1. BSE’s benchmark index, Sensex closed on a weak note by losing further 456 points to close at 13,470. Oil prices closed at a record level of US$147 a barrel. In bullion market, gold bounces back to close at Rs.13,170/10gm and silver edges up to close at Rs.25,300/kg.
2. Reliance Money, the financial products distribution arm of the ADAG is acquiring a 26% stake in Ahmedabad-headquartered National Multi-commodities Exchange for an undisclosed amount of money.
3. According to the Wall Street Journal Asia, IT majors Infosys, TCS and WIPRO have emerged as the three most admired companies in India.
4. Inflation shows no sign of reversing its rising graph, touching 11.89% for the week ended June 28. The government is wary of tighter RBI measures to squeeze liquidity out of the market.
5. The national Security Advisor is supervising the discussion to find a solution to the controversial BlackBerry Services, over which agencies have raised serious security concerns.
6. India’s sovereign interests, including in the strategic nuclear field are protected in the draft IAEA safeguards agreement. It is also ruled out putting fast breeder test reactors under the IAEA safeguards. The country’s strategic (nuclear) program is totally insulated and the pact is in India’s interests, says the negotiating team.
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