Friday July 4, 2008

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Anil Ambani eyes 51 pc stake in MTN  

London/New Delhi, July 3:
Seeking to thwart any possible legal challenge from Mukesh Ambani-led RIL, the Anil Ambani group firm RCOM is tying up with some global private equity and sovereign ...
 
Sensex down 722 points, dips below 13K level 

Mumbai, July 3:
The Bombay Stock Exchange benchmark Sensex lost 722 points to dip below the 13,000 level in mid-session trading today, on aggressive selling by major market players.
 
Steel producers to cut prices by 10%  

New Delhi, July 3:
Under pressure from the government, steel industry on Thursday agreed to cut prices of select products by up to 10 per cent and also discourage exports, a move that would help check inflation.
 
Central authority to monitor border trade posts approved 

New Delhi, July 3:
In a move to boost trade with neighbouring countries, government today approved a proposed legislation, for setting up of a central authority for construction and maintenance of land check posts on borders.
 
Truckers' strike enters second day 

New Delhi, July 3:
The ongoing truckers' strike to protest increased highway toll tax and duty structure on diesel entered its second day on Thursday, crippling movement of goods in various parts of the country.
 
Difficult to replace Iranian oil output, says OPEC: Report  

Madrid, July 3:
The Secretary General of the OPEC oil exporting group said that it would be difficult to replace the crude output of Iran if the country was attacked, in comments published on Thursday.
 
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