Business Daily from THE HINDU group of publications
Tuesday, August 21, 2007
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Commodities (Aug 29)
Gold (per gram) Rs828
Silver (per gram) Rs17.60
Brent crude (per bbl) Rs2,904
Markets (August 29)
BSE Sensex14993.04 (+73.85)
S&P CNX Nifty4359.30 (+38.60)
US Dollar (Buy/Sell)41.16 (-0.01)

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Blackstone Group to acquire Gokaldas Exports for Rs 676 cr
Rs 275 per share for 50.1% stake; open offer for another 20% More

Govt committed to developing nuclear energy, says PM
The Prime Minister, Dr Manmohan Singh, on Monday reiterated his Government’s commitment to the development of nuclear energy even while urging all the political parties to appreciate the national interest of pursuing a sound energy ... More

Stock markets bounce back
The domestic stock markets on Monday staged an anticipated recovery, in line with the other Asian markets. The US Federal Reserve’s decision to cut discount rates by 50 bps on Friday had boosted sentiments across the global ... More

Tata Sky, Sun settle channel sharing row
New Delhi, Aug. 20 The Direct to Home (DTH) service provider Tata Sky and Sun Network have resolved their more-than-a-year-old dispute over pricing of channels. With 15 of Sun Network’s channels in its portfolio, Tata Sky will be ... More

JSW Steel may buy Jindal SAW’s plate mill in US
Mumbai, Aug. 20 The board of JSW Steel Ltd will consider acquisition of a plate mill in the US.Sources said the board will go through the due diligence reports on the plate, double jointing and coating and pipe mill facilities of Jindal ... More

Indian Cricket League not to bat for Zee alone
May invite other broadcasters too More

Steel Ministry may seek waiver of import duty on scrap
Positioning of SAIL, RINL stockyards to be reviewed More

Small, mid-sized cos growing via mergers
Tier II & III firms scout for more acquisitions aggressively More

Wipro making ‘green’ a way of life
Energy saving and water management 2 key things More

Import talk stirs up a dull wheat market
Private industry says no plans to buy from abroad More

Bank stocks gain after recent fall
Divesting stake in arm helps ICICI Bank further More

IT stocks see funds’ selling
Even when the market was resilient on the back of strong global cues, one sector that bucked the general trend on Monday was IT. The BSE IT index slipped 0.91 per cent and CNX IT weakened by 0.51 per cent, with bellwether stocks Infosys, Satyam ... More


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