Business Daily from THE HINDU group of publications
Tuesday, October 16, 2007
ePaper
Commodities (Oct 15)
Gold (per gram) Rs890
Silver (per gram) Rs19.65
Brent crude (per bbl) Rs3,171
Markets (Oct. 15)
BSE Sensex19058.67 (+639.63)
S&P CNX Nifty5670.40 (+242.15)
US Dollar39.33 (-0.06)

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Bull charge lifts Sensex 639 points to top 19,000
Liquidity from foreign fund flows driving rally More

Bomb threat to BSE, NSE
Even while the Sensex was engaged in its record 640-point sprint to burst through the 19K mark on Monday, the Bombay Stock Exchange and the National Stock Exchange received an anonymous e-mail containing a threat to blow up the two ... More

TCS clocks 22.8% rise in Q2 net on better margins
Mumbai, Oct 15 With over 50 per cent of its revenues coming from new service areas such as infrastructure services, consulting and BPO, Tata Consultancy Services clocked a 22.8 per cent rise in net profit to beat street estimates for the ... More

TCS staff strength crosses 1 lakh
Mumbai, Oct. 15 Tata Consultancy Services crossed the 1-lakh employee mark during the quarter ended September 2007, closing the period with a staff strength of 1,04,347. According to Mr S. Padmanabhan, Executive Director, Human ... More

Ambanis’ accord binding on group cos: HC
‘Renegotiate gas supply pact’ More

IFCI giving option for converting debt into equity
IFCI Ltd has decided to give 30 banks and financial institutions, including Life Insurance Corporation (LIC), an option to convert a portion of their debt exposure in the country’s oldest financial institution into equity. The ... More

DoT may freeze spectrum per operator
New Delhi, Oct. 15 With the pitch for more spectrum getting shriller, mobile operators may be asked to cough up money if they want more than 10 Mhz capacity. The Department of Telecom may also put an overall cap at 15 Mhz beyond which ... More

Taiwan’s SYM looking to make India an export hub
Launches 125-cc scooter Flyte in partnership with Kinetic Motors More

Lower landed cost may favour crude palm oil import
Cheaper than degummed soya oil; vegoil imports up 23% in Sept More

Sasken posts higher net on broad-based growth
No negative impact from US crisis, says CEO More

Injunction against service tax on rent of commercial buildings
Chennai, Oct. 15 The Madras High Court has granted an interim injunction restraining the Union Finance Ministry from collecting service tax on rent of commercial buildings following a petition filed by General Star Kitchen Pvt Ltd, which ... More

Tsunami early warning centre dedicated to nation
Prediction within 30 minutes after quake in Indian Ocean More

Today's Pick: ING Vysya Bank (Rs 264.05)
We recommend a buy in ING Vysya Bank at current price. ING Vysya Bank has been on a long-term uptrend since June 2006 low of Rs 82. However, the stock met with resistance at Rs 270 level in May 2007. Since then, the stock has been moving ... More

Day Trading Guide
The stock is currently trading near its life time high. Fresh buy should be made only when the stock move above Rs 1,125.Infosys On Monday, the stock lost its initial gains and is in flag pattern formation - a continuation ... More

Diversified equity funds outperform gold ETFs
Latter started moving up of late More

FII buying lifts metal stocks
Demand from consumer industries on the rise More

Cerebra Integrated Tech
The Bangalore-based Cerebra Integrated Technologies is moving up on the BSE on acquisition and investment triggers. According to market sources, the ITES, EMS, contract manufacturing and design engineering player, which was earlier referred to ... More

RIL-RNRL dispute: Prolonged uncertainty
Issue may go back to court More


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