1. The stock markets today: The BSE’s benchmark index, sensex closed at 14,578, down 79 points. Nifty 50 closed at 4395, down by 18 points. In bullion market, gold is being quoted lower at Rs.12,438/10gm and silver at Rs.24,270/kg. Nymex crude oil was trading at just over US$123 a barrel. Rupee was at Rs.42.48 a dollar.
2. British Airways tries again to seal an alliance with its US partner American Airlines within weeks.
3. The state-run MTNL is all ready to rollout its 3G network within three months once the Public Sector Unit gets spectrum from the government, says company CMD. Government sources say only two private players would get the licenses for the 3G network service.
4. In-spite of strong opposition from the Bloc-controlled State Agriculture Marketing Board, Kolkata, Reliance Fresh opens retail mart. However, the outlet will sell only food products and not fruits and vegetables.
5. Reliance Communications starts GSM service in Delhi. It will be the first company in India to offer both CDMA and GSM services.
6. Tata Capital is gearing up to enter the highly competitive but lucrative housing loan business by March 2009.
7. Reliance Infratel is likely to differ it’s IPO plans, reportedly due to volatility in global and Indian capital markets.
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