Business Daily from THE HINDU group of publications
Thursday, January 03, 2008
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Commodities (Jan 02)
Gold (per gram) Rs988
Silver (per gram) Rs20.95
Brent crude (per bbl) Rs3,700
Markets (Jan. 2)
BSE Sensex20465.30 (+164.59)
S&P CNX Nifty6179.40 (+35.05)
US Dollar39.46


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No exemption for listed PSUs on independent director norms
SEBI chief sticks to stand even as ONGC cites difficulties More

Greenfield cargo airports may get nod
150-km distance stipulation to be relaxed More

Drop prices or face takeover, TN tells cement units
Chennai, Jan. 2 With prices of cement in Tamil Nadu soaring, the State Government has said that it might take over private cement factories in the State. In a press release issued after a high-level meeting presided over by the Chief ... More

Maruti, Hyundai, GM power ahead in sales
Two-wheelers continue to slump in December More

They defy odds to set out on their own
SPIRIT OF ENTREPRENEURSHIP More

Software receipts post slower growth: RBI
Divergent views by industry captains on the cause for slowdown More

IMPACT
Mini contracts to fuel speculation
Timing questionable More

World wheat prices may rise
Countries, including China, imposing or raising export tax More

‘Silver may outperform gold this year’
Rise in dollar could cap the yellow metal’s rise: Kotak Commodity More

Bajaj Hindusthan reports profit after revaluing cane at SMP
New SAP to be decided after consulting various stakeholders More

Banks preparing to hike discounts to their PLRs
Move aimed at boosting corporate credit offtake More

Rs 17,000 cr: ONGC’s subsidy payout for ’07-08
High global crude oil prices may raise oil marketing cos’ revenue loss More

China hikes steel export tax by 5-15%
Move likely to boost prices in developed countries More

The US Treasury plan that failed
More

Dip in minutes of usage per user in GSM, CDMA segments
ARPU down further in July-Sept quarter: TRAI More

TRAI for immediate measures to boost broadband growth
Expresses concern over India’s poor rank in penetration levels More

Investors, are you listening to Govt advisory?
Chennai/Delhi, Jan. 2 Shooting stock prices have resulted in higher decibel levels being used by the Government and stock exchanges to create awareness and also warn investors about the risks involved in stock markets. Listeners ... More

Today's Pick: Ahluwalia Contracts (Rs 338.15)
We recommend a buy in Ahluwalia Contracts India at current market price. From the weekly chart, we note that it has been on a steady long-term uptrend from June 2007 low of Rs 78. The daily chart shows that after touching an all-time high of Rs ... More

Day trading guide
The stock is still trading in a narrow range of Rs 4,100 and Rs 4,200. Desist trading in this counter for the session.ONGCIn line with our anticipation, the stock surged in the last trading session. We retain ... More

IMPACT
No boost for Godrej from rights offer
Attractive pricing may hold key More

Institutional investors can short sell from Feb 1: SEBI
New Delhi, Jan. 2 Institutional investors including foreign institutional investors (FIIs) and their sub-accounts can undertake short-selling, lending and borrowing of Indian securities from February 1, the capital market regulator chief, Mr ... More

Cool and upbeat
Godrej’s Appliance Division is aware of the competition but is confident in its knowledge of the Indian consumer. The company has also added zing to its products and marketing. More

RNRL hogs limelight
Chennai, Jan. 2 Thanks to a fresh addition of long positions towards the closing hours, the Nifty January futures moved into a healthy premium of about 40 points with respect to the spot close. During most part of the day, the premium was ... More

Ind Swift Group cos gain sharply
Twin pharmaceutical counters of the Chandigarh-based Ind Swift Group — Ind Swift Ltd (ISL) and Ind Swift Laboratories (ISLL) — are subjects of market talk of late. As a result, the traded quantities in the counters have also gone up ... More

Initial rain burst likely over Punjab, Haryana
Thiruvananthapuram, Jan. 2 Night temperatures over North and Northwest India will gradually show an increasing trend as clouds build up ahead of the arrival of the next western disturbance. Associated northwesterlies are expected to ... More


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