1. BSC sensex remains week. The sensex closed at 16,016, just 71 points lower at the end of Thursday’s trading. Among the sectorial indices, realty and FMCG scripts were the top gainers, by over 2% each, while other indices closed relatively flat.
2. The New York Stock Exchange is keen to increase its holding in Indian exchanges if and when the Indian government relaxes the regulations says Duncan Niederaucer, CEO of NYSE Euronext.
3. The Indian national carrier, National Aviation Company of India (NACIL) is looking for governments equity support to tide over the challenges on the financial front. The company formed by the merger of Air India and Indian Airlines last August had losses of about Rs.700 crores last fiscal.
4. Maruti Suzuki India is waiting to see the response of the market to the Tata car Nano, when it is commercially launched later this year. Meanwhile, Maruti intends to focus on the bigger cars so as to cater to the growing upper middle class. The company rolled out the DZire in Kolkata on Thursday.
5. Union Bank of India has been awarded the prestigious Asian Banker IT implementation award 2007.
6. The Telecom Regulator, TRAI, is doing away with a levy called Access Deficit Charge (ADC). This may result in tele tariff to drop marginally.
7. Kingfisher to fly abroad in August. The low-cost flying Air Deccan is being grounded. Recently, the two airlines merged to form Kingfisher Airlines.
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