Business Daily from THE HINDU group of publications
Saturday, August 11, 2007
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Commodities (Aug 10)
Gold (per gram) Rs817
Silver (per gram) Rs18.60
Brent crude (per bbl) Rs2,839
Markets (August 10)
BSE Sensex14868.25 (-231.90)
S&P CNX Nifty4333.35 (-69.85)
US Dollar (Buy/Sell)40.67 (+0.12)

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Pay Rs 5,000 cr for spectrum, DoT tells defence forces
‘Unused spectrum must be released immediately’ More

Sensex trims early losses, ends 232 down
‘Short covering’ and ‘value’ buying, especially in IT and consumer durables stocks, saw the index shrug off partially, the market’s ‘US sub-prime’ woes. More

Raja for extending tax holiday for IT cos
The industry has been demanding continuation of tax concessions under the Software Technology Parks of India scheme beyond the sunset clause of 2009. More

Indicom to launch Net radio phones at Rs 3,000
Currently, 41 foreign radio stations – including Bloomberg Business Radio, CNN News radio, Fox News and Talk, and ESPN Radio – can be tuned into. More

‘Small car project being delayed’
But we will make it up: Ratan Tata More

Jet, Air India in hot chase for US pie
More

Inflation rate rises on costlier food items
Wholesale Price Index of all commodities up at 223.4 More

Kharif acreage up in most crops except rice
Cotton, soyabean output may top last year’s record More

Tata Tea plans to enter Russia, CIS markets
50:50 joint ventures proposed in Russia More

Review of petrol, diesel prices after monsoon session
Oil cos are losing Rs 190 crore per day due to global crude price rise More

India preferred market for offshoring: Infosys CEO
‘Clients’ reluctance prevents us from ramping up headcount in China’ More

BSNL’s ILD telephony biz may be hived off
More

States looking beyond small savings for funds
Make beeline to financial institutions/markets More

SEBI for review of MFs’ organisational structure
‘Lazy marketing’ makes funds urban-centric More

Value buying seen in GTL Infra
Even when the stock market was in turmoil, the stock of GTL Infrastructure saw hectic accumulation on value buying. On Friday, the stock closed at Rs 37 against Thursday’s close of Rs 33.05, a gain of 11.95 per cent. About 24.57 lakh shares ... More

Rain surplus swells as Bay throws up new ‘low’
Thiruvananthapuram, Aug 10 A fresh low-pressure area formed over the northwest Bay of Bengal off the Orissa-West Bengal coast on Friday even as the rainfall surplus for the season reversed trend and began building once again. ... More


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