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Popular Articles

Govt to push Bill for setting up green body in current session
The government will try to pass the National Green Tribunal Bill, 2009, in the current Parliament session. The Bill aims at establishing an autonomous tribunal, independent of the Ministry of Environment and Forests (MoEF), for environmental clearance of development projects and providing relief and compensation to people affected by natural calamities.

Cracking the iron
China vs. Iron ore oligopoly: China could fracture the world’s iron ore oligopoly. Three miners – Vale, BHP Billiton and Rio Tinto – control two thirds of international trade. The big producers are consolidating, most notably with a joint production venture between BHP and Rio. China, the world’s largest customer, would like to keep its costs down and its supply assured.

News of the day

Indian eco may grow at 7% in FY09-10: PMEAC
On the back of robust economic growth at about 8 per cent in the second quarter of the fiscal, the Prime Minister"s economic panel today said the economy is likely to grow by 7 per cent in the current fiscal.
Small Business

Britannia slips on fall in net

Britannia ended at Rs 1578, lower by Rs 22 or 1.4%, on the BSE. - Markets shrug off CRR hike, end in green - Bonus issue fails to boost IVRCL Infra - Markets end firm - Sensex rebounds into positive - Markets recover partially - Markets slip, but recover soon post CRR hike The stock had opened at Rs 1566, and touched a high of Rs 1578 and a low of Rs 1525 during the day. The counter saw trades of 1871 shares as against the two-week average of 1608 shares. --------------------------------------------------------------------------------------------(Updated at 1003am) Britannia has slipped on the back of 37% drop in net profit for Q3FY10. The stock opened at Rs 1,566 and is now trading at Rs 1,575, down 1.5% from its previous close. The counter has clocked volumes of 296 shares on the BSE. The company declared a 36.95% decline in net profit to Rs 20.10 crore for the third quarter ended December 31, 2009 as compared to Rs 46.15 crore for the same quarter last year. Net sales increased to Rs 881.39 crore for the quarter under review from Rs 818.28 crore for the same period previous fiscal.


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