Business Daily from THE HINDU group of publications
Thursday, December 13, 2007
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Commodities (Dec 12)
Gold (per gram) Rs952
Silver (per gram) Rs20.50
Brent crude (per bbl) Rs3,469
Markets (Dec. 12)
BSE Sensex20375.87 (+84.98)
S&P; CNX Nifty6159.30 (+62.05)
US Dollar39.41 (+0.03)


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PM wants transparency in spectrum allocation
Auction not possible for 2G due to legal barriers: Raja More

Govt to begin spectrum allocation to new players
TDSAT clears way with GSM operators dissociating themselves from panel More

SBI cuts rates on short-term deposits
Mumbai, Dec. 12 In a bid to cut cost of funds, State Bank of India, the country’s largest bank, on Wednesday reduced interest rates on domestic term deposits of less than one year by 0.25 percentage point.However, the bank has ... More

Reliance Capital MF sheds 5% stake to Eton Park for Rs 501 cr
Mumbai, Dec. 12 Reliance Capital Ltd today announced that Eton Park, a global investment fund, has agreed to pick up five per cent equity stake in its 100-per cent subsidiary, Reliance Capital Asset Management Ltd, for Rs 501 crore. The ... More

ONGC Videsh hopes to pick up stake in Iran’s Yadavaran field
China’s Sinopec signs deal for development of field More

‘No frills’ lets them in; but real gains yet to flow
FINANCIAL INCLUSION More

Vikram Pandit: Going places not new to him
Mumbai, Dec. 12 Mr Vikram Pandit, as Citigroup’s new CEO, is sure going places. But that is not something new to him. His father’s transferable job with Sarabhai Chemicals meant he was doing that. “Every three years he ... More

Manufacturing drives IIP up 11.8% in Oct
Mining, electricity laggards; consumer goods fare better More

Global airlines may report lower profits in 2008
The global airline industry is likely to record a profit of $5 billion during 2008, down from the earlier estimate of $7.8 billion, the International Air Transport Association (IATA) said on Wednesday. IATA has, however, not changed the ... More

The fizz is back
Soft drinks major Coca-Cola India undertakes an image makeover and an overhaul of its business. More

‘Small retailers will benefit from our supply chain model’
Metro Cash & Carry India’s MD Martin Dlouhy attempts to set the record straight. More

How pooling can unlock value for telcos
The coming together of Bharti Infratel, Vodafone and Idea Cellular to form an independent tower company called Indus Towers, is a logical way forward for passive infrastructure sharing by cellular operators, in a scenario of falling ... More

SpiceJet plans joint venture with UK-based online retailer
To foray into merchandising on board by early next year More

Index heavyweights are fund managers’ favourites
Several funds increase exposure to Reliance Industries More

Fed rate impact on stocks not on expected lines
Markets factor in rate changes early More

Today's Pick: Avaya Global Connect (Rs 296.90)
We recommend a buy in Avaya Global Connect at current market price. It is clearly visible from the charts that the stock had been on a downtrend between early June and late November (from an high of Rs 414 to a low of Rs 233). The stock reversed ... More

Day Trading Guide
The stock is pausing at higher levels. Desist trading in the stock for the day.InfosysWe recommend a sell.L&TThe stock is still moving sideways in the range of Rs 4,200 and Rs 4,400. Stay away from ... More

IMPACT
Stake sale in Reliance Cap arm seen positive
Valuations of cos with MF arm may go up More

TV18-Infomedia deal: Co unlikely to revise offer price
Will help it to leverage content across medium More

SAT vacates stay on Essar Steel delisting notice
Shares to be delisted on December 24 More

Story of change: Philanthropist sends cheque to farmer
Bidar , Dec. 12 Life for Bheemrao Manigempure and his family hardly changed after the soul-stirring picture of the 75-year old with his son and daughter-in-law yoked to a plough appeared in the columns of this paper in July 2006. That ... More


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