Indian Business News – Selected Extracts (28/05/08)

1. The Vodafone CEO, Arun Sarin announced hid departure from the world’s largest mobile phone company. The exit stuns the market. He claims “accomplished what I set to achieve, particularly in developing and implementing a new strategy”. Aurn has done tremendous job as Chief Executive of Vodafone. The company’s current annual revenue is reported to be record US$35.5 billion.
2. Indian business titan Ratan Tata is named among the 30 world’s most influential business people in construction industry.
3. Indian Peter Scot wins 20-year legal battle to retain its name. The case was filed by Scotch Whisky Distillers Association for cancellation of the registered trade mark Peter Scot.
4. The trading in stock markets at Mumbai ended in red. The BSE ‘s 30-share sensex ended at 16,275, a loss of 73 points. The Indian rupee closed at Rs.42.96 against the US dollar. In bullion market, gold closed at Rs.12,835/10gm and silver at Rs.24,935/kg.
5. The Mumbai airport’s upgradation will open up about 132 acres of real estate in Kurla-Kalina area for retail, commercial and hospitality purposes.