Business Daily from THE HINDU group of publications
Sunday, March 16, 2008
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Commodities (March 14)
Gold (per gram) Rs1,205
Silver (per gram) Rs29.60
Brent crude (per bbl) Rs4,535
Markets (March 14)
BSE Sensex15760.52 (+403.17)
S&P CNX Nifty4745.80 (+122.20)
US Dollar40.41 (-0.07)


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Unilever sharpens focus on India, other emerging markets
Mumbai, March 15 Unilever Plc expects India’s share in its turnover to go up from the current six per cent in the next two years, as the global consumer goods maker sharpens its focus on developing and emerging markets.Mr Patrick ... More

Addl Panna-Mukta gas sale: GAIL awaiting Govt instructions
Has to tie up purchasers by March 31 to market entire output More

India-Sri Lanka power transfer project feasibility report soon
$450-m submarine cable link to connect Madurai and Anuradhapura More

Air Deccan gets in-principle nod to fly abroad
New Delhi, March 15 After Jet Airways, Air Deccan will be the second private airline from India to fly abroad. The Government has given Air Deccan an in-principle approval to start its international operations from August this ... More

Airtel slashes tariff on pre-paids for subscribers in Delhi
VIRGIN EFFECT More

Index Outlook
It was an interesting tussle between the bulls and the bears on the Indian bourses last week. Bears had plenty of ammunition in the form of weak IIP numbers, soaring crude prices and sub-prime related write-offs with which they gained the ... More

Cues from the market decline
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India’s move towards higher standards will attract large capital, says Oxley
Mumbai, March 15 Mr Michael G. Oxley, co-author of the Sarbanes-Oxley Act and Vice-Chairman of Nasdaq, spoke with Business Line on the sub-prime crisis plaguing the world, on the US recession, and a host of other issues. ... More

ITC plans product portfolio expansion, diversifying into writing instruments
Aims at Rs 1,000-cr biz from division in three years More

TRACKING FUND FLOWS
Asian markets jittery as all eyes on upcoming Fed meet
So far 2008 has turned out to be a lacklustre year for equities. The global meltdown has wiped off $3.3 trillion of global investor wealth this year, with Pakistan being the lone stock market to stand tall. Emerging markets have suffered from ... More

BHEL: Buy
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Orchid Chemicals & Pharmaceuticals: Buy
More

Colgate Palmolive India: Buy
Investors can use recent market declines to add the Colgate Palmolive India stock to their portfolio. Strong rural offtake for FMCG products and Colgate’s expanding market shares in oral care suggest that the company could sustain strong ... More

Tulip IT Services: Buy
More

Welspun Gujarat Stahl Rohren: Buy
More

Principal Tax Savings Fund: Invest
Investments can be considered in Principal Tax Savings Fund, an open-ended equity-linked saving scheme, based on its three-year performance. Among the tax-saving options, this fund has outpaced its peers but trailed Magnum Tax Gain during this ... More

Kotak 30: Invest
More

NEW FUND ON THE BLOCK
DSPML Natural Resources and New Energy Fund
DSP Merrill Lynch Natural Resources and New Energy (DSPML NRNEF) is the new fund offered by the DSPML Fund Managers. This open-ended thematic equity fund will seek to invest predominantly in companies involved in the discovery, production, ... More

News round-up for the week Latest Audio: English
After ICICI Bank, which got hit in credit derivatives, another Indian company Larsen & Toubro, similarly, made big losses. However, it is in commodities trading. Larsen and Toubro has suffered a loss of about Rs 200 crore in commodity hedging .. More


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