1. The stock markets which were on downward march for the last three days, tumbled to a level last seen on March 6, 2007. The BSE’s benchmark index, Sensex closed at 12,676 by losing further 654 points. Banking index was the worst hit. In bullion market, gold prices scaled to all-time high of Rs.13,680/10gm and silver also followed to close at Rs.26,250/kg.
2. The American distress fund owner Wilbur Ross would invest US$80 million in SpiceJet to keep afloat and also to fund aircraft acquisition.
3. India has the largest number of unsold carbon credits among all carbon markets in the world. According to Green Ventures, India has over 46 million unsold carbon credits.
4. Reserve Bank of India governor hopes to maintain growth at 8% and bring down inflation to 5.5% in six months. However, the central bank is unable to offer any assurances on interest rate cuts in the near future.
5. US FDA is keen to identify areas of collaboration between the two countries The USFDA monitors, regulates and gives permission for drugs. The agency is keen to help with the Indian regulatory infrastructure.
6. Indian IT firm i-flex Solutions will change its name to Oracle Financial Services Software.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment