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Govt not to import rice as of now, says Sharma
India will not import rice as it has adequate stocks of the grain, Commerce and Industry Minister Anand Sharma said today after a meeting of the empowered group of ministers (EGoM) on food.

OMCs to shore up India Inc profit in Q2
India Inc is likely to post a whoping 63 per cent growth in net profit in the second quarter, thanks to four oil marketing companies which are expected to post a combined net profit of Rs 2,730 crore in the quarter ended September. If one excludes these four from the sample of 235 companies studied, net profit is expected to only increase marginally, around 1 per cent.

News of the day

Revisiting Charandas Chor
Naya Theatre, sans its founder — thespian Habib Tanvir, who passed away recently — is firmly back on its feet. The 50-year-old theatre group opened to housefull shows of Tanvir saab’s classic Charandas Chor earlier this week in the capital. After the veteran theatreperson passed away in June this year, his daughter Nageen and group manager Ram Chander took over the reins of the 20-people strong group, based in Bhopal. Naya Theatre is now busy preparing for the group’s 50th anniversary, an event that will be held in Bhopal and will see many of Tanvir saab’s plays being performed.
Small Business

Sensex breaks four-day winning streak

The Sensex today opened at 17,702 mirroring subdued global cues and slipped into the negative terrain within few minutes of trading. Selling in IT and auto shares dragged the markets further into red. The index touched a low of 17,566, down 177 points from the day"s high. The Sensex languished in the red for the rest of the trading session and finally ended at 17,616, down 85 points. The NSE Nifty ended at 5,263, down 19 points. The market breadth ended marginally positive, out of 2,969 shares traded, 1,635 advanced and 1,239 declined on the BSE. The other major losers were Sun Pharma, HDFC, Jaiprakash Associates, DLF and ICICI Bank, down 1% each. ...AND THE MOVERS Hindalco advanced 2.5% to Rs 175. Reliance, Tata Steel and Reliance Communications were up 1% each at Rs 1,105, Rs 649 and Rs 183, respectively. VALUE & VOLUME TOPPERS Aban Offshore topped the value chart with a turnover of Rs 167,97 crore, followed by Reliance (Rs 164.35 crore), Essar oil (Rs 16.02 crore), Tata Steel (Rs 120.43 crore) and Hero Honda (Rs 100.89 crore). IFCI topped the volume chart on the NSE with trades of over 31 million shres, followed by Unitech (28.85 million), Satyam (24.27 million) and Alok Textiles (21.19 million).


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