Saturday, May 17, 2008

25 Business Capsules


Date : 17th May, 2008

1. Crude oil price reached to a record high of $127.43 a barrel on May 16, 2008.

2. Inflation rate in India was 7.83% for the week ended May 3, 2008.

3. Reliance Natural Resources (RNRL) which is controlled by Anil Dhirubhai Ambani has said that the commercial production of gas from the Krishna Godavari (KG) basin will commence only from 2009.

4. Newly built Bangalore International Airport will become operational from 23rd May, 2008 according to Bangalore International Airport Ltd. (BIAL).

5.Maharashtra Chief Minister has said that the Navi Mumbai airport will be completed by the year 2012.

6. The number of domestic passengers who preferred to travel by air was 38.92 lakh in April, 2008.

7. With 8.39 lakh passengers (21.6%) Jet Airways had the largest number of domestic passengers.

8. Air India carried 5.86 lakh passengers (15.1%) and was at the second position.

9. Consumption of steel in India has increased by 12 %.

10.At present 6.6 million tonnes of steel are being imported in India.

11.Global steel prices have increased by 50-70% in the last six months.

12.Whereas steel prices in India has shot up by 30-50%.

13.Larsen & Toubro (L&T) and GE Energy have entered into an agreement to explore the power generation market of India.

14.Aptara, which is in technology publishing, is for sale.

15.Aptara was the brain child of Rakesh Gupta, a US-based Indian.

16.The company which was established in 1988 was initially known as Techbooks.

17.It was named Aptara in the year 2007.

18.The Aptara deal is pegged to be worth $150 million.

19.United Nations new report says that the world economy will grow by 1.8 % during 2008.

20.Just three months back UN had predicted the growth to be 3.4% for 2008.

21.Export from India has grown by 26 percent (in rupee term) in the month of April, 2008 as compared to April, 2007.

22.In terms of dollar the export has grown by 31 % during the same period.

23.India expects to achieve the export target of USD 200 billion during 2008-09.

24.The core infrastructure industry of India grew at the rate of 9.6% during March, 2008;

25.During March, 2007 it had grown by 10.5 %.


Website: http://www.ebiz16c.blogspot.com

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