Tech stocks drag BSE Sensex down 139 points; Ranbaxy plunges to 7-year low The Bombay Stock Exchange (BSE) Sensex ended 1.03 percent down on Monday as investors offloaded tech stocks following Infosys Technologies' weak future guidance even as Ranbaxy Laboratories found itself entangled in a new legal battle with the US Government accusing it of committing fraud, concealment and selling substandard drugs in the US market. 14 Jul 2008
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NTPC-BHEL JV to invest Rs.6000 crore in power equipment plant NTPC-BHEL Power Projects Pvt Ltd. (NBPPL), an equal joint venture (JV) between India's top power producer NTPC Ltd and Bharat Heavy Electricals Ltd (BHEL), said it plans to invest Rs.6000 crore ($1.5 billion) in greenfield projects to set up a power equipment plant that would manufacture boilers and turbines. 13 Jul 2008
Amid oil boom, inflation makes Saudis feel poorer Sultan al-Mazeen recently stopped at a gas station to fill up his SUV, paying 45 cents a gallon — about one-tenth what Americans pay these days. 09 Jul 2008
India's inflation rate inches up to 11.63 percent; RBI move seen India's wholesale price index (WPI)-based inflation rate has surged to a new high of 11.63 percent in the 12 months to June 21, higher than previous week's figure of 11.42 percent, government data showed on Friday. 04 Jul 2008