Financial Daily from THE HINDU group of publications
Saturday, May 13, 2006
Markets (May 12)
BSE Sensex12285.11(-150.30)
S&P CNX Nifty3650.05 (-51.00)
US Dollar (Buy/Sell)45.03 (+0.07)

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DETAXFICATION


As many red herrings as grow in the wood
A nursery rhyme reads thus: "The man in the wilderness asked me how many strawberries grew in the sea. I answered him as I thought good, as many as red herrings grew in the wood." Lesson, therefore, is that strawberry isn't seaweed. And that ... More

VIEW POINT


Good work by poll panel
In the wake of the Assembly elections, the spotlight has turned to, among other things, the way the Election Commission did its work. The Left Front in West Bengal has been most vocal in complaining that the EC unfairly presumed that, in recent ... More

E-DIMENSION


Economics has a way of catching up with populist politics
There is indeed free in politics, so much so, that debate is not on whether, but which `free' is all right. But, eventually, economics catches up. Three reads provide a perspective on the politics and economics of reforms, federalism and regionalism. More

REASSESSMENT


Cenvat credit on input services
Cenvat credit on input services to pure-play service tax assessees must be restored More

EAR TO THE GROUND


Tea, coffee brew well for Bombay Burmah
Bombay Burmah, which is seen to derive bigger benefits from its tea and coffee businesses, is powering ahead on the bourses. On Friday, it ranked among the top gainers on NSE, ending with a straight 10 per cent gain at Rs 563.60. The counter ... More

Shrachi Securities: Betting on revamp
Investors seem to be veering around to the view that Shrachi Securities will soon see a capital restructuring. That might explains the recent spurt in the Shrachi Securities stock, which on Friday closed at Rs 64.85 on the BSE. This is a major ... More

SENSOR


Frontline stocks help market cool down with 150 pt loss
The recent sporadic patches of rain that have cooled the blistering summer heat in parts of the country found a parallel in the stock market on Friday. The overheated stock indices that have been steadily rising and breaking new ground for ... More
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