Indian Market Cap Falls Below 1 Trillion Dollar

On Monday, India had a trillion-dollar economy and a trillion-dollar stock market. A day later, it had neither. The culprit: a vicious cycle set off primarily by high international oil prices that refuse to come down below $140 per barrel. BSE closed on Monday with a market capitalization of about $1.02 trillion. On Tuesday, a fall of 500 points in the Sensex and a gain of 32 paise for the dollar against the rupee saw that figure drop to $970 billion.
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Barack Obama Pays Tribute To Indian Field Marshal Sam Manekshaw

“I offer my deep condolences to the people of India on the passing of Field Marshal Sam Manekshaw,” said US Democrat presidential candidate Barack Obama. “He was a legendary soldier, a patriot, and an inspiration to his fellow citizens.” Obama added.

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