Business Daily from THE HINDU group of publications
Wednesday, May 14, 2008
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Commodities (May 13)
Gold (per gram) Rs1,115
Silver (per gram) Rs25.65
Brent crude (per bbl) Rs5,090
Markets (May 13)
BSE Sensex16752.86 (-108.04)
S&P CNX Nifty4957.80 (-54.85)
US Dollar42.13 (+0.04)


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Pharma cos with R&D focus may get leeway in pricing
Gold Standard certification plan awaits Law Ministry nod More

Investors can keep IPO money till allotment
Mumbai, May 13 Investors no longer have to wait for weeks for refund of their IPO application money.The application money earmarked for an IPO will now remain in the applicant’s bank account till the allotment is finalised, thus ... More

States wheel in ‘green power’ into their energy portfolio
12 States firm up renewable purchase obligation More

J. Harinarayana set to head IRDA
Hyderabad, May 13 For the second time in a row, a career-bureaucrat from Andhra Pradesh is set to bag the post of the Insurance Regulator of the country. With the incumbent Mr C.S. Rao’s tenure ending on Wednesday, in all ... More

Deora seeks more oil bonds to cover firms’ losses
Finance Ministry may agree for covering 50% of Rs 70,579 cr More

Tea exports rebound on shortfall in Kenyan crop
Chennai, May 13 Tea exports rebounded in March by 20 per cent, on demand from Pakistan and Egypt, but production declined nearly 5 per cent, mainly on fall in harvest in North India.According to Tea Board data, exports during March were ... More

Govt must work out innovative strategies to divest in sick PSUs
More

Rupee near technical support
Rupee continued its steep decline against the dollar spurred by the relentless strength in crude prices, that have now scaled $126. Industrial production expanding at the slowest pace in six years only exacerbated the negative sentiment in ... More

Fall in Govt’s RBI borrowing: An accounting illusion
In an incisive piece in the Business Line on May 12, the former RBI Governor, Mr S. Venkitaramanan, refers to ‘Macroeconomic and Monetary Developments in 2007-8’ (released ahead of the Annual Credit Policy), ... More

Rupee depreciation offers breather to IT companies
One-time hedging losses for some companies likely More

Bharti Airtel forays into managed data services
To partner global players for offering enterprise communication solutions More

TODAY'S PICK (Latest Audio: English/Tamil)
IndusInd Bank (Rs 85.25): Sell
We recommend a sell in IndusInd Bank from a short-term perspective. It is evident from the charts that the stock was on a medium-term uptrend between late March 2008 and early May 2008, from its a low of Rs 68 to an high of Rs 105. After ... More

Day Trading Guide
Fresh short-position can be initiated only if the stock declines below Rs 872, with tight stop loss.Infosys The stock has formed a bearish engulfing candlestick pattern in the last trading session, indicating ... More

Open offer hopes lift MphasiS
EDS holds majority stake in Bangalore co More

Aluminium stocks up on firm LME price
Prices have been moving up since May 11 More

Merck deal: Fruits for Ranbaxy R&D arm
Lends revenue-visibility to the latter More

Cement stocks wilt under Government pressure
Already squeezed profit margins to face futher pressure More

‘Low’ springs up over N. Andaman Sea
Thiruvananthapuram, May 13 The India Meteorological Department (IMD) has announced that a low-pressure area has sprung up over North Andaman Sea in the larger Bay of Bengal basin late on Tuesday evening. An earlier bulletin had said ... More


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