Business Daily from THE HINDU group of publications
Sunday, June 29, 2008
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Commodities (June 28)
Gold (per gram) Rs1,183
Silver (per gram) Rs25.75
Brent crude (per bbl) Rs6,004
Markets (June 27)
BSE Sensex13802.22 (-619.60)
S&P CNX Nifty4136.65 (-179.20)
US Dollar42.88 (+0.13)


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Mutual funds turning to debt, trim equity
Despite the steep Sensex decline, asset base expands 9% till May More

ECB inflow slows down in April-May
Mumbai, June 28 Overseas borrowing by Indian corporates has slowed down, as is evident from the figures on external commercial borrowings for the period April-May released by the Reserve Bank of India.According to the RBI data, in ... More

Overseas investors seeking out Indian partners for advice
New Delhi, June 28 It’s a new KPO format — one that entails outsourcing of investment decision inputs by global funds to Indian investment managers. The trickle has started, but a deluge is expected by industry watchers.New ... More

Subhiksha buys listed NBFC
Chennai, June 28 Subhiksha Trading Services Ltd, the closely held company that runs the country’s largest food and grocery discount retail chain branded Subhiksha, has acquired a majority stake in a Chennai-based listed entity, Blue ... More

Steel output growth slows, falls below Asian average
New Delhi, June 28 India has recorded the lowest growth rate in steel production among the five Asian countries for the first five months of 2008.Indian steel production grew by 4.1 per cent during January-May against an Asian average ... More

Reliance MF launches SIP scheme with insurance cover
Chennai, June 28 Reliance Mutual Fund (RMF) on Friday launched Reliance SIP Insure, an investment option with free life insurance cover. The Deputy Chief Executive officer of Reliance Capital Asset Management Ltd (RCAML), Mr Sundeep Sikka, ... More

India Inc imports expat talent from similar markets
Bangalore, June 28 The colour of the skin no longer matters in India Inc’s boardrooms. Corporate India, which depended heavily on leadership talent from the US and the UK during its early days of globalisation, is now looking at ... More

1987 in replay?
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Index Outlook
It was the turn of the bear to thunder through the Indian stock markets last week sending stock prices and the indices tumbling to one-year lows. The tiny mid-week recovery was scuttled by crude prices that spiked above $140 on Thursday. The ... More

What has changed with MF portfolios
Domestic mutual funds have unflaggingly pumped money into Indian stocks in 2008, even as foreign institutional investors have been queuing up at the exit doors. With valuations for many fancied stocks and sectors ruthlessly whittled down, buying ... More

HCL Infosystems: Buy
Investments with a one-year horizon can be considered in the shares of HCL Infosystems, considering its well-positioned business in the domestic IT infrastructure market and very reasonable valuations. At Rs 137, the stock trades at 7 times ... More

Make sense of market jargon
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Aban Offshore: Buy
More

Mundra Port and SEZ: Buy
More

Dabur Pharma: Sell in market
More

DSPML Top 100 Equity Fund: Invest
In a highly volatile market, with an uncertain short-term outlook, large-cap stocks offer a relative safe haven for investors. The large-cap oriented DSPML Top 100 Equity Fund is a good investment option on this score. The fund has generated ... More

Birla Cotsyn India: Avoid
More

DWS Alpha Equity: Hold
More

RBI moves may further rock the ground for realty
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Regret Aversion and how to avoid it
Financial markets have come a long way since Eugene Fama propounded the Efficient Market Hypothesis. Psychologists and neuroscientists now study how our thought processes affect asset price movements. Studies have shown that asset price does ... More

Rising inflation in emerging markets
More

Building wealth from scratch
I have just migrated to the US for employment. I am 40 years old and my wife is a home maker. We have two daughters aged 4 and 10. I don’t have any savings. I have borrowed huge sums, which I am repaying now. Assume that I am ... More

Jharia project: ONGC to start commercial production soon
More

9% growth over medium term possible, says Montek
Hyderabad, June 28 The country would be able to maintain nine per cent growth rate in the medium term despite the recent increase in oil prices internationally, Mr Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, has ... More

Weekly News Round-up(Latest Audio:English/Tamil)
The Wholesale Price Index-based inflation shot up further to 11.42 per cent during the week ended June 14, up from the previous week's 11.05 per cent. The increase was driven by an across-the-board increase in price levels of manufactured ... More


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