Financial Daily from THE HINDU group of publications
Sunday, June 12, 2005
Markets (July 26)
BL 2502331.81 (+6.53)
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US Dollar (Buy/Sell)43.44/43.57
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Govt wary of allowing grocery shops to hawk OTC drugs
THE Health Ministry is concerned about permitting neighbourhood kirana stores to stock over-the-counter (OTC) drugs, even as multinational pharmaceutical companies are pushing for relaxation of norms. The move has been under consideration for ... More

Move to curb advertising of prescription drugs
IN order to curb prescription drugs from being advertised, the Health Ministry is planning to amend the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954. Speaking at a seminar on `Responsible Self Medication' organised by the ... More

Disclosure norms for India Inc may be eased
THE Union Government is keen to provide further relief to the corporate sector in the areas of directors' remuneration, disclosure of particulars of subsidiaries in the balance sheet of a holding company and compliance with disclosure ... More

Infosys may consider share split suggestion
THE Infosys Technologies AGM on Saturday saw shareholders proposing and seconding resolutions, waiving the reading of the auditors' report and even suggesting that the top management gives itself a raise, based on the company's ... More

Wealth management by banks poised to grow
PRIVATE banking is emerging as an important segment of business for some banks and non-banking financial companies (NBFCs) in India. Banks and NBFCs say there has been an increase in the number of private banking or wealth management clients ... More

Govt to consider all stakeholders' interest on board composition norms
THE Company Affairs Minister, Mr Prem Chand Gupta, made it clear on Saturday that the Irani committee's submission that one-third of the board of a listed company should comprise independent directors was only a view of the committee and not that ... More

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