Judgment could finally be here. Reports say the Supreme Court will announce its verdict in the gas dispute between Mukesh Ambani’s RIL and Anil Ambani’s RNRL on Friday. The decision is expected at ten thirty in the morning. Any ruling in the case is expected to set a basis for how gas prices are regulated in India.
March has been a great month for exports. Commerce ministry figures released Thursday show merchandise exports for the month shot up 54% to $19.9 billion. Imports also rose, shooting up 16.6% to $27 billion.
Export numbers for the full year were not as good. They declined 4.7% to $176.5 billion for the fiscal 2009-10. And imports also fell, going down 8.2% to $278.7 billion.
Indian stocks continued their free fall. The Sensex fell one hundred points to close at 16,988. And the Nifty went down 34 to end at 5,091.