1. The first sign of a meltdown in the realty market could be seen in the lack-luster auction of residential and commercial plots at Bandra-Kurla Complex (BKC), Mumbai. Some of the plots didn’t find any takers. Real estate analysts are shocked by the development.
2. Tata Consultancy Services (TCS) opens a 1,000-seat biggest delivery centre outside Cincinnati, US. The company is going to recruit the locals for the jobs.
3. The Information & Broadcasting Ministry is issuing a notification to all broadcasters amending a certain section of the Cable Television Network Rules to stop all forms of surrogate advertising (mainly for alcohol and cigarette brands) by March 17, 2008.
4. The Bombay Stock Exchange sensex loses early gains, but ends up at 14,833, a rise of 24 points. Realty and capital goods segment attracted good support while metal shares came under selling pressure. Gold closed at Rs.13,205/gm and silver at Rs.25,050/kg.
5. IT firms put campus recruits on hold.
6. Federal Reserve policymakers are meeting, which is expected to lead to the biggest one-cut in interest rates since 1982.
7. It is reported that Ford Motor Co is expected to announce the sale of its UK luxury brands Jaguar and Land Rover to Tata Motors. Citigroup and JP Morgan are to help to finance the potential purchase.
8. AT&T plans aggressive return to enter India’s mobile phone industry.
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