Business Daily from THE HINDU group of publications
Friday, February 08, 2008
ePaper | Mobile/PDA Version
Commodities (Feb 06)
Gold (per gram) Rs1,061
Silver (per gram) Rs23.25
Brent crude (per bbl) Rs3,505
Markets (Feb. 7)
BSE Sensex17526.93 (-612.56)
S&P CNX Nifty5133.25 (-189.30)
US Dollar39.55 (-0.11)


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Wockhardt Hospitals pulls out IPO; refund in 15 days
Poor response triggered by volatility and weak market sentiment More

Sensex tanks 612 pts to reach sub-18,000 levels
US recession fears continue to worry markets More

Investment part of health cover premium not tax exempt: IRDA
Mumbai, Feb. 7 Is the premium paid on the new unit-linked health insurance policies fully exempt from income tax? LIC, the first one to launch the scheme last week, claims that the entire premium to the scheme is eligible for tax ... More

GDP growth for 2007-08 estimated at 8.7%
CSO survey fails to enthuse markets More

Chidambaram confident of better GDP growth rate
‘CSO estimate of 8.7% for 2007-08 conservative’ More

Ministry pegs foodgrain output at record 219.32 mt
Cotton, maize, soyabean set for higher growth More

PSU insurers may report underwriting profits
Motor insurance pool helps stem losses; lower transfers to reserves More

Remote infrastructure management is next wave
$13-15 b revenue by 2013, 3.75 lakh jobs: Nasscom More

IT majors earning more from fixed price contracts
‘Indication of growing expertise in project management’ More

Cement cos fail to sustain gains on profit taking
Hopes of price rise did not materialise More

Bad day for stock futures
Turnover continued to be on the lower side in the F&O segment. The total derivatives turnover went down to Rs 40,900 crore from the previous day’s Rs 42,200 crore. The discount of Nifty February future widened further to 33.25 points ... More

TODAY'S PICK
Everest Kanto Cylinder (320.35): Buy
We recommend a buy in Everest Kanto Cylinder from a short-term perspective. It is evident for the charts of Everest Kanto Cylinder that it has been on steady and gradual long-term uptrend since July 2005 low of Rs 54. Recently, the stock resumed ... More

Dowdward pressure
More

Day trading guide
The stock’s downtrend is likely to prolong. We maintain our sell recommendation in this counter.Infosys The stock has resumed the long-term downtrend by declining consecutively in the past three trading ... More

Strong show by infrastructure cos
Interest costs moderate, but tax incidence trims profit growth More

Wockhardt Hospitals: First IPO casualty since July 2006
Offer fails to garner enough subscriptions More

Rural Electrification Corp IPO to raise up to Rs 1,640 cr
Issue from Feb 19-22; price band at Rs 90-105 More


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