Business Daily from THE HINDU group of publications
Saturday, October 06, 2007
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Commodities (Oct 05)
Gold (per gram) Rs875
Silver (per gram) Rs19.05
Brent crude (per bbl) Rs3,128
Markets (Oct. 5)
BSE Sensex17773.36 (-3.79)
S&P CNX Nifty5185.85 (-22.80)
US Dollar39.53 (+0.01)

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Bharti, Vodafone, Idea may merge tower biz
Exploring possibility of creating a mega tower company More

Chidambaram for cut in rates to spur demand
New Delhi, Oct. 5 The Finance Minister, Mr P. Chidambaram, has urged the chiefs of top banking institutions to consider steps to reduce borrowing costs (cut lending rates) so as to give a boost to production of automobile and paper products ... More

Forex reserves swell by a record $11.9 billion
Mumbai, Oct. 5 The country’s foreign exchange reserves surged by $11.871 billion to touch $247.762 billion for the week ended September 28, 2007. The rise in reserves is easily an all-time record. In the recent past, there have been some ... More

PowerGrid surges 93% on debut
Over 9.97 crore shares traded on BSE More

Banks’ loss due to sub-prime crisis put at $2 b
Limited direct exposure in US markets: Shome More

Infrastructure sector sees 9% growth in August
Driven by performance in cement, coal, electricity More

Manufactured products prices push inflation rate to 3.42%
WPI for all commodities at 215 points More

‘Foreign funds raise $30 b for Indian real estate investment’
Private equity market has evolved drastically: Cushman &Wakefield More

Government says licensing for onion export temporary
Area, production set to rise 16% and 20% respectively More

Re rise: Hyundai plans reducing dollar-denominated exports
Centre urged to implement export incentive scheme More

6.5 million mobile users register for ‘Do Not Call’
New Delhi, Oct 5 Within just one month of launching the Do Not Call service, nearly 6.5 million mobile subscribers have registered their telephone numbers to escape receiving unwanted calls from telemarketers. The DNC registry will come ... More

Scheme to promote new tech in rural areas launched
Telecom Dept to fund 5 projects on pilot basis, calls for applications More

LIC’s maiden health insurance product soon
Life Insurance Corporation of India will file its maiden health insurance product with the insurance regulator by next month. The product will be a long-term policy and have a savings element, said Mr D.D. Singh, Executive Director (Health), ... More

Capital goods stocks attract investor frenzy
Due to surge in capex across industries More

Talks of delay in issue of fertiliser bonds hit stocks
‘Subsidy bill for FY-08 expected to touch Rs 40,000 cr’ More

Bank stocks dip on fund selling
Bank stocks have been witnessing some selling pressure in the last couple of days. According to market sources, a few big institutions have been selling banking sector stocks (and also reduced their open interest positions in F&O segment), on ... More

A manch to reach out to rural masses
More

Bay ‘low’ drives monsoon-like rain to east
Thiruvananthapuram, Oct 5 A low pressure area has formed over the west-central Bay of Bengal off the north Andhra Pradesh coast, the first such during the post-monsoon season, but it will drive monsoon-like rain into east and northeast India ... More


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