Financial Daily from THE HINDU group of publications
Friday, August 09, 2002
Markets (Aug. 8)
BL 2501045.55 (-16.73)
BSE Sensex2950.09 (-59.39)
S&P CNX Nifty953.55 (-15.55)
Dollar (Buy/Sell)48.61/48.74
Gold Std (10 gm)5170 (+70)

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Suspended diabetes drug trials: What's in store?
AS many as 2,500 diabetic patients in over 30 countries were subjected to clinical trials of the controversial anti-diabetic drug. The trials have now been suspended. The drug, DRF 2725, had been licensed to the Danish drug major, Novo Nordisk, ... More

Partners lost faith in Kale: Ferguson
AUDIT firm A.F. Ferguson and Co (AFF) today said that all the partners of the firm had "lost faith'' in Mr Y.M. Kale after an internal inquiry threw light on a "number of issues relating to Mr Kale's past conduct''. Mr Kale, who resigned from ... More

Tata scrips take a beating
LEADING Tata group companies took a hit today on the bourses following reports of the withdrawal of the controversial Ferguson report on Tata Finance as well as the resignation of Mr Y.M. Kale, author of the report and partner in the audit ... More

ICAI seeks DCA advice on probe
THE Institute of Chartered Accountants of India (ICAI) has sought the assistance of the Department of Company Affairs (DCA) to find if there is any ground for inquiry into the alleged professional misconduct by A F Ferguson in l'affaire Tata ... More

VSNL investment: Review panel may seek more time
THE board-level committee of Videsh Sanchar Nigam Ltd (VSNL), which has been formed to review the controversial decision to invest Rs 1,200 crore in Tata TeleServices Ltd (TTSL), is likely to seek an extension of the current deadline of August ... More

Industry optimistic about sales — No drought of cricket for colour TV manufacturers
THE Indian television industry is not losing sleep over the D-Word. Despite the worst drought in 12 years, the colour television (CTV) market is expected to show robust growth and sell over six million sets in the ongoing financial ... More

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