1. Left parties withdrew support to the UPA government in India today. Other parties are pledging support to the government on the Indo-US nuclear issue.
2. Stock markets gained yesterday. The sensex closed at 13,526, up by 300 points. In bullion market, gold closed at Rs.12,861/10gm and silver closed at Rs.24,900/kg. Today, the sensex was down due to the uncertain political scenario consequent to the withdrawal of support by the left parties to the government.
3. It is boom time for those employed in India’s telecom sector. New telecos are on hiring spree. Even the government employees from telecom sector, are tempted with huge packages and irresistible perks.
4. The relentless rise in oil prices cast a long shadow over the first day of the G8 summit, which brings together the US, Japan, Germany, France, Britain, Canada, Russia and Italy. Oil retreated to around US$143 a barrel on Monday from a record US$145.85 last week.
5. China’s banking authorities granted licenses to three Indian banks to open a branch in China. The three Indian banks are State Bank of India, Bank of India and Bank of Baroda.
6. Daimler-Hero is driving into Chennai for setting up a commercial vehicles plant. The joint venture, involving Rs.3000 crore investment to produce 70,000 trucks a year in the initial phase starting 2010.
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