1. US crude oil jumped to record high of US$145. 43 a barrel ahead of US Independence Day on Jul 4, 2008, while London Brent crude oil hit even higher peak of 146.34 US dollars a barrel.
2. India’s mutual fund industry witnessed a 5.9% drop in its assets in June, mainly due to the stock market meltdown.
3. In bullion market, gold prices ended higher on persistent buying by the stockists in view of the strong global advices and weak domestic equity market. Pure gold closed at Rs.13,195/10gm and silver closed at Rs.25,315/kg.
4. The BSE’s 30-shares index, sensex lost 571 points and closed at 13,094. Realty and metal stocks took the beating. It is expected that the markets are likely to bounce-back on Friday.
5. Car makers in India take discount route to bypass slowdown and attract customers to showrooms. Free fuel vouchers and cash discounts are offered.
6. Konkan Railway has for the first time crossed the Rs.500-crore mark in its total earnings in 2007-08.
7. US is the largest consumer of oil. India and China together uses only 12% of the world energy. Whom to blame for the on-going oil price hike?
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