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US-based Taco Bell to make debut in India
Yum Brands, the operator of Pizza Hut and KFC, today said it will introduce its Mexican-style fast-food restaurant chain "Taco Bell" in the Indian market later this year, besides continuing to make investments to grow its business in the country.

Cong fields candidate against BJP
As BJP grappled with dissidence among its MLAs, opposition Congress today fielded T B Jayachandra as its candidate to contest the post of assembly Speaker to be held tomorrow.

News of the day

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.
Public Relations

Markets sign off in style

The markets ended the last day on a high note. Erasing the previous day"s losses and shrugging off the spike in food inflation, the Sensex gained 120 points to end at 17,464 and the Nifty conquered the 5200 barrier to close at 5208, higher by 39 points. Power, consumer goods and energy stocks powered the indices. - Sensex ends up 134pts - Sensex to enter silver jubilee year - Markets extend gains - Asian markets move up - Sensex near day"s high; NTPC up 3% - Sensex firm in opening trades After shedding 60% in the previous year, the Sensex scripted its most amazing turnarounds ever to add a whopping 80% in the year 2009. Meanwhile, the food inflation rose to 19.83 per cent for the week ended December 19 on the back of a spurt in the prices of potato and pulses. In the second week of December, the food inflation was at 18.65 per cent. Potato prices more than doubled and pulses became costler by over 41 per cent over the last year. Onion rates rose by 40.75 per cent. Prices of vegetables rose by 46.7 per cent while fruits became dearer by 10.35 per cent. Jaiprakash Associates (stronger by Rs 4 or 3.2% at Rs 146), SBI (higher by Rs 44 or 1.9% at Rs 2269) and Bhel (up Rs 44 or 1.8% at Rs 2406) were the leading Sensex gainers on the day. M&M, Tata Power and Reliance were the other prominent achievers. NTPC ended at a 52-week high of Rs 235 on hopes of divestment in the new year. DLF (weakened by Rs 4 or 1.2% to Rs 361), Sun Pharma (shed Rs 11 or 0.7% at Rs 1507) and Maruti (dropped by Rs 10 or 0.6% at Rs 1559) were the major losers. Reliance Infrastructure consolidated its recent gains to end flat. The market breadth was strong. Out of 2965 stocks traded on the BSE, there were 1669 advancing stocks as against 1210 declines. SBI topped the value charts on the BSE with a total turnover of Rs 152.40 crore. This was followed by Tata Steel (Rs 130.85 crore), Reliance (Rs 78.75 crore), L&T (Rs 78.05 crore) and Tata Motors (Rs 65.46 crore). Ispat Industries led the volume charts with trades of 9.28 million. It was followed by Suzlon (6.43 million), IFCI (4.86 million), Unitech (4.58 million) and Praj Industries (2.42 million).


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