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Markets at a glance
A sell-off in global stocks and disappointing earnings numbers from a few big corporates pulled down the key indices during four out of five trading sessions in the week. The BSE Sensex fell below the 17,000 mark and ended the week down 695 points or 4 per cent to 16,860.

Shipping: All hands on deck
The upswing in Baltic Dry Index numbers recently to a 14 month high closing at 4661 on 19 November 09, raised hopes that a revival for the shipping sector is afoot sending shipping stocks zooming. Freight and tanker rates dropped sharply in July - September 09 quarter, but gained strength in October 09 which has sustained through November 09 as well. They hit 10 year lows in the December 08.

News of the day

Bhuvan makes a splash in cyberspace
Seven days after it was launched, Isro’s answer to Google Earth gets nearly 23,000 downloads a day
International Business

All police complaints to be treated FIRs

In a fallout of the Ruchika molestation case, all complaints received at police stations are to be treated as FIRs, while a move is afoot for automatic revoking of police and gallantry medals awarded to convicted officers. - GST Task Force advice differs from that of ministerial panel - ICICI Bank to raise up to Rs 1,200 crore via bonds - ICICI Bank sells PoS network to First Data Corp - ICICI sells POS business to First Data for $80 mn - IndiaFirst to start ops by Dec-end, gets nod for 3 products - Right levels critical to acceptability of GST regime The case of molestation of 14-year-old Ruchika Girhotra who committed suicide three years after the incident in 1990, sparked a national outrage after the accused ex-Haryana DGP S P S Rathore got away with a lighter six-month jail sentence. The home ministry has decided to issue a circular to the state governments asking them to ensure that all complaints received at police stations are treated as FIRs. The circular, to be issued next week, will direct state governments and Union Territories to ensure free and total registration of all complaints as FIRs, sources in the home ministry said today.


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