Glenmark Generics Ltd, a division of drug maker Glenmark Pharmaceuticals Ltd, has made announcement about the launching of its anti-hypertension drug ‘Perindopril’ in the UK market.

The Ford India Pvt Ltd Company announced an investment of $500 million in India and introduction of a small car by year 2010.

Ford in India sells Ikon, Fusion and Fiesta cars, and the Endeavor sports-utility vehicle. Michael Boneham, president of Ford India Pvt. Ltd. said "The Credit crunch and the lack of confidence has affected in the short-term" however adding that the plans for new models of Ikon "are on track despite the difficulties".

The 30-share index BSE Sensex fell into the negative terrain on account of heavy selling activity in metal and blue-chip stocks.

Oil & gas, auto and IT stocks have edged up a bit from their earlier lows. Metal stocks continue to trade weak, while realty and FMCG sectors too have bounced back from their lower levels.

BSE Midcap and Smallcap index lost 1.42% and 1.96% respectively.

Today, the Indian stock market belled the day after losing 364.98 points at 9,755.03.

Agriculture Minister Sharad Pawar, after meeting the farm ministers from South Asian countries, told reporters that "We have set aside two million tonnes of wheat that will be given to countries which have been asking for it through diplomatic channels".

Although India had banned wheat exports in 2007, analysts say that robust output and higher stocks at government warehouses have enabled India, the world's second-biggest producer, to set aside some wheat for overseas supplies.

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The global financial crisis has taken its toll on the Tourism Industry .At a meeting with the members of the Federation of Hotels and Restaurants Association of India (FHRAI), the Government suggested that hotels slash their tariffs by 10 to 15 Percent.

FHRAI Delegation comprised of 5 members namely Vivek Nair, vice-chairman, Leela Group; Rajindra Kumar, Hotel Taj Ambassador, Delhi; Salim Sherwani, Sherwani Hospitalities Ltd; Dr Sunil Gulati, Uttarakhand Hospitality and Major Harish Sud, secretary general, FHRAI.