Business Daily from THE HINDU group of publications
Tuesday, April 17, 2007
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Commodities (April 16)
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TCS posts 43.6% growth in Q4 net
Better pricing, increased offshoring fuel rise More

Essar buying Canadian steel firm for $1.58 b
Deal for 100% equity purchase More

Essar-Algoma: A fair deal
Essar Global's definitive agreement to acquired Canadian steel major Algoma Steel Inc for $1.63 billion appears to be a favourable deal for the Indian company. Essar Global holds 88 per cent of the equity in Essar Steel. At 5.5 times the 2006 ... More

9-yr high: Re ends at 41.90 on strong capital inflows
The rupee touched an intra-day high of 41.85 as was seen in June 1998. More

FII party isn't about to stop any day soon
Rupee intervention over 11 months cost RBI Rs 6,000 cr More

Wanted abroad: Skilled hands
CONSTRUCTION TRADES More

Sugar inventories may top 110 lakh tonnes next year
Carryover stocks seen up despite rise in exports, offtake More

Motorola withdraws case against BSNL award
Decks cleared for PSU's $6-b mobile infrastructure contract More

Cos go for online carbon credit auction for price discovery
ACX follows 2-step process for buyers and sellers More

`Bulk deposits' by PSBs may come up for review
Public sector banks' move to raise bulk deposits at higher interest rates in March may come under Government scanner. A number of PSBs had gone in for such a strategy to tide over their fund crunch in the last quarter of the fiscal 2007-08. ... More

Reliance m-cap surges above Rs 2 lakh crore
Co offers employees stock option scheme for first time More

`SIPs back in favour among retail investors'
Severe volatility in the market and pedestrian returns posted by equity funds in recent months have prompted retail investors to look at `systematic investment plans' or quite simply SIPs, say fund managers. Mr Rajan Krishnan, who heads ... More

SEBI caps mutual funds' exposure to short-term bank deposits at 15%
SEBI has capped mutual funds' exposure to short-term bank deposits at 15 per cent in order to ensure that the money they have collected are deployed in line with investment objectives. The regulator, which has referred to clause 8 of Schedule ... More


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