Business Daily from THE HINDU group of publications
Thursday, October 04, 2007
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Commodities (Oct 03)
Gold (per gram) Rs880
Silver (per gram) Rs19.20
Brent crude (per bbl) Rs3,078
Markets (Oct. 3)
BSE Sensex17847.04 (+518.42)
S&P CNX Nifty5210.80 (+141.85)
US Dollar39.72 (-0.15)

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Volatile Sensex sets new record
Trading concentrated in a few stocks; FII inflow continues unabated More

Chidambaram cautions retail investors
New Delhi, Oct. 3 Even as the benchmark Sensex extended its gains and came close to the 18,000-mark on Wednesday, the Union Finance Minister, Mr P. Chidambaram, advised caution to retail investors looking to enter the market at this ... More

Rupee ends the day with a sharp rise
Mumbai, Oct. 3 The rupee rose to a fresh nine-year high of 39.58, with most of the gains coming in during the last one hour of trade. Foreign exchange dealers said that the rupee witnessed a steep gain during the latter part of the trading ... More

Govt may absorb rupee funds
New Delhi, Oct. 3 The Government has hinted that it could absorb more rupee funds from the market so as to indirectly help the RBI rein-in the appreciating rupee. The Finance Minister, Mr P. Chidambaram, said that the Government would review ... More

Spectrum for mobile services will be available in Nov: Raja
Operators spar over method of allocation More

Reliance plans facility to convert petroleum coke into synthetic fuel
Reliance Industries Ltd is planning to convert petroleum coke, a low-value residual output of refining crude petroleum, into synthetic fuel such as diesel and naphtha. Given the differential in prices between the two products, the ... More

Som Mittal to succeed Karnik at Nasscom
New Delhi, Oct. 3 Nasscom on Wednesday announced the appointment of Mr Som Mittal as the new President of the software association. Mr Mittal, who is now the Head of Services Business of Hewlett Packard for Asia Pacific and Japan ... More

Ranbaxy hikes stake in Zenotech Lab to 45%
To make open offer at Rs 160 per share More

Derivatives not for retail investors
More

Rupee appreciation upsets export arithmetic
Rising costs and an appreciating local currency can apply pressure on both the cost and revenue sides and render export trade quite uneconomic, says T. B. KAPALI. More

Rising Re: ‘BPOs, small cos under pressure’
Impact more as they have less levers to act on: Nasscom More

Private sector oil cos’ retailing biz continues to take a hit
No relief from regulatory board on the issue of level-playing field More

Cement prices in South likely to hold for now
Chennai, Oct. 3 Cement prices in the South are firm and are likely to hold for now. Normally, prices would drop at this time on slack demand due to rains and the start of the festival season. But the situation is expected to change ... More

Brand new impact
A clutch of companies, from telecom providers to banks and airlines, are re-branding themselves. BrandLine examines the efficacy of this exercise. More

REC forms subsidiary for foray into power distribution
Initial focus on monitoring distribution activities in States More

Today's pick: HCL Technologies (Rs 305)
We recommend a buy in HCL Technologies. From the weekly chart, we note that the stock has been on a long-term uptrend since mid-2003. However, after finding resistance around Rs 355 in May 2007, it began to decline and has been on a medium-term ... More

Day Trading Guide
More

Volatile market keeps dealers on their toes all the time
Capricious movements More

IMPACT
DLF re-rating backed by co’s recent moves
Pan-India presence, scale economies begin to kick in More

IMPACT
Ranbaxy to ride biopharma wave
Cool off likely in Zenotech stock More

IT stocks shed fear over rupee
Quarterly results, profit guidance would set the trend More

Adani Enterprises in limelight
Adani Enterprises has been one of the star performers on the bourses. The stock gained 70 per cent in a month’s time and 31.51 per cent in a week’s time. According to market sources, the stock has been gaining on the back of market ... More

Evolution of financing in Bollywood
‘It was never easy to get funding those days’ More


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