Business Daily from THE HINDU group of publications
Thursday, March 13, 2008
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Commodities (March 12)
Gold (per gram) Rs1,182
Silver (per gram) Rs28.20
Brent crude (per bbl) Rs4,263
Markets (March 12)
BSE Sensex16127.98 (+4.83)
S&P CNX Nifty4872 (+6.10)
US Dollar40.36 (-0.12)


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Capital goods production growth rate slumps
January industrial output index grows 5.3% against 11.6% last year More

Insurers hiring at brisk pace
Mumbai, March 12 The insurance sector is poised to become one of the biggest employment generators in India. Private insurance companies such as ICICI Prudential Life, Bajaj Allianz and HDFC Standard Life have virtually doubled their ... More

Mid-cap cos tap ‘sub-prime’ opportunities in US
Spree of acquisitions abroad likely to continue More

Banks on bulk deposits chase
Offer over 10% for short-term when call rates hover around 6% More

Sub-prime credit cards: The new financial steroids
More

Exporters cancelling, rebooking forward hedges
In line with dollar’s northward movement More

Derivatives: Not the rotten apple after all!
More

Rs 10,000 crore for farmers’ debt relief fund
Chidambaram tables final batch of supplementary demand for grants More

Mechanics of farm loan waiver
In 2007-08, gross domestic product (GDP) is estimated to grow at 8.7 per cent and agriculture (which accounts for 17.5 per cent of GDP) a mere 2.6 per cent. While growth of agricultural credit is all set to exceed the 2007-08 target, credit in ... More

Livestock insurance makes farmers to go in for cross-breeding
ICICI LOMBARD EXPERIENCE More

How Nano can affect ‘B’, ‘C’ segment car sales
The Budget 2008 has reduced the excise duty for small cars and two-wheelers from 16 to 12 per cent, so a Maruti-800 customer should benefit by around Rs 10,000, reasons Mr Sanjay Nigam, Director-Automotive Business, Trilogy India, a US based ... More

Nasscom setting up best practices panels for BPO workers’ safety
Pune, March 12 The National Association of Software and Services Companies (Nasscom) on Wednesday announced the setting up of regional best practices committees to strengthen workplace-related policies and standards with a focus on security ... More

TCS enters joint venture with Thailand co
More

Drop in natural gas availability to hit Gujarat Gas retail sales
10% drop from Panna-Mukta source likely More

S.India rice exporters seek review of shipment curbs
Want cargoes to be allowed through Chennai, Vizag, Kochi ports More

Bangalore airport: Clear picture likely today
Bangalore/New Delhi, March 12 A clear picture on the commencement of Bangalore’s new airport is expected to emerge on Thursday, when the Ministry of Civil Aviation is slated to make its first official communication to operator Bangalore ... More

I have sold all emerging markets except China: Jim Rogers
Chennai, March 12 The 21-per cent year-to-date decline of the Shanghai Composite Index notwithstanding, American investor and investment guru Mr Jim Rogers remains optimistic on the prospects of China.When Business Line ... More

REC debuts at a premium
Mumbai: Rural Electrification Corporation Ltd made its debut at a premium of 23.7 per cent against the issue price of Rs 105 on the NSE on Wednesday. – Our ... More

TODAY'S PICK (Latest Audio: English | Tamil)
Hindalco Industries (Rs 191.80): Sell
We recommend a sell in Hindalco Industries from a short-term perspective. From the charts of Hindalco Industries, we note that after encountering resistance at Rs 220 in early January ’08, the stock declined and found support at Rs 150 ... More

Day Trading Guide
Our short-term outlook for the stock is bearish. We retain our sell recommendation.L&TThe stock is experiencing selling pressure at higher levels. Sell the stock while keeping the stop-loss at Rs ... More

Oil marketing cos remain weak despite bond assurance
Rising crude is expected to push up procurement costs More

IMPACT
Marico: Retains focus on wellness
Sil sale not to have significant change on earnings More

For Timex, time will tell
Can Timex establish a stronghold in a market dominated by Titan? More

IMPACT
Suven’s 2nd drug deal: Long-term positive
Major milestone possibly at the end of pre-clinicals More


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