1. The BSC sensex closed yesterday at 15750 points after starting the day with 16163. Today, the market is showing mixed trend and the sensex remained higher through most of the trading period.
2. Bullion market was also down and the gold closed at Rs.11560/10gm and the silver at Rs.22790/kg.
3. Microsoft asked to pay Rs.700 Cr in taxes for the tax returns pertaining to financial years: 1998-99 and 2003-04.
4. The Reliance Anil Ambani Group is planning to enter the commodity trading business by setting up a large exchange in the country. Kotak Group is also thinking on similar lines.
5. Tata Motors to list its shares in Tokyo Stock Exchange.
6. Planning Commission has asked the government to reduce its stake in the public sector banks to 33% from the present level of around 70%. Suggestions were also made to permit foreign investors to own larger share in insurance companies.
7. Rolls-Royce CEO John Rose says that India is powerhouse of global economy.
Power deficit to hit Indian industries further and the industrial production growth is likely to come down to 3.4% between April-July this year.
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