Business Daily from THE HINDU group of publications
Friday, July 11, 2008
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Commodities & Currency(July 5)
Gold (per gram) Rs1,197
Silver (per gram) Rs27.80
Brent crude (per bbl) Rs6,217
US Dollar (Buy/Sell)43.34/35
Markets (July 10)
BSE Sensex13926.24 (-38.02)
S&P CNX Nifty4162.20 (+5.10)
US Dollar43.04 (-0.12)


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IAEA safeguards to cover civilian nuclear facilities
Draft says Govt will solely determine and notify facilities. New Delhi, July 10 The Congress-led United Progressive Alliance (UPA) Government, on Thursday, made public the draft text of the Safeguards Agreement negotiated with the ...

Bajaj Auto net drops 4%, vehicle sales up 8%
Pune, July 10 Bajaj Auto Ltd has recorded a 9 per cent increase in turnover and a 4 per cent drop in net profit for the first quarter of 2008-09 when compared with the same period last year. ...

CBDT sees IPL as a money spinner
TDS collections of Rs 160-200 cr expected this fiscal. New Delhi, July 10 The Central Board of Direct Taxes (CBDT) sees the multi-million dollar DLF Indian Premier League (IPL) as a money-spinner for the tax department in the coming days. ...

Sterlite reaches agreement with Asarco unions
Mumbai, July 10 Sterlite Industries (India) said that it has reached an agreement with the unions representing the workers of the US-based integrated copper refining company ...

Jet, JetLite allowed to operate to Dubai
AI monopoly goes; Air Deccan to become eligible soon. New Delhi, July 10 The last bastion of monopoly among Indian carriers that Air India had on flying to Dubai has fallen with the Government clearing the proposal of Jet Airways and 100 per ...

Govt clears proposal for Indian ships to have foreign officers
Maritime authority may issue circular next week. Mumbai, July 10 Indian ships will soon sail with foreign officers on ...

Auto sales sustain growth in June
SIAM warns of a slowdown in coming months. New Delhi, July 10 Domestic vehicle sales during June have been on a growth trajectory across most categories owing to the lower numbers posted by companies during same period last year. But the ...

Reject Sun’s offer, Taro tells shareholders
Says offer financially inadequate and a ‘sham’. Mumbai, July 10 Less than a fortnight after Sun Pharma pushed ahead with its open offer to acquire outstanding ordinary shares of Taro Pharmaceutical Industries Ltd, the Israeli ...

US cuts anti-dumping duty on Indian shrimps
Levy will now be 1.69% for 68 companies. The Second Administrative Review of the anti-dumping duty on shrimp exports from India to the US has in its Final Report slashed the duty to 1.69 per cent. The First Administrative Review had imposed an ...

Public sector banks go on headhunting spree
Over 30,000 vacancies notified; segment growing in popularity. Hyderabad/Chennai, July 10 If you have a head for numbers and love a career in banking, here is some good news. Check out the newspapers and the employment advertisements. One of ...

DoT can go for global auction for 3G: TRAI
Regulator’s views on pricing by week-end likely. New Delhi, July 10 Paving the way for the Ministry of Communication to go for an open global auction for third generation mobile services, the Telecom Regulatory Authority of India has ...

‘Lease of life’ for Windows XP
Tech support till 2014; help also to ‘downgrade’ Vista to XP. Bangalore, July 10 It’s like one of those ‘last reel’ reprieves where a rider arrives galloping, on a sweaty horse, and flourishes a pardon, even as ...

Sugar needs release from control
Ten years after the Mahajan Committee argued strongly for decontrol of the sugar sector and five years after an actual announcement about decontrol was made in 2003, the subject is once again in the news, with recent reports suggesting that the ...

Far… but fetching
Bangalore’s date with a world-class airport. The Bengaluru International Airport is swank, spacious and a hundred-fold better than the old HAL airport that was cursed by one and all over the last few years. And yet, it has been singularly ...

TODAY'S PICK (Latest Audio: English/Tamil)
GMR Infrastructure (Rs 94.10): Buy
We recommend a buy in GMR Infrastructure from a short-term perspective. From the charts of GMR Infrastructure, we note that it was on a medium-term downtrend from its early May 2008 high of Rs 169 till it recorded a 52-week low of Rs 76 during ...

Gates Foundation picks stake in Trent
Acquires 98,790 shares for Rs 4.47 cr. Mumbai, July 10 The Bill & Melinda Gates Foundation has acquired 98,790 shares of Trent Ltd for Rs 4.47 crore (about $1 million). The wealthiest charitable foundation in the world, bought the shares ...

Day Trading Guide
The stock is likely to experience selling pressure at higher levels. Utilise rallies to sell the stock with tight stop-loss at Rs 650. ...

DLF fixes buyback price at Rs 600/share maximum
To utilise up to Rs 1,100 cr to buy 2.2 crore shares. New Delhi, July 10 Real estate company DLF Ltd on Thursday said it would buy back up to 2.2 crore shares at a maximum price of Rs 600 per equity share. ...

PSU stocks turn active on divestment hopes
Mumbai, July 10 With the change in the political equation in the Centre, public sector stocks seem to have found more buyers in the past few ...

IMPACT
Bikes aid Bajaj sales growth
Product mix augurs well for future. In the backdrop of a tough macro-economic environment due to rising inflation and increasing interest rates, Bajaj Auto has reported a 9 per cent year-on-year rise in net sales in the first quarter of the ...

Monsoon covers entire country with 5-day lead
Thiruvananthapuram, July 10 The southwest monsoon has in a ‘delayed push’ covered the remaining parts of Rajasthan on Thursday, thus bringing the entire country five days ahead of the normal schedule of July 15. ...


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