Business Daily from THE HINDU group of publications
Saturday, January 19, 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. 18)
BSE Sensex19013.70 (-687.12)
S&P CNX Nifty5705.30 (-207.90)
US Dollar39.36 (+0.05)


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Sensex tanks 687 on worrying global and local cues
Oil & gas, bank and realty sectors bear the major brunt More

FII selling continues
Mumbai, Jan. 18 Foreign institutional investors continued to remain bearish on the Indian market with a net sell-off of shares worth Rs 2,147 crore today. This is revealed by the provisional composite data on FII sales for both BSE and NSE ... More

Better realisations help Wipro post 12% rise in Q3 net
Good demand seen despite global challenges; dependence on US coming down More

Mixed signals on CapGemini takeover
Unclear if Wipro is in talks to acquire part of its biz More

Reliance Power IPO subscribed 72 times
Maximum response on the last day More

GSM operators can now get spectrum up to 15 Mhz
Bharti Airtel, Vodafone and Aircel qualify for additional radio waves in some areas More

Minimal fuel price hike imminent
New Delhi, Jan. 18 A minimal increase in fuel prices seems imminent. The Petroleum Minister, Mr Murli Deora, today hinted that if at all the Government does decide to raise fuel prices, the hike would be minimal. A decision to this effect is ... More

HDFC clocks 83% rise in Q3 net at Rs 649 cr
Sale of investment in insurance arm fetches Rs 121 cr More

Non-cigarette biz lifts ITC net up 15.8%
Agri-biz segment rides on record leaf tobacco exports More

Costlier metal, alloys push up inflation rate
Wholesale Price Index of all commodities up at 216.6 points More

SC stays HC order on sugarcane pricing
UP Govt’s order on recovering dues stands revived More

Ericsson develops designer tower tubes
NEW LOOK More

‘Developing technology to meet market needs is DuPont’s priority’
More

Calcutta HC Bench upholds land acquisition by State in Singur
All PILs challenging acquisition dismissed More

SEBI intervention unwarranted on valuations: Experts
The regulator need not protect investors if they indulge in speculative valuations, whether in primary or secondary market, as long as the rules of the game are followed, say market experts. Recent IPO valuations and price discovery ... More

DPs have their hands full with Reliance Power IPO
Number of demat accounts jump with NSDL, CDSL More

Cement stocks survive market storm
Cement stocks managed to hold fort in the battered markets on Friday. Hopes of a better quarterly performance brightened after strong numbers were posted by India Cements (net profit grew 59 per cent to Rs 1,271 crore). Analysts expect ... More

Roche files patent suit against Cipla over Tarceva
Opposes launch of generic version of the lung cancer drug More

Technical snag in RTGS hits inter-bank payments
Mumbai, Jan. 18 Inter-bank fund transfer temporarily ground to a halt as the centralised software (RTGS) which handles inter-bank payments in real time developed a technical hitch.Consequently, the RBI announced a special ... More

Sesame seed exports to Russia likely to be affected
Delay in issue of pre-shipment quality test certificates More


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