1. Despite the Left parties withdrawing support to the ruling Indian government, sensex dips just 176 points and closed at 13,050. Trading sentiments improved after the Samajwadi Party stepped in to support the Congress after the Left parties exited the coalition. Among the sensex stocks, ACC was the top gainer. The upward continued today also. In bullion market, gold closed at Rs.12,920/10gm and silver at Rs.24,945/kg.
2. Ambani brothers head for legal battle over right of first refusal in case Anil Ambani sells his shares to South African telecom giant MTN.
3. German industrial conglomerates Siemens plans to cut around 16,750 jobs (4%) as part of an overhaul and as a result of global economic downturn..
4. Indian Prime Minister got support from G8 countries for fis proposal for a forum to set up a dialogue between the oil producers and consumers to stabilize soaring oil prices. This rising price of oil he said is a serous threat to world economic growth.
5. Businessmen in Europe and Gulf find India as a top investment hub as per the report of a survey of 800 investors. China comes in as close second.
6. The US Federal Reserve is planning to issue new rules to restrict exotic mortgages and high-cost loans for people with weak credit.
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