Business Daily from THE HINDU group of publications
Friday, February 01, 2008
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Commodities (Jan 31)
Gold (per gram) Rs1,092
Silver (per gram) Rs23.65
Brent crude (per bbl) Rs3,651
Markets (Jan. 31)
BSE Sensex17648.71 (-109.93)
S&P CNX Nifty5137.45 (-30.15)
US Dollar39.41 (-0.02)


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Tatas acquire General Chemical of US for $1 b
Set to become second largest soda ash maker globally More

Tata Chemicals acquisition timed well
To result in better profit margins More

Tata Steel earnings growth flat on higher interest cost
Clocks Rs 1,069-cr net; output falls marginally More

Higher borrowing costs dent Tata Motors net
Mumbai, Jan. 31 Tata Motors on Thursday reported a 2.8 per cent drop in its third quarter stand-alone net profit, as high borrowing costs curtailed demand for vehicles.Its profit during the quarter dipped to Rs 499 crore from Rs 513 ... More

Wockhardt Hospitals’ bids delayed by snag
Lower price band came in late for systemic adjustment More

Net connectivity improving
CABLE REPAIRS ON More

HDFC cuts home loan rates 25 bps
Housing finance company HDFC said on Thursday that it has reduced its retail prime lending rate (RPLR) by 25 basis points, with effect from February 1. The reduction in rates will benefit all the existing borrowers. The HDFC’s ... More

RCom Q3 net surges 48% on wider subscriber base
Broadband business rises 44% at Rs 456 cr More

Chidambaram maintains GDP will grow at 9%
Hints at rapid adjustments in policies to manage global uncertainties More

2006-07 GDP growth revised upwards to 9.6%
Second highest in history after 10.5% recorded in 1988-89 More

Sub-prime crisis: Replay of Charuvaka’s economics
More

Lending rates are headed down, say economists
Likely after April policy; triggered by Fed rate cut More

BMW likely to launch Mini range in India by 2009
Tokyo, Jan. 31 BMW is likely to launch a premium compact range of cars under its ‘Mini’ brand in the Indian market by 2009. The company has already done a feasibility study and would make an announcement on a possible launch for ... More

VSNL to roll out WiMAX in 12 cities next year
Chennai, Jan. 31 After the successful launch of its WiMAX services in Bangalore, VSNL intends to roll out the product in 11 more cities by March 2009. Chennai, Delhi and Hyderabad will be the first three among them, Mr Srinivasa Addepalli, ... More

Tea times at Tocklai
The proud history of the world’s first tea research station situated in a remote corner of India. More

TODAY'S PICK
Canara Bank (Rs 289.45): Buy
We recommend buy in Canara Bank from a medium-term perspective. From the charts of the Canara Bank, we note that the stock has been on a stable up-trend since its listing in 2002. However, after recording an all-time high of Rs 421 in early ... More

Day trading guide
More

Market woes: Emaar MGF cuts price band ahead of IPO
New Delhi, Jan. 31 Stung by the prevailing choppy market conditions, real estate major Emaar MGF Land, which had earlier announced plans to raise up to Rs 7,072 crore through a public offer, today decided to cut the offer price. The ... More

Fed rate cut may not augment FII inflows
Money to flow only if returns are good More

Block deals dip on cautious sentiment, FII profit booking
‘Situation will continue till markets stabilise’ More

Realty, housing finance stocks losing ground on liquidity concerns
Developers facing fall in demand, valuations being questioned More

Reliance Power: 43 lakh investors to get shares
Hyderabad, Jan. 31 Reliance Power, which recently entered the capital market with its maiden offer of 22.8 crore shares, is set to allot 15 shares apiece to 43 lakh retail investors, who have applied for 225 shares and above.On this ... More

Dry winter a legacy of La Nina year: Expert
Thiruvananthapuram, Jan. 31 The dry winter conditions (unlike wet monsoons) that north and northwest India experienced this season was only to be expected during a La Nina year, according to experts. The northwest Indian region usually ... More


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