Business Daily from THE HINDU group of publications
Thursday, May 15, 2008
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Commodities (May 14)
Gold (per gram) Rs1,104
Silver (per gram) Rs25.15
Brent crude (per bbl) Rs5,203
Markets (May 14)
BSE Sensex16978.35 (+225.49)
S&P CNX Nifty5011.75 (+53.95)
US Dollar42.53 (+0.40)


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15.65 lakh demat accounts stay frozen for lack of PAN details
They form 10% of the total number of accounts More

Supplies to sugar mills may be hit as cane area shrinks
Farmers shifting to other remunerative crops More

Lafarge emerges front-runner to acquire L&T’s concrete biz
Deal estimated at Rs 1,200 cr More

Secondary steel makers cut prices by Rs 4,000/tonne
Cos to hold prices for three months More

Baring Private Equity plans $750-m investments in India
Eyeing alternative energy, media companies More

India drops in competitiveness index
Infrastructure scores low; among top 5 in GDP growth, resilience markers More

Moody’s sees slowing of GDP growth to 7.7% this fiscal
Outlook on foreign, local currency govt ratings for India stable More

Global IT services: Top 6 Indian cos’ market share rises to 2.4%
Worldwide services revenue up 10.5% amid US slowdown: Gartner More

Iranian gas pipeline: Facts and fiction
More

The burden of loyalty
Loyalty programmes often stagnate because of poor planning, and the rewards being seen as insufficient, inflexible or insignificant. How are marketers addressing these concerns? More

China quake effect may hit metals’ supply
Copper, aluminium, zinc output likely to be affected More

Mundra Port stock jumps 30% in a month
Adani Power IPO plans influencing Adani group stocks More

Monsoon onset over Kerala by May 29: IMD
More

TODAY'S PICK (Latest Audio: English/Tamil)
Polaris Software Lab (Rs 109.35): Buy
We recommend a buy in Polaris Software Lab from a short-term perspective. It is clearly visible from the charts that the stock has formed a significant trough at Rs 62 in January. This trough has halted the long-term down trend that was in ... More

Day Trading Guide
Negating our prior view, the stock moved up forming a long bullish candle, accompanied with good volume. We change our recommendation to buy. L&TThe stock is pausing at Rs 2,830 levels. Buy the stock in ... More

‘Waves to make sense of financial markets’
Expert bullish on CNX-IT index; bearish on Zinc More

Great Offshore acquisition of Sea Dragon will not be revenue neutral
According to market grapevine, the proposed overseas acquisition of Sea Dragon Offshore, Cayman Islands, by Great Offshore would not be revenue and liability neutral on a consolidated basis. According to sources close to the development, the ... More

Several investigating authorities on trail of IPO scamsters
Mumbai, May 14 The Enforcement Directorate has filed a complaint before the Adjudicating Authority under the Prevention of Money Laundering Act against some of the accused in the IPO scam. These accused entities’ shares have also been ... More

IMPACT
Lloyd Electric buyout to help access Europe
Luvata Czech would enable it to get superior technology More


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