Business Daily from THE HINDU group of publications
Sunday, April 27, 2008
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Commodities (April 26)
Gold (per gram) Rs1,074
Silver (per gram) Rs24.20
Brent crude (per bbl) Rs4,675
Markets (April 25)
BSE Sensex17125.98 (+404.90)
S&P CNX Nifty5111.70 (+111.85)
US Dollar40.15 (-0.05)


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Higher interest income drives ICICI Bank Q4 net up 39%
$100 m provisioning for overseas derivatives exposure More

Captive coal blocks to be sold to steel, cement cos
Those not required by CIL, Singareni during 11th Plan to be auctioned More

Lock-in period only for telecom cos’ mergers: DoT
New Delhi, April 26 In a breather to new telecom players, the Department of Telecom has said that there is no bar on acquisition of companies which have recently acquired licences. The three-year lock-in period, mentioned in the new ... More

Ramaseshan is new chief of NCDEX
Mumbai, April 26 Mr Ramalinga Ramaseshan will take over as CEO and Managing Director of NCDEX from Mr P.H. Ravikumar, whose five-year term ends on Monday.Apart from Mr Ramaseshan, Mr Rakesh Kapur was appointed on Saturday as Additional ... More

Mobile segment continues to drive Airtel growth
BL Research Bureau Strong subscriber additions in the mobile phone business have helped Bharti Airtel close the financial year 2007-08 with a solid set of numbers. Revenues have grown by 46 per cent to Rs 27,025 crore, while net profits have ... More

GSK Consumer Healthcare Q1 net up 34% at Rs 56 cr
New Delhi, April 26 GlaxoSmithKline Consumer Healthcare (GSKCH), the makers of Horlicks, has seen net profit grow almost 34 per cent to Rs 56.6 crore in the first quarter ended March 31, 2008. The company claimed sales had never been ... More

Essar E&P bids for 2 offshore blocks in Australia
Kolkata, April 26 Essar Exploration and Production Ltd, a wholly-owned subsidiary of Essar Oil, has bid for two shallow-water offshore blocks in Australia. The bidding round ended on April 17 and the award is expected within a month. ... More

Nicholas Piramal: Buy
Investors with a 12-month perspective should consider buying shares of Nicholas Piramal, a leading pharma company engaged in custom manufacturing drugs for Western companies and selling branded formulations in India. It is one of the top ... More

Index Outlook
There is something about May. The approach of the sweltering month with soaring mercury levels appears to bring a feeling of unease among the stock market fraternity, probably incited by thoughts of the mayhem in May 2004 and 2006. The ... More

Stuck in second gear, it just hasn’t been their year
Auto industry in 2007-08 More

Making sense of some key technical indicators
More

A cautious home-coming for real-estate MFs
Mumbai, April 26 Though they are excited about the new asset class thrown open to them by SEBI’s notification on Real Estate Mutual Funds, mutual fund houses are asking themselves whether they are adequately equipped to offer this ... More

HCL Technologies: Buy
More

Zee News: Hold
More

PSL: Buy
More

Birla Top 100 Fund: Hold
Investors can retain their holdings in Birla Top 100 Fund. The fund has underperformed the benchmark S&P CNX Nifty and the category average sharply over a one-year period and since its inception as well. Large cap focussed peers ... More

Weekly News Round-up
Reliance Industries' fourth quarter net profit grew 24 per cent on the back of higher refining margins, helped by higher exports. The company's quarterly net profit was Rs 3,912 crore, against Rs 3,156 crore in the year-ago quarter. The net ... More

Fee hike issue: IIM-A, Bhargava panel stick to their guns
Institution yet to receive ‘directive’ from HRD Ministry More


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