Business Daily from THE HINDU group of publications
Friday, June 06, 2008
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Commodities (June 5)
Gold (per gram) Rs1,133
Silver (per gram) Rs25.60
Brent crude (per bbl) Rs5,214
Markets (June 5)
BSE Sensex15769.72 (+254.93)
S&P CNX Nifty4676.95 (+91.35)
US Dollar42.90 (+0.12)


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States step in to absorb part of fuel price hike
Cut sales tax on petrol, diesel; Delhi subsidises domestic LPG More

Oil price rise: Govt goes into austerity drive
Advises against wasteful expenditure More

Explosion at Panna-Mukta fields halts production
Mumbai, June 5 A minor explosion at the offshore Panna-Mukta oil and gas fields, jointly held by BG India, ONGC and Reliance Industries, on Tuesday has led to a temporary shut down of the fields. The incident also claimed the life of a ... More

IPO scam: 12 financiers pay to settle dispute
Mumbai, June 5 SEBI on Thursday passed its first consent orders in the IPO case. Twelve financiers named by the regulator as involved in the scam coughed up over Rs 71 crore towards disgorgement and penalty to have proceedings against them ... More

IT training cos look to establish footprint in Africa
NEW DESTINATION More

Has Sahara India Fin obtained stay on ban?
Depositors unsure of their fate More

Apollo intends to foray into pharmaceuticals
Enters into pact with Ericsson for providing telemedicine More

‘Expats remit $26.5 b, higher than combined FII, FDI flows’
More

SAIL may increase prices after July
Cost pressures are enormous, says Roongta More

'Aviation fuel price cut too small to reduce fares'
ATF forms 45-50% of operating costs of airlines More

Petro price hike and inflation: Will sales tax rate cuts help?
More

Rlys examining further cuts in freight rates
New Delhi, June 5 The Railway Minister, Mr Lalu Prasad, today said that the Railways was examining the possibility of further reduction in freight rates to leverage its competitiveness over road transportation in the wake of the latest hike in ... More

IPL vs ICL: A real contest is possible only in a free market!
More

ESPN takes on Tata Sky over new package rates
‘DTH operator misleading subscribers’ More

Robust performance in cotton may continue
India to post another bumper crop and export on a large-scale More

Land to the builder?
Urban spaces are steadily eating into farmlands. Where does that leave the farmer and the country’s agricultural sector? More

TODAY'S PICK (Latest Audio: English/Tamil)
NALCO (Rs 501.75): Buy
We recommend a buy in National Aluminium Company from a short-term perspective. The stock has been on a long-term uptrend from its August low of Rs 237. However, after recording an all-time high at Rs 565 in May 2008, the stock recorded a ... More

Day Trading Guide
In the last trading session, the stock bounced up taking support at around Rs 750. Initiate fresh long-position only when the stock exceeds Rs 797 level, with tight stop-loss. Infosys Fresh long-position can be ... More

Latam, Russia, African markets attract FII funds
India witnesses outflow of Rs 16,416 crore More

IMPACT
Funding brightens the picture for PVR
To strengthen its links across movie value chain More

Arabian Sea depression set to intensify
Thiruvananthapuram, June 5 The US Navy Joint Typhoon Warning Centre (JTWC) has upgraded the potential for formation of an Arabian Sea cyclone as ‘good’ on Friday/Saturday. An India Meteorological Department (IMD) update ... More


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