Business Daily from THE HINDU group of publications
Tuesday, June 03, 2008
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Commodities (June 2)
Gold (per gram) Rs1,126
Silver (per gram) Rs25.20
Brent crude (per bbl) Rs5,442
Markets (June 2)
BSE Sensex16063.18 (-352.39)
S&P CNX Nifty4739.60 (-130.50)
US Dollar42.38 (-0.15)


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PM readies pitch for hike in petro-product prices
‘Political consensus needed for more rational economic policies’ More

No respite for markets from fuel, inflation worries
Mumbai, June 2 Fears of inflation and high crude prices continued to haunt the Indian stock markets which fell by more than 2 per cent on Monday.This was despite the markets opening on a positive note, possibly following the sunny ... More

HC asks Goa to decide on SEZ ‘stop work’ orders
Cannot de-notify zones: Centre More

Ban on milk powder exports likely
More

Denied boarding ticket? Go home richer
OVERBOOKED FLIGHTS More

Tata Motors completes Jaguar and Rover buy
David Smith to be CEO; financial services partner to be chosen shortly More

Car, two-wheeler sales go up in May
Mumbai, June 2 Even as the price hike announced by the top three passenger car makers takes effect this month, car sales for the last month generally showed an upward trend. Maruti Suzuki, which enjoys about 50 per cent share of the ... More

Exports increase by 31% in April, imports up 36%
Oil imports at $8,029 m in April surge 46% More

Secondary steel makers hike prices by Rs 3,000/tonne
More

ICICI Bank raises credit card rates
Rising default rates set alarm bells ringing More

VeriSign partners Airtel
Resolution site to enable faster Net access More

‘Global delivery model will ensure orders keep flowing’
‘Investment in technology imperative for business growth’ More

Capital adequacy norms for NBFCs hiked to 12%
RBI concerned over highly leveraged borrowings More

Mother Dairy hikes milk prices again
Gujarat Cooperative Milk Marketing Federation likely to follow suit More

Emami comes out with open offer for Zandu
Price fixed at Rs 7,315/share More

TODAY'S PICK (Latest Audio: English/Tamil)
Moser Baer India (Rs 172.55): Sell
We recommend a sell in Moser Baer India from a short-term perspective. The stock has been on an intermediate-term down trend from its January 2008 peak at Rs 344. However, the corrective up move from March low of Rs 119 to May high of Rs ... More

Day Trading Guide
The stock is trending downward and near-term outlook is bearish. We retain our sell recommendation. Infosys After marking an intra-day high of Rs 2,017, the stock declined losing its intra-day gains in the last ... More

Negative news from all sides weakens banking stocks
Public sector banks worst hit on monetary tightening fear More

IMPACT
Punj Lloyd – Buoyed by oil spending
Auditors comment on potential losses not provided for More

IMPACT
Emami’s Zandu acquisition
Good business fit, but buy price appears stiff More

Active monsoon drives into North-East
Thiruvananthapuram, June 2 The monsoon entered the North-East on Monday and is currently in an active phase, which saw it sweep through entire Tamil Nadu, south interior Karnataka, Andhra Pradesh and most of the Bay of Bengal. While ... More


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