Sunday July 6, 2008

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World must brace for oil beyond $150 

London, July 5:
Oil's meteoric rise since the start of the year to nearly $150 has distressed consumers and policy makers the world over, but the stark reality is prices are likely to rise higher still.
 
India will be the largest market for WiMAX 

New Delhi, July 5:
India will be the largest market for WiMax in the Asia-pacific region by 2012, with an estimated market share of 35.7 per cent in terms of revenue and 15.8 million subscribers, says a report.
 
FII-TO-FII: Tata Steel traded at 6% premium 

Mumbai July 5:
Trades between FIIs generated a volume of Rs 74 crore on the BSE Friday- a decrease of 69.90% from Rs 247 crore clocked on Thursday. As many as 7 stocks witnessed trades of 42 lakh shares on Friday.
 
Bajaj, Dalmia bids for UP sugar mills rejected 

Lucknow July 5:
The Uttar Pradesh government rejected all the five bids for the ailing Uttar Pradesh State Sugar Corporation mills. The government has set new terms and conditions for the bids and invited fresh expressions of interest (EoIs) by July 17, a senior cane department official said.
 
Bollywood loses Rs 1.5 bn in six months 

Mumbai, July 5:
The year is halfway through, but Bollywood has very little to cheer about. More than Rs 3 billion ($70 million) has gone into making films, but half of the amount sank beyond recovery.
 
Gold at Rs 13,100 on fresh demand 

New Delhi, July 5:
Gold prices rose by Rs 15 to Rs 13,100 per 10 grams on the bullion market on Saturday on fresh demand by retail customers.
 
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