1. In a sudden development, the non-executive Chairman of the Board at Bombay Stock Exchange and a Director on the board have resigned from their respective posts. The reason reported to be: micro-management of the BSE operations by some members.
2. Honda drives in India’s first hybrid car, Civic sedan with a price tag of Rs.21.5 lakh in Delhi. The petrol-electric car will be more environment-friendly and fuel-efficient.
3. Stock market’s slide returns. The Bombay Stock Exchange (BSE)’s sensex closed at 15, 422, losing 275 points. In bullion market, gold gains further to close at Rs.12,285/10gm and silver at Rs.24,230/kg.
4. Telecom solutions provider Tata Communications plans to acquire 50% stake in China Enterprise Communications (CEC) for an undisclosed amount.
5. Vijay Mallya’s UB Group has developed the technology to manufacture diet whisky and vodka in India, for which US patent was granted.
6. Ambanis trade charges over the right of refusal on the on-going merger talks of Rel. Comm with African telecom major, MTN.
7. Pfizer and Ranbaxy end Lipitor row. The agreement between the pharma majors settles the 5-year patent litigation world-wide on the cholesterol drug lipitor.
8. Indian Oil Minister compliment Saudi Arabia for its decision to increase oil production by 300,000 barrels per day to calm global crude prices.
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