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V V: How to understand the global meltdown
“Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to satisfy them. But the case cannot stand if it is the process of satisfying wants that creates the wants.” http://smallpersonalloans.org.uk

Polaris mulls expansion in Europe; possible hub Sweden
India"s financial technology firm Polaris Software Lab is planning to expand its footprint in the European markets beyond continental Europe and Sweden could be the base to cater to the large untapped region.

News of the day

Climate summit should reflect needs of emerging nations: CII
The Confederation of Indian Industry (CII) has called for efforts by both developing and developed nations to intensify efforts for developing a low carbon economy in the backdrop of the Copenhagen climate change summit. Developing countries such as India have a responsibility to their citizens to grow rapidly to meet and exceed the UN Millennium goals. This growth can be consistent with reducing carbon intensity in their economies.
Management

Sensex off day's high; metal index up 3%

The Sensex has erased some of its gains and is now at 17,666, up 109 points. The NSE Nifty is at 5,267, up 34 points. - JSW Steel zooms on robust growth in steel prod - Sensex firm; Hindalco up 5% - Novartis gains on plans of Alcon buy - Sensex gains in early trades - Godrej Properties commands 16% premium on debut - F&O OUTLOOK: Nifty to find stiff resistance above 5,300 Among the Sensex-30 pack, Hindalco has advanced 5.5% to Rs 172. The other prominent gainers include Jaiprakash Associates, Grasim Industries, Sterlite and Mahindra & Mahindra have added 3% each at Rs 159, Rs 2,628, Rs 903 and Rs 1,165, respectively. DLF, Bharti Airtel, Reliance Communication and ICICI Bank are up 1% each. The BSE metal index is up 3% at 18,282 and the realty index has advanced 1% at 3,914, respectively. The market breadth remains positive, out of 2,800 shares traded, 1,830 have advanced and 883 have declined so far on the BSE. VALUE & VOLUME TOPPERS Tata Steel has topped the value chart on the BSE with a turnover of Rs 84.07 crore. It is followed by Tata Motors (Rs 52.59 crore), Hindalco (Rs 42.61 crore), Reliance (Rs 37.51 crore) and Sterlite Industries (Rs 35.42 crore). Satyam Computer has led the volume chart on the BSE with trades of 15.49 million shares. It is followed by Kaashyap Technologies (13.16 million), Cals Refineries (12.94 million), Sanraa Media (9.10 million) and JSW Energy (8.77 million).


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