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Business Daily from THE HINDU group of publications
Tuesday, May 13, 2008
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Economic Indicators (May 13)
GDP8.70%
Inflation7.61% (April 26)
Call money6.25/6.50%
Rupee Ref rate42.16($) 65.54(€)
Markets (May 13 at close)
BSE Sensex16752.86(-108.04)
S&P CNX Nifty4957.80(-54.85)
US Dollar (Buy/Sell)42.09/10
  


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NEWS UPDATE
Monday to Saturday

Story of the Day
Prolonged desk jobs potentially life-threatening: study

Markets
MphasiS soars 10% amid HP-EDS acquisition talk
Markets face resistance; Sensex down 108 points  Updated
Hindalco up 3 per cent on BSE
Weak rupee helps exporters in general
Forex Rates
Call money at 6.50-6.75 per cent
Rupee down  Updated

Corporate
Honda Siel Cars unveils 8th Generation Accord
Thomas Cook's open offer to start on May 16
LG Balakrishnan to demerge forging unit
Tata may export 'Nano' to promising markets
Matrix Lab's US arm reports over $3 million profit
Board meetings today
Board meetings tomorrow

Book Closures/Dividends
Triton Valves to pay Rs 12.50 dividend
Maxwell Ind board meets on May 15
Unichem Lab to pay Rs 5 dividend
SIL Investments board recommends Re 1 dividend

Corporate Results
GAIL Q4 net rises to Rs 1,098 cr
ICI India to consider results on May 20

Industry
Asia to feel the US slowdown in mid-2008: Moody's
Steel makers' plea to remove export duty under Govt consideration
BEML signs pact with SAIL
Satluj Jal gets 'Mini Ratna' status

Agri-Business
Myanmar cyclone causes delay in imported pulses
Maharashtra's sugar output reaches 86 lakh tonnes
Vegetable prices in Chennai

Commodities
MCX to open additional delivery centres for Gold futures
Govt plan to limit edible oil stock pulls down futures
Sharp fall in castorseeds futures
Crop production likely to go up by 2.2% in FY-09, says CMIE
Sugar lower on increased supply, reduced offtake
Soya, palm oil remains up on global cues
Gold, silver recover on brisk buying
Basmati rice surges by Rs 400 a quintal on exporters' demand
Plan to limit edible oil stock pulls down futures prices
Dal prices rule mixed

Logistics
India, Malaysia to ink multi-million dollar railway deal

Global News / Markets
US markets up

General
WTO chief's prognosis on food crisis finds support in India
Finance Ministry likely to compensate 50% losses of oil marketing cos  Updated
Rice production to reach new highs
Corporate raise Rs 1.74 lakh crore; prefer preferential allotment
'Bilateral trade between India-Germany growing'
India, UAE discuss security, military ties

Info-Tech
Qualcomm to launch smartphones
HP to acquire Electronic Data Systems for about $13.9 bn
Bharti approaches sovereign funds to back MTN bid: Report
IT sector gets $87 mn venture capital investments
Ram Informatics signs pact with Nagar Sahakarika Bank, UP

Banking & Finance
Max New York Life launches mobile payment service
SBI ties up with Australia's IAG for general insurance biz

Govt/States
Deora seeks oil bonds to cover oil cos' losses
Shops gutted in fire

Legal
SC stays ONGC bidding process on B-22 oil field
Advocates can't audit, only CAs/Cost Accountants can: SC
SC asks Tata, WB govt to file reply on Singur land acquisition  Updated


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