Business Daily from THE HINDU group of publications
Wednesday, May 07, 2008
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Commodities (May 6)
Gold (per gram) Rs1,075
Silver (per gram) Rs24.50
Brent crude (per bbl) Rs4,781
Markets (May 6)
BSE Sensex17373.01 (-117.89)
S&P CNX Nifty5144.65 (-47.60)
US Dollar40.94 (+0.30)


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Indian telecom majors looking to establish global footprint
Cos seek to achieve global scale, sustain growth, cash in on higher margins More

Re plunges on dollar demand from oil cos
Pressure also from corporates; crude touches $121 More

National Highway builders take a hit on rising input costs
Federation wants Govt to compensate More

We’ll hold margins, cement cos tell Govt
New Delhi, May 6 Major cement producers have assured the Government that they would hold their margins to help control inflation but have also asked the Government to facilitate their capacity expansion plans. This assurance came at a ... More

Paper tickets may be a costlier air travel option
TRAVEL HASSLES More

Americans feel the energy crunch
More

‘Coal India venture lost Mozambique block due to procedural delays’
More

Indian crude basket hits $112.5/barrel
With continued volatility in the crude prices, the revenue losses suffered by the public sector oil marketing companies (OMCs) for selling petroleum products below the cost price are also increasing. The basket on Monday hit a new high of $ ... More

COMMODITIES COMMENTARY
Plans to form rice cartel unlikely to succeed
Most small, marginal growers subject to several pressures More

Global warming may aggravate India’s wheat worries
More

Pak scores overs Indian basmati
Fixes higher export price; no ban on non-basmati varieties’ shipments More

When central banking must be thrown to the winds
More

Tech Mahindra focuses on large fixed-price deals
Bangalore, May 6 As clients in the US finally give shape to their IT budget, some of the Indian service providers are exploring newer pricing models to ensure margins do not dip.Tech Mahindra Ltd, a provider of IT solutions to the ... More

‘IT, retail sectors emerging as two largest employers’
IT sector will continue to grow at 30% a year: Nasscom More

Shipping Ministry examining potential bidders’ demands
Qualifying norms for Ennore port’s container terminal More

Global steel prices see steady rise
Mumbai, May 5 Global steel prices continue their upward march for the 12th time in a row even as the Indian steel companies are finding it hard to pass on the increase in raw material cost to the end consumer.Over the last fortnight, ... More

Refractory industry hard pressed for inputs
Constraints on Chinese exports, spiralling costs More

TODAY'S PICK (Latest Audio: English/Tamil)
Hind Construction Co (Rs 143.50): Buy
From a short-term perspective we recommend a buy in Hindustan Construction Company. It is evident from the charts that the stock had been on a medium-term sideways consolidation in the range of Rs 111 and Rs 140 (from mid March 2008 to early May ... More

Soaring crude price impacts rupee
Rupee recorded a dramatic decline on Tuesday that took it within arm’s reach of the Rs 41-mark. Strength in the dollar following a quarter per cent cut in US interest rates did little to affect the sentiment towards the rupee. It is once ... More

Day Trading Guide
Fresh long position can be initiated if the stock moves above Rs 1,840 level with tight stop-loss.L&TIn line with our expectation, the stock declined in the last trading session. We retain our sell ... More

IT stocks gleam again as rupee tumbles
CNX IT Index recovers from day’s low More

Real estate stocks register steep dip
Possible slow-down in the sector affects sentiment More

Trustees ‘fiduciary responsibility’ to be highlighted in non-govt PF norms
Trustees of non-government provident funds, superannuation and gratuity funds may not be able to hold the Government responsible for their investments in equity shares going awry. As part of the draft revised pattern of investment, ... More

Pushcart telephony
It’s a mobile world: A man makes a call from a coin operated mobile phone of a fruit hawker at Ramalingeswara Nagar in Vijayawada. The rapid growth of mobile phones has led to more and more small-time traders and ... More


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