Business Daily from THE HINDU group of publications
Wednesday, October 31, 2007
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Commodities (October 30)
Gold (per gram) Rs934
Silver (per gram) Rs20.40
Brent crude (per bbl) Rs3,507
Markets (Oct. 30)
BSE Sensex19783.51 (-194.16)
S&P CNX Nifty5868.75 (-37.15)
US Dollar39.39 (-0.08)

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RBI raises cash reserve ratio in liquidity mop-up
Policy addresses ‘only part of liquidity overhang’; capital inflows still a challenge More

‘No signal to raise interest rates’
New Delhi, Oct 30 The Finance Minister, Mr P Chidambaram, has said that the Reserve Bank of India’s move to raise the requirement for banks to keep cash with the central bank was intended to mop up excess liquidity from the system. ... More

RBI policy pushes Sensex down
More

Glenmark outlicences pain molecule to Eli Lilly; deal projected at $350 m
In what will be the third molecule from Glenmark Pharmaceuticals Ltd to get out-licensed, the company has entered into an agreement with Eli Lilly for its prospective pain molecule, GRC 6211. The deal has a projected potential of $350 million, ... More

Surge in global oil prices boosts ONGC Q2 net by 22%
Focus on increasing production, cut expenditure More

IOC net profit rises 32% on higher refining margins
Company makes forex gains of Rs 1,250 cr during Q2 More

DLF posts Rs 2,018-cr net profit
Real estate firm DLF Ltd recorded a consolidated net profit of Rs 2,018 crore in the second quarter ended September 30, up 32 per cent from the first quarter profit of Rs 1,524 crore. The company got listed in the middle of this year. ... More

Norms for short sales relaxed
To widen and deepen g-sec markets More

Mid-term Review of Monetary Policy 2007-08: Exceptional response
More

`We want to ensure India will be island of stability
Strange, unusual things are happening globally: Dr Reddy More

Asset price boom is a challenge, says RBI
10 banks identified as ‘outliers’ in realty, stock market exposure More

Infosys pursuing 15 global deals worth $100 m each
New Delhi, Oct. 30 India’s second largest software exporter Infosys Technologies on Tuesday said it is pursuing at least 15 global deals each worth over $100 million, even as it aims to grow domestic market business to five per cent of ... More

Today's Pick: Steel Authority of India (Rs 261.05)
We recommend a sell in Steel Authority of India (SAIL) at current levels. It is evident from the weekly chart of SAIL that it has been on a steady long-term uptrend since the July 2006 low of Rs 64. From the daily chart, we note that the ... More

Day trading guide
The stock was very volatile in the last trading session; recording a spinning top candlestick pattern that denotes indecisiveness. Desist from trading in this stock. Infosys Infosys declined on Tuesday in line ... More

CRR hike may impact realty players
Kolkata, Oct. 30 The Reserve Bank of India’s move to hike cash reserve ratio by 50 basis points is likely to reduce the availability of rupee-denominated capital for real estate developers. According to industry insiders and ... More

CRR hike: Auto index worst hit
Benchmark underperforms other indices More

IMPACT
Glenmark deal: Phase II success is crucial
One of the largest licensing pacts in terms of fees More

Corporates offer cars to retain talent
New Delhi, Oct. 30 A rapidly increasing attrition rate in the corporate world seems to be widening the opportunity-cake for the corporate car leasing industry. After non-poaching agreements with other companies and contracts with their ... More


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