1. Bill Gates logs out. It is the end of an era. He has retired from the Chairmanship of the company he has created in 1975 – Microsoft. He remains as the world’s richest man in the Forbes list till 2007. His wealth was estimated to be over US$101 billion in 1999. He is married and has three children. We all wish him best of health, wealth and peace in the coming years.
2. The BSE’s 30-shares index sensex took a record fall of 620 points and closed at 13,802. The increasing inflation at 11.42% and the crude oil at record US$142.26 a barrel seem to be responsible for the great fall in the sensex. In bullion market, gold prices spurted on hectic buying to close at Rs.12,750/10gm and silver closed at Rs.24,605/kg.
3. Charitable Trusts can invest abroad through joint ventures and wholly-owned subsidiaries says Reserve Bank of India.
4. India’s first power exchange, Indian Energy Exchange has gone live and received bids for 13,176MWH of power.
5. The Indian real estate player, Unitech plans to dilute 26% in its telecom arm, Unitech Wireless to a strategic foreign partner.
6. Another air-fare hike is in the offing.
7. Banks in India are raising the deposit rates. SBI increases deposit rates by 75 basis points (bps).
8. The US – headquartered auto giant GM’s share plunges below US$12 in NYSE, the lowest in 55 years.
No comments:
Post a Comment