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Thursday, January 06, 2005

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Sensex crashes, market baffled — 316-point drop intra-day; Nifty loses 71 points
THE charging bull of the past several weeks paused to take a breather on Wednesday. Triggered by a number of factors, international and domestic, the Indian bourses let off steam with the Sensex losing over 316 points intra-day. Though the ... More

Margin calls trigger fall
AN increase in margin payments in the derivative segment of NSE is believed to have triggered a sharp fall in stock prices today. Selling by FIIs in the stock futures segment and `stop loss' of several players being activated also led to fall ... More

Rupee falls
ALMOST in tandem with the fall in the domestic equity market, the rupee dropped by 30 paise in its value against the greenback on Wednesday, its sharpest fall over the past few weeks. The domestic currency fell to 43.85 per dollar before ... More

BSNL says Tata Tele avoiding payment on `Walky' services
AFTER blowing the whistle on Reliance Infocomm's illegal routing of long distance calls, Bharat Sanchar Nigam Ltd has now lodged a complaint with the telecom regulator against Tata Teleservices for avoiding payment of Access Deficit Charges by ... More

4.7% RIL equity: Who will derive benefits?
UNKNOWN owners of four associate companies of Reliance Industries Ltd (RIL) would continue to enjoy the benefits, including voting power, of over 6.5 crore RIL shares until loans the companies borrowed from the petrochemical major are converted ... More

`Anil wanted to distribute 12% equity to RIL shareholders'
THE sibling rivalry between the two Ambani brothers has moved a step further with the younger brother Mr Anil Ambani's camp claiming that he had proposed that 12 per cent equity in Reliance Industries (RIL) held by Petroleum Trust and four ... More

Tsunami claims at Rs 50 cr so far
There were few life claims. There were a handful of claims under property insurance, from a couple of hotels and resorts located on the coast. More

`New patent norms will not impact drug prices'
ONLY 2,488 out of the total of 8,926 mailbox applications filed by companies for patents are request applications for examination while the remaining does not contain requests for examination. Around 7,000 applications are in the ... More

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