Business Daily from THE HINDU group of publications
Friday, May 16, 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 15)
BSE Sensex17353.34 (+375.19)
S&P CNX Nifty5115.25 (+103.50)
US Dollar42.77 (+0.24)


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BASF raising its stake in Indian subsidiary to 75%
Plans to make open offer for 22.31% stake at Rs 274/share More

Sensex gains 375 points on positive news on economy
Mumbai, May 15 Stocks gained on Thursday on positive reports on the Indian economy by global ratings firm Moody’s and the positive outlook for some sectors that stand to gain from a depreciating rupee.Indications of monsoon ... More

Post-L&T Concrete buy, Lafarge grabs 25% market share
Acquisition to be funded by 50:50 debt-equity ratio More

More clarity needed on service tax on forex deals, say banks
IBA seeks time till August 1 More

Steel, cement drive infrastructure growth to 9.6% in March
Investment activities up on higher consumption of core sector products More

Does not a doubling of oil prices need a fitting response?
If the pace of petroleum consumption growth in 2007-08 is sustained in the current year, its impact on the economy will not be inconsequential. There are reforms outside the petroleum sector that can take the pressure off petroleum use, says K. VENUG OPAL. More

Govt sees cement prices stabilising at Rs 200 a bag
Assures manufacturers of abatement of excise duties & coal linkages More

Finance Ministry rejects NTPC follow-on public offer proposal
Company had plans to raise Rs 6,000 crore More

SC asks UP mills to pay Rs 110/qtl for cane in 3 weeks
Order to hit Bajaj Hindusthan, UK Modi, Mawana Sugars hard More

Nokia’s key suppliers to start operations near Chennai soon
‘Telecom park will have twice the number of workforce by next year’ More

Futures ban will have cascading impact: NMCE
Suspension leads to breach of contracts; volumes expected to dip More

FII outflows – turn in tide?
Internal concerns deter investors More

TODAY'S PICK (Latest Audio: English/Tamil)
Maruti Suzuki India (Rs 822.70): Buy
We recommend a buy in Maruti Suzuki India from a short-term perspective. From the charts of the stock it is clearly evident that it was on a long-term downtrend from its October 2007 high of Rs 1,252, forming lower peaks and lower troughs till ... More

Day Trading Guide
In line with our expectation, the stock moved up in the last trading session, accompanied with good volume. We retain our buy recommendation. L&TThe stock has surged accompanied with good volume in the last ... More

PE funds shy away from real estate sector
30% of deals stuck over valuation concerns More

SC ruling on cane price lifts sugar stocks
Expectation of firm sugar price also bodes well More

IMPACT
Blue Star sees record growth in FY-08
Commonwealth Games to provide huge opportunity More

Cyclone alert off as ‘low’ becomes marked
Thiruvananthapuram, May 15 The US Navy’s Joint Typhoon Warning Centre (JTWC) has invalidated Wednesday’s cyclone formation alert issued for the Bay of Bengal basin, even as the causative ‘low’ became well marked on ... More


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