
Friday, August 13, 1999
Rumours of deal with Bayer propel Ranbaxy shares
Ranbaxy scrip on Thursday continued its northward climb, backed by rumours of a double digit royalty deal with Bayer for the new drug delivery system for ciprofloxacin developed by the Indian company.
Panel sets investment limits for mutual funds
The B G Deshmukh committee has recommended restrictions on investments in debt securities by mutual funds. At present there are no restrictions on the investments made by funds in debt instruments.
Amazon, Value America among Infy's 19 new clients
Amazon.com and Value America are among the new clients of Infosys Technologies. These leading internet companies figure in the list of 19 new clients Infosys has added to its books during the quarter ended June 30, 1999.
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