1. Gold demand dips 50% in the first quarter of 2008 as compared to the quarter in 2007. The quarterly world consumer’s demand for the yellow metal is 676 tonnes.
2. Suzlon Energy, the world’s fourth-largest wind turbine maker to trim Germany’s RE power stake. The company plans to double its capacity in China to 1200 megawatts by 2009/10.
3. The Bombay Stock Exchange sensex slips 205 points to close at 17,230. Consumer durables stocks were in demand. Oil price hits record of US$129.58 a barrel. In the bullion market, gold closed at Rs.12500/10gm and silver closed at Rs.23975/kg.
4. It is reported that the fresh WTO proposals for a global trade deal leave India and other developing countries with little policy space to protect their farmers and small industries.
5. RIL may sell gas from its eastern offshore KG-D6 block at price higher than $4.20 per million BTU to sectors other than power and fertilizer.
6. Global cancer drug market is growing fast and is expected to touch US$48 billion this year. Pharmaceutical spending is increasing in emerging economies like India.
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