Business Daily from THE HINDU group of publications
Thursday, March 06, 2008
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Commodities (March 05)
Gold (per gram) Rs1,170
Silver (per gram) Rs27.95
Brent crude (per bbl) Rs3,936
Markets (March 5)
BSE Sensex16542.08 (+202.19)
S&P CNX Nifty4921.40 (+57.15)
US Dollar40.32 (-0.04)


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‘Let existing Hyderabad, Bangalore airports continue’
Parliamentary panel says Centre has time to modify/scrap clause on closure More

SEBI board to review primary market issuance process
FII registration norms likely to be eased further More

PM defends farm loan waiver
‘Picking up unpaid distress bills NDA had left behind’ More

REL board okays Rs 2,000-cr buyback at Rs 1,600/share
Mumbai, March 5 The board of Reliance Energy Ltd on Wednesday approved a Rs 2,000-crore share buyback, in a bid to shore up its market value. The company proposes to buy its own share at a maximum price of Rs 1,600 each, which is at a premium ... More

DoT okay with Tata-Virgin deal
Govt mulls allowing MVNO More

2 TCS clients postpone projects in current quarter on US worries
Impact on financials ‘not quantified’; new unit for SMEs formed More

Credit derivatives: Banks asked to detail exposure
‘Problems could arise if overseas units post losses’ More

Provide power in rural areas to qualify for funds, States told
New Delhi, March 5 In a bid to ensure rural electrification efforts pick up pace, the Government, besides ramping up the allocation of its flagship programme, is planning to make the release of capital subsidy under the scheme conditional to ... More

Hold price line, Govt tells manufacturing sector
‘Produce goods and services to meet rising demand’ More

Binani Zinc to double capacity, invests Rs 500 cr
Zeroes in on 3 mines in Rajasthan; plans tech upgrade More

Banking stocks still under selling pressure
Credit Suisse, Morgan Stanley downgrade sector More

Brokerage stocks fall by 50% since January
Budget proposals, global cues aid decline More

AT&T to invest more in India operations
To set up 3 new nodes, Internet data centre More

Net FII Investment in Equities
More

IMPACT
Budget boost for pharmaceuticals sector partially neutralised
As pricing body orders 4.58% price cut More

IMPACT
Nestle India: Margins healthy despite input pressures
Poised to benefit from health, wellness segments More

Financial infrastructure + debt waiver = financial inclusion?
The overall burden on the banking sector, of the loan write-offs of Rs 60,000 crore proposed in Budget 2008, is yet to be analysed fully, says Mr Robin Roy, Associate Director, Financial Services, PricewaterhouseCoopers (P) Ltd. ... More


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