World Bank officials refuse to be held accountable

New Delhi, Sept.26 : World Bank officials have refused to be held accountable for their policy and project interventions in India as highlighted by the four-day meeting of the Independent Peoples Tribunal (IPT) in the Jawaharlal Nehru University campus here.

Fiscal Deficit Will Be 3% By Next Year: P. Chidambaram

P. Chidambaram

Gujarat High Court gives relief to KDCMMF in Amul Brand Name use case

Amul Brand Case
Ahmedabad: The Gujarat High Court has issued an order that a registered trade name user has the right to disallow others from using its trade for different goods category.

Justice D N Patel announced the decision following a case of Kaira District Co-operative Milk Marketing Federation (KDCMMF) in connection of trademark violation by two local merchants who used their brand name Amul Chasmaghar and Amul Cut Pieces stores.

Zydus Cadila wins USFDA Nod for Hydroxychloroquine Sulphate Pills

Zydus Cadila
Chennai: Cadila Healthcare Ltd has received USFDA approval for hydroxychloroquine sulphate tabs in the strength of 200 mg.

The medicine falls under the DMARD (disease modifying anti-rheumatic drug) section, and is used in caring rheumatoid arthritis.

According to NDC Health, the sales of such pills in the US market in 2006 stood at $30 million.

Saudi Arabia to buy Euro-fighter jets worth nine billion dollars

Nicosia, Sept.26: Saudi Arabia has agreed to buy 72 Euro-fighter Typhoon combat jets from Britain worth almost nine billion dollars.

BSE Sensex crossed 17000, Technology Stocks Strong

Indian Stock markets have crossed the 17000 mark. The markets were strong on back of IT Stock and Reliance. This is the fastest gain of 1000 points by BSE Sensex and Bulls have done this is just one week. Technology, market laggards, also participated in the last lap, driving the Sensex to a record high of 17,025.07 early Wednesday.

During the early trades, the markets jumped by nearly 90 points to be close to 17000 target. Infosys, Satyam Computers, Wipro and ICICI bank were among the gainers in Sensex stocks. Markets soon touched their highest 17,025 points.

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News in Focus

SRF Share Price in Focus After Stock Touches 52-Week High

SRF stock touched 52-week high on Thursday and the stock is currently looking strong on technical charts. SRF has touched 52-week high at Rs 2697 and the stock closed at Rs 2664.

ONGC, HUDCO, NALCO, BHEL, REC and Power Finance Corporation Decline in an Overall Weak Market

Indian markets are witnessing higher volatility this week with market players not sure about the direction for the market.

IREDA Share Price in Focus After Strong Q3 Results: Profit Soars, Fundraising Plans in Focus

IREDA share price declined by 3.4 percent before the public sector energy major announced quarterly results.

Manappuram Finance Share Price Can Reach Rs 205: Motilal Oswal Research

Motilal Oswal has issued a detailed research report on Manappuram Finance, maintaining a "Neutral" rating with a target price of Rs 205, implying a 14% upside from the current market price of Rs 18

Dredging Corporation Share Price Declines 4%; Major Support at Rs 763

Dredging Corporation opened at Rs 833 but started drifting towards intraday low of Rs 806. The stock closed the trading session near day's low and we could see major support around Rs 763.

HDFC Securities Achieves Milestone with Mutual Fund AUM Surpassing Rs 25,000 Crore

HDFC Securities, a leading broking firm, has achieved a significant milestone with its mutual fund assets under management (AUM) surpassing Rs 25,000 crore.