1. Bombay Stock Exchange (BSC) sensex, the 30-share index closed at 15,791, 203 points higher on buying support in heavyweight stocks, especially those of banking, capital goods and metal sectors. In bullion market, gold closed lower at Rs.11,740/10gm and silver closed at 23,475/kg. Stock markets, in general, on Thursday are fluctuating.
2. The telecom department (DoT) is in the process of signing off fresh M&A (Merger & Acquisition) guidelines that will allow new entrants to be acquired by existing operators.
3. IMF projects 7.9% growth for India in 2008, a slip from 9.2% in the previous year.
4. Anil Ambani group firm Reliance Big Entertainment has acquired the digital images business of US based DTS Inc.
5. Venezuela eyes India for refinery-investing in a refining and petrochemicals project with ONGC Videsh.
6. Europe wary of India outsourcing. However, Indian IT companies are looking at Europe as a big market waiting to be tapped.
7. Shipping Corporation Of India, the country’s biggest shipping company has said it plans to buy 40 vessels worth a combined $3.5 billion by 2012.
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