Business Daily from THE HINDU group of publications
Thursday, August 30, 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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Ashok Leyland, Nissan join hands to produce trucks
Three joint venture companies for LCVs, powertrains, R&D More

Corus buy boosts Tata Steel Q1 consolidated profits 5-fold
Major gains from pension fund investments More

Firstsource buys US-based MedAssist for $330 m
In one of the largest cross-border acquisitions by an Indian BPO company, ICICI Bank-promoted Firstsource Solutions has agreed to pay $330 million (Rs 1,353 crore) for buying a US company, MedAssist Holdings, to strengthen its presence in the ... More

Remove cap on number of mobile operators in a circle, says TRAI
Upfront fee for additional spectrum favoured More

Cairn, GAIL celebrate dispute-free association
Enjoy 10 years of gas sales arrangement at Ravva venture More

Bajaj brothers close to reaching settlement
Company Law Board resumes hearing on 4-year-old dispute More

Views differ on gold’s response to sub-prime woes
Trade still bullish on prospects, awaits Fed rate decision More

Film financing: Banks sing regional tune
Mumbai, Aug 29 Banks are keen on increasing their exposure to regional cinema with more and more big-banner Bollywood filmmakers producing such movies and the kind of growth potential they see in this sector, say media analysts. Among regional ... More

Bank consolidation not inevitable — Multi-tiered model still relevant
Bank consolidation is again in the news. The boards of State Bank of India (SBI) and State Bank of Saurashtra (SBS) are reported to have approved the merger of the latter with the former. Predictably, and almost axiomatically, the merger ... More

Tough norms on telecom merger laws proposed
TRAI fixes combined market power of merged entity at 40% More

Infosys plans hiking billing rates on rising Re, staff costs
No slowdown in US business seen; China operations not up to the mark, says CEO More

Bt cotton field study reveals mixed picture
Yield, income up but ‘reduction in pesticide not as claimed’ More

BRANDS WE LIVE WITH
The quintessential teacher and leader
This new series on the stalwarts and stars of the corporate world features R. Gopalakrishnan this week. More

Why did SBI pick up State Bank of Saurashtra to kick off consolidation?
Chennai, Aug 29 For a very long time, SBI associates have remained in the shadow of the giant parent while many comparative banks overtook the associates and became much bigger.Although small and dependent on the parent bank for ... More

Capital goods stocks hog the limelight
Most companies have order books full for next two years More

Low liquidity not an issue for equity funds
Entry of more small-caps in portfolios More

Electrosteel: Betting on new investment plans
Electrosteel Castings is said to be witnessing accumulation by investors following the company’s decision to invest in a new steel unit. As the company recently informed, its board has okayed a decision to allocate up to Rs 630 crore in ... More

Realtors turn failed malls into offices
More


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