Business Daily from THE HINDU group of publications
Friday, July 04, 2008
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Commodities (July 3)
Gold (per gram) Rs1,204
Silver (per gram) Rs28.20
Brent crude (per bbl) Rs6,221
Markets (July 03)
BSE Sensex13094.11 (-570.51)
S&P CNX Nifty3925.75 (-167.60)
US Dollar43.32 (+0.12)


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Sensex plunges 570 pts
Mumbai, July 3 Stock markets suffered another major fall on Thursday, wiping out most of yesterday’s gains. Crude touching $146 a barrel coupled with poor job data in US dampened sentiment in all major markets.The BSE ... More

Reliance calls RCom for talks on MTN bid
Reliance Industries Ltd has called Reliance Communications for conciliatory talks on the issues related to the sale of RCom's stake to the South African telecom major MTN, a spokesman for RIL today said. RIL has sent a letter to bothMTN board ... More

Maize exports banned till October 15
Domestic prices now ruling at Rs 950-1,000 a quintal More

Siemens to make metro, train coaches in India
Pune, July 3 Engineering and electrical goods major Siemens may soon set up a facility to manufacture coaches for trains and metros in India, thereby launching a completely new business segment in the country. According to highly ... More

Print advertising of ACs up 11%
Chennai, July 3 Print advertising of air conditioners grew by 11 per cent during January-April 2008 as compared with January-April 2007. According to a study of AC advertising trends by AdEx India, LG Electronics was the top advertiser ... More

India, China seen driving steel demand for next few years
LME steel billet futures may succeed despite reservations More

Forex derivatives and ‘Armstrong’ Palanisamys
More

Bankers brace for further increase in repo rates
Liquidity remains tight; inflation fears heightened by oil rise More

We could do better with some Govt help: Nasscom
‘IT majors can save about $500 m if recruits come equipped for jobs’ More

Nortel in talks with Indian telcos for 4G
Trial run of new LTE technology by year-end likely More

Chilli exports increase to all-time high
Coonoor, July 3 The country’s chilli exports in 2006-07 fiscal reached an all-time high, an analysis of the information available with Spices Board and exporters reveals. Exports rose to 209 thousand tonnes from 148.5 thousand ... More

Of Nawabi class
New Hyderabad airport: Exquisite design, natural lighting and spacious, with passenger services that measure up. More

IMPACT
Policy proposals may help sugar realisations
Decontrol of cane pricing and sourcing more crucial More

Short covering helps public sector banks recover
Private sector banks fall sharply More

TODAY'S PICK (Latest Audio: English/Tamil)
United Phosphorus (Rs 267.25): Sell
We recommend a sell in United Phosphorus from a short-term perspective. It is evident from the charts of United Phosphorus that after an uptrend (from its March low) the stock encountered resistance at around Rs 360 in May level and commenced a ... More

Day Trading Guide
Initiate fresh short-position, only if the stock declines below its 52-week low of Rs 551 with tight stop-loss. Infosys Sell the stock, if it declines below Rs 1,734, with stiff stop loss.More

Steel pipe makers to cut prices
Ceiling of Rs 48,000 to be fixed More

Fuel price rise will not impact domestic air travel growth: KPMG
New Delhi, July 3 The domestic aviation sector will continue to grow as long as income levels rise, the buying power of the middle class remains buoyant, and the economy and gross domestic product are driven on purchasing power parity and not ... More

21% surplus rain in June, more seen coming
Thiruvananthapuram, July 3 The monsoon has delivered a surplus of 21 per cent during the first month according to the all-India area-weighted rainfall statistics valid as of July 2. An India Meteorological Department (IMD) update said ... More


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