Business Daily from THE HINDU group of publications
Wednesday, June 04, 2008
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Commodities (June 3)
Gold (per gram) Rs1,142
Silver (per gram) Rs25.50
Brent crude (per bbl) Rs5,408
Markets (June 3)
BSE Sensex15962.56 (-100.62)
S&P CNX Nifty4715.90 (-23.70)
US Dollar42.65 (+0.27)


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Govt weighs policy on urea to promote brownfield expansions
Units may be entitled to payment of 90% of import parity price More

Spice Comm revives merger talks with Idea Cellular
B.K. Modi open to diluting stake but wants at least Rs 60 per share More

GMR Industries to buy Karnataka sugar co
Earmarks Rs 450 cr for expansion; clocks Rs 14.41 cr net in Q4 More

Exchange-traded currency futures in 3 months
More

Moser Baer hopeful of cutting solar energy cost to Rs 4-6 a unit
More

India Cements breaks even in IPL!
SUPER SHOW More

How India’s airlines can save fuel and their industry
By optimising routes and adopting modern navigational procedure, the Civil Aviation Ministry can help airlines save up to a fifth of their fuel costs and ride out the price increases that threaten to unravel the industry which, till recently, was abl e to draw thousands of new travellers with attractive low fares, says K. VENUGOPAL. More

Tough days ahead for airlines
Capacity induction may add more woes to crisis-hit industry More

Power project developers asked to prune land usage
‘CEA study shows land use can be cut by 10-40%’ More

Punj Lloyd acquires 74% stake in UK firm
‘A strategic fit’ which will further strengthen existing biz range More

Print advertising of summer cool products down 25%
Chennai, June 3 The advertising of summer cool product categories in print saw a 25 per cent drop during January-April 2008 compared with that in January-April 2007. According to a survey of advertising trends in summer cool products ... More

Cabinet likely to decide on fuel price increase today
More

China, US lead in Net attack origination
Spamming activities on the rise in India on low security awareness More

Rupee to be range-bound
The pressure on rupee eased, spurred by various measures undertaken by RBI to support the currency, including the move to conduct open market operations in oil bonds. Easing crude prices also helped in stemming the decline. The reprieve ... More

Attorney General wants 3G policy referred to GoM
Differences over allowing foreign players to bid More

International farm research — Why India should step up funding
More

MF asset base swells thanks to fixed income schemes
Assets under management increase 5% in May More

TODAY'S PICK (Latest Audio: English/Tamil)
ACC (Rs 649.50): Buy
We recommend a buy in ACC from a short-term perspective. We note that the stock has been on a long-term downtrend from its all-time high of Rs 1,314 recorded in October 2007. However, in January 2008, the stock found support at Rs 615 and made ... More

Day Trading Guide
The stock is hovering around the key support level of Rs 750 and has formed a spinning top candlestick pattern, indicating indecisiveness in the last trading session. Desist trading in this counter for the day. Infosys ... More

Power stocks tumble on funds selling
Power stocks such as NTPC, Tata Power, Reliance Infrastructure (formerly Reliance Energy), Reliance Power, CESC, Torrent Power and PowerGrid Corporation have been facing the brunt of selling pressure in recent times. Other power equipment ... More

Two-wheeler sales: Road to revival?
Mixed trend in passenger car segment More

Profit-taking weakens metals, mining stocks
Kolkata, June 3 Metals and mining stocks continued to weaken for two consecutive days on profit booking largely by institutional investors. The BSE Metal Index declined by 0.39 per cent, but its loss on weekly basis was lower at 0.24 per ... More

Fuel price spiral may squeeze airlines
Pricing power waning on domestic slowdown More

Monsoon strikes a pause ahead of next big surge
Thiruvananthapuram, June 3 The monsoon did not make appreciable progress in its spatial coverage relative to the position on Monday, but fairly widespread rainfall was recorded over regions already under its footprint, especially in the east ... More


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