Business Daily from THE HINDU group of publications
Wednesday, November 07, 2007
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Commodities (Nov 06)
Gold (per gram) Rs952
Silver (per gram) Rs20.75
Brent crude (per bbl) Rs3,628
Markets (Nov. 6)
BSE Sensex19400.67 (-190.11)
S&P CNX Nifty5786.50 (-60.80)
US Dollar39.29 (-0.05)


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Chidambaram to mediate on power, equipment issues
Tackling problem of slippages and achieving capacity addition targets More

Setback for Videocon SEZ plan
Maharashtra Govt stays land acquisition process More

Panel on spectrum allocation norm set up
New Delhi, Nov. 6 In a bid to arrive at a compromise formula with agitated GSM operators, the Communication Ministry has formed a new committee to review the subscriber linked spectrum allocation criteria specified by the Telecom Engineering ... More

Reliance makes 2nd gas find in Krishna basin
Mumbai, Nov. 6 Reliance Industries said that it has made a second gas discovery in what it referred to as the “Miocene clastics reservoir” in the Krishna basin. The company holds 100 per cent participating interest in the block. ... More

ICICI Bank cuts rates on special deposits again
Mumbai, Nov. 6 ICICI Bank has cut interest rates on special deposit schemes by 25-50 basis points and also realigned rates in some segments, effective November 12. The interest rate on 390-day deposit will now stand at 8.50 per cent (9 ... More

ONGC Videsh in talks for buying stake in Sudan blocks
Already has a presence in 3 blocks in the African country More

Sensex drops 190 points after a volatile show
Mumbai, Nov. 6 The run-up to the festival season and weak global cues continued to keep domestic equity markets volatile. Tuesday saw the Sensex open with a positive gap of 100 points, only to drop more than 500 points intra-day. ... More

City gas distribution: Adani to seek nod for rollout
Explores entry options into Myanmar More

Rlys, NTPC in venture for power plant
New Delhi, Nov 6 Indian Railways hopes to save Rs 400-600 crore annually by sourcing power from the 1,000 megawatt (MW) captive power unit to be set up at Nabinagar in Bihar. The project, which is targeted to be functional in four years, would ... More

Are Indian oil companies ‘bidding on the riskiest properties’ overseas?
More

Insurers wary of US sub-prime woes’ impact
Fear hardening of reinsurance rates as more casualties emerge More

Strong Re pegs cost down for vegoil consumers
Import tariff cuts also keep domestic prices under check More

Re appreciation opens new M&A opportunity for India: Assocham
New Delhi, Nov 6 Appreciation of rupee against the dollar has thrown a new M&A opportunity for India Inc, which wants to reach out to the world by acquiring concerns on a global scale, according to the industry chamber, Assocham. A ... More

Long distance operators not paying levy: BSNL
All dues cleared, say some telephony operators More

NIIT, NComputing team up for low-cost education in schools
Every user can simultaneously work on different applications More

Today's pick: Federal Bank (Rs 406.80)
We recommend a buy in Federal Bank at current price. It is evident from the weekly chart that the stock has been on long-term uptrend since March trough at Rs 188. We note that the stock has appreciated more than 100 per cent since this low. The ... More

Day Trading Guide
In line with our anticipation, the stock fell on Tuesday. However, watch out for a reversal above Rs 1,210.Infosys Infosys is in a short-term downtrend. We retain our sell recommendation.L&TL&T ... More

MSCI adds 8 stocks to India Index
Seven removed; changes to take effect from Nov 30 More

Reliance Petroleum tumbles 17% on CLSA downgrade
Short positions in F&O added pressure: Brokers More

MSCI index changes may not impact much
Individual stocks may witness higher interest More

JP Morgan sets Sensex target at 22500
Mumbai, Nov. 6 Global investment bank JP Morgan, which recently changed its outlook on the Indian equities market from “underweight” to “neutral” has a Sensex target of 22500 by December 2008.Although this is 20 ... More

Neyveli Lignite in the limelight
Analysts bullish on capex plans More

Value buying in Salzer Electronics
Salzer Electronics — in which L&T Capital recently picked up 14.95 per cent stake — shot up 9.54 per cent on Tuesday with more than 3 times its average fortnightly volume on the BSE and finished at Rs 148.65. According to ... More

Shortage of building workers slowing down industry growth
A study by CII confirms the alarming trend More


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