Business Daily from THE HINDU group of publications
Tuesday, July 01, 2008
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Commodities (June 30)
Gold (per gram) Rs1,184
Silver (per gram) Rs26.80
Brent crude (per bbl) Rs6,004
Markets (June 30)
BSE Sensex13461.60 (-340.62)
S&P CNX Nifty4040.55 (-96.10)
US Dollar43.05 (+0.17)


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India Cements to ride on Super Kings brand for retail push
Embarking on a Rs 2,000-cr expansion programme in the North More

Buoyancy in demand pushes India Cements net up 33%
Chennai, June 30 The India Cements Ltd has reported a 33 per cent rise in net profit for the year ended March 30, 2008, over the previous year.Mr N. Srinivasan, Vice-Chairman and Managing Director, The India Cements Ltd, told reporters ... More

Oil, weak global markets drag Sensex down 341
Mumbai, June 30 Equity markets saw further erosion in value on Monday as the rising oil price and weak global markets continue to dampen investor sentiment.The BSE Sensex and the NSE’s Nifty fell by more than 2 per cent as FIIs ... More

Farm loan waiver bill for banks may be lower
Commercial banks may have to shell out Rs 30,000 cr More

GVK makes exploration entry with BHP
26 blocks in NELP VII attract multiple bids More

Sun Pharma starts tender offer for Taro’s shares
Follow-up of Sun’s decision to make hostile bid More

Pumps go dry
More

N-deal: Uncertainty continues
More

Oil price impact widens current account deficit
Robust growth in invisibles cushions crude shock More

Idea Cellular, Malaysian co make open offer for Spice
To buy up to 13.7 cr equity shares at Rs 77.30 each More

Satyam BPO ranked second globally
Hyderabad, June 30 IT services provider Satyam Computer on Monday announced that Satyam BPO, its business process outsourcing arm, has been ranked second among the world’s leading BPO vendors in Brown-Wilson Group’s Black Book of ... More

IMPACT
Aggressive pricing may help L&T to compete with MNCs
Co outbids BHEL to bag super critical turbine order More

IMPACT
Strong sales but sedate profit growth from India Cements
Loan settlement dents reported profit More

Cement shares hit 52-week lows
Rise in raw material prices, Govt intervention cause for concern More

FIIs move to debt market as equities turn unattractive
Mumbai, June 30 Foreign institutional investors’ (FIIs) participation in the domestic debt market is on the rise, thanks to the high interest rate differential that exists in comparison with the overseas interest rate regime, especially ... More

ADAG stocks hit new lows
Overhang of family spat, MTN-RCom deal affect sentiment More

TODAY'S PICK (Latest Audio: English/Tamil)
Essar Oil (Rs 176.80): Sell
We recommend a sell in Essar Oil from a short-term perspective. From the charts of the Essar Oil, we see that it has been on a long-term down trend from its 52-week high of Rs 360 recorded in early January 2008. On June 30, the stock ... More

External debt up 30%
More overseas borrowings by corporates More

Dipole event prompts monsoon outlook upgrade
Thiruvananthapuram, June 30 India Meteorological Department (IMD) has upgraded projections about this year’s monsoon to be 100 per cent of the long-period average (LPA) with a model error of plus or minus 4 per cent. This would ... More

Day Trading Guide
The near-term outlook for the stock is bearish. We recommend a sell in this counter. Infosys Sell the stock only if it reverses for Rs 1,800 level, with tight stop. More

‘Worsening outlook in rich economies to hit emerging markets’
Emerging market exports may weaken, says BIS More

AC advertising on TV up 49% in Jan-April
Chennai, June 30 Air-conditioner advertising saw a growth of 49 per cent on TV during January-April 2008 compared with January-April 2007, according to a study conducted by AdEx India. Godrej & Boyce Mfg Company Ltd was the top ... More

Alok Mukherjee, BL Delhi Bureau chief, passes away
New Delhi, June 30 Mr Aloran Mukherjee, Associate Editor and New Delhi Bureau Chief of The Hindu Business Line, passed away in the early hours of Monday following a brief illness. Mr Mukherjee, who had ... More

‘Courts will decide whether natural gas comes under mineral oil’
New Delhi, June 30 The Central Board of Direct Taxes (CBDT) on Monday reiterated the Government’s existing stance that it was for the courts to resolve the issue of whether ‘natural gas’ should be included in the expression ... More


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