1. The Bombay Stock Exchange (BSE) sensex was flat to close at 17,339, down by 34 points. In the bullion market, gold closed at Rs.11,655/10gm and silver closed at Rs.23,020/kg.
2. Endorsing the government’s concern over steel prices contributing to inflation, steel manufacturers decided to reduce prices of flat products by Rs.4000 per tonne and those of rebars and structural steel by Rs.2000 per tonne. Indian rupee slips to Rs.41.36 a dollar on rising US dollar and oil demand. Crude oil closed at US$122 per barrel.
3. Bharti and global telecom industry leaders signed a formal construction and maintenance agreement to build the first direct, high-band width optical-fiber submarine cable system from UK to India.
4. 5-star hotels across India have started reducing rates of foreign liquor by about 30%.
5. India to have over 4lakh dollar millionaires in 10 years as per the report by the Economist Intelligence Unit on behalf of Barclays Wealth.
6. Global carbon market doubles in 2007 to US$64billion. Climate change policies which limit the production of greenhouse gases in rich countries are driving booming global demand for emissions permits.
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