Business Daily from THE HINDU group of publications
Thursday, May 22, 2008
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Markets (May 21)
BSE Sensex17243.16 (+12.98)
S&P CNX Nifty5117.65 (+12.70)
US Dollar42.83 (+0.23)


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ANNOUNCEMENTS
Corporate developments
Coimbatore, May 21 Gujarat State Financial Corporation has informed that in order to reduce the work force and curtail expenses, the company has introduced a scheme of voluntary retirement to the employees. The scheme shall ... More

STOCKS
KGN relists after 7 years, zooms to Rs 55,000
Mumbai, May 21 The “relisting syndrome” surfaced again on Wednesday when Ahmedabad-based KGN Industries Ltd soared to Rs 55,000 a share on BSE after listing at Rs 100, forcing the exchange to suspend trading on the stock ... More

Titagarh Wagons jumps on FIPB nod
Co to form jt venture with FreightCar for aluminium rail cars More

Open offer expectations lift Cairn India
The stock of Cairn India has been gaining, accompanied by a strong surge in trading volumes. The stock hit its all-time high of Rs 342.50 on the BSE on Wednesday, but closed marginally weaker at Rs 327.25 against the previous day’s close of ... More

Tea, plantation stocks jump on firm price trends
Reports of talks with Dogus Cay lift Tata Tea More

IMPACT
Outsourcing deal to help Bharti Airtel in vendor policy
To strengthen Firstsource’s domestic telecom client-base More

IMPACT
Not much premium on IL&FS Investsmart deal
Acquisition removes uncertainty over E*Trade stake More

DERIVATIVES MARKETS
Reliance Industries in the limelight
Nifty future moves into premium More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Gujarat Alkalies (Rs 188.35): Buy
We recommend a buy in Gujarat Alkalies & Chemicals from a short-term perspective. The charts of the company shows that it has been on a medium-term uptrend from its March 2008 trough of Rs 131. During this up move, the stock met with a ... More

Day Trading Guide
In line with our expectation, the stock fell in the previous trading session and formed a doji candlestick pattern. Desist trading in this counter for the day. Infosys The stock is experiencing selling pressure ... More

VENTURE CAPITAL
Indian private equity funds catch NRIs’ fancy
ICICI Bank raised money in West Asia, UK for its venture capital funds More






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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
People's car

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