Business Daily from THE HINDU group of publications
Friday, February 22, 2008
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Commodities (Feb 22)
Gold (per gram) Rs1,124
Silver (per gram) Rs25.50
Brent crude (per bbl) Rs3,858
Markets (Feb. 22)
BSE Sensex17349.07 (-385.61)
S&P CNX Nifty5110.75 (-81.05)
US Dollar40.00 (+0.04)


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Wockhardt firm on expansion; looking at alternative funding
Hospitals’ IPO in near term unlikely, say observers More

Hexaware reports Rs 81-cr loss on forex deals
Mumbai, Feb. 21 Hexaware Technologies, which had suffered a severe blow recently on account of certain unauthorised forex derivative deals entered into by a company official, on Wednesday reported a Rs 81-crore loss for the quarter ended ... More

Centurion Bank scrip surges on merger buzz
Mumbai, Feb. 21 The share price of Centurion Bank of Punjab on Wednesday shot up 14 per cent on the BSE, spurred on by rumours of a possible merger with HDFC Bank.The traded volumes as also the volume that came up for delivery were ... More

SC declines to examine plea of former BPO chief
Hewlett-Packard Global Soft case trial in Karnataka More

User levy at new airports: Domestic passengers spared
New Delhi, Feb. 21 Domestic passengers flying from the new airports in Bangalore and Hyderabad will be spared the development levy planned. The Government has, however, allowed the GMR group-promoted Hyderabad airport and the ... More

‘Indian cos have flexible policies to encourage work-life balance’
TEAMLEASE SURVEY More

Auto components industry reels under steel price hike
Rising rupee, Chinese imports also add to its woes More

Gold zooms; silver at 27-year high
Mumbai, Feb. 21 Gold prices hit fresh high in international and the local market. In the London spot market gold hit an all time high of $949.60 an ounce tracking which in the local market, standard gold was quoted at Rs 12,200 per 10 gm, ... More

‘We have a $20-m R&D budget for pure drug discovery’
No plans for hiving off R&D unit into separate entity More

RCom buys Ugandan co, to invest $500 m
Anupam Global holds infrastructure and public service provider licences More

Survey explodes many myths on IT risk management
Pune, Feb. 20 Symantec, player in the infrastructure software, has launched the second volume of the IT risk management report, revealing that awareness of the importance of risk management was increasing among the IT community. The ... More

Pharmaceuticals: Hopes on R&D, tax incentives
The prospect of greater regulation of drug prices in the domestic market, a depreciating dollar and pressure on pricing in large markets such as the US, has left the Indian pharmaceutical industry at the crossroads. In the last nine ... More

TODAY'S PICK (Latest Today's pick audio)
Hexaware Technologies (Rs 79.55): Buy
We recommend a buy in Hexaware Technologies from a short-term perspective. From the charts of this stock, we note that the stock has been on a long-term down trend from its December 2006 high of Rs 204.9. However, the stock found support at ... More

Day Trading Guide
In line with our expectation, the stock declined on Thursday. We maintain our sell recommendation in this counter. Infosys On Thursday, the stock conclusively broke out of the short-term sideways consolidation ... More

Return ticket
Some tips to ‘de-risk’ your stock portfolio and stay invested with confidence. More

Metal stocks surge on Budget expectations
Steel makers hope for export duty hikes on iron ore More

Bank stocks slump
Rate cuts weaken sentiment More

Trading volume doubles for Indian GDRs at London Stock Exchange platform
‘More Indian companies coming to the LSE this year’ More

IMPACT
HCL Tech buy may beef up BFSI offering
Stock still at discount to Tier-I peers More


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