Business Daily from THE HINDU group of publications
Friday, January 18, 2008
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Commodities (Jan 17)
Gold (per gram) Rs1,044
Silver (per gram) Rs22.30
Brent crude (per bbl) Rs3,522
Markets (Jan. 17)
BSE Sensex19700.82 (-167.29)
S&P CNX Nifty5913.20 (-22.55)
US Dollar39.32


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Reliance Industries Q3 net zooms on one-time gain
RPL stake sale fetched Rs 4,733 cr; turnover rises 21% More

Reliance Ind: Petrochem biz underperforms
Even as the oil refining business posted a strong performance in the third quarter ended December 2007, Reliance Industries’ petrochemicals business was an underperformer. Revenues from petrochemicals dipped 3.3 per cent to Rs ... More

Tax sops planned for ‘green’ rated buildings
New Delhi, Jan. 17 The Centre is looking at offering tax sops, including possibly property tax breaks, for developers of energy-efficient buildings, which are to be graded for a “greenness” certification ranging from one to five ... More

Indian tech workforce is two million strong
One million to two million in just 3 years More

GoM meeting on fuel prices inconclusive; may meet again today
New Delhi, Jan. 17 The first meeting of the Group of Ministers (GoM) on fuel prices, headed by the External Affairs Minister, Mr Pranab Mukherjee, ended here today without taking any decision. Soon after the meeting, the Petroleum and Natural ... More

Ranbaxy posts Rs 188 cr net in fourth quarter
Emerging markets contribute 54% to company’s global sales More

GDP growth pegged at 8.5% for 2008-09
PM’s council discounts US slowdown impact More

‘India can withstand impact of US rate cut’
New Delhi, Jan. 17 The Union Finance Minister, Mr P. Chidambaram, today said that interest rates cut in the US would affect India but the India’s high exports to other countries, including China and Japan, would insulate it from any ... More

Toyota work on low cost car almost over
Car not to compete with Tata’s Nano More

TCS Q3: Sedate, but deal pipeline may hold the key
On the face of it, TCS’ numbers do not provide any indications of any negative developments in the IT sector. The company’s revenues grew 5 per cent sequentially over the September quarter to Rs 5,923 crore. EBITDA (Earnings ... More

HCL Tech Q2 net profit rises 16.3%
Volume growth, increase in billing rates lift earnings More

‘$12-b K-G basin gas, pipeline project on track’
More

Investor interest to keep gold buoyant: GFMS
Short-to-medium term correction possible: Report More

Nano makes it to Time’s most important cars of all time
AS THE DEBATE GOES ON… More

Today's Pick: Nagarjuna Construction (Rs 307.75)
We recommend a buy in Nagarjuna Construction Company at current market price for a short-term trade. From the charts of Nagarjuna Construction, we see that the stock has been trending up since its August 2007 low of Rs 175. However, after marking ... More

Day Trading Guide
Contrary to our view, the stock fell in the last trading session. With this fall, the stock formed a bearish engulfing candlestick pattern. Also it penetrated the support level of Rs 1,350. We change our recommendation to sell. More

Tepid Q4 for Ranbaxy; setback in US market
R&D de-merger, drug settlement to be near-term triggers More

Mid- and small-cap banks gaining market interest
‘Have tremendous growth potential in long-term’ More

Earning their stripes
These young women textile workers are rapidly weaving a social transformation in small-town Tamil Nadu. More

Running a life-line
The view from the engine-driver’s cabin… More

Northwest awash with moisture
Scattered rain/snowfall has been reported from Jammu and Kashmir and Himachal Pradesh during the 24 hours ending Thursday morning as the underbelly of an incoming Southwest Asian snowstorm slammed into the western Himalayas. The snow ... More


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