1. The Bombay Stock Exchange Sensex succumbs to global slowdown. Enen India is slowing down. Industrial growth in January 2008 dips by more than 50% to 5.3% as against 11.6% a year ago. The sensex came down to 15,357.35, lowest in the last six months. Reliance Energy lost nearly 10%.
2. Gold rates in India climbed to an all time high of Rs.12,965 per ten grams on the bullion market. Oil price is also flaring and is at $109 per barrel.
3. The Insurance Regulatory and Development Authority (IRDA) of India has recently directed public sector insurance companies to cap the premium loading on policy renewals at 75% of the previous year’s rates. However, the companies seem to be not following the directive thus causing avoidable apprehension to the senior citizens who are availing the medical insurances.
4. Glenmark Pharmaceuticals launches arthritis tablets in the US. It is reported that the Nabumetone tablets and Hydrazine Hydrochloride tablets are used in the treatment of arthritis and anxiety in US market.
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