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Friday, July 18, 2008
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Economic Indicators (July 18)
GDP9.00%
Inflation11.91% (July 5)
Call money8.80/9.00%
Rupee Ref rate42.78($) 67.90(€)
Markets (July 18 at close)
BSE Sensex13,635.40(+523.55)
S&P CNX Nifty4092.25(+145.05)
US Dollar (Buy/Sell)42.71/72
  


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NEWS UPDATE
Monday to Saturday

Markets
Sensex surges 523 points; Banks up while software down  Updated
Mahesh Soneji joins BSE as Chief Operating Officer
Banking shares rally
Forex Rates
Call money at 8.80-9.00 per cent
Rupee closes lower

Corporate
Punj Lloyd bags Rs 462 cr order from Spanish firm
Ranbaxy alleges MNC trying to derail its Japanese deal
Board meetings today
Board meetings tomorrow

Book Closures/Dividends
JD Orgochem fixes RD for capital reduction
RPG Life fixes book closure for dividend
Ferro Alloys board to consider results, dividend

Corporate Results
Apollo Tyres Q1 net up 7%
Cipla Q1 net up 17% at Rs 140.04 cr
Gujarat NRE Coke Q1 net up two-fold; announces 2-for-5 bonus
Ultratech Cement Q1 net down at Rs 265 cr
GE Shipping net down 8%
GTL Infra posts loss in Q1
Shipping Corporation Q1 results on July 26

Industry
Fitch's downgrade not a cause of worry: FM
PE investments in listed firms suffer loss of $850 m

Commodities
Gur surges on short supply, higher demand
Menthol prices up on poor arrivals
FMC ask Indiabulls to reduce stake in commodity exchange
Crude moves higher
Turmeric futures weak on profit-taking
Chilli futures down on profit-taking
ATF futures down 3.63%
Cardamom futures down

Logistics
Airline passengers at risk as pilots ignore defects: report

Global News / Markets
Nepal to choose first president tomorrow
Microsoft 4th quarter profit soars 42 per cent
US markets up on softer oil

General
Foreign Secretary Menon meets IAEA chief
Govt sets norms for sale of gas from Reliance, GSPC fields
India objects to US influence on proposals for WTO meet
Jamir to be sworn in as Maharashtra Governor
CREMA ties up with William Harvey for training, exchange programme
India to host International conference on nuclear safety
India calls for fresh approach to tackle global warming
Growth in off-shoring may put pressure on wages, costs: WTO

Politics
JD(S) to oppose trust vote: Veerendrakumar
JMM will vote for govt
PM speaks to Gowda; seeks JD-S support
Govt will win confidence vote: FM
Speaker left out of CPI(M) whip

Info-Tech
Wipro Q1 net up at Rs 907.80 cr  Updated
Frame long-term policies, auction spectrum: Arun Sarin
IBM launches Project Big Green 2.0 in India
Satyam Q1 net up 45% at Rs 547.7 cr
Tata Communications Q1 results on July 28

Banking & Finance
Reliance Life launches education initiative
Exim Bank to raise Rs 17,000 cr
Allahabad Bank Q1 net down 53%
IDFC net up 20% at Rs 216.71 cr
Bank of India to raise Rs 7,360 cr from bonds
SBI Q1 results on July 26
Vijaya Bank Q1 results on July 26
Andhra Bank Q1 results on July 25

Variety
Palani temple prasadam goes high-tech

Marketing
Eros in distribution, marketing pact with Hungama Mobile

Govt/States
TN announces compulsory power cut from July 21
Punjab receives 17 mega project proposals of 5,906 cr
Sikkim scraps 11 hydel projects

Legal
HC restrains illegal cable operators from showing Ten Sports


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