Business Daily from THE HINDU group of publications
Tuesday, November 20, 2007
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Commodities (Nov 19)
Gold (per gram) Rs939
Silver (per gram) Rs20.65
Brent crude (per bbl) Rs3,609
Markets (Nov. 19)
BSE Sensex19633.36 (-65)
S&P CNX Nifty5907.65 (+0.80)
US Dollar39.37 (+0.05)


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Govt permission sought for online day trading in gold
Bullion trade seeks netting facility; trade-for-trade basis not favoured More

SBI Mutual to launch gold exchange traded fund
SBI Mutual Fund is planning to launch gold exchange traded fund early next year.“We should come up with some form of ETF by early next year,” said Mr O.P. Bhatt, SBI Chairman, while speaking at the international conference ... More

Nicholas in research deal with Merck
Mumbai, Nov. 19 Drug-maker Nicholas Piramal India Ltd (NPIL) has forged a drug-development deal with Merck & Co Inc to discover and develop cancer drugs for two targets selected and provided by Merck. This is NPIL’s second ... More

Virgin telecom foray details by February
New Delhi, Nov. 19 The UK-based Virgin Group is to make an announcement about its telecommunication venture in India within the next two-and-a-half months and would also like to set up a domestic airline, its founder, Sir Richard Branson said ... More

Spectrum: Subscriber norm may be ‘ad hoc arrangement’
New Delhi, Nov. 19 The Department of Telecom has taken a view that the enhanced subscriber base criterion for spectrum allocation to existing players is only an ad hoc arrangement. This could be an indication that DoT may now be open to ... More

DLF sells 49% in housing projects to Merrill arm
New Delhi, Nov. 19 Real estate company DLF Ltd today said it has sold 49 per cent stake in eight residential project SPVs to private equity investors for a total consideration of Rs 1,675 crore. A Merrill Lynch & Co entity has bought 49 ... More

LIC Housing plans Rs 400-cr pref issue
Post placement, capital to risk weighted asset ratio will rise to 21% More

Russia offers India investment option in uranium project in Siberia
In lieu of payment for Koodankulam fuel supplies More

India Cements maps out greenfield projects for N. India
Plans Rs 1,450-cr expansion to emerge as pan-India player More

Why the dollar is in the doldrums
More

‘Software as a service’ poised for growth in India
Satyam, Oracle, SAP see scope in this segment More

GPS vendors seeing spurt in demand
BPOs, IT cos reviewing security measures after Pune incident More

IIM-A placements: All 263 students get plum offers
Investment banking firms enrolled the highest number More

8 bids for wheat import tender; quotes at $397-487
With rupee gaining, paying $405 is equivalent to $389.45/t More

SGX cuts contract size of Nifty Futures to $2
But contract limit, minimum lot size raised More

Today's Pick: Eveready Industries (Rs 61.55)
We recommend a buy in Eveready Industries India at current levels. From the weekly chart of Eveready, we see that it had been on a long-term downtrend from April 2006 high of Rs 137 till October 2007. After finding support at Rs 40, the stock ... More

Day Trading Guide
The stock is pausing above the significant support level of Rs 1,600. Fresh short can be initiated only when the stock declines below the said support level.L&T

L&T has been range bound between ... More

Merck deal: Positive for Nicholas Piramal
Benefits may accrue to R&D arm More

Satyam’s new delivery model holds promise
For Indian software companies looking at alternative service delivery models, there appears to be a new avenue. Satyam Computer has announced the launch of ‘software as a service’ (SaaS) targeting SMEs in the US and Asia-Pacific ... More

Ceramic stocks in the limelight
Mumbai, Nov. 19 Despite the fact that the markets were down today by 65 points, the ceramic stocks were on a high, especially the smaller stocks. Bell Ceramics which closed at Rs 17.47 was up 8.51 per cent and it touched a record high of Rs ... More

House panel for independent assessment of ethanol availability
‘Make ethanol scheme mandatory for pvt oil marketing cos’ More


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