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Friday, May 12, 2000



Silicon Valley Saga Series


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Sensex plummets to 10-month low, ICE melts again
Stock markets crumbled under the weight of falling global markets with the Bombay Stock Exchange Sensex plunging to a 10-month low.




FIPB clears Wipro, Nicholas Piramal ADR issues
The government has cleared the proposals of software major Wipro and Pharma company Nicholas Piramal to raise Rs 2,795 crore and Rs 430 crore respectively through American Depository Receipts (ADRs).




Rupee wipes out losses
After Wednesday's stunning crash, the Indian rupee staged a surprise recovery on Thursday, wiping out a substantial portion of the previous day's losses on State Bank of India's (SBI) steady dollar sales.




Other headlines

Fall brings rupee closer to "fair value"
Asian shares sent reeling after tech stock hit
MFs raises Rs 18,000 cr
Nirma profits
169 pc jump in MF mobilisation


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