Business Daily from THE HINDU group of publications
Wednesday, April 23, 2008
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Commodities (April 22)
Gold (per gram) Rs1,105
Silver (per gram) Rs24.85
Brent crude (per bbl) Rs4,567
Markets (April 22)
BSE Sensex16783.87 (+44.54)
S&P CNX Nifty5049.30 (+12.30)
US Dollar39.98 (+0.03)


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Orchid enters into strategic alliance with Ranbaxy
Joint manufacture, marketing of drugs across geographies More

Ranbaxy first quarter net rises 7.2% at Rs 153 cr
Close to concluding a strategic alliance in the area of drug discovery More

Accenture plans to hire 13,000 more here
‘India a strategic market both for access to talent and business opportunities’ More

Futures trading not main cause for inflation, says Montek
New Delhi, April 22 Commodity futures trading is not the main cause for price rise and inflation in the economy, according to the Deputy Chairman of the Planning Commission, Mr Montek Singh Ahluwalia. “I don’t support the ... More

UltraTech Q4 net moves up 22%
Mumbai, April 22 Despite rising input and freight cost, Aditya Birla Group company Ultratech Cement has posted 22 per cent rise in net profit at Rs 283 crore for the quarter ended March 31, 2008, against Rs 232 crore logged in the ... More

How good are we in English?
COMMUNICATING BETTER More

Futures trading — Why the panel may be flummoxed
At the end of the discussion on the price situation in the Rajya Sabha on April 17, as the Minister for Agriculture, Mr Sharad Pawar, came to the end of his reply, a question was raised from the Left benches about the Government’s ... More

Crisil scales down GDP growth forecast to 8.1%
Fallout of rising inflation, worsening global outlook More

Discretionary IT spend may see ‘significant’ cuts
Uncertainty to persist for a couple of quarters: TCS More

Biocon Q4 net up 7.6% on biopharma, contract research
1:1 bonus issue declared; separate cardiology unit formed More

Resilience in rupee
The Reserve Bank of India has made its first move, with negligible impact on the rupee. The sudden hike in the cash reserve ratio by 50 basis points did take the currency to Rs 39.78 against the dollar on Monday but dollar buying by oil ... More

DoT tightens norms for M&A deals
Combined market share capped at 40% More

Dell expands TN facility to produce more products
Launches entry-level laptop for SMEs, educational institutions More

UltraTech nos boost cement stocks
Long-term outlook for the sector still remains uncertain More

Foodgrains output likely to touch record high
Wheat production pegged at fresh peak of 76.78 m tonnes More

TODAY'S PICK (Latest Audio: English/Tamil)
Torrent Power (Rs 127.45): Buy
We recommend a buy in Torrent Power from a short-term perspective. We observe that the stock’s medium-term downtrend, that began from its January 2008 high of Rs 269, got arrested at around Rs 93 in late March. The stock had almost lost 65 ... More

Day Trading Guide
In line with our expectation, the stock moved up in the last trading session. We retain our buy recommendation.Infosys Sell the stock in rallies with tight stop-loss of Rs 1,645.More

New IPO application forms to avoid manual intervention
No proposal from CBDT on capital gains tax for FIIs: Govt More

Increase production capacity of steel: PM
SAIL Bokaro plant expansion flagged off More

TCS sees biggest one-day fall since its listing
Impacts other IT stocks too More

IMPACT
Ranbaxy goes for ‘alliance’ with Orchid
Clarity over profit-sharing needed More

Heat wave builds as cyclones brew far away
Bangkok, April 22 Oppressive heat wave conditions manifested themselves across the Indian landmass even as two tropical cyclones reared their heads from within the fertile Inter Tropical Convergence Zone (ITCZ) straddling the equator. ... More


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