Business Daily from THE HINDU group of publications
Wednesday, October 17, 2007
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Commodities (Oct 16)
Gold (per gram) Rs905
Silver (per gram) Rs19.55
Brent crude (per bbl) Rs3,256
Markets (Oct. 16)
BSE Sensex19051.86 (-6.81)
S&P CNX Nifty5668.05 (-2.35)
US Dollar39.37 (+0.04)

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SEBI plans curbs on FII participatory notes
Bid to stem unbridled inflows into the stock market More

High level of capital inflows ‘a matter of concern’
New Delhi, Oct. 16 The high level of capital inflows into the Indian stock markets is a matter of concern, a Finance Ministry official has said. “Inflows are high as foreign institutional investors find Indian shares attractive”, ... More

TCS hiring plans ‘well on track’
Mumbai, Oct. 16 Tata Consultancy Services (TCS) expects wage rises to stabilise by fiscal year 2009 and has unveiled plans for hiring about 9,000 people for the quarter ending December 31. The plan of hiring 35,000 new employees during fiscal ... More

Housing Development bags Mumbai airport slum rehab project
Over 2.5 million sq ft of built up area needed to resettle about 80,000 slum households More

Sensex ends flat in see-saw trade on weak Asian cues
Mumbai, Oct 16 After breaching the 19,000 landmark, the BSE benchmark Sensex ended almost flat on Tuesday. The market witnessed high volatility with the Sensex hitting an intra-day low of 18,777.75 and intra-day high of 19,174.45, ... More

Non-basmati rice prices crash on export ban
Pusa-1121 rates drop to Rs 1,900 a quintal in Haryana mandis More

Are investors willing to bite the research bullet?
Pharma cos hiving off research divisions More

Crude oil prices continue to rule high, pushing $88
Bail-out package for oil companies ‘may prove inadequate’ More

Oil price a global economy risk
More

Sub-prime crisis brewing here, warns Tarapore
More

Power sector financiers for changes in bidding norms
Seek tariff band to be used as the guideline More

Medium-term prospects for TCS reasonable
Fixed price contracts are also showing an increasing trend More

HCL Tech Q1 net income rises on new orders
Earns $3.5-m forex gain; Vineet Nayar made CEO More

Today's Pick: Bajaj Auto (Rs 2540.55)
We recommend a sell in Bajaj Auto at current levels. After marking a life high at Rs 3,325 in May 2006, Bajaj Auto has been in a long-term downtrend; moving within a downward moving channel. The nascent rally that commenced from the July low ... More

Day trading guide
In line with our expectation, the stock recorded a life-high in the last session. The near-term outlook is positive. We recommend a buy.Infosys The stock broke through the flag pattern by declining 3 per cent ... More

Mineral stocks’ prices go through the roof
Demand far exceeds the supply, say analysts More

Power stocks sizzle in volatile market
Growth potential boosts sentiment More

IMPACT
HDIL to benefit from airport project
Expects revenue flows of Rs 18,000 crore More

A space flight for $200,000
VIRGIN ADVENTURE More

NE monsoon seeks launch window
Thiruvananthapuram, Oct. 16 The withdrawal of southwest monsoon made no further progress on Wednesday relative to its position the previous day thanks largely to the drag created by the rogue ‘low’ persisting over Bangladesh and ... More


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