1. The BSE’s 30-shares index, sensex plunged below 13,000 mark, and closed at 12,962, for the first time since April 5, 2007. The sensex took a fall of 500 points. It has lost a whopping 1,460 points in the last three trading sessions. It moved out of the coveted trillion-dollar stock market league.
2. The US dollar is gaining against Indian Rupee breaching 43-rupee mark and closed at Rs.43.27 ruppee a dollar. In bullion market, gold prices moved further up to close at Rs.12,965/10gm and silver closed at Rs.24,750/kg.
3. The Indian National Action Plan on Climate Change mandates setting up of energy benchmarks for each sector and allows trade in energy saving certificates. This is to cerate a market-based mechanism to enhance cost effectiveness of improvements in energy efficiency.
4. India’s export growth slipped to 12.9% in May this year from 18% a year ago. The export growth has also taken a hit from slowdown in the US and European markets, which account for about 40% of India’s exports.
5. Hyundai reported a robust rise in the passenger car sales by 34% in June 2008. Auto leader Maruti Suzuki India reported a 2.22% rise in total vehicle sales during the same month.
6. International Energy Agency (IEA) flays Indian government for granting export unit status to Reliance Industries Limited refinery existing at Jamnagar, Gujarat.
7. CIPLA gets approval from US FDA for AIDS drug zidovudine syrup.
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