Business Daily from THE HINDU group of publications
Thursday, January 17, 2008
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Commodities (Jan 16)
Gold (per gram) Rs1,063
Silver (per gram) Rs23.30
Brent crude (per bbl) Rs3,573
Markets (Jan. 16)
BSE Sensex19868.11 (-382.98)
S&P CNX Nifty5935.75 (-138.50)
US Dollar39.29


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BSNL may not go in for IPO, after all
Employees’ strike threat causes DoT to rethink plans More

Improved pricing, productivity lift TCS
Consolidated net rises 19% in Q3 More

TCS cushion against rupee rise at $3.1 b
Mumbai, Jan 16 TCS ended the third quarter of the fiscal with a hedge position of $ 3.1 billion, at a rate slightly higher than Rs 40 to the dollar, said Mr S. Mahalingam, Chief Financial Officer.In the previous sequential quarter, the ... More

Sensex slips below 20K
Mumbai, Jan. 16 With foreign institutional investors continuing to press the ‘sale’ button and general negative sentiment worldwide, equity values continued to slide in the domestic market. The BSE benchmark index Sensex slipped ... More

Reliance Power IPO: Most subscribe in the upper band
More

Good demand, higher prices boost India Cements Q3 net
India Cements Ltd continued its buoyant growth in 2007-08 with its net profit and turnover growing at nearly 60 per cent during the third quarter compared to the corresponding period of the previous year.The buoyancy in cement prices ... More

There’s more in it than meets the eye
COLOURFUL BANKING More

Focus on adjusting indirect taxes to spur consumer durables growth
PM’s Economic Advisory Council sees 8.5% GDP growth More

Current credit crunch is more than bursting of ‘bubble’
More

Simplex to foray into thermal power production
More

HCL’s two low-cost laptops to be available from Jan 26
Some features dispensed with to keep prices down More

Vedanta chalks out $12.5-b investment plan
To increase production capacity for each of its primary metals More

Today's pick: Indus Fila (Rs 343.85)
We recommend a buy in Indus Fila at current market price. It is evident form the weekly chart of Indus Fila that the stock has been steadily trending up since its IPO (March 2007). The stock broke out of a sideways consolidation range between Rs ... More

Day Trading Guide
In the last trading session, the stock recovered from the day’s low and is trading above the key support level of Rs 1,350. We recommend buy in this counter.Infosys The stock has breached its significant ... More

Recent cues to Mahindra Holidays value
Pre-IPO placement at Rs 510/515 per share More

FIIs dump index, stock futures
R-pack adds open interest More

Negative sentiments pull down power stocks
‘Re-rating taking place due to Reliance Power IPO’ More

Not all small stocks caught in turbulence
Kolkata, Jan. 16 The world of small stocks is currently witnessing a quake of sorts as frothy valuations get demolished, but not all counters in this space are witnessing a downward revision. A sample of 16 such BSE-listed stocks across the ... More

Global challengers
A recently released report from The Boston Consulting Group catalogues how 100 companies from rapidly developing economies are changing the world. More

TCS Q3 numbers just meet expectations
Company cautious in terms of outlook More

Reliance Ind, Reliance Energy recover on fund buying
Reliance Industries and Reliance Energy Ltd have witnessed a sharp recovery from the day’s low on Wednesday and helped the broader market to recover some of the losses. While the former touched a low of Rs 3,032.6 and recovered to close at ... More


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