1.The stock markets today: The BSE’s benchmark index, sensex closed higher at 15,117, up by 44 points. Nifty 50 closed at 4524, up by 6 points. In bullion market, gold is being quoted lower at Rs.12,166/10gm and silver at Rs.23,367/kg.
2.Fuel crisis at Dabhol Power Plant: The plant which is supposed to generate 2150 MW will now mange only 300 MW after its gas supply is curtailed. The power plant is owned by Ratnagiri Gas and Power private Limited needs 5.40 million standard cubic meters of gas per day to run two of its operational plants. Why not the Power Ministry ensure that the gas supplying agency, Petronet LNG Limited supply the required amount of gas so as to augment the existing pathetic electricity supply situation in Maharashtra, particularly Navi Mumbai?
3.Diesel “rationing” across the country has started affecting business, particularly transport business in a big way. The scarcity and delay in transportation of goods will further rise in the cost of commodities, and ultimately, the harassed consumer has to bear the higher costs.
4.Public sector oil marketing company, BPCL is to set up first solar photovoltaic power project of 1MW capacity in Punjab. Better late than never.
5.Bharat Forge has emerged as the world’s largest forging company with a forging capacity of 700,000 tonnes per year. The company seems to be looking at the forgings requirements of the power industry, particularly nuclear power sector, post Indo-US nuclear deal.
6.Drug price regulator, National Pharmaceutical Pricing Authority (NPPA) revised prices higher to the tune of 3-12%, of six bulk drugs used in manufacturing of popular medicines. The bulk drugs include Vitamin E Acetate, Ranitidine HCl, Parachlorometaxylenol, Mettronidazole and Cefotaxime Sodium.
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