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Sensex down 39 points amid weak trend in world markets

Feb 15 2013, 09:51 IST
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The 30-share barometer fell by 39.26 points, or 0.20 per cent, to 19,457.92. (Reuters) The 30-share barometer fell by 39.26 points, or 0.20 per cent, to 19,457.92. (Reuters)
SummaryThe 30-share barometer fell by 39.26 points, or 0.20 per cent, to 19,457.92.

million tonnes and will meet its supply target by drawing on stocks, its chairman said on Thursday.

Canadian oil and gas producer Niko Resources Ltd said the sale price of gas from its wells in India may nearly double to between $8 and $8.50 per million British thermal units based on a pricing formula recommended by an Indian government panel. TELECOMS

The finance ministry is likely to seek permission from the Cabinet to enter into discussions with Vodafone Group Plc to settle the long-running $2-billion tax dispute between the Indian government and British telecom giant, according to sources familiar with the matter.

AUTOS

Tata Motors Ltd posted its first drop in profits in five quarters as its Jaguar Land Rover (JLR) business faced higher spending and a drop in operating margin after 18 months of soaring profit.

PROPERTY

DLF Ltd reported a 10.5 percent rise in quarterly net profit, helped by a one-time gain from the sale of non-core assets during the quarter ended Dec 31.

IT

Mahindra Satyam will undertake organizational restructuring by creating mini business units headed by mini CEOs as the software services company works towards its 2015 sales target of $5 billion, said CEO CP Gurnani.

TELECOM

India's top court on Thursday upheld a decision to revoke the operating licences of several mobile phone companies after police said the sale of the licences was tainted by corruption.

Eight carriers including the local subsidiary of Russia's Sistema and Indian firms Idea Cellular, Videocon Telecommunications and Tata Teleservices, were affected by the court order.

SPIRITS

United Breweries Ltd said the brand "Kingfisher" has not been pledged by the company to any lender to secure its loans and added no shares of the company are pledged to the lenders of Kingfisher Airlines Ltd.

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