Business Daily from THE HINDU group of publications
Saturday, June 21, 2008
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Commodities (June 20)
Gold (per gram) Rs1,158
Silver (per gram) Rs26.50
Brent crude (per bbl) Rs5,647
Markets (June 20)
BSE Sensex14571.29 (-516.70)
S&P CNX Nifty4347.55 (-156.70)
US Dollar42.95 (-0.05)


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Inflation shoots up to 11%
At 13-year high More

Markets crash
Sensex down 517 points More

Govt looking at stronger measures
New Delhi, June 20 The Union Finance Minister, Mr P. Chidambaram, on Friday promised to consider “stronger measures” on both the “demand and monetary” side to tame inflation. The rate rose to 11.05 per cent, a ... More

Hindalco board approves 1:3 rights issue to raise Rs 5,000 cr
Mumbai June 20 A rights issue of up to Rs 5,000 crore, domestic or international debt financing and liquidation of treasury form part of a finance plan unveiled by Hindalco Industries Ltd on Friday to refinance a $ 3.03-billion bridge loan it ... More

Kingfisher acquisition of Deccan under lens
Show-cause issued to UB Group More

UB's diet whisky is no whisky: European body
If the fight to get the Indian government to lower taxes on imported liquor was long drawn and hard, the new challenge to what the Scotch Whisky Association (SWA) holds dear might turn out to be tougher. This time around, the UB Group Chairman, ... More

Over 200 fined in KGN, Sylph price rise issue
Mumbai, June 20 Over 200 brokers and traders were fined up to Rs 5 lakh by the Bombay Stock Exchange for speculative trading in the scrips of KGN Industries and Sylph Technologies. KGN Industries and Sylph Technologies were re-listed on ... More

PSBs to wait for RBI signals
HDFC Bank raises prime lending rate by 25 bps More

Kharif sowing in full swing
Rise in area under oilseeds, coarse cereals More

Taro files another case against Sun Pharma
Row over sale of Taro’s Irish plant More

Double-digit inflation will hit our bottomlines: India Inc
‘Capex plans may also be adversely affected’ More

TCS, Infosys post slower EVA growth
Rupee appreciation pulled down value addition last year More

BSNL, BPL seal tie-ups at CommunicAsia
For more cost-effective mobile applications More

Taxes causing `turbulence' for domestic airline companies
Members of the Association of European Airlines indicate that their fuel bill constitutes 13.3 per cent of their total operating expenses, whereas for Indian carriers the fuel bill constitutes 45-50 per cent of the operating expenses. More

Chinese cos increase domestic patent filing
Huawei files for 60 patents, ZTE Corporation for 52 More

It’s time to protect consumer from rising inflation
Even as the Government is running out of options More

‘High inflation is detrimental to equities in near term’
Tough measures by RBI may render stocks unattractive, feel analysts More

Markets this week
Sensex opened on a positive note on Monday and climbed nearly 140 points from the previous close of 15190, helped by short-covering and touched the intraday high of 15550. However, owing to selling pressure at higher levels, the Sensex pared its ... More

US, Asian models see normal rains during July
India is likely to have a normal monsoon during the agriculturally crucial July-August-September quarter, with surplus precipitation indicated for the north Madhya Pradesh-east Rajasthan-Uttar Pradesh belt. This is according to the ... More


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