Business Daily from THE HINDU group of publications
Wednesday, October 24, 2007
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Commodities (Oct 23)
Gold (per gram) Rs907
Silver (per gram) Rs19.25
Brent crude (per bbl) Rs3,317
Markets (Oct. 23)
BSE Sensex18492.84 (+878.85)
S&P CNX Nifty5473.70 (+289.70)
US Dollar39.64 (-0.26)

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Sensex zooms 878 points on SEBI clarification
Registers highest gain in 15 months in point terms More

GM setting up facility for powertrains
To launch its 2nd SUV ‘Captiva’, small car from global portfolio More

Satyam acquires UK co Nitor for $5.5 m
Inks multi-year deal with Fujitsu for outsourcing services to Reuters More

Higher billing rates boost Satyam Q2 net, revenues
Hyderabad, Oct. 23 IT services provider Satyam Computer has posted 29 per cent higher revenues and 28 per cent increase in net profit over last year. Increase in billing rates, revenues from a much more distributed business and ... More

Dual tech to CDMA operators: Cellular players take DoT to court
‘The dept has acted with unseemly haste’ More

Norms issued for stock options valuation
Computation of fair market value for FBT More

Suzlon to split stock, list group co Hansen on LSE
Posts 40% rise in Q2 net at Rs 356 cr More

Ashok Leyland reports modest sales figures; net dips 16%
Chennai, Oct. 23 Ashok Leyland has managed to retain volumes in a falling market and is continuing its capex and product upgradation plans in anticipation of a market recovery.For the second quarter ended September 30, 2007, Ashok ... More

‘CV sales slowdown not just due to interest rates’
Financiers cite excess capacity as reason More

UP mills owe sugarcane growers Rs 1,460 crore
Bajaj Hindusthan tops list of defaulters More

Why Participatory Notes are dangerous
Participatory Notes are a slap on the face of every citizen who is an investor. To invest in shares one has to fill up umpteen forms and provide proof of residence, PAN number, and so on. But for PN investors, the system is totally silent, even on ba sic information. Why not have confidence in the India story and realise that we can get funds with addresses without offering such anonymity, asks R. VAIDYANATHAN. More

Right move on PNs
More

Today's Pick: Asian Paints (Rs 974.6)
We recommend a buy in Asian Paints at current levels. Asian Paints has been on a long-term up trend since 2003. A medium term up-trend is in place in the stock since the March low of Rs 650. However, the stock met with a resistance around Rs ... More

Day Trading Guide
The stock moved higher in line with our expectation. However, fresh long should be initiated only if the stock moves above Rs 1,125. Infosys The near-term outlook for Infosys stays negative. Wereiterate our sell ... More

Iron ore stocks move up on price hike hopes
With the BSE and NSE benchmarks scoring their biggest single-day gains, iron ore stocks such as Sesa Goa, National Mineral Development, and SAIL were major beneficiaries. Sesa Goa gained 10.93 per cent at Rs 3097.35 and SAIL moved up 10.9 per ... More

IMPACT
Zee results better than expected
Sports business may merit a close watch More

P-Note curbs: It’s only quality control, says SEBI
Kolkata, Oct. 23 SEBI’s proposed initiative on participatory notes is not an attempt to kill two birds with one stone, just one bird. Mr M. Damodaran, SEBI Chairman, made it amply clear on Monday that capital control was not in ... More

LFP Group eyes 5% stake in DSE
New Delhi, Oct 23 The Delhi Stock Exchange (DSE), which is one of the oldest stock exchanges in the country, has yet another foreign investor knocking at its door. Levi Family Ltd Partnership (LFP Group), an overseas equity fund, wants to ... More

‘Venture capital, PE deals to touch Rs 70,000 cr by 2009’
PE funding may swell to $20 b by 2010: Study More

Arabian Sea storm may divert flows
A day after the northeast monsoon was officially declared as having set in over the Bay of Bengal, ‘disruptive features’ evolving to the west over the Arabian Sea have sent weathermen scurrying back to their map rooms. The ... More


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