Business Daily from THE HINDU group of publications
Wednesday, December 05, 2007
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Commodities (Dec 4)
Gold (per gram) Rs941
Silver (per gram) Rs20
Brent crude (per bbl) Rs3,555
Markets (Dec. 4)
BSE Sensex19529.50 (-73.91)
S&P CNX Nifty5858.35 (-6.65)
US Dollar39.46 (-0.13)


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Mutual fund assets take a 3.3% dip in November
Combination of liquidity crunch, Mundra IPO leads to decline More

‘Terror-linked’ funding seen in stock markets
One case is being investigated, says Chidambaram More

Bajaj Electricals promoters make open offer for 7% stake
Mr Rahul Bajaj and his cousins — Mr Shekhar Bajaj, Mr Madhur Bajaj, and Mr Niraj Bajaj — constituting a section of the promoter group in Bajaj Electricals made an open offer to the public to acquire a 7 per cent stake in the ... More

Dolce & Gabbana’s venture with DLF gets nod
Partnership is a 51:49 single brand retailing venture More

State transportation could be PAT +ve!
10 State-level undertakings post profits in first quarter More

Drilling holiday: Ministry asks RIL to submit details
Rig shortage may affect activities in Reliance’s 11 deepwater blocks More

GM keen on making India export base for new cars
Ties up with IIT–Kharagpur for research More

Pharma research: The long and slippery road
When Ranbaxy’s Chief Executive Officer and Managing Director, Mr Malvinder Singh, was asked in February last year whether he would demerge research from the rest of the business, he had held his cards close to his chest and parried the ... More

Corporate developments
Gammon India Ltd said that Indira Container Terminal Pvt Ltd, the special purpose vehicle incorporated by the consortium of Gammon and Dragados S.P.L, has signed the ‘Licence Agreement’ with the Mumbai Port Trust ... More

AI could enter market for divesting up to 15% equity by mid-08: Patel
New Delhi, Dec. 4 Air India could enter the market to divest up to 15 per cent of its equity in mid-2008, the Minister for Civil Aviation, Mr Praful Patel, said on Tuesday. Speaking to the media on the sidelines of the India Economic ... More

TRAI setting up panel on number portability
To chart out roadmap for effective and smooth implementation More

IMPACT
Good exit price for iGate de-listing
High premium was built into market expectations More

Maharashtra mills bullish on raw sugar exports
Hopeful of shipping 22 lakh tonnes of raw & white sugar More

Coca-Cola retail school will run on wheels
To focus more on training owners of mom ’n pop stores More

No moves yet on merger of other associates: SBH
Union sees need for big protest on the issue More

Today's Pick: Bombay Dyeing (Rs 764.40)
We recommend a buy in Bombay Dyeing & Manufacturing Company at current market price. From the daily chart of Bombay Dyeing it is apparent that it has been on a medium-term uptrend since August low of Rs 500. However, the stock met with a ... More

Day trading guide
The near-term trend is sideways in the range of Rs 4,100-Rs 4,300. Avoid trading in this stock until it breaks of the range.ONGCThe short-term downtrend in the stock is intact. We reiterate our sell ... More

Quantum Fund picks 5.8% stake in Gujarat Ambuja Exports
Mumbai, Dec. 4 The George Soros Quantum Fund of the Soros Fund Management Llc, a foreign institutional investor, has acquired 5.8 per cent stake in Gujarat Ambuja Exports Ltd (GAEL), an agro-processing firm.“The quantum of ... More

SAIL, MRPL in the limelight
Momentum counters remain buoyant More

IMPACT
Nicholas’ drug trial plan on expected lines
Not clear whether company will out-license More

Videocon jumps on market buzz
The stock of Videocon Industries has been attracting a lot of investor interest in the last couple of days. If market rumours are to be believed, then the company is at an advance stage to set up 3,200-MW power plant. An eventual de-merger of ... More

A needlessly sharp reaction
More


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