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Sensex falls 344 pts on global cues
Derivatives expiry, higher food inflation and lower earnings also weigh on indices.

Eveready PAT at Rs 11.03crore
Eveready Industries India has recorded a profit after tax of Rs 11.03 crore in the third quarter ended December 31, 2009, an increase of 31 per cent over the same period last year on the back of higher sales. Net sales for the quarter stood at Rs 245.96 crore, an increase of 15 per cent. Prices of zinc, a key input material, was higher during the quarter compared to the same period last year, but was compensated by the appreciating rupee during the quarter. Battery and flashlights turnover registered a growth of seven per cent and 24 per cent during the current quarter. An overseas company, Everspark Hong Kong Private Limited has been incorporated by the company for commercial benefits on the company’s sourcing of input materials and goods from China.

News of the day

Jubilant inks JV with UAB, Southern Research Institute
Pharma firm Jubilant Organosys today said it has joined hands with the University of Alabama at Birmingham and Southern Research Institute to benefit from their collective innovation and enabling technologies.
Management

Essar Oil gains on retail revamp move

Essar oil gave up some of its gains and finally settled at Rs 140, up around 2% from the previous close. The counter witnessed heavy trades of 658,518 million shares as compared to 248,533 million shares. _________________________________________________ 55 countries pledge mitigation targets to UN BSNL employees seek PM"s help; demand change in mngt Siemens to invest Rs 1600 cr in India The stock opened at Rs 139 and surged to a high of Rs 142 - up 4% from the previous close. It is now up 3% at Rs 141. Around 582,722 shares have been traded on the BSE so far. The company has enhanced facilities through tie-ups at 1,250 outlets. It has already tied up with Tata group firm Rallis, National Seeds Corporation and Amul for strengthening the added facilities at rural outlets. : Essar Oil revamping its retail fuel outlets


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