Business Daily from THE HINDU group of publications
Tuesday, May 06, 2008
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Commodities (May 5)
Gold (per gram) Rs1,057
Silver (per gram) Rs24.10
Brent crude (per bbl) Rs4,654
Markets (May 5)
BSE Sensex17490.90 (-109.22)
S&P CNX Nifty5192.25 (-35.95)
US Dollar40.64 (-0.04)


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Why India has been exporting diesel, and importing it too
Reliance, with EOU status, will have to bear taxes to sell in domestic tariff areas More

Input cost vs price line hits JSW Steel
Q4 net rises 11% at Rs 461 cr, price realisation up 9% to touch Rs 2,600/tonne More

IPO scam: Apellate tribunal sets aside SEBI order on Karvy
Says principles of natural justice were violated in probe More

MCX turnover dips 55% on Chidambaram ban comment
Mumbai, May 5 Turnover on the commodity exchanges took a severe beating on Monday after the Finance Minister, Mr P. Chidambaram’s statement that the Government is weighing the option to suspend futures trading in some more ... More

Geojit to exit commodity business to clear hurdles for BNP takeover
Mumbai, May 5 BNP Paribas and Geojit Financial Services have worked out a plan to overcome the regulatory hurdle that has come in the way of the French banking group picking up the majority stake in the Kerala-based broking ... More

Equity linked tax savings schemes witness huge investment
Market boom, shorter lock-in period provide fillip to collections More

Wheat prices may gain after arrivals get over
Central procurement tops 166 lakh t; mills report ample supply More

Chilli prices up Rs 10/kg; short-term scarcity seen
Fire mishap at Guntur yard might hit deliveries More

India plans electricity network in South Asia
Aims to widen energy security; domestic firms cash in on opportunity More

India’s ‘external’ economic strength
More

‘Smaller cities may capture 2-3 m IT/BPO jobs by 2018’
Nasscom-A.T. Kearney study looks beyond the seven leaders More

Murugappa group plans Rs 1,300-cr capital spend
To renew thrust on rural retail, neutraceuticals, life sciences More

Public sector insurers wary of SBI’s general insurance biz plans
Fear further loss of market share More

Whirlpool tying up with retailers for easier credit facilities
Mumbai, May 5 Whirlpool of India is entering the arena of financial services by partnering with Videocon’s Next Retail for giving easy and flexible credit to consumers. Forming a tripartite arrangement with ICICI Bank, the manufacturer ... More

Two-thirds of BSE-listed cos yet to declare results
‘More firms have not been able to meet April 30 deadline’ More

TODAY'S PICK (Latest Audio: English/Tamil)
Union Bank of India (Rs 168.75): Buy
We recommend a buy in Union Bank of India from a short-term perspective. From the charts of Union Bank of India, we see that the stock was on a medium-term down trend from Rs 230 to Rs 130 (between early January and mid March 2008). ... More

Day Trading Guide
Initiate Fresh long position only if the stock moves above Rs 947 with tight stop-loss.Infosys The stock is experiencing selling pressure at higher levels. Utilise rallies to sell the stock with stop at Rs ... More

Asset base of mutual funds improves 7.32% in April
March saw huge pullouts by corporates, banks More

IMPACT
Patel’s move to expand overseas
Armed with technology to bid internationally More

Firm crude prices lift India Glycols
The stock price of India Glycols has been witnessing a sharp surge in recent times with improved trading volumes on bourses. It gained about 23 per cent over a month and 5 per cent in a week’s time and closed at Rs 314 on Monday. Trading ... More

Westerlies douse searing heat in North India
Thiruvananthapuram, May 5 A passing western disturbance with an induced cyclonic circulation hovering in the Jammu and Kashmir region and neighbourhood has helped douse the searing heat in northwest and central India on Monday. The ... More


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