QUOTES OF THE DAY

-->"YOU CAN'T PRODUCE A BABY IN ONE MONTH BY GETTING NINE WOMEN PREGNANT."

-->"IT IS NOT IMPORTANT TO FIGURE OUT WHAT THE MARKET WILL DO. IT IS ALWAYS IMPORTANT TO FIGURE OUT WHAT YOU WILL DO" .....RAJASEKHAR IYER

-->"SHORT TERM PLEASURE OF BOOKING PROFITS IS DETRIMENTAL TO CREATION OF WEALTH.".........NAWIN SINHA

Friday, November 24, 2006

Researchers use genetics of wheat to boost its nutrients WASHINGTON -- Scientists have found a genetic way to boost the protein, zinc, and iron content in wheat, an achievement that could help bring more nutritious food to many millions of people worldwide.

ECB MAY HIKE INT RATE......................BE CAUTIOUS

Euro breaks above $1.30 for first time since April 2005...........Bullion follows Up direction

New Delhi, Nov 24 - The Forward Markets Commission [FMC] would look into alleged speculative actions, if any, in maize trading on exchanges in recent days, assured Finance Minister P Chidambaram here. FMC is the regulator for the commodities futures exchanges.
Chidambaram said the Cabinet did discuss existing price trend in commodities in its recent meet, but the issue [misconduct in maize trading] did not come up for special focus. If required, the FMC will conduct an enquiry, he added.
Chidambaram said though sugar and wheat price have come down marginally, but the satisfactory level has yet not arrived. Commenting on the soaring trend in pulses, Chidambaram said dwindling supplies have forced the rise