Business Daily from THE HINDU group of publications
Monday, May 19, 2008
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Commodities (May 17)
Gold (per gram) Rs1,152
Silver (per gram) Rs25.75
Brent crude (per bbl) Rs5,296
Markets (May 16)
BSE Sensex17434.94 (+81.40)
S&P CNX Nifty5157.70 (+42.45)
US Dollar42.70 (-0.07)


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At the supermarket, prices stay flat for tea, coffee, soft drinks
But most other items on the shelves turn costlier, tracking inflation data More

FMCG makers try to rein in costs, offer value packs
Chennai, May 18 If it makes you feel any better, you could have been paying far more for your soaps and detergents and other items of daily consumption if consumer goods manufacturers passed on the hikes in inputs costs for them in entirety. ... More

A more expensive shopping basket
Take a look at the prices in the table and imagine a shopping basket this month comprising the following goods: Britannia Marie Gold biscuits 200 gm, Horlicks Jar 500 gm, Surf Excel Blue 1.5 kg, Sunsilk Black shampoo 100 ml, Hamam soap ... More

GAIL may get stake in Pak sector of gas pipeline project
New Delhi, May 18 GAIL (India) Ltd could become a consortium partner in the Pakistan-India portion of the Iran-Pakistan-India (IPI) gas pipeline project. A senior official said, “In the portion of the pipeline being constructed ... More

Gujarat Gas struggles to source supplies
Puts business on ‘maintenance mode’ More

Relax import duty on food items: Assocham
Mumbai, May 18 The high rate of inflation is primarily due to high international crude prices, rise in farm prices, forex inflows and stagnation in India’s total foodgrains production, the Associated Chambers of Commerce and Industry of ... More

Jet, Air Deccan, JetLite likely to fly Dubai soon
More number of seats on offer More

CSIR’s polymer gets US patent; USV to license know-how
LAB-INDUSTRY INNOVATION More

Gold: Bulls have edge in the short term
Yellow metal likely to test $920 an ounce More

Wheat, rice procurement may hit record high
Centre, States make purchases from outside Punjab, Haryana More

Ravi Uppal: At home in the world
The ABB India chief takes up his new assignment with zeal More

Global problems and local protests
More

Market may move up further
Rupee, crude oil and monsoon clouds would be closely watched More

Pain points that the mining policy strikes at
More

Borrowing abroad seen attractive despite rising dollar
Corporates with hedged forex exposure will benefit more More

How forward contracts help
Consider the following illustration: An exporter executes an order worth $1 million on May 1, 2008, and is to receive the proceeds on August 1, 2008. An importer gets goods worth $1 million on May 1and has to pay the amount on August 1. Both of ... More

Are appraisals hurting you?
Doing one’s homework and being fair can ease the stress of this essential task More

M&As in IT, BPO space slip to $475 m in Jan-April
Analysts betting on recent deals to spur activity More

Going for the heights
Indian IT players are looking at a China base to scale up — and out — of traditional geographies. Anand Parthasarathy caught a whiff of the action, on a recent visit. More

Rogue whirl seen rearing head in Arabian Sea
Thiruvananthapuram, May 18 The European Centre for Medium-Range Weather Forecasts (ECMWF) sees a rogue circulation spin up in the west-central Arabian Sea about the same time as the westerly winds are predicted to accelerate in the run up to ... More


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