Business Daily from THE HINDU group of publications
Thursday, April 03, 2008
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Commodities (April 1)
Gold (per gram) Rs1,111
Silver (per gram) Rs24.55
Brent crude (per bbl) Rs4,043
Markets (April 02)
BSE Sensex15750.40 (+123.78)
S&P CNX Nifty4754.20 (+14.65)
US Dollar40.01 (-0.11)


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Mutual funds’ asset base falls 6.6% in March
31 out of 33 MFs reported declines in assets under management More

Hero Honda March sales rise; Bajaj, TVS Motor see fall
Chennai, April 2 Hero Honda has reported 15 per cent increase in sales for March, despite continuing sluggish trend primarily due to higher cost of finance. The company sold 3,20,594 units in March 2008 against 2,77,915 units in March ... More

Raw material import quarantine hits TN leather units
Certification for semi-processed leather questioned More

Tata Motors mulling Tokyo listing
Mumbai, April 2 Tata Motors is planning to list depository receipts (against underlying shares) on the Tokyo Stock Exchange, said a report in Japanese financial daily, The Nikkei. However, official sources of Tata Motors did ... More

More ISB grads bag global placements
Average cost-to-company package goes up More

We’ll import as much as we export: Secondary steel makers
Move aims to increase availability resulting in low domestic prices More

Etisalat plans entry into Indian market
New Delhi, April 2 UAE’s telecom giant Emirates Telecommunications Corp (Etisalat) is in talks with Telekom Malaysia (TM) backed Spice Communications and other new licence holders for a possible foray into the Indian mobile space. ... More

Builders protest hike in steel prices; seek Govt intervention
Reeling under the impact of surging steel prices, the apex bodies of construction industry under the aegis of Builders’ Association of India (BAI) on Wednesday sought Government intervention to rein-in steel price hike and warned that ... More

India’s GDP growth to slow down to 8%: ADB
India’s economic growth will slow down in fiscal 2008-09 to 8 per cent as the Reserve Bank of India keeps monetary policy tight and the Government takes slew of measures to rein in inflation ahead of Parliamentary elections next year, ... More

Numaligarh Refinery sees better refining margins
New product pipeline to help improvement More

Oil firms seek higher coupons on bonds
To offset illiquidity, slimming refinery margins More

TCS begins work on Pune development centre
First phase of 20,000-seat facility to be completed by March 2009 More

Export ban goes on castor, coconut oils
Curbs remain on shipments of sesame, groundnut oils More

Dream projects push up land values to exorbitant rates
Depriving the poor of owning land; affecting ecological system More

Price hike fails to enthuse cement stocks
Rise in input cost adds pressure More

TODAY'S PICK (Latest Audio: English | Tamil)
LIC Housing Finance (Rs 280.15): Sell
We recommend a sell in LIC Housing Finance from a short perspective. It is clearly visible from the charts of LIC Housing Finance that the stock has been moving sideways since January 2008 in a range between Rs 235 and Rs 315. Following a ... More

Day Trading Guide
Contrary to our prior view, the stock moved up in the last session and is consolidating sideways. Fresh long position can be initiated if the stock moves above Rs 1,500, with tight stop loss.L&TIn the last ... More

Behind the big bite
Brandline sinks its teeth into the McDonald’s burger to discover the supply chain behind it. More

IMPACT
Cut in sugar output estimates positive
Medium term benefit to players, but cane prices hold key More

Steel stocks wilt under pressure to reduce price
Lot of uncertainty around what the Govt would do More


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