Business Daily from THE HINDU group of publications
Thursday, August 09, 2007
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Commodities (Aug 8)
Gold (per gram) Rs825
Silver (per gram) Rs19.15
Brent crude (per bbl) Rs2,902
Markets (August 8)
BSE Sensex15307.98 (+375.21)
S&P CNX Nifty4462.10 (+105.75)
US Dollar (Buy/Sell)40.60 (+0.15)

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Cos come under I-T scanner on payments to consultants
CBDT’s move to enhance collection of tax at source More

Rupee down; IT stocks drive Sensex up 375
Mumbai, Aug. 8 The tightening of ECB norms drove down the rupee, resuscitating software stocks that led a rally in the stock markets on Wednesday. Bond prices fell by 57 paise and the yield on the 10-year paper rose by 10 basis points ... More

GAIL may join hands with Reliance for overseas petrochem projects
GAIL (India) Ltd is likely to join forces with Reliance Industries Ltd (RIL) for setting up petrochemical projects abroad. Sources said that the board of GAIL, which met last month, has allowed the company to continue looking at strategic ... More

Allahabad HC stays UP move to privatise sugar mills
New Delhi, Aug. 8 In a setback of sorts to the Uttar Pradesh (UP) Government’s plans to privatise all its State-owned and cooperative sugar mills, the Allahabad High Court has ordered an interim stay of the entire sale process. ... More

Tata Power all set for nuclear power foray
Awaiting Govt nod; alignments with equipment suppliers ready More

PM assures availability of funds for fertiliser subsidy
‘Existing system may have to be reviewed’ More

CIBIL has 90 m borrower accounts in database
3-digit credit score for individuals soon More

Relaunch to give Vimal a makeover
May now include readymade garments More

Mixed views on impact of tighter ECB norms
‘Indirect boost to IT, textiles stocks; Banks to see more loan demand’ More

Coming of age in a multicore era
LabView tweaked to exploit quad core and more More

Spectrum crunch hits Idea plans
Mumbai rollout deferred; Bihar foray put on hold More

Infosys BPO files countersuit against US co
Bangalore Aug. 8 Infosys BPO has filed its own claims against New York-based The Buying Triangle (TBT), following the lawsuit by the US company. It has also moved to dismiss the suit, the company said in a statement on ... More

Every seventh stock hits upper circuit on BSE
Chennai, Aug. 8 Today’s recovery had a sharp impact on stock price movements, with every seventh stock hitting the upper circuit on the BSE. Of the 2,790 stocks that were traded on the BSE on Wednesday, 415 hit upper circuit ... More

Cause and VFX
To make an impact, ad makers are using more and more technical effects in TVCs. More

Acquisition talk props up Sonata Soft
Sonata Software, a BSE 500 company, spurted on Wednesday with sharp spike in volume as market grapevine talked about an imminent acquisition by the company. The size of the takeover deal was speculated to be worth several hundred million ... More


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