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Marico net surges 32% to Rs 62 cr
FMCG major Marico has posted 32 per cent jump in its consolidated net profit for the quarter ending September 30, 2009 at Rs 62.35 crore as compared to Rs 47.12 crore profit it posted in the corresponding quarter last financial year.

'Toothless' MRTP is laid to rest
From September 1, 2009, the Monopolies and Restrictive Trade Practices (MRTP) Act 1969 has been laid to rest, and the Commission will not accept fresh filings. By now all readers are aware of the roadblocks involved, being various court cases, with challenges to the appointment of the chairperson, the status of pending cases and existing employees. Amendments to the Competition Act 2002, and its slow passage in the Houses of Parliament delayed the introduction of an effective anti trust law, a vital element in an open economy which aspires to be a global major.

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Exports sops may continue till global economy turns around
The government today indicated it will continue sops for Indian exporters who have seen a sharp contraction in orders since October last year.
Online Business

Asian markets end in green

Asian markets ended in the green today. The Hang Seng, dropped from its intra-day high to end with a gain of 115 points at 22,412. - Asian markets end firm - Asian markets have a dismal day - Asian markets end firm - Asian markets surge to 17-month high - Asian markets in green; Nikkei jumps - "2010 is going to be a difficult year" The Taiwan Weighted added 50 points to 8,324. The Straits Times was up 10 points at 2,933. The Seoul Composite was flat at 1,694. _______________________________________________ (Updated at 1100 hrs) The Asian markets continue to move in the positive zone. The Hang Seng has added 305 points or 1% at 22,601. The Straits Times added 0.5% at 2,940. The Seoul Composite and the Taiwan Weighted Index were up 0.5% at 1,702 and 8,323, respectively. ______________________________________________ (Updated at 0815hrs) Asian markets are trading in the green this morning. The Hang Seng has gained 285 points (1.2%) to 22,582. The Taiwan Weighted has jumped 48 points to 8,329. The Shanghai Composite and the Straits Times have added 0.4% each to 3,277 and 2,939, respectively. The Seoul Composite is flat at 1,702.


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