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Political hardsell shortage
Is the Doha Development Round (DDR) dead, as the anti-globalisation activists claim? Not yet, said trade ministers of the 153 member-countries of the Word Trade Organisation at the seventh Ministerial Conference at Geneva last week. They ended the Conference with a general agreement to recommence the stalled negotiations of the DDR and take it to conclusion by the end of next year. Even such broad agreement was in sharp contrast to the acrimony and bitterness that characterised the earlier failed trade talks at Cancun and Hong Kong.

Fresh weakness likely below 17,055
Rex Cano / Mumbai December 09, 2009, 9:22 IST

News of the day

Opto to invest Rs 200 cr for units in Vizag, Malaysia
The Bangalore-based Opto Circuits India which manufactures and markets medical devices, is looking at a capex of around Rs 200 crore in the next one and half years for setting up manufacturing units in Vizag and Malaysia.
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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