1. The Bombay Stock Exchange (BSE) sensex rose by 113 points to close at 15,808.
In the bullion market, gold closed lower at Rs.11,970 /10gm and silver closed at Rs.23,860/kg.
2. Inflation at 3-year high of 7.41%, with prices of vegetables and pulses continuing to rise. Government is planning to a series of measures to contain the rise in the prices. Government threatens to fix steel prices.
3. Incentives on exports of cement & steel lifted to boost supply in domestic market and to curb inflation.
4. Industrial growth jumped to 8.6% in February as compared to January’s growth of 5.3%. The figure is lower than 11%, a year ago.
5. India okays China airline’s Mumbai and Chennai operations.
6. JK Tyre eyes N. American market. Buys Mexican Tyre maker Tornel for Rs.270Cr.
7. GE has unexpectedly reported its first quarterly profit decline since 2003. Profit from continuing operations dropped to US$4.36billion from $4.93billion last year.
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