Dow at record high

Mumbai/New York, July 17: The Dow Jones industrial average, the benchmark index of the US stock market, has crossed the 14000-level. It took just 57 trading sessions for Dow Jones to cover the journey from 13000 to 14000. The index touched a high of 14002 within 30 minutes of trading today on the NYSE, but later fell to 13989.19 points.

Ferrari move

New Delhi, July 17: Italian sports car maker Ferrari plans to roll out cars in India in a tie-up with the Tata group, a TV report said. A Tata Motors official declined to comment. An e-mail sent to Ferrari remained unanswered.

WBIDC site

Calcutta, July 17: Bengal industry minister Nirupam Sen today launched the redesigned website of the West Bengal Industrial Development Corporation (WBIDC). The site will provide information on the investment scenario in the state.

Raytheon

Mumbai, July 17: US multinational Raytheon has moved Bombay High Court to oppose the proposed demerger of JSW Energy with its subsidiary JSW Energy Investment.

Iffco buy

Dakar, July 17: Iffco has picked up a major stake in Senegal’s key chemical firm, Industries Chimiques du Senegal, by investing $80 million.