1. India government warns steel and cement companies to against raising the prices so as to contain the inflation. The steel prices have gone up by about 50% in thae past one year. The Finance minister says that the steel and cement companies are forming cartels.
2. The BSE sensex closed at 16,784, 45 points higher. Promoters are increasing their holdings in group companies. In the bullion market, gold closed at Rs.11,900/10gm and silver at Rs.23,595/kg.
3. Makers of consumer appliances have begun hiking prices due to increase in the prices of raw materials like steel.
4. Accenture, one of the world’s largest consulting firms is bullish on India, planning to increase head count by hiring 13,000 people in 2008.
5. Crude oil continues record run, touches US$118 a barrel.
6. Government informs the parliament that more than half of the total number of IPOs listed on BSE and NSE in the last two years, are trading below their offer price.
7. India gets US$4 billion as private equity investments in the first three months of this year, with real estate and infrastructure sectors accounting for a majority share.
8. Hospitality industry to grow immensely in the coming years driven by a huge surge in both business and leisure travel by domestic and foreign tourists.
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