Business Daily from THE HINDU group of publications
Thursday, November 08, 2007
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Commodities (Nov 7)
Gold (per gram) Rs977
Silver (per gram) Rs22.20
Brent crude (per bbl) Rs3,668
Markets (Nov. 7)
BSE Sensex19289.83 (-110.84)
S&P CNX Nifty5782.35 (-4.15)
US Dollar39.26 (-0.03)


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Business Line wishes its readers a
Happy Deepavali

Our office will remain closed today on account of Deepavali and there will be no edition of Business Line dated 9th November 2007. The News Updates of Business Line will resume on Friday morning. —  MANAGING DIRECTOR

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Ports seem to have finally docked on the Indian bourses
Mundra Port and SEZ Ltd IPO subscribed 116 times More

Govt feels pressure as crude nears $100
Decision on fuel price next week More

Daewoo plant takeover: Nod for Crosslinks
Global cos keen on tie-ups More

TN gives nod for Rs 9,757-cr Chennai Metro Rail system
Chennai, Nov. 7 The Tamil Nadu Government has approved in-principle the creation of a Chennai Metro Rail system at a cost of Rs 9,757 crore.According to an official press release, the Tamil Nadu Cabinet, which met on Wednesday, took a ... More

Chidambaram holds talks on power target
New Delhi, Nov. 7 The Finance Minister, Mr P. Chidambaram, on Wednesday chaired a meeting of representatives from the Power and Heavy Industries Ministries to take stock of the preparedness to achieve the power capacity addition target of ... More

Gold loses lustre this festive season; high prices prove a dampener on sales
Firm international trend lifts price to Rs 10,685 per 10 gm More

Glenmark reorganises biz into speciality and generic
Glenmark Generics Ltd to be listed by Q1 of 2008 More

Maharashtra sugar mills plan bio-CNG from cane biomass
German firms to extend finance, technological know-how More

TV advertisement volumes post steady 33% climb in Jan-Sept
Hindustan Unilever takes most spots; both Cola makers up three notches More

From screen to shelf
Merchandising moves to another level as lifestyle stores and film-makers forge alliances. More

Diwali fervour
More

COAI files affidavit against spectrum criteria
This is in addition to the legal petition More

Building leadership helps us grow: Satyam chief
‘Company poised to achieve $2-billion revenue’ More

Way to go… Outsource to the US and cut cost
NEW GROWTH DRIVER More

Germplasm from Lisbon helps develop new arabica strain
COFFEE STORY More

Today's Pick: Gail India (Rs 457.30)
We recommend a buy in Gail India (Gail) at current levels. From the weekly chart of Gail, we note that the stock has been on a steady long-term uptrend since May 2006 low of Rs 210 levels. Besides in September 2007, the stock broke through the ... More

Day Trading Guide
More

Sub-prime woes continue to affect IT stocks
Analysts expect further tightening of IT spending More

Banking stocks up on UTI IPO plans
Three banking stocks – State Bank of India, Punjab National Bank and Bank of Baroda – have been gaining on the bourses of late. BoB gained 15.24 per cent week-on-week and SBI jumped 9.64 per cent, while PNB improved about 4 per cent ... More

GAIL attracts investors’ interest on Nigeria deal
Overall outlook for oil & gas sector positive More

‘ONGC shares undervalued’
New Delhi, Nov. 7 The share price of ONGC is highly undervalued mainly due to subsidy burden and under-realisation incurred in natural gas sales, the company’s Chairman and Managing Director, Mr R.S. Sharma, said. “Our enterprise ... More

Equity funds trim cash levels in October
MFs remain net purchasers in equity markets More

IMPACT
Glaxo Pharma’s new move to be lucrative
Could help it enter niche market More


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