Friday, April 4, 2008

Indian Business News – Selected Extracts (04/04/08)

1. Bombay Stock Exchange (BSE) sensex ends flat. The sensex closed at 15,833, 82 points higher. Technology stocks had a good trading session. Power and capital goods were hit the hardest. Gold closed at Rs.11635/10gm and silver at Rs.23,010/kg.
2. BSE would launch trading of sensex-based futures on the US Futures Exchange in Chicago today.
3. The state run power equipment maker BHEL has posted a net profit of Rs.2,815 Cr in 2007-08. Its annual turnover crossed Rs.20,000 Cr mark.
4. US Federal Reserve chairman Ben Bernanke acknowledged that US could reel into recession due to housing, credit and financial crisis.
5. The Thai government had invited investment from car makers to make eco-friendly cars and proposed to give tax benefits subject to certain conditions.
6. Forbes names 48 Indian companies in list of top global firms. The leaders are RIL and ONGC. All these 48 firms have a billion-dollar market value.
7. RIL has submitted an Rs.30,000 Cr proposal for setting up facilities to promote semi-conductor technology. Location is yet to be decided.
8. Indian core infrastructure industries’ (coal, power & cement) growth accelerated to 8.7% in Feb. 2008.

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