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Religare Enterprises Q3 net dips 52% to Rs 21 cr
Financial services provider Religare Enterprises today said its consolidated net profit declined by 51.80 per cent to Rs 21.4 crore for the third quarter ended December 31, 2009, over the same period last year.

As recession eases, US firms sniff opportunities in India
With the Indian economy showing signs of leaving the recession behind, companies from the US are once again making a beeline to the India shores scouting for opportunities. Companies from varied sectors are looking to test the waters with an investment in mind at a later stage. “Last year, things were rocky and very few trade delegations came to India. However in the last one and half months, things have turned around,”said Sandeep Mehra, committee member, Indo American Chamber of Commerce (IACC), Karnataka branch.

News of the day

'Govt taking steps to avoid delay in issuance of passports'
The government today admitted that there is a delay in issuing passports in a few passport offices and assured that remedial measures are being taken to avoid the delays.
Business Ideas

Weakness persists

The markets continue to trade weak. The Sensex is quoting at 16,435, weaker by 345 points, and the Nifty is at 4,893, down 114 points. Realty, metal, auto and banking sectors are weak; the FMCG space is the only silver lining. - Markets extend losses - Sensex off day"s low - Asian markets mixed; Nikkei drops in red - Sensex in red in early trades - US markets end flat - "Tightening worries are a bit overblown" M&M has slumped 6% to Rs 1,008, Tata Steel has weakened by 5.5% to Rs 576 and DLF has shed 4.8% at Rs 327. Tata Motors, SBI and Hindalco are the other significant losers. And index heavyweight, Reliance has lost 1.2% at Rs 1028. On the other hand, ITC has strengthened by 1.1% at Rs 257 and Tata Power is trading marginally higher at Rs 1322. The BSE market breadth is weak. Out of 2,814 stocks traded on the BSE, there are 2261 declines as against 513 advances.


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