Business Daily from THE HINDU group of publications
Thursday, August 02, 2007
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Commodities (August 1)
Gold (per gram) Rs812
Silver (per gram) Rs18.80
Brent crude (per bbl) Rs3,120
Markets (August 1)
BSE Sensex14935.77 (-615.22)
S&P CNX Nifty4345.85 (-183)
US Dollar (Buy/Sell)40.51 (+0.11)

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Sensex down 600 pts on global worries
Spectre of defaults in US housing loans shakes bourses More

‘1-year deposit rates may hold at 8.5%’
New Delhi, Aug. 1 With number of public sector banks now inclined to lower one-year deposit rates by 50 basis points and some even having already announced a reduction, the Finance Minister, Mr P. Chidambaram, today said that deposit rates are ... More

Four-wheeler sales post double-digit growth in July
Slump in two-wheeler continues More

Bird flu: Threat of glut haunts poultry sector
Egg exports from Namakkal drop by 30 lakh; domestic prices hit More

Rupee appreciation dents export growth sharply in June
High import growth pushes up trade deficit in first quarter More

Liquid milk helps in dairy industry growth
Southern States have emerged as trendsetters More

Earnings of Sensex cos grow 35% in June quarter
Manufacturing biggies reap benefits of strong rupee More

Govt mulls raising FDI cap in PSU refineries
New Delhi, Aug. 1 The Government is examining the option of raising the foreign direct investment (FDI) cap in public sector refineries from the existing 26 per cent. Sources said this may come as part of the FDI review process currently being ... More

BSNL union opposes VRS
BSNL Employees Union on Wednesday opposed the management’s proposal for Voluntary Retirement Scheme (VRS) of 20,000 employees and threatened to go on agitation if the proposal was not dropped. “We strongly protests against this ... More

Cisco sees huge scope for SMB products
Coimbatore, Aug. 1 Cisco Systems is all set to enhance the product capability of its ‘Smart Business Communication Systems for the Small and Medium Business (SMB) units’.“This is part of our SMB strategy for India. We ... More

Binani Cement to invest $100 m in Chinese co
Plans raising stake to 70% by September More

Is the retail investor always on the losing side?
Chennai, Aug. 1 Every time the market crashes we are told that it is a case of panic selling by the FIIs.But what is perhaps not being said is that it is the retail investor, along with the domestic public financial institutions, who ... More

Brokerages take preventive step to ward off margin call threat
‘NSE pay-in tomorrow at 9.30 am would be crucial’ More

Index funds hit by shaky markets
Diversified equity funds perform better More

West Coast Paper: One more price hike
In line with the prevailing market mood on Wednesday, the West Coast Paper counter, a component of the BSE Small Cap Index, declined by over five per cent to close at Rs 426.50. But it did not see a sell-off as investors appeared to be unwilling ... More

Top-end tumult
Higher disposable incomes and aspirations are fuelling sales of high-end consumer durables, making for aggressive marketing. More


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