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US, Brazil eat into Indian share of oilmeal exports
Oilmeal exports from India are falling due to higher prices and low quality compared to those from the US, Brazil and Argentina, which are offering better quality of soybean and rapeseed at lower prices. Exports are expected to come down by 15-20 lakh tonnes during 2009-10.

Arunachal assembly elections begin
Elections to 57 seats in the 60-member Arunachal assembly began early this morning amidst tight security.

News of the day

India asks developed nations to change their lifestyle
In a strong message, India today asked the developed countries to modify their ‘unsustainable lifestyles’ to significantly cut down carbon emissions by 2020 and to ensure that developing nations had enough resources to cope with climate change while pursuing accelerated development.
Corporate

Sensex swings zones; DLF slips 4%

The Sensex is swinging between zones owing to alternate bouts of buying and selling. The index is now at 16,878, down 34 points. - New market timings from Jan 4 ">New market timings from Jan 4 - Sensex trades flat; IT index firm - Bhushan Steel up on Sumitomo tie-up - Sensex weak in opening trades - Sensex opens soft - Pre-market: Bias still negative Hindalco and TCS have soared 2% each to Rs 145 and Rs 724, respectively. HUL, Sun Pharma and Wipro have added 1% each at Rs 267, Rs 1,584 and Rs 679, respectively. DLF is the major loser on the Sensex, down 4% at Rs 364. Bharti Airtel has slipped 2% at Rs 318. Reliance Infrastructure and HDFC Bank are down 1% each. The market breadth is positive, out of 2,580 shares traded, 1,670 have advanced and 823 have declined so far on the BSE.


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