The Telegraph
Since 1st March, 1999
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Business Briefs

Sebi alert on stock rally

Mumbai, July 15: Amid the current rally in stocks, which has seen the sensex vaulting to 25-1/2-month high, the Securities and Exchange Board of India (Sebi) today cautioned retail investors against falling prey to the “hype and hoopla” about investment in equity and equity oriented instruments. “Investors should not get carried away by the hype created by certain individuals. They should collect information, analyse it and take a decision, for which they are accountable,” said Sebi chief G. N. Bajpai.

Sify cuts loss

Calcutta, July 15: Sify Ltd today reported 51 per cent decline in net loss at $ 4.46 million during the first quarter ended June 30 this year compared with $ 9.18 million in the corresponding previous quarter. Sales revenue rose by 49 per cent to $ 12.95 million ($ 8.71 million).

Cadila net up

Mumbai, July 15: Cadila Healthcare Ltd has posted a 32.59 per cent rise in net profit at Rs 25.59 crore for the first quarter ended June 30 this year, compared with Rs 19.3 crore year-on-year.

Drug prices

New Delhi, July 15: Formulations of vitamin E, Erythromycin, Cefotaxime, Predinsolone have become cheaper in the range of 0.26 per cent to 61.92 per cent following a price revision by the National Pharmaceutical Pricing Authority.

Trade pact

New Delhi, July 15: India has warned the western nations that the proposed multilateral agreement on investment within the World Trade Organization could stall the Cancun talks.

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