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Bye bye, brand name
Self-deprecating humour isn’t something one sees too much of in this country (where making fun of others is held a nobler pursuit than laughing at one’s own foibles), so I’m always pleased to read Saad Akhtar’s webcomic Fly, You Fools! (People are Mindless Cattle), a good-natured, witty take on some of the things we read about in the newspapers every day. It isn’t brilliantly written or drawn (in fact, it mostly uses photos and mixed media rather than fresh illustrations) but it’s goofy and perceptive, casting fresh light on (among other things) security checks at mall entrances (http://tinyurl.com/5s25pe), rich kids mowing down pavement-dwellers in their Mercs (http://tinyurl.com/mhpwep), and loud honking at traffic signals as a substitute for sexual inadequacy (http://tinyurl.com/kl7knc).

Top-8 cos add Rs 1 lakh cr in m-cap last week
The country"s most valued firm Reliance Industries (RIL) helped eight of the top-10 Sensex firms add over Rs 1 lakh crore in their market valuation during the last week, while the state-run MMTC and private telecom services provider Bharti Airtel saw value erosion.

News of the day

Sensex recovers partially; BHEL up 2%
The Sensex has recovered partially and is now at 17,167, down 20 points.
Management

Sensex ends up 74pts

The Sensex has ended (provisional) at 16,912- up 74 points. The NIfty ended (provisional) up 23 at 5,056. (Updated at 1449 hrs) The Sensex after touching a high of 16,996 is now firm at 16,955, up 78 points. - Bajaj Hind back in black with Rs 69 cr Sep qtr profit - Sensex near day"s high - Markets recover losses; IT index up 1% - Bharti Airtel looks at SAARC region for buyouts - Godrej Consumer get board"s nod to raise Rs 3,000 cr - Sun Pharma up on getting boost in Taro war Markets extend losses in noon trades Asian markets end flat Ruchi Soya Q3 net rises 253% to Rs 40 cr NTPC may miss 3,300 MW capacity addition target in FY"10 Nano City may have foreign partner soon Tata Motors continues to lead the list of gainers among the Sensex-30 stocks, has soared 3% to Rs 710. It is followed by Bharti Airtel and Mahindra & Mahindra, up 2.5% each at Rs 325 and Rs 1,043, respectively. IT stocks like TCS, Wipro and Infosys have added around 2% each at Rs 717, Rs 673 and Rs 2,545, respectively. Jaiprakash Associates is the only major loser on the BSE-benchmark index, down 1% at Rs 219. SBI, Maruti and Hero Honda are down 0.5% each. The market breadth is positive, out of 2,828 shares traded, 1,496 have advanced and 1,247 have declined so far on the BSE. Most of the sectors have recovered like power, banking and oil & gas and are now moving flat. The BSE IT index is the top gainer, up around 2% while the realty index has slipped 1%.


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