Business Daily from THE HINDU group of publications
Sunday, April 06, 2008
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Commodities (April 5)
Gold (per gram) Rs1,097
Silver (per gram) Rs25.30
Brent crude (per bbl) Rs4,211
Markets (April 04)
BSE Sensex15343.12 (-489.43)
S&P CNX Nifty4647 (-124.60)
US Dollar39.98 (-0.04)


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Govt buys wheat on ‘call option’ from Cargill at $406/tonne
Choice to be exercised by July 15; more such purchases likely More

‘RBI may use CRR, market stabilisation to tackle inflation’
Mumbai, April 5 Faced with the tough job of balancing growth, which is showing signs of slowing down, and inflation, which is threatening to rise, the Reserve Bank of India is likely to use the twin tools of market stabilisation schemes (MSS) ... More

Govt identifies laggards in industrial growth
Corrective action to stem overall downturn may be on the cards More

Chipset makers join local cos for cheaper mobiles
NXP-Wingtech to scout for Indian partner for sub-$20 handsets More

OVL embarks on $450-m tie-up with Venezuelan co
Deora, oil ministry team leave today for signing ceremony More

NMDC okays stock split, 2:1 bonus
Hyderabad, April 5 National Mineral Development Corp Ltd has decided to split its equity share and issue bonus shares to its shareholders. The EGM held this week decided that the equity share with a face value of Rs 10 is to be split ... More

Index Outlook
Soaring inflation and the Government’s ad-hoc measures to control it kept the market on tenterhooks last week. With the probability of another CRR or interest rate hike hanging like the proverbial sword of Damocles over market’s ... More

Does the IIP offer clues to corporate growth?
The stock market appears to be watching macro-economic indicators such as the Index of Industrial Production (IIP), closer than ever before. For instance, on March 12, the Sensex declined by about 600 points intra-day after the IIP numbers for ... More

Go slow on FTA with China, says Assocham
New Delhi, April 5 The Associated Chamber of Commerce and Industry of India has suggested that the Centre wait for a minimum period of five years before finalising a free trade agreement with China because India’s tariff structures are ... More

Amtek Auto: Buy
More

Diversification or Di-worse-ification?
More

Madras Cements: Buy
More

Graphite India: Buy
More

Templeton India Equity Income Fund: Invest
With its value orientation and allocation to stocks outside the Indian market, Templeton India Equity Income Fund (TIEIF) is a reasonable option for investors looking to diversify their portfolio. The fund’s NAV has declined about ... More

DBS Chola Opportunities Fund: Invest
The aggressive investor can consider investment in DBS Chola Opportunities Fund. After a sedate performance three years ago, and trailing the category average for two consecutive years, the fund has come a long way. In the past three years, ... More

Weekly round-up (Latest Audio: English)
For the first time, the Centres net direct tax collections have crossed the Rs 3-lakh crore mark. Official sources said that the net direct tax collections had crossed the Rs 3-lakh crore mark on March 29. The revised estimate of about Rs ... More


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