Business Daily from THE HINDU group of publications
Wednesday, July 26, 2006
Commodities (July 25 at close)
Gold (per gram) Rs885
Silver (per gram) Rs18.60
Brent crude (per bbl) Rs3,506
Markets (July 25)
BSE Sensex10415.61(+200.24)
S&P CNX Nifty3040.50(+54.65)
US Dollar (Buy/Sell)46.84(+0.04)

Cross Currency


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RBI hikes key interest rates; bank loans may turn costlier
Repo, reverse repo raised; bank rate, cash reserve ratio unchanged More

Global support pushes markets up
Rate hike fails to dampen the sentiment, as measures were largely in line with market expectations More

Tata Motors Q1 net up 40 pc at Rs 382 cr
Exports contribute to 16 pc of total turnover More

Grains offtake plummets 15 pc due to lower stocks
25 pc decline in wheat More

Ambani groups trade charges yet again
ADAG alleges dishonouring of gas supply pact; RIL refutes charge More

ICWAI wants services under cost audit
The Institute of Cost and Work Accountants of India (ICWAI) plans to urge the Government to bring the service industry under the ambit of cost audit. As of now, only those companies engaged in production, processing, manufacturing and mining ... More

Lockheed Martin looks beyond pushing F-16s
Aircraft deal
The IAF's 126-fighter deal alone is put around $5 billion (over Rs 22,500 crore).
Its offsets in the form of exports from Indian companies could be at least 30 per cent of it or Rs 6,700 crore.
In touch with 30 Indian cos for possible role in its programmes More

`RBI initiatives will help curb inflation'
Credit squeeze due to rate hikes unlikely, says Chidambaram More

RBI cautions on high credit growth
Deposit mobilisation crucial: Reddy More

Wipro, Motorola team up to offer managed services
Joint venture to be headquartered in Europe More

Satyam partners GigaSpaces for grid solutions
Satyam Computer Services Ltd has announced it has formed an alliance with GigaSpaces Technologies to provide solutions for service-oriented architecture and grid environments. Based on this alliance, GigaSpaces will provide software and Satyam ... More

Funds of Funds lose assets in a tepid MF market
`Redemptions as on June-end were Rs 347 crore' More

Cement, bank stocks help Sensex move northwards

Clutch Auto: Betting on growth
The BSE-listed Clutch Auto ended the day at Rs 109.45, after hitting day's high at Rs 111.95, against the previous day's close of Rs 107.8. The company, which manufactures clutches and assemblies, specialises in the heavy-duty segment. The ... More

Kotak Bank in volatile zone
The Kotak Mahindra Bank stock has been volatile since early June after the sell-off in May. Though the stock recovered somewhat in line with general sentiment towards banking counters in the last couple of days, it has been seen by some analysts ... More

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