Business Daily from THE HINDU group of publications
Thursday, January 18, 2007
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Commodities (Jan 17)
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BSE Sensex14131.34 (+16.61)
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Wipro Q3 net profit rises 41 pc, revenues up 45 pc
Good volume growth from global IT business: Premji More

Wipro plans to hire 14,000 freshers
More intake at entry level to keep a tab on costs More

Indian crude basket at $50.60
The Indian crude basket on Tuesday went down by 82 cents to $50.60 a barrel from $51.42 a day earlier. This was, however, higher than the lowest touched on January 12 when it stood at $50.47. The Indian basket comprises Oman-Dubai sour grade ... More

Citigroup may pump in up to $1 b in 2-3 years
Citigroup Investments India, which has invested about $500 million in some 25 portfolio companies in the country, expects to pump in another $1billion over the next two-three years. These investments are not sector specific and would cover ... More

All SEZ approvals on hold: Kamal Nath
All special economic zone (SEZ) approvals are on hold until the January 22 meeting of the empowered group of Ministers, which will also take stock of how the States have been following up the clearances and addressing land acquisitions and ... More

Mittal group in talks with HPCL for stake in Bhatinda refinery
OIL shows interest as negotiations centre on equity structure More

Benchmark AMC, UTI to float gold exchange traded funds
Both funds to be open-ended schemes and to be listed on NSE More

3G policy by February
1900 Mhz band may be opened up for CDMA players More

Era of cheap oil over: Venezuela company official
The era of cheap oil is over and prices will not go back to $30-40 a barrel again, according to Mr Luis F. Vierma, Vice-President (E&P) of Petroleos De Venezuela SA (PDVSA), Venezuela's national oil company. "Oil prices will stay where they are . More

Re-insurers insisting on stiffer terms
Few comfortable with the current free fall in premiums More

Redressal mechanism for AI-Indian merger
Integration panel with union representatives to be formed More

Orascom claims first right of refusal for Hutch
Adding a new twist to the Hutchsion Essar saga, Egypt-based Orascom said on Wednesday that it held the first right of refusal in case Hutchison decides to sell equity in Hutchison Telecom International Ltd (HTIL). Orascom indirectly holds close ... More

Tata Motors hopes to woo buyers with Indigo XL
Tata Motors' advertising campaign for its Indigo sedan featured a rear seat occupant being pampered `first-class-airline-passenger style' as he was being chauffeured to the destination. But, obviously, with the dimensions and features of the ... More

Arbitrage funds outperform benchmarks
More scope seen for launching product variants More

Quarterly earnings dictate trend
Wednesday's session saw the Indian equity markets meandering sideways. The Sensex moved in a 100-point band between 14,200 and 14,100 before closing with a marginal gain of 16.6 points. The Nifty closed the day in the red, down 0.1 per cent. ... More

Great Offshore: Betting on demand
The stock of Great Offshore, the newly de-merged offshore services business of GE Shipping, has been largely range-bound in the recent past, yet market players are keenly watching the stock. The company is expected to be the biggest beneficiary ... More

KS Oils up on acquisition talk
Market talk that KS Oils is at an advanced level of negotiation for an acquisition has been driving interest in the company's stock. The stock has seen a 70 per cent jump month-on-month and a 24 per cent gain week-on-week. While the management ... More

CAStaway!
The conditional access system and its impact ... More


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