Thursday, December 18, 2008

Selected Indian business news extracts (December 18, 2008)

The Sensex closes above 10,000 today. Wide-spread gains in all sectors. The Bombay Stock Exchange’s benchmark index, Sensex closed at 10,076.4, up by 361.1 points. The NSE’s Nifty-50 closed at 3060.7, up by 106.4 points. In bullion market, the yellow metal is being quoted at Rs.13,184/10gm and silver at Rs.18,050/kg. Nymex crude was trading lower at around 40.2 US dollars a barrel. The US dollar was at around Rs.47.

More duty cuts expected, says the Finance Minster.

Indian Government is bringing out News Telecast norms. Self regulation is best regulation.

IMS Health, the reference point for global pharmaceutical business data and intelligence, has reported that the annual prescription sales of generics grew by only 3.6% as compared to 11.4% for the corresponding period a year ago.

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