Business Daily from THE HINDU group of publications
Thursday, May 08, 2008
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Commodities (May 7)
Gold (per gram) Rs1,085
Silver (per gram) Rs24.75
Brent crude (per bbl) Rs4,891
Markets (May 7)
BSE Sensex17339.31 (-33.70)
S&P CNX Nifty5135.50 (-9.15)
US Dollar41.35 (+0.41)


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Steel firms answer Govt’s call, slash prices by up to Rs 4,000/t
Government to put notification on steel export tax in abeyance More

Banks see more growth in global operations
This is despite taking a hit on derivatives exposure More

Union Bank Q4 net more than doubles
Boosted by lower tax outgo, staff cost More

Re on downward spiral breaches 41 level
Triggered by panic $ buying by banks More

Private collection of Tina & Anil Ambani set for Christie’s action
FOR ART’S SAKE More

Indian companies borrow $31 b abroad last fiscal
ECBs accounted for a sizeable chunk of overall borrowings More

India to become 8th wealthiest place by 2017: Barclays Wealth
‘Composition of assets shifting from physical assets to financial assets’ More

Super-bikes maker Ducati enters Indian market
Plan to sell 50 bikes priced between Rs 15-50 lakh this year More

Decision on FDI in retail unlikely in UPA regime
New Delhi, May 7 The Government is unlikely to take any major policy initiatives with regard to foreign direct investment in retail in the near future.This is because, apart from the broad political opposition, the Government has come ... More

Currency derivatives: The happening scare in the accounting world AccountSpeak
More

Check assets before you put them up for sale
More

‘Media has to be ready for storm of digital migration’
Earl Wilkinson, Executive Director of INMA, chats with BrandLine. More

A panchayat on ‘futures’: Speculation, not findings
More

Exchange traded funds: Neither fish nor fowl
More

Should we legislate on ambush marketing?
Nandan Kamath of GoSports, a sports consultancy, on the need for laws and the grey areas involved. More

Urad prices gain on Myanmar cyclone effect
No clear picture yet on damage to crops; shipments delayed More

Bharti Airtel-MTN deal hinges on pricing
Chinese, Russian operators may show interest More

Flight entertainment
For the past year, Jet and Kingfisher airlines have been going the Pepsi-Coke way, taking potshots at each other in their advertising. More

Akshaya Tritiya sales rush missing due to high gold prices
Bangalore, May 7 The rush for gold that one encountered during the Akshaya Tritiya period has been missing this year. With still a day to go, Akshaya Tritiya had a modest start with walk-ins being lukewarm till Wednesday evening (Akshaya ... More

TODAY'S PICK (Latest Audio: English/Tamil)
Lloyd Electric & Engg (Rs 125.10): Buy
We recommend a buy in Lloyd Electric & Engineering from a short-term perspective. The charts of the stock show that it has been on a medium-term uptrend from its 52-week low of Rs 89.25 (touched in late March 2008). While trending up, the ... More

BHEL, Larsen &Toubro drag Capital Goods index
Profit booking, high valuations cited as reasons More

Day Trading Guide
Fresh short-position can be initiated if the stock declines below Rs 900 with a tight stop loss.Infosys At higher levels, the stock is experiencing selling pressure. Utilise rallies to sell the stock with stop ... More

Cairn India hits new high on record oil price
Mumbai, May 7 Cairn India shares moved up to a new high on Wednesday, gaining 7.5 per cent, spurred by the rise in the international crude price, that touched a record high of $122 per barrel.Supply-related ... More

IMPACT
Exports, new capacity drive Praj numbers
Margins expand strongly More

S-E Bay under watch for evolving whirl
Thiruvananthapuram, May 7 Medium-range weather forecasts from the Ministry of Earth Sciences have officially put the southeast Bay of Bengal under watch for an evolving cyclonic circulation by Sunday (May 11) to confirm similar outlook ... More


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