Business Daily from THE HINDU group of publications
Tuesday, April 29, 2008
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Commodities (April 28)
Gold (per gram) Rs1,082
Silver (per gram) Rs24.30
Brent crude (per bbl) Rs4,675
Markets (April 28)
BSE Sensex17015.96 (-110.02)
S&P CNX Nifty5089.65 (-22.05)
US Dollar40.19 (+0.04)


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Bharti sets off new price war on mobile turf
Reliance-to-Reliance STD calls free on 2 tariff plans More

HUL sales grow 19%; ‘inflation a worry’
Mumbai April 28 Consumer goods maker Hindustan Unilever Ltd reported a 3 per cent dip in net profit for the quarter ended March 31, 2008, to touch Rs 380.95 crore from Rs 392.89 crore in the corresponding quarter of the previous ... More

4 short-listed for IRDA top post
Mumbai, April 28 The race for the post of Chairman, Insurance Regulatory and Development Authority, has begun. The short-listed candidates include two members from IRDA itself: Mr C.R. Muralidharan, Member (Finance) and Mr G. ... More

ISRO creates record with 10-satellite launch
Includes Cartosat-2A with high imagery resolution More

NTPC-BHEL venture eyes equipment manufacturing
Vizag, Pune, Bengal among sites under consideration More

Wheat procurement in full swing, tops last year’s buy
12.6 m tonnes bought so far by Government agencies More

RBI says fiscal steps will help contain inflation
The fiscal and supply-augmenting measures taken by the Government are expected to help contain inflation and inflationary expectations, according to the RBI. In the macro-economic and monetary developments 2007-08 report, released on ... More

Costlier ingots may lead to hike in prices of steel structurals
New Delhi, April 28 Medium-sized steel companies are contemplating an increase in the prices of TMT bars and other steel structurals manufactured by them, in the beginning of May, thanks to the upward trend in steel ingot prices in the last ... More

RBI could hike, Fed cut, 25 bps
Two crucial events loom up this week. First, the RBI releases its Policy Statement for 2008-9 on April 29. The US Federal Reserve’s Federal Open Market Committee (FOMC) meets next on April 30 to decide interest rates. Indian markets are ... More

A remedy worse than the malady
Ban on futures trading More

Hexaware net down 41% on forex derivatives loss
‘US slowdown to make April-June quarter tougher’ More

Of fast cars, rising costs, and work blends
As you drive from San Francisco airport to San Jose amidst picturesque redwood trees with Toyota Prius hybrids and six-door stretch Lincoln limousines and Harleys zipping by, it begins to sink in that this entire region referred to as Silicon ... More

High ad rates keep FMCG biggies away from IPL matches
More sponsors, advertisers likely in next season, say media planners More

TODAY'S PICK (Latest Audio: English/Tamil)
Cipla (Rs 215.15): Sell
We recommend a sell in Cipla from a short-term perspective. From the charts of Cipla, we see that the stock had been on medium-term uptrend from its January 2008 low of Rs 161, till it encountered resistance at around Rs 230 level recently. ... More

Short selling: Only a few takers so far
Just 3 scrips figured in the first week on NSE More

Day Trading Guide
After nearing our second resistance, the stock reversed and began to decline forming a dark cloud candlestick pattern on Monday’s session. We recommend a sell. Infosys The stock failed to surpass the ... More

IMPACT
HUL matches smaller rivals in sales growth
Challenges to margins remain More

IMPACT
TRAI recommendations on foreign investment
Fillip to news broadcasters More

Cyclone Nargis rages in the Bay basin
Bangkok, April 28 As has been forecast already, the Bay of Bengal has thrown up a major tropical cyclone, Nargis, on Tuesday. Nargis is threatening to whip up speed and intensity, if forecasts by the US Navy’s Joint Typhoon ... More


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