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Pest industry may take 15% hit if monsoon fails to revive
The Indian pesticides industry is eagerly looking forward to August 15. Not for the usual celebration of the Independence Day, but for a different reason. It expects the monsoon to recover by this time. If not, its bottom line this year would be hit.

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FDI jumps 60% to $1.74 bn in Nov
Foreign direct investment in the country surged by 60 per cent to $1.74 billion (around Rs 8,000 crore) in November, an official said today.

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'One billion dollar loan sought from WB for urban dev projects'
India has sent a proposal to the World Bank seeking a loan up to one billion dollar to fund its urban development projects here, Lok Sabha was informed today.
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US markets end weak

The US markets had a weak closing. - US markets end marginally lower - Oil rises further in Asian trade - US markets close in the green - US market ends firm; MTNL ADR up 3% - US markets ends higher on strong retail news - US markets drop on energy shares Dow Jones closed at 10,332.44, weaker by 93.87 points or 0.9%, Nasdaq ended at 2,156.82, lower by 36.32 points or 1.66% and S&P shut at 1,094.9, down 14.9 points or 1.34%. The Indian ADRs closed in the red. MTNL ended at $3.11, down $0.20 points or 6.04%, Sterlite ended at $17.88, down $0.91 or 4.84%, Tata Communications shut at $15.33, lower by $0.66 or 4.13% and Satyam was down $0.16 or 3.11% at $4.99. Wipro bucked the trend to close marginally higher by $0.01 points or 0.05% at $20.51.


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