1. Inflation at around 7% to stay for a while as the higher global commodity prices which are unlikely to fall in the near future.
2. ArcelorMittal is committed to invest US$25 billion in India.
3. Global M&As cross US$1trillion in 2008. India’s share is about 1%.
4. ONGC to spend US$6 billion to boost oil and gas output.
5. US slump dampens technology major’s results. Tata Consultancy Services report PAT below forecast, up 19% at Rs.5,026 Cr. RIL reported 28% higher net profit in 2007-08. Satyam Computer Services joins the US$2 billion revenue club of India.
6. Crude oil prices hit new high at US$117.40 on Monday.
7. Anil Ambani Group firm Reliance Money joined hands with BSE and the Bombay Bullion Association to launch the country’s first organized bullion trading platform.
8. The BSE sensex closed at 16,739, higher by 258 points. In bullion market gold closed at Rs.11906/10gm and silver at 23,885/kg.
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