Business Daily from THE HINDU group of publications
Tuesday, May 27, 2008
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Commodities (May 26)
Gold (per gram) Rs1,190
Silver (per gram) Rs27.70
Brent crude (per bbl) Rs5,574
Markets (May 26)
BSE Sensex16348.50 (-301.14)
S&P CNX Nifty4875.05 (-71.50)
US Dollar42.76 (-0.07)


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Volvo buys 8.1% in Eicher Motors
More

BlackBerry key is not in our hands, says RIM
New Delhi, May 26 For the first time since the controversy around BlackBerry broke out, Canada-based Research In Motion has broken its silence on the security concerns raised by the Indian Government and said that it is not possible for it to ... More

Reliance Comm opens exclusive talks with MTN
May set up SPV for investments in emerging markets More

SBI hikes rates on long-term deposits
Mumbai, May 26 State Bank of India on Monday announced an increase of 25 to 50 basis points in interest rate on deposits of tenures of two years and above. The revision which will come into effect from June 1, has been done mainly to ... More

No soft options to stem the barrelling oil crisis
More

Pawar hints at higher support price for paddy
Hyderabad, May 26 The Union Government would announce the much-awaited minimum support price (MSP) for paddy for this kharif season soon. Talking to newspersons on the sidelines of a national conference of the Ministers of Agriculture here on ... More

Tata Motors re-jigging manufacturing facilities
To make them vehicle-specific hubs More

Govt looks at more airports in coastal regions
Changes in zone notification proposed More

ICICI Bank sees gains from low-cost overseas retail deposits
We want to expand further in existing markets, deepen presence in mainland China, says ED More

China seen continuing to be key driver of commodities outlook
‘Emerging economies active in global commodities trade’ More

TCS bags $100-m contract from NXP Semiconductors of Europe
Revenues to accrue in Q2 of current fiscal More

RCom arm buys UK’s Vanco Group for $77 m
More

IMPACT
Vanco acquisition at modest price
Reliance Gobalcom can now eye lucrative markets More

TODAY'S PICK (Latest Audio: English/Tamil)
Central Bank of India (Rs 85.35): Sell
We recommend a sell in Central Bank of India from a short-term perspective. It is evident from the charts that the stock has been on an intermediate-term downtrend from its 52-week-high of Rs 154 recorded in early January 2008. However, after ... More

Day Trading Guide
The near-term outlook for the stock is bearish. We retain our sell recommendation in this counter.Infosys Fresh long-position can be initiated only if the stock moves above Rs 1,908, with tight stop.More

Pharma stocks regain investors’ interest
‘Plenty of growth opportunities for generic cos’ More

Bajaj Auto, Finserv decline sharply on relisting
As auto sector sees slowdown on firm raw material prices More

IMPACT
ITC numbers show resilience to higher taxes
Non-cigarette businesses grow strongly More

Monsoon onset window open as ‘storm’ blows over
Thiruvananthapuram, May 26 Threat of a cyclone in the Arabian Sea seems to have blown over, and the causative ‘low’ will now act as an important cog in the wheel for the incoming monsoon caravan. Easterly vertical wind ... More


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