Friday, August 8, 2008

Business news extracts –India (August 8, 2008)

1.The stock markets today: The BSE’s benchmark index, sensex closed higher at 15,167.8, up by 50.5 points. Nifty 50 closed at 4529, up by 5 points. In bullion market, gold is being quoted lower at Rs.11,919/10gm and silver at Rs.22,414/kg. Nymex crude is quoted at 117.5 US dollar a barrel and the US dollar at Rs.42.10.
2.India hopes to test the first developmental flight of the stealth 5th generation fighter by 2015 says the IAF chief. The fighter aircrafts are co-developed with Russia to fulfill futuristic requirements. The project is expected to cost US$8-10 billion.
3.A 1000 c.c. car to be produced in India by Suzuki for global markets. The car is reported to be unveiled at the Paris Motor Car show in October. The car is expected to replace “Alto” in India in the long run. Maruti will sell the new model. The car promises CO2 emission levels below 109 gm/km.
4.The Coca-cola secret formula is becoming a less secret. The 122 years old recipe shows no added preservatives or artificial flavours. It is reported that a 250 ml (about 85 ounces) has 105 calories or 5% of the recommended daily intake for adults.
5.The Government allots one block of spectrum each to state-run BSNL and MTNL to enable them to roll out their 3G services, ahead of private players.
6.Due to the near-normal rains, demand for power has dropped in industrial areas of Maharashtra, paving way for load-shedding to 24-hour rather than the 40 hours a week.

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