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Japan PM promises to link rupee with yen to boost FDI
In yet another move to increase the flow of Japanese investment into India, visiting Japanese Prime Minister Yukio Hatoyama today assured India’s leading industrialists and bankers to look into the option of directly linking the rupee and yen.

Merck acquires Bangalore Genei
German multinational drug major Merck KGaA has acquired Bangalore Genei (India) Pvt Ltd (BGIP), which specialises in new generation proteomic and genomic research technologies, the cutting-edge study of proteins and organisms. Merck, which acquired the company through its wholly-owned Indian subsidiary, Merck Specialities Private, did not disclose the deal’s size.

News of the day

Novartis gains on plans of Alcon buy
Novartis has ended the day at Rs 572, stronger by Rs 14 or 2.6%, on the BSE.
Management

FIIs net buyers Rs 695cr in F&O on Tuesday

The Foreign Institutional Investors (FIIs) were net buyers of Rs 694.71 crore in futures and options segments on Tuesday. - US markets end flat - Fortis gains on Rs 250cr investment plans - Gammon India slumps on Kota mishap - UTV, Sun erase gains, end flat - Markets near day"s high - Lacklustre trade continues According to the data released by the NSE, FIIs were buyers of index futures to the tune of Rs 540.81 crore and bought index options worth Rs 250.06 crore. However, they were net sellers of stock futures to the tune of Rs 96.16 crore.


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