Business Daily from THE HINDU group of publications
Thursday, May 22, 2008
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Commodities (May 21)
Gold (per gram) Rs1,180
Silver (per gram) Rs26.85
Brent crude (per bbl) Rs5,388
Markets (May 21)
BSE Sensex17243.16 (+12.98)
S&P CNX Nifty5117.65 (+12.70)
US Dollar42.83 (+0.23)


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SBI withdraws circular, opens tractor loan counter
Move follows opposition from manufacturers, politicians, farm lobby More

KGN relists after 7 years, zooms to Rs 55,000
Mumbai, May 21 The “relisting syndrome” surfaced again on Wednesday when Ahmedabad-based KGN Industries Ltd soared to Rs 55,000 a share on BSE after listing at Rs 100, forcing the exchange to suspend trading on the stock ... More

Minister pooh-poohs coal shortage complaints
‘Power plants fail to maintain 21-day inventory’ More

Air passenger growth slows down
New Delhi, May 21 The New Year has not got good news for airports in India. The latest data collated by the Airports Authority of India point to a slowdown in the aviation industry with the number of passengers passing through Indian ... More

PFC to soon invite proposals for Orissa mega power project
More

Banks defer plan to raise capital for now
Credit offtake still weak; surplus being invested in Govt bills, oil bonds More

Infosys hires consultant to chalk out revamp plan
Role-based organisational structure under scanner More

BSNL awards $90-m contract to Motorola
Dilutes procurement norms for supply of 93 m GSM lines More

The emergence of super-kiranas
A case study of a large, independent supermarket retailer in Chennai More

They are beginning to look beyond IT space
EMPLOYABLE TALENT More

Western Union finds good biz in rural, semi-urban areas
Chennai, May 21 Western Union Services India (Pvt) Ltd, the money transfer company, finds about 60 per cent of its business emerging from rural areas and semi-urban pockets in India, Mr Anil Kapur, Managing Director, said. That is ... More

Sugar prices set to surge next season
For 2007-08, it is still too much stock with few takers More

Rupee pauses at support
The relentless rally in crude prices, that is nudging $130, continued exerting pressure on the rupee. The Indian currency recorded a trough at Rs 42.92 last Friday. However, exporters selling at lower levels aided in retracting the currency ... More

TODAY'S PICK (Latest Audio: English/Tamil)
Gujarat Alkalies (Rs 188.35): Buy
We recommend a buy in Gujarat Alkalies & Chemicals from a short-term perspective. The charts of the company shows that it has been on a medium-term uptrend from its March 2008 trough of Rs 131. During this up move, the stock met with a ... More

Day Trading Guide
In line with our expectation, the stock fell in the previous trading session and formed a doji candlestick pattern. Desist trading in this counter for the day. Infosys The stock is experiencing selling pressure ... More

Open offer expectations lift Cairn India
The stock of Cairn India has been gaining, accompanied by a strong surge in trading volumes. The stock hit its all-time high of Rs 342.50 on the BSE on Wednesday, but closed marginally weaker at Rs 327.25 against the previous day’s close of ... More

Tea, plantation stocks jump on firm price trends
Reports of talks with Dogus Cay lift Tata Tea More

IMPACT
Outsourcing deal to help Bharti Airtel in vendor policy
To strengthen Firstsource’s domestic telecom client-base More

IMPACT
Not much premium on IL&FS Investsmart deal
Acquisition removes uncertainty over E*Trade stake More

Indian private equity funds catch NRIs’ fancy
ICICI Bank raised money in West Asia, UK for its venture capital funds More

‘Rogue whirl’ claws its way back to charts
Thiruvananthapuram, May 21 The cyclone watch in the Arabian Sea may be off, but the causative circulation of nuisance value to the monsoon has managed to claw its way back to forecast charts. Latest European Centre for Medium-Range ... More


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