Business Daily from THE HINDU group of publications
Friday, November 02, 2007
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Commodities (Nov 01)
Gold (per gram) Rs941
Silver (per gram) Rs20.50
Brent crude (per bbl) Rs3,448
Markets (Nov. 1)
BSE Sensex19724.35 (-113.64)
S&P CNX Nifty5866.45 (-34.20)
US Dollar39.34 (-0.01)

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Govt weighing options as crude oil prices near $100
More bonds for oil marketing companies, duty adjustments being contemplated More

The rising cost of under-recoveries
The price of Indian crude basket has shot up 52 per cent since February this year when oil companies had cut petrol and diesel prices. On Wednesday, the Indian crude basket was at $84.31 a barrel. The basket in October averaged at $79.33 a ... More

Crude triggers profit booking on markets
Sensex fluctuates, closes 114 points down More

L&T bags Mumbai airport contract
Rs 5,550-cr order to build new integrated passenger terminal at international airport More

Radio Ga-Ga — Audience ratings leave everyone guessing
New Delhi, Nov. 1 The first Radio Audience Measurement (RAM) has crowned its kings. Radio Mirchi, ranked number one across various parameters tracked by TAM Media Research, however, refuses to be crowned. The figures are a joke, says ... More

Hello, Governor
More

Sept exports rise 4.31% in Re terms; imports down
Trade deficit in first half increases More

Interest rates poised for downward correction
Consumer credit growth down to 10%, says Kamath More

Monetary Policy: Caught in a trap
It was no surprise. The Reserve Bank of India increased the cash to be kept by banks from 7 per cent to 7.5 per cent in its half-yearly review of Monetary Policy. This earns no interest and, therefore, indirectly pushes up their ... More

HCL investing Rs 2,750 cr in 3 technology hubs
Flags off Noida facility; Tier-II cities likely to be covered More

2-wheelers, Honda Siel, Skoda sales drop in Oct
New Delhi, Nov. 1 The beginning of the festive season has brought less cheer for auto manufacturers as sales during October fell for players such as Bajaj and TVS in the two-wheeler segment and Honda Siel Cars and Skoda in the ... More

No assets, please…
Their address in Mumbai is an email ID and mobile number, and their office a laptop with USB card. Even Fortune 100 companies love to do business with them. More

DoT against inclusion of 450 Mhz as 3G band
Move irks CDMA operators; blow on global telecom body More

‘India fastest growing biz intelligence market in Asia’
Mumbai, Nov. 1 The market for Business Intelligence (BI) platforms in India has grown by 35.6 per cent in 2005-06, making it the fastest growing geography for business intelligence in Asia. In the period, SAP grew at 70.3 per cent to ... More

Today's pick: Bongaigaon Refinery (Rs 66.75)
We recommend a buy in Bongaigaon Refinery and Petrochemicals at current levels. It is evident for the weekly chart that after recording a life-time high of Rs 107 in late 2004, the stock began to decline and was in a long-term downtrend till ... More

Day Trading Guide
ICICI Bank could have formed a short-term low at Rs 1,147 on Wednesday. Buy the stock if it moves above Rs 1,320. Infosys

The stock gained in the last session but it continues to be within the confines ... More

FMCG stocks slump following Hind Unilever weak numbers
12 out of 13 BSE FMCG index stocks decline More

FIIs’ holding crosses Rs 10-lakh crore mark
Strong exposure in Gujarat NRE Coke, IDFC More

Fed cut: Marketmen expect more FII flow
Mumbai, Nov. 1 The 25 bps US Federal rate cut was in line with the expectations of most marketmen in the country. This cut followed a rate cut last month of half a percentage point, that is from 5.25 per cent to 4.75 per cent. The Fed rate cut ... More

Tea deal talk lifts Balmer Lawrie
The recent market buzz has been that the diversified ‘mini ratna’ PSU Balmer Lawrie may soon finalise the sale of its London tea business for about Rs 100 crore and consider a 1:1 bonus to capitalise its bulging retained profits. ... More

IMPACT
HC decision: Not much relief for sugar
Mills in UP may face margin pressures More

Nifty future trails Nifty by 33 points
Chennai, Nov. 1 Trading activity picked up in the F&O segment on the NSE amidst volatile condition. Turnover at Rs 99,734 crore was much higher than Wednesday’s figure of Rs 71,090 crore. However, Nifty November future turned deep ... More


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