Business Daily from THE HINDU group of publications
Friday, September 21, 2007
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Commodities (Sept 20)
Gold (per gram) Rs872
Silver (per gram) Rs18.65
Brent crude (per bbl) Rs3,157
Markets (Sept. 20)
BSE Sensex16347.95 (+25.20)
S&P CNX Nifty4747.55 (+15.20)
US Dollar (Buy/Sell)39.90 (-0.33)

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Rupee hits sub-40 level against dollar
‘Sudden and huge supply of greenbacks via FII inflows’ More

RIL strikes oil in new KG Basin well
After striking gas in two exploration blocks, Reliance Industries Ltd (RIL) is understood to have found oil in its D4 block in the Krishna Godavari Basin. The company has completed the technical testing in the block KG-DWN-98/1 (D4) on ... More

Power majors drive Sensex further up
Mumbai, Sept. 20 The BSE sensitive index Sensex closed at a record high for the second consecutive day, closing at 16347.95 on Thursday. The rise was a continuation of Wednesday’s rally, but was a modest 0.15 per cent, against the ... More

Britannia initiates legal action against Danone
Use of biscuit brand Tiger abroad More

Indian firm buys foreign parent
VA Tech to regain leadership position in global water management biz More

No petro price hike plan for now: Deora
Oil bonds proposal may be considered at next Cabinet meet More

Decision on milk powder export ban likely on Sept 24
Ministry seeks views of cooperatives, private dairies More

No RBI subsidy to banks for ‘no frills’ accounts
To take banking basics to people by train More

50 bps cut: More than meets the eye?
More

Northern Rock bailout — ‘Back-to-basics’ message for banks globally
Northern Rock’s travails are the result of some weaknesses in its balance sheet which have been exposed in a global market crisis. This holds important lessons for Indian banks even though a similar crisis may appear somewhat remote in the over all business environment. More

New model for assessing spectrum usage planned
DoT mulls proposal for in-building sharing by operators More

FIIs pumped in Rs 4,255 cr on Wednesday
Nifty futures premium dips to zero More

IMPACT
Artificial sweetener for sugar?
Several ‘ifs’ to ethanol story More

Theatre stocks up on tax cut hopes
Stocks of Cinemax, Shringar Cinemas and Pyramid Saimira flared up sharply on the bourses on the back of heightened trading volumes. According to punters, select traders are mopping up these stocks on the expectation that a cut in entertainment ... More

Fed rate cut gives realty indices positive push
Analysts expect RBI to slash interest as well More

Day Trading Guide
The stock has formed a doji candlestick pattern (opening and closing prices are equal). Since this pattern could indicate the exhaustion in buying momentum, we recommend not to trade in this stock for the day. Infosys ... More

Institutional investors show interest in liquid plus fixed income funds
Kolkata, Sept.19 In the universe of fixed income funds, the liquid plus category is increasingly occupying a firmer place, a trend underlined mainly by the kind of interest it is generating among institutional investors.Range ... More

Today's Pick: Ansal Properties (299.50)
We recommend a buy in Ansal Properties and Infrastructure at current price. We note from the daily chart that Ansal Properties has been consolidating at lower levels following the steep correction from the December 2006 high of Rs 567 to April ... More

Rural India calls
Interesting differences in the way urban and rural India use the mobile phone. More


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