1. Bombay Stock Exchange (BSC) sensex, the 30-share index ended up by 414 points on Monday to close at 15,757 points. Among sectorial indices, banking and FMCG (HUL, ITC) were the top gainers. Ranbaxy rose by 5.6%. The company is making inroads into the shareholders books of the Orchid Chemicals. In bullion market, gold closed higher at Rs.11,860/10gm and silver closed at 23,810/kg. Stock markets, in general, on Tuesday are down.
2. Market regulators, SEBI is considering measures to smoothen the procedure of cross-listing of companies in India and abroad, its Chairman, C.B. Bhave said.
3. Exports of hosiery from the textile hub, Tirupur in South India drops by 10%, first time in the past three decades.
4. European regulators allow mobile phone use on planes throughout EU airspace.
5. Novaratis AG to buy Nestle AG’s 77% stake in US company Alcon for US$39 billion.
6. Major IT firms are expected to post decent revenue growth for the fourth quarter of fiscal 2007-08 due to rupee depreciation against the dollar.
7. Internet icon Yahoo is looking for a better than US$41billion buyout offer from Microsoft.
8. Godrej to enter women’s hygiene market through joint venture with Sweden-based SCA Hygiene Products AB.
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