1. After Tetley & Corus, Tatas bag luxury auto brands, Jaguar and Land Rover, the icons of British luxury for US$ 2.3 billion. With $104 billion, India is now the second largest source of foreign investment in the UK. Ratan Tata is the descendant of Jamshetji Tata, who was the first Indian to own a car in the year 1901.
2. US gives more time to India on nuclear deal. The US legislative calendar can still accommodate the final vote on the deal in late summer.
3. Denmark’s example to reduce carbon emissions. Tax the industrial emissions of carbon and return the revenue to industry to subsidies for research and investment in alternative energy sources, cleaner burning fuel, carbon-capture technologies and other environmental innovations.
4. A California aerospace company plans to enter (by 2010) the space tourism industry with a two-seat rocket ship (Lynx) capable of suborbital flights to altitudes more than 59.5 km above the earth.
5. BSC sensex closed at 16087 points. The intraday high was 16294.
6. ONGC and Hindujas may ink multi-billion dollar pact for developing oil and gas fields in Iran.
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