Business Daily from THE HINDU group of publications
Tuesday, June 24, 2008
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Commodities (June 23)
Gold (per gram) Rs1,166
Silver (per gram) Rs26.70
Brent crude (per bbl) Rs5,772
Markets (June 23)
BSE Sensex14293.32 (-277.97)
S&P CNX Nifty4266.40 (-81.15)
US Dollar42.99 (+0.04)


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Advance tax payments up 30%
BSNL, GAIL enter Top 10 advance taxpayer league More

Reddyspeak brings some relief to markets
Mumbai, June 23 The equity markets which fell by more than 270 points saw a short recovery in intra-day trade on Monday, on cues that no monetary tightening measurers are expected, at least for the day.Markets were rife with talk, ... More

Kingfisher, Deccan to prune flights
Bangalore, June 23 Kingfisher Airlines and Simplifly Deccan, part of the UB Group, have slashed over 10 per cent of their total daily flights while Deccan’s 47 expat engineers are being sent back home.Sources in the UB group told ... More

India Inc ‘trains’ guns on short-hauls
TRAVEL TRAVAILS More

Tata Power net profit rises 25% in 2007-08
Co plans to add 13,000 MW capacity in 5 years More

Is crude price logic not just crude logic?
More

Where are you Roger Bootle?
Roger Bootle’s Death of Inflation was a best seller in the mid-90s. His argument about the reality of zero inflation eras was both provocative and persuasive. It was a Goldilocks background at that point in time ... More

Big cut in Premji’s annual pay packet
May be indication of toughening environment for IT services More

Tech Mahindra in $24-m deal with New Zealand co
18-month contract to assist Telecom’s retail initiative More

Corporates draw down on credit lines to avert rate risks
Banks may raise BPLR by about 50 bps More

Bharti Telesoft eyes acquisitions in Africa, Latin America
Aims at higher revenues from international operations More

Saint-Gobain plans Rs 1,000-cr float glass plant in Rajasthan
Agreement with Rajasthan Govt soon More

Diversity marks India Inc boards
AGE GAP More

Six sectoral indices hit year lows
BSE Bankex, realty indices worst affected in 2008 More

NSE sees 200 stocks hitting 52-week lows
SBI, Maruti Suzuki, DLF face the bear brunt More

TODAY'S PICK (Latest Audio: English/Tamil)
Tata Chemicals (Rs 325.35): Sell
We recommend a sell in a Tata Chemicals from a short-term perspective. It is evident from the charts that it was on a medium-term uptrend between March 2008 and May 2008 (from a low of Rs 255 to a high of Rs 440). However, the stock reversed ... More

Day Trading Guide
The stock is finding support at Rs 1,800 level. Buy the stock in dips with stop at Rs 1,800. L&TOn Monday, the stock conclusively penetrated the key support level of Rs 2,500 by declining over 6 per cent, ... More

New suit adds fuel to Taro-Sun row
Stock reacts adversely More

Land sale talk buoys Maharaja Shree Umaid Mills
Maharaja Shree Umaid Mills is close to selling off its 22,000 square yards of property in downtown Jaipur, which housed its registered office. According to market sources, property is fetching the company around Rs 200 crore. Mr L. N. Bangur, ... More

JPT Securities witnesses relentless run
Even at a time when the whole market is witnessing a shake-up, JPT Securities has been seeing a relentless run on the Bombay Stock Exchange. The stock has been hitting the upper circuit filter on a daily basis from May 9 when it was quoting at Rs ... More

Buzzing peninsular seas raring to go
Thiruvananthapuram, June 23 There is increasing convergence in international and domestic weather model prognostications about the possibility of the peninsular seas breaking into a song later this week to send the monsoon pirouetting to a ... More


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