Business Daily from THE HINDU group of publications
Thursday, November 22, 2007
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Commodities (Nov 21)
Gold (per gram) Rs947
Silver (per gram) Rs20.90
Brent crude (per bbl) Rs3,761
Markets (Nov. 21)
BSE Sensex18602.62 (-678.18)
S&P CNX Nifty5561.05 (-219.85)
US Dollar39.41 (+0.02)


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Sensex takes a 678-point knock on weak global cues
FIIs turn net sellers; market breadth negative More

Spectrum talks make little headway
New Delhi, Nov. 21 The reconciliatory meeting between the Department of Telecom and the telecom companies on Wednesday turned out to be a damp squib, with the Government failing to thrash out a consensus on allocating spectrum. The importance ... More

Regulator, DoT divided over key policy issues
Decisions on spectrum, licence not in our recommendations: TRAI More

Tatas eye Europe with electric Indica
Foreign collaborator roped in; launch by 2009 More

Job-hopping: Pay matters the most
Bangalore, Nov. 21 Losing employees to competition? Then pay for performance could be the carrot companies should dangle to battle rising attrition rates. According to the 8th Annual Asia-Pacific Salary Increase Survey, a study conducted by ... More

Start hedging liabilities, bankers tell importers, cos
With high oil prices, rupee is due for some correction, they say More

New concession policy for single super phosphate planned
To be input-based; likely to be finalised in a week More

Hedging, the only logical option for airlines to control ATF cost
More

Yachiyo of Japan plans Indian subsidiary for plastic fuel tanks
New Delhi, Nov. 21 Japan-based Yachiyo Industry Co, which is involved in production and sales of automobiles and automobile parts, is planning to establish a subsidiary in India for manufacturing plastic fuel tanks for passenger cars and ... More

Momentum stocks lead declines
Outperformers hit by wave of profit-booking More

SEBI mulls introduction of real estate investment trusts
Mumbai, Nov. 21 Proposals for introduction of real estate investment trusts in India, guidelines for real estate mutual funds, and regulations for trading in securitised debt instruments are on the agenda of the capital markets regulator SEBI ... More

Today’s Pick: Ashok Leyland (Rs. 40.70)
We recommend a sell in Ashok Leyland from a short-term perspective. The stock has been confined to a sideways range between Rs 30 and Rs 50 since early 2006. But a sharp spike was witnessed since November 13, that has resulted in a 24 per cent ... More

Day Trading Guide
The stock is halting above the key support at Rs 1,100. Fresh shorts should be initiated only if the stock moves below this level.Infosys

Infosys continues to drift lower. We retain our sell ... More

90% of individual stock futures see jump in contract value
Out of reach for small investors? More

FIIs net sellers of Rs 4,200 cr
Chennai, Nov. 21 Nifty November future tumbled by 4.21 per cent to close at 5540.70. The Nifty November future also moved into discount of about 20 points with respect to the spot close. It ended Tuesday in premium of about four points. Open ... More

PBA Infra active on order buzz
PBA Infrastructure, a Mumbai-based road construction company, has been active for the past one week on the market buzz suggesting that it has bagged road construction order in Uttar Pradesh worth Rs 300 crore.There has been no official ... More

Religare lists at 75% premium
Religare Enterprises Ltd, a financial services firm made its debut on the BSE and the NSE on Wednesday at a premium of 75 per cent against the offer price of Rs 185 at Rs 323.75.The stock witnessed a high of Rs 601, a low of Rs 323.75, ... More

BRANDS WE LIVE WITH
Earning his stripes the classic way
This week’s column features a pioneer of automotive graphics. More


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