Business Daily from THE HINDU group of publications
Thursday, June 19, 2008
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Commodities (June 18)
Gold (per gram) Rs1,139
Silver (per gram) Rs26.20
Brent crude (per bbl) Rs5,720
Markets (June 18)
BSE Sensex15422.31 (-274.59)
S&P CNX Nifty4582.40 (-70.60)
US Dollar42.91 (-0.01)


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Ranbaxy settles worldwide patent litigations with Pfizer
Gets 6 months exclusive rights to market Lipitor generic version in US in 2011 More

Settling patent disputes a way out of legal costs
Allows innovator to keep generic cos at bay till patent expiry More

‘Reliance Big, Spielberg’s DreamWorks in talks’
Joint venture deal may be on cards More

Higher TDS mop-up lifts direct tax receipts 71% in April-May
New Delhi, June 18 Aided by higher tax deduction at source (TDS) collections arising from better tax administration and widening tax payer base, the Centre’s net direct tax collections recorded a 71.28 per cent increase during the first ... More

Younger aircraft may be the answer
Bangalore/New Delhi, June 18 With aviation turbine fuel (ATF) prices hitting an all-time high, the domestic airlines industry is looking at various options to insulate their bottomline including leasing newer aircraft which are more fuel ... More

Shyam-Spanco venture buys out Spectranet
New Delhi, June 18 Telecom firm Shyam Group and IT services company Spanco Telesystems and Solutions Ltd (Spanco) have entered into an agreement with Punj Lloyd Ltd to acquire its Internet services company Spectranet. Shyam and Spanco ... More

Sugar output seen below 265 lakh tonnes
Production likely to be hit next season also More

Honda launches Civic Hybrid; to cost Rs 21.5 lakh
New Delhi, June 18 Japanese car maker Honda Motor Co on Wednesday introduced the first hybrid vehicle in the country by launching its sedan Civic, equipped with a petrol engine and an electric battery. Honda said that the Civic Hybrid ... More

Infrastructure sector growth dips to 3.6% in April
Slowdown in electricity generation, crude oil, petroleum refinery output More

Airlines studying options to cut fuel costs
Mumbai, June 18 Domestic airlines are now exploring various options to cut down on their cost of fuel, which accounts for 40-50 per cent of their overall operating costs. In what could be seen as a counter answer to the near monopoly of ... More

Selling the cell
Makers and retailers of mobile phones are faced with the challenge of selling them as both necessity and fashion accessory. More

RCom may proceed legally against RIL officials
Reliance Communications (RCom) may initiate criminal proceedings against Reliance Industries (RIL) officials involved in the signing of January 12, 2006 agreement, if RIL continues to assert its ‘right of first refusal’ (to buy a ... More

Buybacks on the rise at domestic, global markets
Cos resort to the option as market valuations are low More

TODAY'S PICK (Latest Audio: English/Tamil)
Bank of Baroda (Rs 245.25): Sell
We recommend a sell on Bank of Baroda from a short-term perspective. From the charts of Bank of Baroda, we note that the stock has been on an intermediate-term downtrend, since its January 2008 high of Rs 501, forming lower peaks and lower ... More

Day Trading Guide
In the last trading session, the stock tumbled and formed a bearish engulfing candlestick pattern that indicates bearishness. Sell the stock in rallies with stop loss at Rs 798. Infosys Following a cautious ... More

Ranbaxy promoters’ timely exit
More

Huge spike in earnings seen for Ranbaxy in 2011-12
Stock may move up to factor in unexpected gains More

Depression weakens, but dynamic still
Thiruvananthapuram, June 18 True to character, Tuesday’s monsoon depression over land retained strength until noon on Wednesday as it ground away flywheel-like on the flooded tracks igniting a lot of weather and causing the heavy rain ... More


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