Business Daily from THE HINDU group of publications
Thursday, December 20, 2007
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Commodities (Dec 18)
Gold (per gram) Rs944
Silver (per gram) Rs19.75
Brent crude (per bbl) Rs3,597
Markets (Dec. 19)
BSE Sensex19091.96 (+12.32)
S&P CNX Nifty5751.15 (+8.85)
US Dollar39.62 (+0.04)


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IFCI board calls off 26% stake sale process
Rejects ‘conditional offer’ of Sterlite-Morgan Stanley More

Kingfisher Airlines, Deccan decide to merge
After share swap, UB Holdings will have over 51% in merged entity More

Tata to unveil Rs 1 lakh car at Jan 10 Auto Expo
Commercial launch not before mid-2008 More

People's car: In manual, automatic versions
Pune, Dec. 19 The much-awaited Rs 1-lakh car from Tata Motors will be launched in manual and automatic (continuous variable transmission) versions, and will also be manufactured at its Uttarakhand facility, where a separate assembly line is ... More

Jaguar-Rover: Another New Year gift for Tatas?
Stage appears set for clinching the two auto brands More

Tata Power eyes shipping, logistics
Planning to raise Rs 4,000 cr in domestic and global markets More

Spectrum panel not in favour of subscriber-based allocation
Proposes another committee for evaluating other options More

IRDA to consider RBI’s views on holding cos
Review of restructuring on merit basis, says C.S. Rao More

LIC gets IRDA nod for health product
New Delhi, Dec. 19 Life Insurance Corporation of India has got the Insurance Regulatory and Development Authority’s (IRDA) nod for its health insurance product – LIC Health Plus. The corporation now plans to launch the product in ... More

For a complete brand
The Complete Man gets an extended wardrobe with Raymond Finely Crafted Garments. More

Spices imports drop on rise in unit value
Apr–Oct imports stood at 45,876 t valued at Rs 320.63 cr More

Ministries differ on spectrum auction for mobile TV
TRAI forced to defer its recommendations More

IOC adopts aggressive strategy for overseas projects
Proposes to club exploration, refinery activities while seeking opportunities More

Marico targets kids with new sub-brand under Parachute
Mumbai, Dec. 19 Marico is extending its largest selling hair oil Parachute to the kids segment. After creating Sparsh for babies last year, it has now extended Parachute as a shampoo, cream gel and a non-sticky oil under a new sub brand ... More

Today's Pick: Fedders Lloyd (Rs 132.20)
We recommend a buy in Fedders Lloyd Corporation at current market price. From the daily chart of Fedders Lloyd Corporation, we see that it had been on a medium-term down trend between August and November (from a high of Rs 178 to a low of Rs ... More

Sugar counters turn active
Nifty rollover seen at 29% More

Day trading guide
Despite the positive close on Wednesday, the short-term down trend continues to be intact. Sell the stock if it fails to move above the second resistance.Infosys The stock is moving sideways in a narrow band. ... More

Banking stocks riding low on profit booking
Trade at high multiples seems to have put pressure More

TV18’s print foray may prove profitable
Considerable synergies in distribution, content More

Consumer durables index clocks higher growth
Fuelled by high disposable income More

Excel Crop Care up on real estate buzz
A number of triggers appear to be working in favour of Excel Crop Care for a revaluation. The Rs 5 stock on Wednesday shot up nearly 9 per cent to finish at Rs 151 on the bourses. According to market sources, on top of better revenue ... More

IFCI stock down on bid confusion
Mumbai, Dec. 19 The IFCI stock on Thursday has to face the twin impact of the rejection by the IFCI Board of the Sterlite-led bid for 26 per cent equity stake in it, as well as the trading ban on it in the F&O segment. ... More


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