Business Daily from THE HINDU group of publications
Friday, May 23, 2008
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Commodities (May 22)
Gold (per gram) Rs1,204
Silver (per gram) Rs27.70
Brent crude (per bbl) Rs5,595
Markets (May 22)
BSE Sensex16907.11 (-336.05)
S&P CNX Nifty5025.45 (-92.20)
US Dollar43.00 (+0.17)


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Crude zips past $135
Govt discussing all possible steps to help and protect oil companies: Deora More

Bangalore may have two airports
More

India signs investment protection pact with Brunei
New Delhi, May 22 India has signed a bilateral investment promotion and protection agreement (BIPA) with Brunei Darussalam here on Thursday. While the Union Finance Minister Mr P. Chidambaram signed the agreement on behalf of India, Mr ... More

Providence Equity buys 20% stake in Idea Cellular arm
Mumbai, May 22 US-based Providence Equity Partners has picked up 20 per cent stake in Aditya Birla Telecom (ABTL), a subsidiary of Idea Cellular, for $640 million (Rs 2,748 crore).ABTL owns a telecom licence for the Bihar service area ... More

Bajaj Auto earns Rs 121-cr profit in Q4
Sees flat growth in 2-wheeler sales More

Rupee recovers losses; ends lower
The rupee crossed the psychological 43 level during the day as the price of global crude boiled to a high of $135 per barrel. The currency, however, partially recovered its losses at close. The domestic currency opened at 43.07 and plummeted to ... More

Sylph does a KGN, soars to Rs 800
More

Spices exports cross $1-billion mark
Register an increase of 19% in volume terms , 24% in rupee value More

Education loans — Needed, a fresh and sustainable model
More

Crude impact: Drug cos to take a hit
More

Pricing pressures hit States’ market borrowing plans
Reduced interest in State loans due to competition from oil bonds More

Mobile segment: Raja sets 30% market share target for BSNL
‘Improve quality of services to retain market leadership’ More

TODAY'S PICK (Latest Audio: English/Tamil)
Bharat Forge (Rs 282.9): Sell
We recommend a sell in Bharat Forge from a short-term perspective. The stock had been on a medium-term uptrend between mid March and early May, from the trough at Rs 245. However, the stock encountered resistance at Rs 310 during early May and ... More

Day Trading Guide
On Thursday, the stock tumbled penetrating the 21-day moving average on above-average volume. We recommend a sell.Infosys In line with our expectation, the stock experienced selling pressure at higher levels ... More

SEBI puts on hold upfront margin plan for institutions
They can now continue to pay margin on a T+1 basis More

Auto stocks begin to face the heat as fuel prices surge
Escalation in manpower and power costs also plays spoilsport More

MCX IPO gets Crisil’s highest rating
But it’s not an opinion on whether the IPO price is apt against fundamentals More

Praj Ind reiterates presence in Europe
Belies fears of weakening demand for bio-ethanol solutions More

Cyclone alert again, Gujarat in line of sight
The spectre of an intense cyclone is looming large again in the north Arabian Sea, with latest forecasts suggesting that the Gujarat coast in India and Sindh in Pakistan could be in the line of sight for a hit. The causative ... More


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