Business Daily from THE HINDU group of publications
Tuesday, June 17, 2008
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Commodities (June 16)
Gold (per gram) Rs1,128
Silver (per gram) Rs25.40
Brent crude (per bbl) Rs5,752
Markets (June 16)
BSE Sensex15395.82 (+206.20)
S&P CNX Nifty4572.50 (+55.40)
US Dollar42.98 (+0.02)


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States ask Centre to make good the loss on fuel levy cuts
Seek 50% compensation of the estimated Rs 8,000-cr hit More

Decision on tax relief for aviation fuel next week
VAT panel asks Civil Aviation Ministry to provide options on the issue More

RCom continues talks with MTN despite RIL objection
Mumbai, June 16 Anil Ambani-led Reliance Communications said it was continuing its exclusive talks with South African telecom major MTN, unperturbed by what it described as efforts of the estranged brother Mukesh Ambani’s Reliance ... More

It costs Cairn India just $4.50 to produce a barrel of oil
More

Work-from-home: Cognizant gives the concept a new dimension
Chennai, June 16 Terrified of commuting to work during the monsoons? Or are you dying for a TV at your work-place when a cricket match is on? Cognizant Technology Solutions could be your dream employer. The company has put in place a ... More

A changed relationship
IT firms and financial markets More

JSW Steel to set up $42-m greenfield project in Georgia
In pact with UK co; project likely to be on stream in 2008-09 More

Coffee output seen up on helpful weather
Production pegged at 2.93 lakh tonnes; gains from Karnataka zones More

National Skills Registry a ‘great first step’
Nasscom initiative yet to reach critical mass; 57 cos are participants More

‘Balanced funds preferred in current market conditions’
These schemes remain unaffected compared with equity-oriented funds More

TODAY'S PICK (Latest Audio: English/Tamil)
GSFC (Rs 178.05): Buy
We recommend a buy in Gujarat State Fertilizers & Chemicals from a short-term perspective. It is clearly visible from the charts of Gujarat State Fertilizers & Chemicals that it had been on an intermediate-term downtrend from its January ... More

Day Trading Guide
Initiate fresh long-position only if the stock moves above Rs 817, with tight stop.Infosys The stock is experiencing selling pressure at higher levels. Sell the stock when it reverses for Rs 1,950 level with ... More

IOB – stock split on the cards?
If what Mr S.A. Bhat, Chairman and Managing Director, Indian Overseas Bank, said at the bank’s annual general meeting last week is any indication, the bank’s share could be heading for a stock split.The IOB stock tumbled 28.5 ... More

Daiichi Sankyo’s open offer for Ranbaxy opens on August 8
Mumbai, June 16 Daiichi Sankyo’s open offer for up to 20 per cent stake in Ranbaxy Laboratories will open on August 8, the company said in a public announcement on Monday.The Japanese drug maker, Daiichi Sankyo recently announced ... More

IMPACT
New policy may boost complex fertilisers demand
No immediate financial gain seen for complex producers More

IMPACT
Steel pipe makers gain on withdrawal of export tax
Welspun Stahl, Jindal Saw to benefit the most More

Depression in Bay drives up monsoon vigour
Thiruvananthapuram, June 16 Sunday’s ‘low’ over the North Bay of Bengal intensified into a depression to the southeast of Kolkata driving up the monsoon activity over east India, the northeast and the Indo-Gangetic plains on ... More


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