Financial Daily from THE HINDU group of publications
Monday, August 22, 2005

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High market prices affect open offers of MNCs
SEVERAL multinational companies (MNCs) have not been able to increase their stake through open offers and reverse book-building processes, since the market price is much higher than the offer price. In the case of certain offers that are yet ... More

Petroleum Ministry not to intervene in levy of excise on LPG, kerosene
THE Petroleum Ministry has said that it is not going to intervene on the issue of applicability of excise duty on petroleum products, particularly kerosene and LPG. Senior Petroleum Ministry officials said that there is no dispute with the ... More

Finance Ministry agrees to amend tax laws — Fund of Funds to be categorised into equity, debt
THE Fund of Funds (FoF) segment of the mutual fund industry could soon get a boost with Ministry of Finance agreeing to permit categorisation of such mother funds into "equity-oriented" and "debt-oriented" funds for taxation purposes. The ... More

Competition hits me-too brands of Viagra, Cialis
PFIZER Inc's Viagra and Eli Lilly and Company's Cialis are competing with each other neck-and-neck in the US markets. In India too, increased competition, leading to price cuts, has impacted sales of sildanefil citrate and tadalafil (generic ... More

J&J to hold trials for new drug
JOHNSON & Johnson (J&J) is planning to conduct clinical trials of its new dapoxetine hydrochloride, a treatment for premature ejaculation, in India. Health Ministry officials said that the permission was granted last month to the company. . More

Preparations on for issuing national identity cards
For security reasons, the Centre plans to allocate national ID cards with a pilot project of three million cards being rolled out in the next few months. Labelled the National Citizen Card, the pilot project has been approved by the Home Ministry ... More

Oil issue may set the direction
AS was expected, the fresh investments figures by FIIs were down on each day last week and the benchmark indices did not make much headway. Though the overseas funds flow ended the week in the positive territory, the bullish undertone was clearly ... More

Breach of data security is a disaster waiting to happen in India — Use wiping tools, then destroy hard disk drive, say experts
Given the mushrooming of data recovery businesses and the lack of documentation in transactions involving hard disk drives, the breach of hard disk data security is a disaster waiting to happen in India. There is little public awareness about the dat a security implications of the transactions in grey market. More

Rainfall tapering off in north, northwest
RAIN activity seems to be tapering off in the north and northwest India where only isolated wet sessions are forecast for the next 4-5 days, according to model projections by the National Centre for Medium Range Weather Forecasting (NCMRWF). ... More

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