Vol XXXVI (No. 9), 08 Sep 2008  

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21. Indo-US Nuke Deal in doldrums, Left Adament
MIL/Agencies    Jun 21, 2008    Author: IR Summary

New Delhi/Srinagar: June 21: IR Summary - Congress led UPA Govt. has got another warning from Left that they should not take any step unless they get their approval and that looks to be impossible, the Govt. would have no other option but to go for the deal and for that how much risk Manmohan Singh and Sonia can take, it is up to them.

22. Stocks rise, but traders cautious ahead of inflation
MIL/Economic Times    Jun 20, 2008    Author:

Mumbai: June 20, 2008 - Stocks opened higher on Friday tracking advances in certain East Asian markets on account of a drop in crude oil. But dealers warned the rise may be short lived as the market awaits inflation data expected around noon.

23. Reliance Giants in fighting mode
MIL/Agencies/moneycontrol    Jun 16, 2008    Author:

Mumbai, India: June 16, 2008 - The two great Giants born of the same mother are to go for another round of fight between them. This fight is between the Ambani Brothers over Reliance Communications’ possible deal with MTN may get murkier this week.

24. Vietnamese War 1974 - McCain blamed American Foreign Policy
MIL/NYT    Jun 15, 2008    Author: David D. Kirkpatrick

June 15, 2008 -, IR Summary/NYT - John S.McCain III blamed American politics, its foreign policy, he wrote in 1974 essay submitted to the National War College but never released to the public. Prisoners who questioned “the legality of the war” were “extremely easy marks for Communist propaganda,” he wrote. What were his views on American Foreign Policy propaganda,” he wrote. What were his views on American Foreign Policy?

25. US asks India to take tough stand to conclude N-deal
MIL/Agencies/PTI Input    Jun 14, 2008    Author: IR Summary

Washington, June 14, 2008 – IR Summary/Agencies - The negative attitude of left party in India has put the Indo-US Nuclear deal in cold water and despite Manmohan Singh’s best efforts, no concrete results look to be in sight. The time is running out and the US has asked India to go for some "tough choices" to make the deal through.

26. 50,000 jobs lost in US due to raising Oil Price
MIL/NYT    Jun 7, 2008    Author: Peter S.Goodman

June 7, 2008 – The unemployment rates in US are swelling and in May it surged from 5 to 5.5 percent, which is considered the sharpest monthly spike in 22 years. The economy, in fact, has lost around 50,000 jobs, registering a fifth consecutive month of decline, the Labor Department reported today.

27. UPA Govt under fire, swallows bitter oil pill
MIL/HT    Jun 5, 2008    Author:

New Delhi: June 5, 2008 - It was never going to be easy. A 10 per cent hike in petrol and diesel prices would hurt, and there was no way to sweeten it. It’s a tradeoff between the country’s long-term economic interests and the hit consumers take today.

28. Sensex slips 100pts; Reliance Infra down 4%
MIL/BS Reporter    Jun 3, 2008    Author:

Mumbai: June 3, 2008 - The Sensex opened with a negative gap of 211 points at 15,852 owing to weakness in global markets.

29. No plans of merging Bajaj Auto Fin with us: Bajaj Finserv
MIL/Moneycontrol.com    May 22, 2008    Author:

May 22, 2008 - Sanjiv Bajaj, MD, Bajaj Finserv & Investments said that there were no plans of mergeing Bajaj Auto Finance with the company. He also said the life insurance business continues to be the second largest in the private sector with a market share in excess of 7%, which has grown from 5.7% last year. "The business continues to grow in access of 50%, at more than twice the average growth rate for the industry."

30. Market opens negative
MIL/myiris.com    May 21, 2008    Author:

May 21, 2008 - The 30-share index, BSE Sensex extending yesterday fall, opened with a negative gap of around 164 points following global cues. Sensex opened at 17,065.61 against the yesterday`s close of 17,230.18.

31. Inflation soars to new high at 7.83%
MIL/NI    May 17, 2008    Author:

May 17, 2008 - It is a dark cloud for the United Progressive Alliance (UPA) government in the election year as despite of several measures to rein the inflation; it is continuously surging to new height. The recent Wholesale Price Index (WPI) has reported that inflation has reached to a near-four-year high of 7.83 per cent for the week ended May 3 as against last year’s 5.

32. Oil firms plan freeze on new LPG connections: reports
MIL/IINS    May 17, 2008    Author:

Mumbai: May 17, 2008 - Oil PSUs have also threatened to impose LPG quotas per family and suspend diesel imports to cushion themselves against record high crude oil prices.

33. Sensex up 86pts; HDFC Bank up 1.9%
MIL/BS Reporter    May 16, 2008    Author:

Mumbay: May 16, 2008 - The Sensex opened 123 points higher at 17,476 points. It is now trading at 17,440 points, up 86 points. The Nifty is up 11 points to 5126.

34. Bharti Airtel talks shift to full takeover of MTN
MIL/ET/PTI    May 15, 2008    Author:

New Delhi, May 15, 2008 - India's number one mobile operator Bharti Airtel's negotiations with South African telecom major MTN is now headed towards complete take-over by the former, media reports said.

35. Nifty futures end in discount as investors go short
MIL/ET/TNN    May 10, 2008    Author:

Mumbai: May 10, 2008 - Concerns over rising domestic inflation coupled with weak global cues weighed down heavily on Indian stocks on Friday. Frontline banking, realty and oil & gas stocks were the worst hit as inflation rate came in higher at 7.61 per cent for week ended April 26 against 7.57 per cent earlier.

36. Bharti to build Europe India Gateway cable
MIL/BS Reporter    May 7, 2008    Author:

May 7, 2008 - Telecom major Bharti Airtel will be the only Indian service provider to be part of a consortium of 15 global telecommunications majors that will build the Europe India Gateway (EIG) cable system with a project cost of $700 million, the company announced today.

37. Sensex surges 274pts; HDFC rallies 4%
MIL/BS Reporter    Apr 29, 2008    Author:

Mumbai: April 29, 2008 - The Sensex has extended gains after the Reserve Bank of India in its annual credit policy left repo rates unchanged. The index is now up 274 points at 17,290.

38. Sensex down 52 points @ 13:30 hrs
MIL/Sify.com    Apr 28, 2008    Author:

April 28, 2008 - Stock specific buying remains the order of the day on the major Indian bourses today. Amid alternate bouts of buying and selling in blue chips, the Sensex is down in the red 17,074.19 (down 51.79 points or 0.3%). The Nifty has posted a loss of 6.60 points at 5105.10.

39. Sensex up over 200 pts @ 11:58 hrs
MIL/Sify.com    Apr 25, 2008    Author:

April 25, 2008 - After moving in a tight range band for around an hour, the benchmark indices Sensex and Nifty have surged higher thanks to a slight thrust in buying momentum now.

40. Mkts: Blue chips drift lower; Sensex pares gains @ 14:21 hrs
MIL/Sify.com    Apr 24, 2008    Author:

April 24, 2008 - Due to a strong round of selling in some blue chip stocks, the Sensex has given up its gains and dropped down to around its previous closing mark now.

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