Business Daily from THE HINDU group of publications
Thursday, December 06, 2007
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Commodities (Dec 5)
Gold (per gram) Rs947
Silver (per gram) Rs20.35
Brent crude (per bbl) Rs3,533
Markets (Dec. 5)
BSE Sensex19738.07 (+208.57)
S&P CNX Nifty5940 (+81.65)
US Dollar39.49 (+0.03)


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Low credit offtake forces banks to focus on investments
Resources deployed in G-Secs; investment deposit ratio up More

Novartis drops Exelon patent suit against Sun Pharma
Mumbai, Dec. 5 Sun Pharma’s generic drugs business in the US received a shot in the arm, after Novartis dropped a patent infringement suit against it and Watson Pharmaceuticals Inc over its Alzheimers and dementia drug Exelon. ... More

‘Air Deccan, Kingfisher merger may take time’
Share swap ratio needs to be finalised, says Gopinath More

Rlys hikes freight charges for iron ore exports yet again
Congestion surcharge up 60% from 35% More

Cabinet to examine fertiliser policy in Jan
New Delhi, Dec. 5 The new fertiliser policy is likely to be sent for the approval of the Union Cabinet in January.“The draft policy is ready and we will put it up before the Cabinet next month. The policy aims to attract ... More

Equity valuation could see upside of 10-15%: S&P
Overall growth rate in India will moderate next year More

Tyre exports increase despite rupee rise
‘Lower domestic demand from OEMs led to sudden surge’ More

Grasim divests Shree Digvijay Cement stake for Rs 322 cr
Mumbai, Dec 5 Grasim Industries Ltd, an Aditya Birla flagship company, has divested its entire equity holding of 53.63 per cent in Shree Digvijay Cement Company Ltd (SDCC) to Cimentos De Portugal, SGPS, South Africa (Cimpor) through its ... More

Solvency margins of non-life players may dip
Fallout of increased competition post free-pricing, says IRDA More

Nestle’s Maggi matters
What Nestle did with the Maggi brand in India set the pace for a host of followers. More

Satyam, arvato systems tie up to tap European mid-size market
Hyderabad, Dec. 5 Satyam Computer Services and arvato systems, the IT division of the Bertelsmann Group, have joined hands to provide solutions and offshore services to the medium-sized enterprise market — der ... More

BT to have 51% stake in Accel Frontline
Move follows British Telecom’s acquisition of Frontline Technologies More

Subsidy dues: Fertiliser sector may get Rs 5,000 crore more
Fertiliser Ministry unsure if payment will be in cash fully More

Today's Pick: JB Chemicals (Rs 71.45)
We recommend a buy in JB Chemicals & Pharmaceuticals at current market price. It is evident from the weekly chart of JB Chemicals that it has been on a long-term downtrend since its life high of Rs 139, recorded in early 2006. However, ... More

Day trading guide
The stock is range bound between Rs 1,100 and Rs 1,200. Sell the stock in rallies with stop loss at Rs 1,210.Infosys The stock is losing momentum and the volumes are also declining. Desist from trading in this ... More

Investors remain bullish on power sector cos
Betting on infrastructure boom, 11th Plan More

Ispat Industries turns star performer
Premium widens for Nifty Dec future More

Essar Steel turns active ahead of de-listing
Analysts feel offer price does not reflect the true value More

IMPACT
Apar Industries tie-up to boost earnings prospects
Will help it to foray into high-end lubricants More

Tata Chemicals jumps on re-rating talk
The stock of Tata Chemicals has been accumulated by punters on expectation that it would be re-rated soon by institutions. Market sources say that the stock has been witnessing a lot of institutional buying – both domestic and ... More

IMPACT
Dish TV fund-raising: More in store?
Only marginal equity expansion More

Trust banks to draw up your will and execute it too
NICHE SERVICES More


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Union Budget 2007-08

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Looking back
Nov. 25-Dec. 1
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