Business Daily from THE HINDU group of publications
Friday, October 26, 2007
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Commodities (October 25)
Gold (per gram) Rs909
Silver (per gram) Rs19.35
Brent crude (per bbl) Rs3,340
Markets (Oct. 26)
BSE Sensex19246.17 (+472.28)
S&P CNX Nifty5702.30 (+133.35)
US Dollar39.48 (-0.07)

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Only ‘regulated’ entities can invest thru PN route
SEBI approves new trading norms for FIIs More

PNs: Route set for smooth transition
The clarifications issued by SEBI after its board meeting on Thursday has removed most of the doubts and concerns that arose after the issue of the draft discussion paper on offshore derivative instruments last week. The SEBI board has ... More

Chronicle of controlling PNs in India
There is hardly any authentic record of the life and living of participatory notes, issued globally against the local stocks. Existence of these controversial overseas derivatives instruments, according to Mr Pratip Kar, former (and the ... More

Sensex gains 257 pts on buying support
Mumbai, Oct. 25 Fresh buying support and overall positive sentiment helped markets to make fresh gains as traders have almost discounted the impact of SEBI’s new norms for P-Notes. The benchmark index, Sensex gained 257 points as ... More

Idea Q2 net doubles on expanded subscriber base
Awaits spectrum to roll out services in Mumbai and Bihar More

SingTel, Bharti plan new venture for long distance telephony
More

RIL set to re-launch Vimal around Diwali
Reliance Industries Ltd (RIL) is set to re-launch its fabrics brand ‘Vimal’ with a new look, new logo and new offerings around Diwali, with some of the famous names likely to endorse the brand under the ‘Icons of India’ ... More

Centre plans paying additional bonus for paddy
Decision likely on October 31 More

Cairn India consolidated net at Rs 23 cr in 3rd quarter
New Delhi, Oct. 25 Cairn India Ltd has reported a consolidated net profit of Rs 23.2 crore in the third quarter of 2007 against a loss of Rs 71 crore posted in the second quarter. The consolidated revenue of Cairn India and its subsidiaries ... More

BILT standalone net rises on paper demand
Outlook for forthcoming quarters positive More

NIIT net profit rises 31% on higher margins
Posts 50% growth in operating profit in second quarter More

India investment crosses $3 b in 5 years: Oracle
Launches Asia R&D, Partner Solution centres More

Strong rupee impacts Cipla’s performance
Mumbai, Oct. 25 Drug-maker Cipla expects the strong rupee to impact both sales and profits in the current quarter, its Chief Executive Officer Mr Amar Lulla said.The company’s performance for the three months under review, ended ... More

Central banks’ stance to soften?
More

LIC open to building townships
Targets Rs 52,000-cr first premium income this fiscal More

Custom-manufacturing biz lifts Nicholas Piramal
Mumbai, Oct. 25 Robust revenues from the custom-manufacturing business have helped bolster the performance of drug-maker Nicholas Piramal India Ltd (NPIL) for the three-months ended September 30.But with the appreciating rupee expected to ... More

‘P-Note policy may cool markets in short term’
Move on pension funds welcomed More

Today's pick: Jindal Stainless (Rs 165.95)
We recommend a buy in Jindal Stainless at current levels. The weekly chart shows that Jindal Stainless has been on a long-term uptrend since June 2006, from Rs 62-levels. The daily chart shows that the stock has been charting a medium-term ... More

Day trading guide
Contrary to our expectation, the stock gained in the last session and is trading near its all-time high. Fresh buying should be initiated only when the stock moves above Rs 1,157.Infosys On October 25, the stock was ... More

IFCI in limelight
The IFCI stock has been gaining at a fair clip in the last couple of days. On Thursday, the stock gained 8.45 per cent to Rs 89.80. This is a gain of 15.42 per cent week-on-week. Volumes also zoomed in the counter with 2.33 crore changing ... More

Aye, aye, C@ptain
Brave young DesiCrew sets sail as the tide turns in favour of rural outsourcing. More

Bay system slides into Arabian Sea
Thiruvananthapuram, Oct. 25 Wednesday’s ‘low’ over southwest Bay of Bengal and adjoining coastal areas of Tamil Nadu spun westwards to cross the extreme south peninsula and emerged into the warmer waters of southeast Arabian ... More


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