1. The stock markets in India continued to remain weak. BSE’s benchmark index, Sensex closed by losing further 139 points to close at 13,330. Oil prices also remained high near US$144 a barrel. In bullion market, gold declined marginally to close at Rs.13,310/10gm and silver edges up to close at Rs.25,595/kg.
2. Belgian brewer, InBev buys Budweiser of US brewer Anheuser-Busch for US$52billion. The deal, if approved, would be largest in the industry and the third biggest ever foreign takeover of a US company.
3. Indian domestic airlines Kingfisher and Jet hike fuel cess. Now, flying less than 750 km will have a surcharge of Rs.2,350, up from earlier Rs.2,250.
4. India stands behind 40 nations when it comes to industrial competitiveness, according to the report by United Nations Industrial Development Organization. India is behind countries such as Malaysia, Thailand and Malta.
5. US Bush administration is asking for the Congress approval for a sweeping rescue package that would inject billions of federal dollars to save two American home mortgage companies, Fannie Mae and Freddie Mac.
No comments:
Post a Comment