Business Daily from THE HINDU group of publications
Friday, April 11, 2008
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Commodities (April 10)
Gold (per gram) Rs1,118
Silver (per gram) Rs25.85
Brent crude (per bbl) Rs4,257
Markets (April 10)
BSE Sensex15695.10 (-95.41)
S&P CNX Nifty4733 (-14.05)
US Dollar40.00 (-0.05)


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OBC quota law held valid
Exclude creamy layer, review list after 5 years, rules Supreme Court More

IIMs may have to rework selection process
Bangalore, April 10 The Supreme Court judgment upholding 27 per cent reservation for OBCs in central institutes of higher learning could reverse the entire student selection process at the six Indian Institutes of Management, perhaps even ... More

Export duty on iron ore may be hiked
New Delhi, April 10 In order to moderate iron ore prices and thereby control steel prices and curb inflation, the Government is toying with the idea of revising the iron ore export duty structure and bring in a mix of fixed and ad-valorem ... More

Ball in Orchid’s court
Ranbaxy seems interested; institutions weighing options More

Blind controls to check inflation will hurt: PM
Even while expressing concern over rising commodity and food prices, the Prime Minister, Dr. Manmohan Singh indicated it would be undesirable to react to such a situation by “returning to an era of blind controls”. Admitting ... More

Gold prices may scale new high in early 2009
New Delhi, April 10 The ongoing secular bull market for gold would sustain itself for at least three more years and the yellow metal would probably make a new high as one enters 2009, according to Mr Joseph M Foster, Portfolio Manager, Van ... More

‘Futures trading being made scapegoat for price rise in commodities’
Mumbai, April 10 Mr B.C. Khatua, Chairman, Forward Markets Commission, has said “futures trading has become a newfound scapegoat for price rise in commodities.” Reacting to the manufacturers demand for a ban on steel futures ... More

Auto industry sees decline in growth after 7 years
High interest rates, financing woes keep customers away More

Cement firms add 17 mt capacity in fiscal 2008
Land hurdles, costlier raw material slow down expansion More

Indian importers default on palm oil contracts
Trying to get out of their obligation on fall in international prices More

PSU banks opting for longer term securities
Low credit offtake seen as the driving factor More

Household segment pushes PC sales up 26% in Q3
Notebook sales cross five lakh units More

Wage revision eats into NTPC’s net profit
2007-08 profit up 4% at Rs 7,129 cr; to double coal imports to 5 mt More

TODAY'S PICK (Latest Audio: English | Tamil)
United Phosphorus (Rs 288.90): Sell
We recommend a sell in United Phosphorus from a short-term perspective. From the charts of United Phosphorus, we note that the stock has been on a medium-term term down-trend from its January high of Rs 425. However, following a corrective ... More

Day Trading Guide
The stock is currently pausing around Rs 800 levels. Avoid trading in this counter.Infosys The stock is experiencing selling pressure at higher levels. Sell the stock in rallies with stop loss at Rs ... More

IMPACT
Smaller construction cos may be worst hit
Infrastructure cos protected by escalation clauses More

Companies with captive iron ore mines defy Sensex
‘To benefit from increased price realisation’ More

Bankex shares drift lower in the last hour of trade
Analysts say speculation may be driving volatility More

Valley of tulips
A million tulips have bloomed in the Kashmir Valley, sending both the locals and visitors into raptures. More


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