Business Daily from THE HINDU group of publications
Thursday, June 26, 2008
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Markets (June 25)
BSE Sensex14220.07 (+113.49)
S&P CNX Nifty4252.65 (+61.55)
US Dollar42.77 (-0.22)


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MARKETS

ANNOUNCEMENTS
Corporate developments
Amtek Auto Ltd has informed that its subsidiary Amtek Transportation Systems Ltd has signed a JV agreement with American Railcar Industries Inc based in St Charles, Missouri. The JV, which will be owned 50 per cent by the ARI ... More

OVERSEAS BORROWINGS
IndusInd Bank raises Rs 222 crore through GDR issue
Each GDR represents 1 share More

STOCKS
Infosys ends down on fear of losing UBS
Brokerages expect challenging times ahead More

NTPC July futures see higher short rollover
Turnover tops Rs 80,000 crore since January fall More

Higher costs may be passed on to borrowers
RBI move: Banks not to face any liquidity crunch More

Entertainment tax cuts in Delhi to benefit PVR
Margins could get a boost More

STOCK EXCHANGES
BSE board appoints Jagdish Capoor as Chairman
Mumbai, June 25 The Bombay Stock Exchange on Wednesday appointed Mr Jagdish Capoor as the Chairman of its Board. He is currently also the Chairman of HDFC Bank and earlier served as the deputy governor of the Reserve Bank of India.Last ... More

STOCK MARKETS
Markets factor in rate hike
But a few analysts surprised at the magnitude More

RECOMMENDATION
TODAY'S PICK (Latest Audio: English/Tamil)
Century Textiles (Rs 580): Buy
We recommend a buy in Century Textiles and Industries from a short-term perspective. From the charts of the stock, we note that it has been on an intermediate-term downtrend, since its 52-week high of Rs 1,275, recorded in early January 2008. ... More

Day Trading Guide
The stock has formed a spinning top candlestick pattern, indicating indecisiveness. Avoid trading in this counter for the session. Infosys In line with our anticipation, the stock fell in the last trading day. ... More

IPOS
Allied Blenders plans to tap premium segment of rum & wines
Mumbai, June 25 Putting its history of litigation behind it, the Kishore Chabbria promoted Allied Blenders and Distillers is planning an IPO along with an image makeover for itself. Besides the Rs 450-crore spirits company would be investing ... More

KSK Energy IPO subscribed 1.5 times
Mumbai, June 25 The IPO of KSK Energy Ventures Ltd was subscribed 1.5 times on the last day of the issue, despite the turbulent market conditions, according to the data available on the NSE. The company entered the capital markets on June 23 ... More

BONUS ANNOUNCEMENTS
Amara Raja’s sales cross Rs 1,000 cr, 1:2 bonus declared
Chennai, June 25 Amara Raja Batteries’ turnover has crossed the Rs 1,000-crore mark for the first time . The company’s net sales for 2007-08 were Rs 1,109 crore, compared with Rs 605.57 crore for the previous year.The ... More

NEW PRODUCTS & SERVICES
EW India Islamic Index launched
644 Shari’ah compliant companies constitute the index 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

Other Top Stories
No subsidies for hybrids, many for electric vehicles

Himachal Futuristics, Videocon spar over Datacom

Net direct tax collection rises 43% up to June 21

Apollo Hospitals to hive off pharma retailing into separate co

HTMT Global to buy BPO co in Europe

Ozone Group launching drugs at 50% lower price

Buyout to Spice up Idea infusion from TMI at huge premium

Looking back
Jun. 15-Jun. 21
Sterlite, Tata Power to figure in Sensex from July 28

Will RIL-RCom spat affect markets?

Ashok Leyland shareholders to get stake in Nissan jt venture

SEBI advises MFs to focus on hassle-free redemptions

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