1. The stock markets today: The BSE’s benchmark index, sensex closed higher at 15,073, up by 112 points. Nifty 50 closed at 4517, up by 15 points. In bullion market, gold is being quoted lower at Rs.12,172/10gm and silver at Rs.23,385/kg. Nymex crude oil was trading at just over US$120 a barrel. Rupee was at Rs.42.08 a dollar.
2. The memorandum of understanding (MoU) among Ambani family matriarch Kokilaben, her sons Mukesh and Anil Ambani prior to the split in the Reliance Group is not binding on RIL, says its counsel in Bombay High Court. This legal battle is affecting the sentiments of millions of Reliance shareholders.
3. The impact of the Reserve Bank’s monetary tightening is beginning to show up in home loan rates. The rising home loan rates are hurting customers.
4. Three companies to make AIDS drugs affordable. Cipla has played a lead role in setting the global benchmark for cheaper AID drugs.
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