The stock markets in Mumbai were going strong. The Bombay Stock Exchange’s benchmark index, Sensex closed at 9654.9, up by 492 points. The NSE’s Nifty-50 also closed higher at 2928.2, up by 144.2 points. In bullion market, gold is being quoted at Rs.12,441/10gm and silver at Rs.16,956/kg. Crude prices were volatile. Nymex crude was trading at around 43 US dollars a barrel. The US dollar was at around Rs.50.
A US business daily reported that the former CEO of Vodafone Group, Arun Sarin is among those being considered by board members at Yahoo to take the top job at the internet firm.
Sony Corporation plans to eliminate 16,000 jobs in the largest reduction announced by a Japanese company since the onset of recession world wide and the credit crunch.
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