Business Daily from THE HINDU group of publications
Thursday, February 21, 2008
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Commodities (Feb 20)
Gold (per gram) Rs1,105
Silver (per gram) Rs25.00
Brent crude (per bbl) Rs3,932
Markets (Feb. 20)
BSE Sensex17617.60 (-458.06)
S&P CNX Nifty5154.45 (-126.35)
US Dollar40.18 (+0.24)


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Dhoni emerges ‘man of the match’ at IPL auction
Nine rounds of fierce bidding; about 80 cricketers put under hammer More

Stocks tumble as oil touches $100 again
Rupee breaches 40; gold rises to Rs 12,000; Sensex sheds 458 points More

Funds get cheaper; SBI drops rates again
Sluggish credit offtake prompts PLR cuts by PSB majors; deposit rates unchanged as of now More

Mumbai sea link: Anil Ambani consortium bags project
Mumbai, Feb. 20 The Mumbai Trans Harbour Link, that aims to promises to cut travel time between Mumbai and Navi Mumbai on the mainland by more than an hour and a half, has finally cleared a major hurdle. A consortium led by the Anil Dhirubhai ... More

Public sector banks raise bulk deposits at 9% plus
Tightening liquidity, deceleration in FII inflows More

Europe acquisitions buoy Wockhardt’s performance
Net profit rises 22% in the fourth quarter More

HCL Tech buys US-based CapitalStream for $40 m
All-cash deal to help company to enhance role in financial services More

FMCGs: In good shape, but seek relief from margin pressures
The tweaking of customs or excise duty rates on specific FMCG products in the Budget may no longer materially influence the earnings or growth rates of FMCG companies. Most FMCG products have moved to a uniform rate of excise duty after ... More

41% rise in net direct tax collections
New Delhi, Feb. 20 The Centre’s direct tax revenues continued to be buoyant, with collections during the period April 1, 2007 to February 15, 2008 recording 41.4 per cent increase to Rs 2,28,745 crore. This collection level constituted ... More

FLAG, Yipes come under Reliance Globalcom
Mumbai, Feb. 20 The Anil Ambani-controlled Reliance Communications has consolidated its overseas telecommunications operations into a new business unit, whose shares will be listed in the near future. Christened “Reliance ... More

Maruti Suzuki, Mundra Port ink pact for mega car terminal
Rs 100-cr initial investment; port plans cost-effective RORO terminal More

Norm for using domestic vegoils in vanaspati off
Rising cooking oil prices, elections prompt the move More

‘IPL is an idea whose time has come’
BrandLine chats with Balu Nayar, Managing Director, IMG. More

Rlys’ congestion surcharge on iron ore traffic creates problems
Kolkata, Feb. 20 The Railway Board is concerned that the imposition of congestion surcharge on iron ore traffic has thrown up various problems, according to informed sources. The concern is more because a private sector steel plant is ... More

TODAY'S PICK (Latest Today's pick audio)
ABG Shipyard (Rs 756.45): Buy
We recommend a buy in ABG Shipyard from a short-term perspective. From the charts of ABG Shipyard, we see that the stock had formed a double top pattern spanning almost two months between November 2007 and January 2008 with baseline at Rs 870. On ... More

Day Trading Guide
The stock has formed an evening doji star candlestick pattern, indicating short-term bearishness. We recommend a sell in this counter. Infosys The stock continues to move in a sideways direction. We maintain ... More

FT Capital Protection Fund movement puzzles marketmen
Price rules way above its intrinsic worth More

Allcargo stake sale to help expansion
Convertible route reduces debt burden More

Brokerages wish for no extra burden on investors
‘Hike in STT would be a negative surprise’ More

Smart investors turn to Gold ETFs
Even as the market was witnessing a sharp downfall, few smart investors were found shoring up their investments by buying into Gold Exchange Traded Funds (G-ETFs). Currently four G-ETFs – Gold BeES (from Benchmark Mutual Fund), UTI ... More


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