Business Daily from THE HINDU group of publications
Saturday, November 18, 2006
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Commodities (Nov 17 at close)
Gold (per gram) Rs849
Silver (per gram) Rs20.75
Brent crude (per bbl) Rs2,640
Markets (Nov 17)
BSE Sensex13429.48(-76.41)
S&P CNX Nifty3852.80 (-24.05)
US Dollar (Buy/Sell)44.95 (-0.41)


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Bankers propose gold-based deposit scheme
Indian Banks' Association may submit proposal to RBI for approval More

Banks may get more capital market exposure
Banks may get more headroom for their capital market exposure when the modified Reserve Bank of India guidelines come into force from January 2007. A draft circular issued by the RBI on Friday said the aggregated capital market exposure of ... More

New norms for global flights by airlines next year
Likely to undertaken after the Indian and Air India merger process begins More

Living near a jail? Your mobiles may go dead
Police for jamming services in prisons More

9 new Indian billionaires in Forbes' list
To be considered rich you now need to have $790 million in your kitty — $200 million higher than last year. Still, India's rich got richer by 60 per cent and nine new billionaires have joined the list of richie rich Indians drawn up by ... More

Inflation up at 5.3 pc on costlier food, metals
Wholesale Price Index for all commodities at 208.8 points More

A rice variety that can earn carbon credits!
Needs 50% less water, no transplantation: Bangalore varsity More

India to re-negotiate gas price with Iran
India and Iran are likely to find a solution soon to the contentious issue of gas pricing which has been haunting the two projects - liquefied natural gas (LNG) deal and Iran-Pakistan-India (IPI) pipeline - between the two ... More

Power sector to gain
Nuclear Power Corpn, BHEL likely to benefit More

Dell to start off with desktops at Chennai
Customer contact centre in Gurgaon inaugurated More

Defence `offset deals' seen at $700 m
Overseas sellers mandated to source some services locally More

KPIT Cummins: On strong fundamentals
Strong fundamentals have been driving market interest in KPIT Cummins that ended almost two per cent higher on the BSE on Friday at Rs 587.40. The stock has seen almost 33 per cent gain month-on-month on the BSE. A significant ramp up of its ... More

Cement sector remains positive
Marketmen continue to maintain a positive outlook on the cement sector and are of the view that with construction activity expected to pick up further, one may see another upward price revision. Analysts anticipate that third quarter ... More

FII buzz lifts Taneja Aerospace
In contrast to the broad market trend, the stock of Taneja Aerospace hit the upper circuit on the BSE on Friday on reports of the company going in for a private placement with an FII. The company recently bagged a large outsourcing order from ... More

Remembering Hasmukhbhai T. Parekh — The man who gave people a home
Adopting a management style "marked by large-heartedness and human considerations," Hasmukhbhai T. Parekh made ICICI and HDFC "the springboard for the country's development in new areas of social progress." On the 12th anniversary of his passing, R. M. LALA, pays tribute to the person who helped lakhs of Indians realise their dreams of owning a home. More

Moderate El Nino conditions seen till May
There is 75 per cent probability that moderate El Nino conditions will persist into the March-April-May quarter of the next year coinciding with the 2007 southwest monsoon. The risk will be reduced to a still significant 62 per cent by the ... More


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