The biggest news today, nope, it is not the markets dropping below the 15k mark, rather it is Novartis losing its case in the Madras High Court. Significance of this ruling and the surrounding implications, here.
And yeah, the markets did drop below the 15,000 mark. This is largely expected due to the pressure on the sub-prime housing market in the USA.
In some positive news, manufacturing growth does not seem to be slowing down.
Committee of Seceteries have submitted their proposal in the gas pricing dispute involving the Krishna-Godavari region. This should come as some reprieve to fertiliser companies.
Despite Nandigram, SEZ's investment is happening in some states.
The appreciating rupee has lead to textile exporters seeking more support from the government, meanwhile TCS has decided to focus on clients outside the USA. The company also expects 15-18 deals in the USD50-USD200 million range in the coming months.
Walmart, despite all the opposition has made a grand backdoor entry.
In other news, Maharastra has decided to invest in an LNG terminal in Dhabol.
And it seems like Ratan Tata will have some fierce competition for the 1 lakh.
Finally, the GSM and CDMA players have resolved their disputes over spectrum allocation.
POSCO seems to have had enough of Orissa.
