1. Betting on bull-run: Financial analysts expecting that the Indian stock markets are going to rise this week if the UPA government wins the trust vote on Jul 22, 2008. Markets may see a surge of not less than 1,500 points if crude price and inflation remains stable. It is presumed that the UPA government without the Left parties is good for the business to prosper.
2. Luxury cars from Tatas: Indian auto major, Tata Motors is gearing up to the rich clients with new models of its newly acquired luxury brands Jaguar and Land Rover priced in excess of 1 lakh pounds. It is reported that in-spite of the fuel price rise and credit crunch, the global sales of luxury cars are not affected.
3. US-FDA offices in India: For efficient inspection of drug production, the American Health Regulator, US-FDA is looking to set up offices in different parts of India.
4. The stock markets today: The BSE’s benchmark index, Sensex closed higher at 13,850, up by 214 points. Nifty 50 closed at 4159, up by 67 points. Banking stocks were up. In bullion market, gold price was at Rs.13,275/10gm and silver was quoted at Rs.25,615/kg.. Oil prices are going down and the Nymex crude oil was trading at US$130 a barrel. The rupees to a dollar were at 42.67. Because of the political jitters, INDIA Inc looked unsure post- 22/07/08. PM moves the trust vote.
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