1. India is world’s second largest wireless market with the total number of the subscribers at 261.09 million at the end of March, 2008. The first place goes to China and India has overtaken US to become second largest wireless users.
2. Hindujas Group will invest US$10 billion in various power projects across India in the next 10 years.
3. The BSE sensex closed at 17,126 points with a 405- points gain. The gain was restricted to frontline large-cap stocks. Heavy buying was seen in banking and communication stocks. In the bullion market, gold closed at Rs.11,550/10gm and silver at Rs.22,775/kg.
4. ICICI Bank’s net profit for the year ending March 2008 increased 34% and the bank has declared a dividend of 110% for the year. IDBI Bank also posted higher net profit for the year.
5. Ten years from now, India will have more billionaires than any other country in the world, says a poll by American Business Publication Forbes.
6. Telecom and broadcast regulator Trai has recommended liberalization (up to 49%) of foreign direct investment (FDI) in broadcast sectors like TV, radio, cable and direct to home (DTH).
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