Business Daily from THE HINDU group of publications
Thursday, March 15, 2007
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Commodities (March 14)
Gold (per gram) Rs861
Silver (per gram) Rs20.10
Brent crude (per bbl) Rs2,692
Markets (March 14)
BSE Sensex12529.62(-453.36)
S&P CNX Nifty3641.10 (-129.45)
US Dollar (Buy/Sell)44.28 (+0.06)


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Market tumbles yet again tracking global weakness
Tanks 453 points; banking, construction, IT stocks under pressure More

Investment norms for insurance cos may be eased
Insurance companies may soon have more flexibility investing in corporate bonds and mortgage-based securities. The Insurance Regulatory and Development Authority is likely to issue guidelines by the end of the month. "We are trying to give ... More

Essar, Vodafone reach agreement on jointly managing Hutch
Vodafone agrees to put option that allows Ruias to sell stake over 3 years More

`Stake increase will force Shishir Bajaj into negotiations'
Will avoid the delay of going to CLB and court settlements More

`TCS, Infosys, Wipro way ahead of peers'
Says other `billion dollar babies' must act fast to bridge the divide More

Biocon arm to set up research facility for Bristol Myers
To be Bristol Myers' first research centre in the country More

Infrastructure industries output up 8.4% in April-Jan
Cement, finished steel, coal see slowdown in production growth rates More

Fickle capital flows and equally fickle market psychology
The day's headlines are about Sensex tumbling over 453 points on funds selling, markets plunging, and global sell-off melting the indices. One also saw quite a few `tanks', `nosedives' and `falls' in the market reports . `Have the markets gone ... More

Red spider threatens Nilgiris tea estates
Tea estates in the Nilgiris are facing a threat of red spider mite, which could lower the harvest in the coming weeks if remedial steps are not taken, planters said. "The incidence of the mite has surfaced in Coonoor, Kotagiri, Kundah and ... More

New fund offers keenly watched
`Fresh money may not enter till conditions become easier' More

Reliance Retail in talks with global luxury brands
Speciality stores, exclusive space in hypermarkets planned More

Pyramid Saimira to join retail bandwagon
The next time you go to a movie, you might be able to pick up groceries for home at the theatre, have a hearty meal and also check for a match for your daughter's horoscope. With some 24 lakh sq. ft of surplus space ("more than Pantaloon's") in ... More

You can bank longer!
12-hour banking becomes more common now More

Can Pond's work a miracle?
After failing at extending Fair & Lovely to the premium end of the market, HLL positions its Pond's international range as a `masstige' brand. More

Respite for northwest could be cut short
Big western disturbance could head straight in to India More


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