Nokia to sell $25,000 Ferrari phone The luxury unit of Nokia has started selling a phone designed jointly with Ferrari for about 18,000 euros ($25,400) at its stores in London, Paris, Hong Kong and Singapore, it said on Thursday. 28 Sep 2007
2.
Microsoft's $500 million offer for 5 percent stake in Facebook makes good business sense: Analysts Software giant Microsoft is reportedly in talks to buy a 5 percent stake in Facebook for $300 million to $500 million – a deal which, if successful, would value the 3-year old Palo Alto, California-based social networking website at about $10 billion, but, adds analysts, makes good business sense. 27 Sep 2007
3.
Moser Baer to set up $500 million solar photovoltaic fabrication facility in Chennai India's leading optical storage media manufacturer Moser Baer India has announced that it has zeroed in on Chennai, the capital of the southern state of Tamil Nadu, to set up a $500 million (Rs. 2,000 crore) solar photovoltaic (PV) fabrication facility. 23 Sep 2007
4.
Sensex scales new peak, ends above 16500 The Bombay Stock Exchange (BSE) benchmark 30-share sensitivity index, the Sensex, scaled a new peak on Friday, September 21, touching an all-time intra-day high of 16,617 before closing with a gain of 216 points for the weekend at 16,564. 22 Sep 2007
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Essar to invest $300 million, to set up 2500 'The MobileStore' outlets across India India's leading business conglomerate, the Essar Group has announced an investmant plan of $300 million (Rs. 1,200 crore) over the next three years to ramp up its telecom retail venture and set up 2500 outlets – 'The MobileStore' – across the country. 30 Aug 2007
6.
Sensex recovers in volatile market, ends above 15k for the week The Bombay Stock Exchange (BSE) benchmark, the 30-share sensitivity index, the Sensex, recovered from the mid-week mauling which saw it plunge 615.22 points – its third biggest fall in absolute value – to end the week above 15000 at 15,138.40 against last weekend's close of 15,234.57, a net loss of 96.17 points or 0.63 percent. 04 Aug 2007
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Indian PSUs fare well in 2007 Fortune Global 500 List Indian public sector units (PSUs) have performed well in the recently published 2007 edition of Fortune Global 500 list with state-owned oil producer Oil and Natural Gas Corp (ONGC) moving up 33 spots to be ranked at 369 and Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) making it to the top 15 global firms in terms of biggest increase in profits. 21 Jul 2007
8.
Sensex scales new peak, ends above 15500 mark The benchmark Bombay Stock Exchange (BSE) 30-share sensitivity index, the Sensex, zoomed to a new peak, Thursday, July 19 - a new, intra-day high of 15,593 – recording a gain of 292 points from the previous close of 15,301 before finally closing with a gain of 249 points at 15,550. 20 Jul 2007
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Shipwreck yields estimated $500 million haul Deep-sea explorers said they have mined what could be the richest shipwreck treasure in history, bringing home 17 tons of colonial-era silver and gold coins from an undisclosed site in the Atlantic Ocean. Estimated value: $500 million. 11 Jun 2007
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DLF launches India's biggest IPO, fixes price band at Rs. 500-550 Real estate developer DLF Ltd. which is relaunching, June 11, an initial public share offer to raise up to Rs. 9625 crore (approx. $2.4 billion), has fixed a price band of Rs. 500-550 per share. 11 Jun 2007
