Business Daily from THE HINDU group of publications
Friday, February 29, 2008
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Commodities (Feb 28)
Gold (per gram) Rs1,135
Silver (per gram) Rs27.10
Brent crude (per bbl) Rs3,909
Markets (Feb. 28)
BSE Sensex17824.48 (-1.51)
S&P CNX Nifty5285.10 (+16.70)
US Dollar39.91 (+0.07)


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Economy has moved decisively to higher growth phase
Maintaining 9% GDP growth ‘will be a challenge’, says Economic Survey More

Outlook for 2008-09: Optimism, but with caution as the watchword, says Chidambaram
In a clear pointer that the 2008-09 Union Budget would be growth-oriented, the Finance Minister, Mr P. Chidambaram, on Thursday asserted that the Government would continue to provide a conducive investment climate and manage the macro-economy ... More

Sensex follows Budget-eve trend, closes flat; Survey fails to enthuse
The benchmark indices closed flat on Thursday, the eve of the Union Budget. The market appears to be not too impressed by the economic report card presented in Parliament, which said that achieving 9 per cent growth would be challenging. ... More

Telecom tribunal asks DoT to issue licences based on application date
DoT issues licences to Idea, Videocon, Swan, Unitech More

Export outlook not bright, says Survey
New Delhi, Feb. 28 The outlook for exports in 2008-09 could be duller than that of the past few years, predicts the Economic Survey 2007-08. Lower projections in world gross domestic product (GDP) and world imports and exchange rate ... More

Excise duty on sugar raised by Rs 9 a quintal
Levy to help beef up development fund; consumers seen unaffected More

Nitin Paranjpe new Hind Unilever CEO
Changes effected at the top level More

Ceat plans Rs 500-cr radial tyre facility
Project to include pilot plant for truck-bus radials More

Survey favours liberalising FDI in insurance, retail
100% FDI in pvt rural agricultural banks urged More

Software product innovation picks up
36 entries this year; TCS solution for NREGS gets Hysea award More

‘Offshoring set to slow down’
Recession to impact IT spends, says Hackett group More

Plough-back time
The banana farmers of Jalgaon want more “permanent solutions” from the Finance Minister rather than just loan waivers More

Caution is the word on 100% FDI in agri banks
Restrict them to unbanked areas; beware corporate farming: Experts More

Trading volumes down by 36% since Jan
High volatility keeping investors wary More

Survey advises retail investors to take informed decisions
Painting an optimistic picture on expected expansion of activity in the capital market, the Economic Survey has said that the strong fundamentals of the economy combined with higher growth would help sustain the interest of domestic and ... More

Muted pre-Budget sentiment positive
Trader, investor disinterest may reduce B-day volatility More

Power stocks fail to take cues from the Survey
Shares end flat; Await specific direction from Budget More

Firm global prices lift aluminium stocks
Exports from India expected to rise with a fall in output from China More


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