Business Daily from THE HINDU group of publications
Tuesday, January 01, 2008
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Commodities (Dec 31)
Gold (per gram) Rs995
Silver (per gram) Rs21.00
Brent crude (per bbl) Rs3,705
Markets (Dec. 31)
BSE Sensex20286.99 (+80.04)
S&P CNX Nifty6138.60 (+58.90)
US Dollar39.44 (-0.01)


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Low-priced stocks steal the show on bourses
1,223 stocks hit upper circuit filter on BSE on retail interest More

HDFC to sell 7.15% in life venture to foreign partner
Mumbai, Dec. 31 Housing finance company HDFC said on Monday that it has agreed to sell 7.15 per cent stake in its life insurance joint venture - HDFC Standard Life Insurance Company - to its foreign partner, Standard Life (Mauritius ... More

High growth rate to repeat in 2008
Chidambaram strikes confident note More

NRI remittances stay buoyant
Current account deficit at $5.5 b in September quarter; exports slow down More

Will airlines pass on gains from lower fuel prices?
ATF COSTS 4% LESS More

Indian market doubles in value in 2007
Fourth best year for Sensex More

BSE-Power index star performer
Mumbai, Dec. 31 The top performers of 2007 amongst the thirteen odd BSE-indices were not just driven by corporate growth but also helped along by reforms in Government policy.The BSE-Power index, which topped the indices list in growth, ... More

We need image makeover for IT, BPO industries
More

Videocon, Jindal Photo, NBCC, Indo Rama plan power foray
Improving payment record of SEBs More

BPO sector gears up for more M&A activity
More

Battle for spectrum dominates telecom sector
New Delhi, Dec. 31 If 2007 will be remembered as the year when the telecom sector was in the middle of one of the fiercest battle between various operators and the Government, 2008 is expected to be the year which will be remembered for ... More

Tremendous value to be unlocked in oil & gas biz
New Delhi, Dec. 31 The state-owned upstream giant ONGC has worked out an aggressive strategy for 2008. With a market capitalisation of about Rs 2,65,000 crore, it is set for an image makeover, enhance its core activity, and strike more ... More

Woes of sugar industry likely to continue
Liquidity crunch, slow crushing could hit mills, growers More

Rupee to see choppy trade in 2008
Capital inflows into the markets will determine its movement More

YEAR-ENDER
A roller-coaster ride for life insurers in 2007
On last fiscal’s high base, growth would end up being lower More

Media: Reaching out like never before
More

Rise in salaries will continue, say cos
Pune, Dec. 31 India has always been touted as a low-cost destination for any of the software work to be carried out. But there seems to be a ripple in the industry and with many companies sharing their worries about the escalating cost, be it ... More

Limited downside to gold
Yellow metal likely to top $900 in 6 months: GFMS More

New measures may enhance commodity bourses profile
More

Today's Pick: Macmillan India (Rs 234)
We recommend a buy in the stock of Macmillan India at current market price. From the weekly chart of Macmillan, we note that it has been on a long-term downtrend from its April 2006 high of Rs 550. After declining almost 63 per cent from the ... More

Day Trading Guide
The stock has formed a spinning top candlestick pattern in the last session, indicating neutral stance. Avoid trading in this stock for the session.Infosys On Monday’s trading the stock declined and ... More

Mutual fund schemes with power sector exposure sparkle
Mumbai, Dec 31 Mutual fund schemes targeted at investments in power sector stocks have emerged as the market leader in terms of growth in net asset values in 2007, according to Mr Lokesh Nathany, national head, wealth management & PMS, ... More

Realty stocks turn a new leaf in 2007
Markets witnessed large-sized realty cos opting for IPO route More

De-merger buzz lifts Ranbaxy
Some investors have begun accumulating Ranbaxy on the assumption that the company may formalise its plan for hiving off its drug discovery research operation soon. In October, the Ranbaxy board gave in-principle approval to a proposal for ... More

No entry load for direct MF applications
Mumbai, Dec. 31 The Securities Exchange Board of India (SEBI) has decided to do away with the entry load for direct applications for mutual fund investments. According to the circular released by SEBI on Monday, mutual fund investors will be ... More


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