It was 'Black Friday' at the bourses all over again. Stock prices crashed across the board on the stock exchanges on Friday as panic selling by FIIs mainly in new economy stocks pulled down the benchmark 30-share BSE sensitive index by a whopping 176.5 points. The soft drinks industry has joined other industries in passing on the benefit of excise cut to consumers with Coca Cola and PepsiCo India announcing price cuts on Friday. In what is seen as a major victory for New Delhi, the WTO appellate body has upheld India's appeal against the EC for imposing definitive anti-dumping duties on cotton bed linen exports.
Gene wins over chip VCs continue to make a beeline for India.
But their area of focus has shifted from dotcoms to the fastest growing segments in the country today biotechnology and telecommunication. This entire edition is compiled in Mumbai by The Indian Express Online Media Limited, a division of The Indian Express Group of Newspapers. Managed by The Indian Express Online Media Limited and hosted by CerfNet.