Headlines today:
- Banks cut lending rate by 25 - 50 base points as per Finance minister's proposal - Business Line
- $500 Billion out of $5 Trillion has been eaten up by corruption through out the world. - Business standard
- Centre raises section 41 against the Communist party of India (Moists).But Marxist general secretary Mr.Prakash karat and CPI general secretary Mr.A.B.Bhardhan slams that " Ban on moists will serve no purpose ".
- Swine flu hits count 63
- Global economy shrinks 2.9%
- Indian's among highest visa rule breachers in Australia.Aussie govt to make stringent rules to get visa in aus.More tough english tests and students have to submit proof to prove the funds for their survival during their education.
- Mobile users base will cross 771 mn in India with earlier count 551mn in 2009.
Markets :
- Sensex sheds 76 points
- Rupee on negative side - down by 50 paise
Company & Industry:
- 8.27% dip in sales did not stop Bajaj autos to launch advansed pulsar 220.Thr quoted price is 70,000 says Bajaj Auto Ltd CEO (two-wheelers) S Sridhar.
- Maruthi,the largest passenger car seller in India announced today the launch of CNG operated cars by 2010.The first car to be CNG powered is Alto,the people's car.The cost of fitting the CNG kit is $400.
- Sanjay Karla to be CEO of Mahindra Sathyam.
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