Futures & options (F&O) traders On Thursday sold 3,300 strike put and 3,400 strike call options, pointing that they projected the Nifty to trade between 3,300 and 3,400 in the coming time.

A fresh writing of Nifty put or call options at certain strike prices hints support or resistance levels for the stock Index.

After prolonged illness, the 97-year-old Vishnu Prabhakar, a famous Hindi literateur, died in a hospital in New Delhi on Saturday.

Prabhakar, who’s survived by two sons and two daughters, had been suffering from cancer for last one and half year.

Prabhakar had decided to donate his body to Organ Retrieval Banking Organisation, a division of All India Institute of Medical sciences (AIIMS) at New Delhi for good cause of best use of his corpse for medical research.

Pfizer Inc., the world's leading research-based pharmaceutical company, announced that it has decided to buy additional 33.77% equity stake in its Indian division in order to increase its holding stake to 75%.  

The New York based pharmaceutical major said that it will spend around Rs 6.8 billion on the deal.

The acquirement will be done through Pfizer’s wholly-owned arm, Pfizer Investments Netherlands B.V.

The company seeks to purchase additional stake at Rs 675 per share.

Emphasizing that “Firming up a visa strategy is of utmost importance,” the industry body FICCI has said that in order to achieve the 10-million foreign tourists’ target prior to the 2010 Commonwealth Games, the Indian tourism sector needs to focus on an easy visa strategy, tourists’ security and infrastructural improvements.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Sterlite Industries Ltd stock to achieve a target of Rs 425 within 3-4 days.

According to Karvy, day traders can buy the stock above Rs 402 with a stop loss of Rs 390.

Shares of the company, on Thursday (April 09), closed at Rs 395.85 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 18.79 and 22.20 respectively. The share price has seen a 52-week high of Rs 954.80 and a low of Rs 164.50 on BSE.

In a declaration, John Kenny, Rotary International president-elect said, “Rotary has committed 200 million dollars to polio eradication in the next three years and we hope to see the world free of polio by 2012.”

Kenny, who was in Pune for two-days, made this announcement during a press meeting on Friday.

Kenny also said that all projects backed by Rotary in the zone will never be short of funds and Rotary has committed $200 million to polio annihilation within the next 3 years and wish a polio free world by 2012.