Business Daily from THE HINDU group of publications
Wednesday, June 25, 2008
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Commodities (June 24)
Gold (per gram) Rs1,148
Silver (per gram) Rs25.80
Brent crude (per bbl) Rs5,840
Markets (June 24)
BSE Sensex14106.58 (-186.74)
S&P CNX Nifty4191.10 (-75.30)
US Dollar42.99


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Loans set to become dearer
RBI hikes repo rate, CRR; priority is combating inflation More

Real estate FDI inflow up nearly five-fold
New Delhi, June 24 The Indian real estate and housing space emerged as the darling of foreign investors in 2007-08, clinching FDI equity inflows of about Rs 8,749 crore, a near five-fold increase over FY07.“The investors have seen ... More

No consensus on ‘break monsoon’
Thiruvananthapuram, June 24 Opinion is divided on whether the current lull monsoon phase in the peninsula and the northern plains pitted against the ongoing wet session in the east and northeast constitute a ‘break monsoon’ phase. ... More

Jet posts loss in Q4 despite higher income
More

Singapore Govt firm picks stake in Reid & Taylor
Mumbai, June 24 In a major private equity investment in the textile sector, apparel firm S Kumars Nationwide has announced that an affiliate of GIC Special Investments will invest Rs 900 crore in its subsidiary, Reid $& Taylor, through a ... More

Apollo Hospital’s turnover crosses Rs 1,000-cr mark
Apollo Hospitals Enterprise Ltd achieved a turnover of Rs 1,150 crore for 2007-08, crossing the Rs 1,000-crore mark for the first time in its history.Turnover for the year was up 28 per cent, over the previous year’s Rs 899 crore. ... More

Indian talent in demand; seen as competitive threat
BORDERLESS WORKFORCE More

Hike will rein in credit growth: RBI
More

Rupee faces downward pressure
There was plenty to unsettle the foreign exchange market over the past fortnight with the Reserve Bank of India hiking the repo rate by 25 basis points, inflation at a 13-year high, sell-off in the equity markets, political skirmishes and so ... More

All techno-eggs in one basket?
Bangalore, June 24 When the hardware and software giants in an industry become one, is that cause for worry or celebration? Nokia is the world’s undisputed handset leader, 4 of 10 mobile phones sold anywhere, roll out of a Nokia ... More

Centre may canalise maize exports
Little relief seen to user industry as supply dries up More

Sagar Cements, Vicat of France plan joint venture
Vicat picks 6.6 pc stake in Sagar for Rs 70 cr More

Cairn’s Barmer-Jamnagar pipeline to be ready by 2009
More

TODAY'S PICK (Latest Audio: English/Tamil)
Chambal Fertilisers (Rs 74.80): Sell
We recommend a sell in Chambal Fertilisers & Chemicals from a short-term perspective. From the charts to the stock we note that it had been on a medium-term uptrend from its March 2008 low of Rs 41, till it encountered resistance at Rs 94 in ... More

Day Trading Guide
Fresh short-position can be initiated, if the stock declines below Rs 692, with stiff stop-loss.Infosys The near-term outlook for the stock is bearish. We recommend a sell.More

NSE volatility index jumps to 67.5 intraday
The index spikes above 50 twice in the last 3 sessions More

Mutual funds play it safe with cash
Equity schemes biding time for value picks in falling market More

Diversification for Tech Mahindra
Co well placed to tap new opportunity More

Nifty July 4000 put added 7.7-lakh shares
Hectic arbitrage play in Reliance Ind More

Life Insurance Corpn to ramp up equity exposure
Investment at market price in 2007-08 rises to Rs 7,51,000 cr More

IMPACT
Sedate show by Tata Chemicals
‘Other income’ boosts profits; chemical biz margins decline More

Weekend rains to help lift ‘break’ phase
Thiruvananthapuram, June 24 The European Centre for Medium-Range Weather Forecasts (ECMWF) has stuck to its outlook on the monsoon coming back to life helped on by the twin ‘props’ emerging from the peninsular seas. Two ... More


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