Business Daily from THE HINDU group of publications
Thursday, December 28, 2006
Commodities (Dec 27)
Gold (per gram) Rs850
Silver (per gram) Rs20.35
Brent crude (per bbl) Rs2,724
Markets (Dec 27)
BSE Sensex13859.69 (+151.35)
S&P CNX Nifty3974.25 (+33.75)
US Dollar (Buy/Sell)44.36 (-0.23)

Cross Currency


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Hutch to consider bids above $14 b; Essar joins the race
Deal likely to cost Essar Rs 40,000 cr for 67 pc stake More

REC to issue more capital gains bonds
The Finance Ministry has allowed Rural Electrification Corporation Ltd (REC) to issue capital gains tax exemption bonds for Rs 3,500 crore. REC can now issue these additional bonds between December 27 and March 31 next year. Investments in such ... More

Rupee appreciates 1.7 per cent this year
Spurt in imports squared off by rising FII inflows More

Net traffic here feels Taiwan quake impact
Undersea cable damage disrupts services More

ONGC exploring asset swap; in talks with Italy's ENI
Seeks foreign expertise in exploration areas, hydrocarbon production More

2006: Outsourcing turns mainstream
Year 2006 was a good haul for the country's IT services industry. Outsourcing became mainstream. India established itself as a dominant offshore destination. The big boys of Indian IT turned bigger, expanding global footprint even as markets ... More

Oil cos pitch for `nil' rate of CST
Central sales tax (CST) has become a thorny issue for India Inc, including those who do not come under the value added tax (VAT) regime. The latest to join the bandwagon for doing away with CST is the domestic petroleum industry. Citing the ... More

Record world steel output despite cuts
Production cut on weak demand, rise in Chinese exports More

SCI, other PSUs plan jt venture for dredging
Building of dredgers also under consideration More

Vegetable oil prices seen firming up further
Dipping imports, high global prices may prop up market More

AMFI to issue unique identification number
For investments above Rs 50,000 from Jan 1 More

Momentum continues thanks to firm Asian bourses
Christmas cheer seems to have taken a firm grip of the domestic bourses. The Sensex followed up the 236 points gain of Tuesday with another 151 points rise. This was in tandem with the rest of the Asian markets, which gained on speculation that ... More

Lalu admits Rlys is easier work than Bihar
When Railway Minister Mr Lalu Prasad addressed a group of students from the Harvard and Wharton Business Schools here on Wednesday, he admitted that achieving a turnaround in Railways was easier than turning around the fate of Bihar. There was ... More

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