Past Week

Here are the events and news that created buzz in the India business.

1. Sensex lost more than 1000 points in first two days of the week, only to bounce back.The strong comeback by the markets re-emphasize the strong fundamentals in market.
2. The joint venture of ESPN-Star sports gets ICC telecast rights for next 8 years for a whopping 1.1 billion. The rights will cover ICC's major tournaments such as the Champions Trophy in 2008, 2010, 2012 and 2014, Twenty20 World Cup, women's World Cup and Inter-Continental Cup.The rights will start from september 2007.
3. Brazil's CSN is now ready to pay 515 pence per share for Corus as against TATA's 500 pence per share. The battle for Corus continues.