuming the interim rate of 8.5 per cent to be the final rate. This may lead to losses to the ...
BSNL cuts phone charges for Internet users
BHARAT Sanchar Nigam Ltd has slashed telephone line charges for Internet usage. The BSNL Chairman and Managing Director, Mr A.K. Sinha, announced the cut at the inauguration of direct link international long distance services to Sri Lanka, ...
After Rofecoxib ban, other drugs on watch list
FOLLOWING the Government's decision to ban Rofecoxib (an anti-arthritis drug), just weeks after Merck voluntarily withdrew its branded version Vioxx, the Health Ministry plans to review the status of drugs that were previously banned or withdrawn ...
Congress-NCP combine set for another term
THE ruling Congress-NCP combine seems all set to retain power in Maharashtra. The combine has clinched 139 seats in the 2004 State assembly elections, falling six short of the magic number of 145. This, even as informal pre-poll alliances ...
Bank credit up Rs 16,655 cr
BANK credit for the fortnight ended October 1, 2004 surged by Rs 16,655 crore to Rs 9,35,905 crore. Food credit grew by Rs 449 crore to Rs 38,638 crore, while non-food credit witnessed a jump of Rs 16,206 crore as it moved to Rs 8,97,267 ...
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