Business Daily from THE HINDU group of publications
Thursday, August 23, 2007
Commodities (August 22)
Gold (per gram) Rs816
Silver (per gram) Rs17.35
Brent crude (per bbl) Rs2,824
Markets (August 22)
BSE Sensex14248.66 (+259.55)
S&P CNX Nifty4153.15 (+78.25)
US Dollar (Buy/Sell)40.95 (-0.15)

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India, Japan aim at $20-b bilateral trade by 2010
Currency swap agreement to be signed before year-end More

No entry fee for direct applicants in MFs mooted
Mumbai, Aug. 22 The Securities and Exchange Board of India proposes to waive the ‘entry load’ for investors making direct applications in mutual fund schemes. Entry load is a specific upfront fee charged from investors in ... More

Sensex recovers on domestic funds buying
Mumbai, Aug. 22 Renewed buying interest among domestic institutional investors in index heavyweights sent the stock markets on a recovery mode on Wednesday. While the BSE Sensex was up 259.55 points to 14248.66, the Nifty gained 78.25 ... More

Pricing formula likely for additional spectrum
Cap on initial allocation; no freeze on number of operators More

Toyota’s foray into small car could begin with India

Tatas to pay Rs 1,000 cr for Singur land lease
Kolkata, Aug. 22 Tata Motors today informed the Calcutta High Court that it would pay West Bengal Industrial Development Corporation (WBIDC) an amount in the region of Rs 1,000 crore in a phased manner for the Singur land lease of 90 years for ... More

Crude oil output up in July
New Delhi, Aug 22 The country’s crude oil output in July was 0.9 per cent higher than the corresponding month last year, while natural gas production dipped by 1.7 per cent.The crude oil production during the month under review ... More

Realty got plenty of bank money last fiscal
Home loans account for much of the funding More

Sub-prime woes: BPOs rule out immediate layoffs
Affected workforce being redeployed More

Fission over fusion
While challenging the UPA Government on going ahead with the nuclear deal, will the Left withdraw support and engineer the fall of this Government? asks RASHEEDA BHAGAT. More

TCS grooming science grads into software professionals
Recruitments from Tier III cities and rural areas More

TRAI asks Bharti to stop charging users for repairs
New Delhi, Aug. 22 Telecom Regulatory Authority of India on Tuesday asked Bharti Airtel to stop taking money from subscribers for rectifying faults and undertaking repairs. Criticising the operator for proposing to charge extra for ... More

US firm sets up NBFC to finance urban poor
Company’s first office in India inaugurated More

FIIs’ net selling stands at Rs 8,558 cr this month
Their open interest positions dip in index futures More

Artson Engg: Stake sale nearing?
Artson Engineering, a turnkey and consultancy services company, is ruling firm at Rs 40 (BSE average daily volume around 61,000 shares for the past fortnight) as market talk suggested that the proposed stake buyout by Tata Projects, an unlisted ... More

Distributors lure investors with physical incentives for NFOs
Freebies vary from kitchen items to tax-saving investments More

Wooing the fairer sex
Advertisers who did not traditionally address women have begun to do so as their voice gets bolder and wallets grow fatter. More

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