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Thursday, May 01, 2008
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Commodities (April 30)
Gold (per gram) Rs1,059
Silver (per gram) Rs23.80
Brent crude (per bbl) Rs4,563
Markets (April 30)
BSE Sensex17287.31 (-91.15)
S&P CNX Nifty5165.90 (-29.60)
US Dollar40.55 (+0.05)


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Public sector oil marketing companies facing cash crunch
Expect 2008-09 to be ‘most difficult year to survive’ as borrowings mount More

Higher interest income buoys HDFC Q4 net
Share sale in arm adds to 40% profit rise More

Air fares go up on turbine fuel price rise
With the cost of aviation turbine fuel (ATF) in May increasing by more than Rs 5 a litre in the four metros, Jet Airways and low-cost airline SpiceJet announced on Wednesday that the fuel surcharge will increase by Rs 150 for short-haul ... More

Supreme Court asks Tata Tele, RCom to pay Rs 700 cr to BSNL
Says access deficit charges applicable to limited mobile More

Govt to release monthly inflation data
New Delhi, April 30 The Government in future will release monthly figures on rate of inflation. It will also release the actual prices of various commodities used in calculating the inflation rate, the Secretary in the Department of ... More

Trent buys out Landmark promoter
Chennai/Mumbai, April 30 Ms Hemu Ramaiah, the original promoter of books and gifts retailer Landmark, is selling her 24 per cent stake in Landmark to the Tatas for an undisclosed sum and intends to launch her own retail and design ... More

Will REMFs deliver?
Real estate has always been a much-valued investment in India. From individuals who have inherited property to corporates with huge land banks, the sector has seen unprecedented activity. However, the very nature of the industry and its ... More

Sharp depreciation in rupee
The month-end demand from oil importers and the strength in the US dollar ahead of the Federal Open Market Committee (FOMC) statement on Wednesday had a greater impact on the rupee than the 25 bps hike in the cash reserve ratio by the Reserve ... More

Infosys sees good scope for Platform BPO
Bangalore, April 30 Infosys BPO Ltd said Platform BPO would constitute 25 to 30 per cent of its revenue by fiscal 2010, and added that the adoption of the new model would be higher during the recession because of its flexible cost ... More

Crop loss due to pest attack pegged at Rs 1.40 lakh cr
Only 25% of area provided protection, says policy group More

Reliance Comm net rises 47% on business growth
GSM roll-out to begin by year-end More

The heat is on!
That AC may be of little comfort if you have to pay more for it! Consumer durables makers are mulling price hikes to compensate for the rise in input costs. More

Export tax weakens basmati rice stocks
‘Most cos have good realisation from overseas market’ More

‘EPF money will not be invested in equities’
New Delhi, April 30 The employee provident fund (EPF) money will not be invested in equities, Mr Oscar Fernandes, the Minister of State (Independent Charge) for Labour and Employment, has said. “The proposal regarding investment ... More

‘Private equity business to maintain its growth in India’
Market correction eases valuations of target companies More

Ads on trains catching up
New Delhi, April 30 For letting the body of three of its Rajdhani rakes – Chennai, Bangalore and Thiruvananthapuram Rajdhani Express — to be used for a branding exercise of a private company, the Northern Railway will receive Rs 25 ... More


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