Business Daily from THE HINDU group of publications
Monday, August 13, 2007
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Commodities (Aug 10)
Gold (per gram) Rs817
Silver (per gram) Rs18.60
Brent crude (per bbl) Rs2,839
Markets (August 10)
BSE Sensex14868.25 (-231.90)
S&P CNX Nifty4333.35 (-69.85)
US Dollar (Buy/Sell)40.67 (+0.12)

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BSNL tender: Ericsson sets terms for lowering price
Negotiations still on for cellular contract of 14 million lines More

OVL seeks 20% stake in Iran oil field
More

‘US listing more profitable for Indian BPO firms’
Mumbai, Aug. 12 Companies running outsourcing operations out of India command a better market capitalisation in the US than in India. As on August 10, the market capitalisation on the New York Stock Exchange of Genpact – the BPO arm of ... More

IT sector cautious on Govt move to curb funds flow
Change unlikely in currency-hedging More

WHO registry to inject transparency into clinical trials
Clinical trials undertaken by drug companies are often cloaked in secrecy and popular perception is one of suspicion. Drug companies are seen to be unwilling to disclose details of the drug they are testing on humans, especially when the ... More

Dalal Street looks west for direction
Global markets at the mercy of central bankers? More

‘Treat shares bought for delivery as capital assets’
New Delhi, Aug. 12 The Confederation of Indian Industries has called for a clear methodology to distinguish between shares held as investment and shares held as stock-in-trade.In a statement, the chamber said that share or security ... More

Bond yields harden on US sub-prime crisis, ECB curbs
Foreign flows may slow down as investors begin liquidating their holdings More

Auto sector witnesses mismatch in sales versus retail offtake
The disparity between dispatch and retail numbers is attributed to a correction in the stock levels. More

Govt’s fitting gesture to seamen
The government’s recouping the entire Rs 92.78 crore the Seamen’s Provident Fund had lost in the 2002 securities scam is a fine gesture to seafarers, as there was no legal obligation for it to do so. Will it set a precedent? More

Metals outlook positive despite US housing woes
Trade in gold may continue to be choppy More

Overcome the fear of selling
Bholu the black bear was back! And how ferocious he was turning out to be! He was clawing at everybody in sight. The pigs were being mercilessly slaughtered while the sheep and the lambs huddled together in fear. The lone creature in the circus ... More

Port projects delayed
MCA yet to be firmed up More

How are rupee-dollar rates determined?
I am doing my Masters. I would like to know how the dollar and rupee rates are decided? What factors influence the rates? Radhika VohraTypically, the value of a currency against another is decided based on demand. If ... More

In opposing camps
Should the Government freeze the number of mobile operators in a circle at current levels or continue with the existing free-for-all policy, given scarce resources of spectrum? Telecom players take sides. More

Floods threaten to return to Bihar, UP
Thiruvananthapuram, Aug 12 Flood-ravaged Bihar and other parts of east and north-east India find themselves faced with the prospect of another round of unremitting downpour with Saturday’s ‘low’ in the northwest Bay of Bengal ... More


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