Thursday, September 25, 2008

Selected Indian business news extracts (25 August, 2008)

Stocks closed in a week note at Mumbai stock exchanges today. The Bombay Stock Exchange’s benchmark index, Sensex closed at 13,547, down by 145.3 points. Nifty 50 closed at 4110.5, down by 50.7 points. In bullion market, gold is being quoted at Rs.13,115/10gm and silver at Rs.20,945/kg. Nymex crude was trading at around 104 US dollar a barrel. Rupee loses further against the dollar. The US dollar was at Rs.46.2.

Singur Nano Plant is being dismantled by Tatas.

Indo-US nuclear deal is introduce in the US House of Representatives.

No food security concern right now in India

The current financial crisis in US and Europe will not affect the developing countries says the World Economic Report prepared by United Nations Conference on Trade and Development (UNCTAD).

US FBI is investigating a possible mortgage fraud in the collapse of banking giants –Fannie Mae, Fredie Mac, Lehman Brothers and AIG – a media report said.

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