Business Daily from THE HINDU group of publications
Friday, June 20, 2008
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Markets (June 19)
BSE Sensex15087.99 (-334.32)
S&P CNX Nifty4504.25 (-78.15)
US Dollar43.00 (+0.09)


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ANNOUNCEMENTS
Corporate developments
Coimbatore, June 19 Autolite India Ltd has convened a meeting of the board of directors on June 30 to consider plan for capital investment in the company for modernisation and expansion and discuss the possibilities of ... More

FINANCIAL SERVICES
Uniform regulations for all market intermediaries
Existing intermediaries should file disclosure norm in specified form More

NEW FUND OFFER
ING Investment launches Latin America Fund
Mumbai, June 18 ING Investment Management India on Wednesday announced the launch of its Latin America Equity Fund, an open ended fund-of-funds scheme for Indian investors. The scheme will open on June 19 and will close on July 10. The ... More

STOCKS
Openbit takeover gives edge in mobile payment segment
Expands Tanla’s offerings, geographical footprint More

Ranbaxy tumbles on muted guidance
Foreign brokerages see no upside in near-term More

Zee Next spin off could improve earnings
Risk remains with film production foray More

STOCK EXCHANGES
BSE chairman Shekhar Datta, director Jamshyd Godrej quit
‘Leakage’ of Ranbaxy transactions behind the action? More

STOCK MARKETS
Selling pressure
More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Dr Reddys Laboratories (Rs 680.20): Sell
We recommend a sell in Dr Reddys Laboratories from a short-term perspective. The stock has been on a medium-term uptrend since its February 2008 low of Rs 501. However, the stock met with a significant resistance at Rs 720 level in early June and ... More

Day Trading Guide
In line with our expectation, the stock declined in the last trading session. We retain our sell recommendation in this counter. Infosys We recommend a sell in this stock for the session. More

IPOS
JMD ropes in Cushman & Wakefield for valuation
Eyes fund raising via IPO, pvt placement More

Somi Conveyor plans to enter capital markets
Mumbai, June 19 Somi Conveyor Beltings Ltd, a manufacturer of rubber conveyor belts of various sizes used for industrial applications of material handling in various industries, proposes to enter the capital markets on June 24 with an issue of ... 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
Ranbaxy-Daiichi deal

People's car

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‘Bet on low-cost carrier model to beat the current crisis’

Not the right time for credit derivatives: RBI

Corporate debt listing, issuance, simplified

Agri exporters hit by phytosanitary certification process

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Plastic producers cry foul over rise in raw material prices

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Looking back
Jun. 8-Jun. 14
Divi’s Labs annual net surges 87% on higher sales

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