Financial Daily from THE HINDU group of publications
Wednesday, September 21, 2005
Markets (Sept 20)
BL 2502532.11 (-2.84)
BSE Sensex8500.28 (+55.44)
S&P CNX Nifty2578 (+10.90)
US Dollar (Buy/Sell)43.81/43.94
Gold Std (10 gm)6705 (+95)

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Drugs with 70 pc market share to be de-branded: Panel
To impact less than one to two per cent of total formulations

PHARMACEUTICAL companies may have some respite with the Prime Minister's Task Force clarifying that only certain prescription drugs would be de-branded while excluding over-the-counter (OTC) drugs. "The drugs for de-branding would be selected ... More

Sensex crosses 8,500; mid, small cap stocks down
THE BSE Sensex ended at a new high of 8,500 points on Tuesday as liquidity continued to drive stock prices to higher levels, but the upward movement in shares was limited. The momentum of Tuesday's upturn was limited as small cap and mid-cap ... More

BSE, NSE on high alert — All T-group stocks in price band of 5 pc from today
IN a bid to ensure safety of investors in the unbridled bull run, stock exchanges have gone on high alert. They have tightened the price band mechanism to curb abnormal movements in share prices. All trade-to-trade (T-group) and penny stocks have ... More

Hindalco to raise Rs 2,500 cr from 1:4 rights — Plans to invest Rs 12,000 cr in expansion
HINDALCO Industries Ltd announced on Tuesday that it would be raising Rs 2,500 crore by offering one share for every four held by existing shareholders on a rights basis to partly fund its expansion plan. The board would decide the price per ... More

To weed out fraudulent transactions — `Title insurance' may be made mandatory for housing deals
THE trauma of finding oneself at the wrong end of fraudulent property transactions might soon be a thing of the past. Insurance that provides protection against property whose title is not clear could be making its debut in the country ... More

MCX, Chicago Climate Exchange sign pact
THE Multi Commodity Exchange of India Ltd (MCX) and the Chicago Climate Exchange (CCX), North America's multi-sector marketplace for reducing and trading greenhouse gas (GHG) emissions, have signed a licensing agreement. As part of the ... More

International leased line tariff — The core of VSNL's row with the regulator
According to VSNL sources, the company has no control over costs for the undersea cables, which are determined unanimously by the consortium partners. More

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