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White paper on Rly's financial health likely on Dec 21
Amid increasing concern over financial health and rising operating cost, Railway Minister Mamata Banerjee is expected to table a white paper on the actual condition of the PSU on December 21, the last day of the winter session of Parliament.

Shipping: All hands on deck
The upswing in Baltic Dry Index numbers recently to a 14 month high closing at 4661 on 19 November 09, raised hopes that a revival for the shipping sector is afoot sending shipping stocks zooming. Freight and tanker rates dropped sharply in July - September 09 quarter, but gained strength in October 09 which has sustained through November 09 as well. They hit 10 year lows in the December 08.

News of the day

Nokia to cut 220 R&D jobs in Japan
Nokia, the world"s biggest mobile phone maker, said today it would cut around 220 jobs in Japan as part of its plans to streamline its vast research and development operations.
Online Business

Glenmark recovers partial losses

The stock recovered some of its losses to finally end at Rs 258, down over 2% from the previous close. Around 691,753 shares were traded on the BSE as compared to the two-week daily average traded volumes of 698,158 shares on the BSE. ____________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The stock today opened at Rs 263. It touched a high of Rs 267 but started slipping thereafter. It plunged 6% to a low of Rs 246 and is now at Rs 251 - down 5%. Around 111,054 shares have been traded on the BSE so far. Glenmark Pharmaceuticals recorded a net profit of Rs 53.45 crore for the first quarter, a sharp drop of 53 per cent as compared with Rs 115.37 crore during the corresponding period the previous year. The consolidated revenue, however, increased 18% to Rs 543.69 crore.


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