1. Sensex in Bombay Stock Exchange (BSE) gained 81 points to close at 17,435. Buying was strong in banking stocks. Crude oil price rose above US$127 a barrel. In the bullion market, gold prices rallied on persistent buying and closed higher at Rs.12,225/10gm and silver closed at Rs.23,760/kg.
2. Inflation shoots to a 44-month high of 7.83%. Finance Minister warned more of administrative steps to contain the inflation.
3. Faced with a whopping revenue loss on fuel sales, state-run oil companies have decided not to issue new domestic LPG connections.
4. Hyundai plans to launch US$3,500 car in India by 2012.
5. Tata Teleservices is selling 49% stake in Wireless Tata Telecom Infra (13,500 towers) to Quippo Telecom Infra, an independent tower company.
6. Vodafone to acquire Danish firm ZYB, which operates a social networking site focused on mobile phone users for about 31.5 million Euros.
No comments:
Post a Comment