Business Daily from THE HINDU group of publications
Wednesday, August 06, 2008
ePaper | Mobile/PDA Version | Audio

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

HOME PAGE

Sensex rises 383 in late surge
Mumbai, Aug 5 The fall in crude to below $120 a barrel and the positive opening of the European markets pushed Indian equities to a gain of 2.5 per cent on Tuesday. ...

Private PF trusts may be required to get professional advice
New Delhi, Aug 5 Fund management in private sector provident fund trusts may get a more professional touch on the investment side if a proposal before the Finance Ministry was to find acceptance among policymakers. ...



New IPO payment system: T...
TODAY'S PICK (Latest Audio: English/Tamil)
Canara Bank (Rs 214.10): Buy
We recommend a buy in Canara Bank from a short-term perspective. It is clearly evident from the charts of Canara Bank that it was on an intermediate-term downtrend, forming lower peaks and troughs, from its 52-week high of Rs 421 recorded in ...

Day Trading Guide


Crude spike: Oil producers may have to share additional revenues
Panel proposes tax on producers of pre-NELP regime. New Delhi, Aug. 5 Oil producers may have to share the additional revenues earned by them as a result of sharp increase in oil prices, if the suggestions of a high-powered committee headed by ...

‘AS 11 norms would have driven down India Inc profits’
Mumbai, Aug. 5 Several blue-chip Indian companies would have reported substantially lower net profits for the fiscal first quarter had they followed Accounting Standard 11 (AS 11) on forex borrowings. ...

Lakshmi Vilas Bank to offer board seat to Federal Bank
To withdraw Rs 250-cr QIP proposal. In discussions with some shareholder groups today, Lakshmi Vilas Bank agreed to withdraw its proposal for a Rs 250-crore Qualified Institutional Placement (QIP) issue. ...

Exchange-traded currency futures: 3 show interest
Framework for launch in place; RBI norms any time now. As many as three entities have so far evinced interest in launching exchange-traded currency futures, the Securities and Exchange Board of India (SEBI) Chairman, Mr C.B.Bhave, said here on ...

No write-back of provisions on farm loans waived
Only after full repayment by Govt, says RBI. Bangalore, Aug 5 For banks that hoped to make their balance sheets presentable in the second quarter, the Reserve Bank of India has quietly slipped a spanner in the ...

‘Nominated board directors can take part in stock options’
Mumbai, Aug. 5 A director nominated by an institution as its representative on the board of directors of a company is eligible to participate in the Employee Stock Option Scheme (ESOS) of the company, SEBI clarified in a circular on Monday. ...

Cement realisation flat as cos put price on hold
Input cost on the rise; South-based cos put up good show. Mumbai, Aug. 5 The compulsion on cement companies to hold the price line amidst the rising input cost was clearly evident from the flat realisation reported by frontline companies in ...

Raw material security is Tata Steel’s major concern
Will scout for new sources in India, abroad for raw material. Before it acquired a plethora of overseas steel entities, Tata Steel was sitting pretty with captive availability of raw material (mainly coke) to the tune of 60 per cent of ...

Rupee likely to strengthen further
The Rupee moved in the narrow band between 42.1 and 42.6 in the sessions following the Monetary Policy review. The comatose equity markets and fairly stable crude prices contributed to this somnolent state in the currency. FIIs continued to be ...

‘Banking sector offers huge scope for tech cos’
IBM bets on long-term deals involving outsourced data centres. Hyderabad, Aug. 5 After a series of large transformational and infrastructure deals in the telecom sector such as Bharti and Vodafone, it is the turn of the banking sector to ...

Venture capital inflow slows down in realty sector in June quarter
Media, industrial segments attract inflow. Mumbai, Aug. 5 Venture Capital Funds (VCFs) and Foreign Venture Capital Investors (FVCI) have reduced their investment in real estate companies during the June-2008 quarter. However, the overall ...

GHCL gains on stake hike hopes
Is the promoter group of Nirma Ltd, picking up stake in GHCL? According to market grapevine, stocks were being picked up in substantial volumes by certain entities, supposedly close to Nirma Ltd promoters. Market sources claim that total stake of ...

3G policy: What’s in it for customer, investor?
Chennai, Aug. 5 The third generation is finally here! Yes, 3G, the most anxiously awaited by telecom operators and subscribers has arrived. ...

Gold, silver to weaken in 2009 on easing inflation
Demand may wane due to dollar recovery. Mumbai, Aug 5 Given the continued financial market turmoil in addition to geopolitical concerns, inflation fears, weaker dollar and lower US interest rates, the positive market fundamentals for gold ...

‘Low’ crosses land, soaks Vidarbha
Thiruvananthapuram, Aug 5 Monday’s ‘low’ over the west-central and adjoining northwest Bay of Bengal has crossed the Orissa coast and lay over south Chhattisgarh and neighbourhood on Tuesday. ...


Advt Links: Used Cars bed and breakfast bruges Tanning Beds Geschlossene Schiffsbeteiligungen Fonds black is beautiful Summit Pacific Vacation Rentals Buy Properties Druckerpatrone Tintenpatrone Andrea Bocelli Web conferencing services since 1997 Business USA Hotel Bruges Mesothelioma Cancer Treatment Sourcing China products Made in China Business Health Insurance About:Blank
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
Markets (Aug 05)
Nifty (at close)4502.85(+107.50)
US Dollar (Buy/Sell)42.28/30
Brent crude (per bbl) Rs5,062
Gold (per gram) Rs1,129
Silver (per gram) Rs25.25


BL Career 2008

Hiring

Digital Sportstar


Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
Remembering Ramachander

Ranbaxy-Daiichi deal

People's car

Other Top Stories
Spencer’s to roll out Ladybird in India soon


Coal India plans to set up gratuity funds portfolio

Domestic maize prices rule firm

‘No parking lots for me post-retirement’

‘Centre’s move seen supporting large firms’

Daiichi Sankyo open offer for Ranbaxy from August 16

Fear of closure of Haldia dock unfounded: KoPT Chairman


Smartbuy



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line