Business Daily from THE HINDU group of publications
Saturday, August 25, 2007
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Commodities (Aug 25)
Gold (per gram) Rs828
Silver (per gram) Rs17.85
Brent crude (per bbl) Rs2,890
Markets (August 24)
BSE Sensex14424.87 (+260.89)
S&P CNX Nifty4190.15 (+75.20)
US Dollar (Buy/Sell)41.11 (+0.03)

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Stock market stages rally as political concerns ease
Sensex climbs 261 points More

CPI(M) sees no crisis for Govt
New Delhi, Aug. 24 The uncertainty over the longevity of the Manmohan Singh Government cleared on Friday with the CPI(M) saying it saw no crisis for the United Progressive Alliance Government. The party made it clear that on the Indo-US ... More

Forex reserves dip by $2.5 b on FII outflows
The country’s forex reserves fell by $2.551 billion to $226.445 billion for the seven days ended August 17, dipping for the second consecutive week.This was due both to FII outflows resulting from the US sub-prime loan crisis, as ... More

Fast track route for follow-on equity issue: SEBI
The Securities and Exchange of Board of India has decided to introduce a fast track mechanism for listed companies to raise funds through issue of equity.Fast track

Under the ‘Fast Track Issuance ... More

L&T may raise Rs 3,000 cr via GDR
Mumbai, Aug. 24 Engineering and construction company Larsen and Toubro will raise $700 million (about Rs 3,000 crore) in the next three to four months.It will most likely be through issue of Global Depository Receipts, Mr. A M Naik, ... More

At Rs 4.50 per unit, power tariff cuts India Inc’s competitiveness
New Delhi, Aug. 24 Poor power supply quality notwithstanding, India Inc shells out rates that are among the highest electricity tariffs in the world. Industrial consumers in India, across various slabs in different States, pay an ... More

Panel will decide on special status for RIL blocks
Kerala-Konkan basin More

ONGC may rope in BP, Arrow Energy as partners
For coal-bed-methane exploration and development More

Costlier food pushes up inflation rate
Wholesale Price Index of all commodities at 223.5 More

India Inc raised $15 b via ECB in 5 months
Mumbai, Aug. 24 Indian companies have borrowed about $14.97 billion through external commercial borrowing (ECB) and foreign currency convertible bonds (FCCB) within a span of five months from January to May 2007.Analysts feel that the ... More

Banks faced with attrition, poaching woes
HR CHALLENGES More

Software testing is big revenue spinner for cos
Helps to reach out new geographies driven by growing demand More

Bajaj Auto stops production at Akurdi from September
Cuts workweek to four days with immediate effect More

MTNL offering ISD calls at Re 1/minute
Voice over Internet Protocol services launched More

Area under most crops increases; rice trails
New Delhi, Aug. 24 A prolonged dry spell across North-West India is some cause for concern, even as there has been a significant increase in area sown under most crops in the current kharif season.According to the India Meteorological ... More

Bids at auction down to 7 on tight liquidity
As RBI measures begin to bite, banks may hike deposit rates More

We need to educate users on the meaning of ratings: Fitch
‘Indian banks insulated from sub-prime crisis’ More

Auto and ancillary stocks take a knock
BSE Auto Index rules near 52-week low More

Maharashtra Scooters sees quiet accumulation
The stock of Maharashtra Scooters Ltd (MSL) has been gaining sharply of late. It has gained 15 per cent over a week to touch Rs 274. According to market sources, the stock has been witnessing quiet accumulation by select investors ... More


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