Business Daily from THE HINDU group of publications
Sunday, July 01, 2007
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Commodities (June 30)
Gold (per gram) Rs802
Silver (per gram) Rs18.15
Brent crude (per bbl) Rs2,904
Markets (June 29)
BSE Sensex14650.51 (+145.94)
S&P CNX Nifty4318.30 (+36.30)
US Dollar (Buy/Sell)40.77 (-0.19)

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SEBI whole-time member puts in his papers?
‘Unhappy with attitude of Govt nominees on Board’ More

IPCL posts sharp drop in Q4 net
Mumbai, June 30 Indian Petrochemical Corporation Ltd reported a sharp drop in net profit at Rs 18 crore for the quarter ended March 31, 2007 as against Rs 321 crore in the year-ago period.According to the company, the huge decline in ... More

Strategic investor: IFCI board meet on Friday to decide on bids
New Delhi, June 30 The board of directors of IFCI Ltd is to meet on July 6 to decide on inviting bids for expression of interest (EOI) to induct a strategic investor in the company.The company had a few months ago appointed Ernst & ... More

Cranes Soft buys Proland, Caravel
Bangalore, June 30 Cranes Software has acquired the Bangalore-based anti-virus software maker Proland Systems Ltd, and Caravel Info Systems.Cranes has spent Rs 20 crore towards the acquisition cost of Proland and the immediate ... More

Hotel cos ride high on room rates, higher occupancy
Expansion plans reflect growth in profitability More

Index Outlook
The buoyancy induced by successful roll-over of the bulky June series in the derivatives segment made the Sensex float higher on Friday towards the elusive peak of 14723. It has got to scale this peak next week before the earnings season ... More

Rising rupee and IT stocks — Smart strategies can minimise the risk
Systematic hedging has ensured that the rupee value of the IT sector’s underlying assets was kept relatively immune to foreign exchange risk. More

Survey predicts 9-fold rise in mobile music purchases
Global sales may touch $45 b by 2009 More

SEZs not a land-grab game, says Dhoot
Special economic zones (SEZs) are not a land-grabbing game, as the cost of land in any industrial project is only 10 per cent, and bulk of the expenditure is incurred on plant towards machinery and human capital. Speaking at the ... More

Videocon Group to offer upfront employment to Bengal farmers
No hurry to buy land, says Chairman More


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