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Sunil Jain: Continuing to dial disasters
The decade began with the government doing the right thing and auctioning mobile phone licences, but ended with the scandal over its decision to start playing favourites and handing over licences to a chosen few firms at a price that was Rs 50,000 crore less than the market one. The decade began with the government privatising the Delhi Vidyut Board (DVB) in the midst of a huge scandal, since it offered several thousand crore of concessions to two firms, and ended with another scandal over how the winning bidders for the Bangalore airport awarded the major part of the contracts to themselves — and passed on the increased costs to the flying public.

Nasdaq Composite down 3%; Wipro slumps 5%
The US markets on Friday ended on a negative note. The Dow Jones Industrial Average slipped 2% to 10,173 and the Nasdaq Composite Index dropped around 3% to 2,205.

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Lupin's consistent growth continues
Higher margins and increased sales across regions helped Mumbai-based drug maker Lupin Ltd register 38 per cent growth in its consolidated net profit for the quarter ended December, to Rs 160.6 crore against Rs 116.5 crore in the corresponding quarter of the previous year.
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Sensex slips 75pts amid lacklustre trade

The Indian bourses opened in the positive at 17,604 but soon slipped into the red owing to lack of buying activity and no major trigger to boost the sentiment. The index exhibited lacklustre movement for major part of the trading day. The benchmark index towards the end slipped deeper into the red to touch a low of 17,509, down 149 points from the day"s high. The Sensex finally ended at 17,540, down 75 points. Sensex ends up 35pts Cox & Kings Q3 net jumps 88% to Rs 19 cr UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit IT scrips like Infosys and TCS were down over 2% each at Rs 2,464 and Rs 700, respectively. HDFC, Reliance Communications and Maruti declined 1.5% each to Rs 2,600, Rs 181 and Rs 1,432, respectively. ICICI Bank, Wipro, Bharti Airtel, Hindalco and Sterlite were down 1% each. ...AND THE MOVERS DLF advanced 4% to Rs 391. Grasim Industries added 3% at Rs 2,754. Sun Pharma and Jaiprakash Associates advanced 2% each to Rs 1,574 and Rs 161, respectively. VALUE & VOLUME TOPPERS Satyam Computers topped the value chart on the BSE with a turnover of Rs 207.11 crore, followed by Aban Offshore (Rs 150.23 crore), Bombay Dyeing (Rs 147.81 crore) and DLF (Rs 146.44 crore). Cals Refineries led the volume chart with trades of 82.18 million shares on the BSE. It is followed by Satyam Computer (18.61 million), Karuturi Global (18.02 million), IFCI (14.83 million) and Unitech (11.91 million).


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