Business Daily from THE HINDU group of publications
Friday, June 13, 2008
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Commodities (June 12)
Gold (per gram) Rs1,130
Silver (per gram) Rs25.50
Brent crude (per bbl) Rs5,787
Markets (June 12)
BSE Sensex15250.20 (+64.88)
S&P CNX Nifty4539.35 (+15.75)
US Dollar42.89 (+0.01)


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Markets make smart recovery on industrial growth data
Sensex swings 500 points intra day More

Mining boosts IIP in April
New Delhi, June 12 Riding on the high level of mineral production, the Index of Industrial Production (IIP) recovered to 7 per cent in April 2008 as compared to a low 3.9 per cent in the preceding month. However, it is still substantially ... More

Nutrient-based fertiliser subsidy scheme cleared
New Delhi, June 12 Farmers may see prices of complex fertilisers coming down by an average of 17.5 per cent. This follows the approval given for a ‘nutrient-based’ subsidy-cum-pricing policy by the Cabinet Committee on Economic ... More

KG basin gas to cost 1/5th of crude oil: Mukesh Ambani
Reliance Retail to set up rural business hubs More

Regional loyalty boosts IPL ratings
More

General Motors developing gas variants for 3 models
Mumbai, June 12 General Motors India is working on LPG and CNG variants for at least three models. The CNG and LPG experiments are being carried out on the compact car Chevrolet Spark; upper premium compact segment car Chevrolet Aveo ... More

Ad hoc Rs 850/quintal support price for paddy
CACP recommendation referred to PM’s economic council More

Ranbaxy buy may hit generic drugs supply
‘Will the aggressive strategy continue under Daiichi Sankyo?’ More

‘W. Europe next growth target for IT majors’
SWITCH cos’ growth faster than rest of market: Gartner More

Global bidding for 3G is okay with Law Ministry
‘Issue can be referred to GoM to address regulator’s concerns’ More

Clean move
The promise of cheap, fast, clean transport — the Light Electric Vehicle More

World Sport to Net new markets for IPL
Hopes to break even in the next season More

Why Ranbaxy Labs stock is falling?
Low acceptance ratio, capital gains tax disfavour buying More

Himatsingka Seide (Rs 51.80): Buy
We recommend a buy in Himatsingka Seide from a short-term perspective. From the charts of the stock we note that it has been on an intermediate-term down trend from its January 2008 high at Rs 135. The stock has moved lower from this peak in a ... More

Day Trading Guide
Fresh long-position can be initiated, if the stock moves above Rs 755 level, with stiff stop loss.Infosys The outlook is cautious for the stock. Desist trading in this counter for the day.More

Mutual funds seek level playing field in ULIPs
‘Existing regulations favour insurance cos’ More

Fertiliser stocks rise on new subsidy plan
Expected to improve margins More

Fund houses push for globally oriented funds
As they help to diversify risk and optimise returns More

Monsoon ahead of time, evenly spread
Thiruvananthapuram, June 12 The south-west monsoon strode into the whole of Maharashtra and some parts of Madhya Pradesh and east Uttar Pradesh even as monsoon easterlies from the Bay of Bengal fanned into the plains of northwest India on ... More


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