| Petro
cos losing Rs 450 cr a day
|
New
Delhi, May 7:
India's import cost of crude oil has touched an all time high
of $112 dollars a barrel, widening the losses incurred by state-run
petroleum marketing firms to Rs 450 crore a day.
|
| After
Mahatma, it's Bharti-MTN deal for India, SA
|
London,
May 7:
Indian telecom giant Bharti Airtel's acquisition of MTN in South
Africa, if successful, would be the biggest thing to happen
to the two countries since Mahatma Gandhi, says international
business magazine Economist.
|
| Sensex
closes lower by 34 points
|
Mumbai,
May 7:
In the absence of any major trigger, the markets ended almost
flat with the benchmark Sensex closing lower by nearly 34 points
as funds remained major sellers in line with weakening trend
in other Asian markets.
|
| Tata
Power eyes shipping biz
|
Mumbai
May 7:
Tata Power plans to foray into shipping. The company will invest
$500 million through its Singapore-based special purpose vehicle,
TPC Energy Asia, to prepare a fleet of nine vessels to transport
coal from Indonesia to its plants located in the western coast
of India.
|
| Bill
Gates plays down prospects of fresh Yahoo bid
|
Tokyo,
May 7:
Microsoft chairman Bill Gates on Wednesday played down the chances
of a fresh takeover bid for Yahoo, saying the US software giant
would focus on an independent strategy.
|
| GDP
growth pegged at 8.9pc
|
New
Delhi, May 7:
Projecting a much better forecast than those made by the Centre
and the Reserve Bank of India, economic think tank NCAER, said
the Indian economy despite a global slowdown could grow by up
to 8.9 per cent during 2008-09,
|
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