Business Daily from THE HINDU group of publications
Friday, July 28, 2006
Commodities (July 27 at close)
Gold (per gram) Rs896
Silver (per gram) Rs18.90
Brent crude (per bbl) Rs3,473
Markets (July 27)
BSE Sensex10741.59(+124.32)
S&P CNX Nifty3156.15(+46)
US Dollar (Buy/Sell)46.63(-0.21)

Cross Currency


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Lower treasury income drags down SBI Q1 net
Profit falls 35 pc to Rs 798.5 cr; staff costs rise to Rs 1,924 cr More

Private sector offers job reservation
A section of the industry has voluntarily offered to provide reservation in private jobs to the Scheduled Castes and Scheduled Tribes. At a meeting of the representatives of industry chambers CII and Assocham, and the Tata Sons Director, Dr ... More

Rumours create panic in commodity markets
Fear of Centre bringing back control on stock limits More

Govt hikes paddy MSP by Rs 10 a quintal
The Union Cabinet on Thursday hiked the minimum support price (MSP) of paddy to be marketed during the 2006-07 kharif season (October-September) by Rs 10 a quintal. The MSP has been raised from Rs 570 to Rs 580 a quintal for `common' and from ... More

MFs' overseas investment norms eased
Mutual funds await complete SEBI guidelines More

Pay via mobile at restaurants!
Mumbai to be the test bed for this service More

Short covering in derivatives saves the day

Transparent pricing mechanism proposed for RIL gas finds
`Govt ready to approve $2.34 per mbtu price or even lower if the open bidding is followed' More

Maruti Q1 net profit zooms 63%
Rides on robust sales, cost cutting measures More

New range of dual core chips from Intel
Company sees gamers, bloggers, SMEs as prospective buyers More

NIIT Global to buy US firm Element K
NIIT Global has entered into a definitive agreement to acquire US-based Element K, a provider of learning solutions in North America. The transaction is expected to close within two weeks. The deal size is expected to be around $40 million. ... More

Contempt case: 3 days prison for Zee MD, 7 days for Heinz GM
Mr Justice Kalyan Jyoti Sengupta of the Calcutta High Court on Thursday ordered three days imprisonment to the Managing Director, Zee Telefilms Ltd, and seven days imprisonment to the General Marketing Manager of Heinz India Ltd, manufacturer of ... More

ITC: Betting on growth
The ITC stock has been witnessing quiet accumulation in recent times from select quarters. According to brokers, the increased activity followed several broking houses coming out with `buy' recommendation on the stock. The stock was under ... More

MFs & 10K jinx
Whenever the BSE Sensex dips below the 10,000-mark, the market has been witnessing vigorous buying from the domestic funds, pushing the Sensex above the psychological mark almost immediately. According to traders, domestic funds fear that ... More

Rainfall deficit remains at 14 pc
Despite improvement in coverage More

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