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Eyes on the world
Religare aims to become one of the top financial services companies globally, and in double-quick time.

Acid content in dam water affects Neepco unit
The ‘unscientific’ coal mining in Jantia Hills of Meghalaya is severely affecting power generation at North Eastern Electric Power Corporation’s (Neepco) Kopoli hydro project in Assam due to rise in acid content of water in the reservoir. The high acidic nature of reservoir water has led to unprecedented rise in wear-and-tear and breakdown of machines and parts of the power plant.

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Dubai World may sell assets to part finance debt
Dubai World will sell some of its assets to part finance its $26 billion debt, a senior city-state official said amid a sharp fall in the main stock exchanges in the United Arab Emirates today.
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Sensex ends down 171pts

The Sensex has finally ended (provisional) at 15,881 - down 171 points. - Markets off day"s low - Sensex slips into negative zone - Markets off day"s high - IOC down 2% on fire at Jaipur depot - Reliance in red on fourth straight fall in net - Sensex up over 200pts in early trades The Nifty ended down (provisional) 46 points at 4,704. ____________________________________________________ (Updated at 1512hrs) The Sensex after slipping to a low of 16,136 ,has recovered partially and is now at 16,920, down 132 points. The NSE Nifty is at 4,715, down 36 points. Reliance Communications has slumped 7% to Rs 176. Bharti Airtel has dropped 6.5% to Rs 292. Reliance Infrastructure, Tata Power, Wipro, Reliance and ONGC have declined 3-5% each. Sterlite has advanced 3% to Rs 770 and Grasim Industries has added over 2.5% to Rs 2,190. ICICI Bank, ACC, Maruti and Tata Motors are up over 1.5% each. The market breadth is fairly negative, out of 2,741 shares traded, 1,573 have declined and 1,086 have advanced so far on the BSE.


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