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Copenhagen: Intense negotiations as emerging nations resist scrutiny
The US-brokered deal with India and three other emerging economies went down to the wire with a personal push by President Barack Obama, even as developing nations appeared to have staved off attempts to subject their voluntary mitigation actions to international review.

Tata Coffee Q3 PAT up 13.5% to Rs 14 cr
Tata Coffee has posted a rise of 13.5 per cent in its profit after tax (PAT) for the December quarter at Rs 13.87 crore compared with Rs 12.22 crore in the previous corresponding quarter. Its income from operations during the period grew to Rs 76.46 crore from Rs 65.10 crore last year, up 17.45 per cent.

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No withdrawal of stimulus before Budget: Pranab
The government today said the fiscal stimulus given to the industry to combat the adverse impact of the global financial meltdown will not be withdrawn before the Budget to be presented by Finance Minister Pranab Mukherjee in February.
Business Ideas

Markets extend losses

The Sensex is quoting at 16,633, down by 232 points and the Nifty is placed at 4,922, lower by 81 points. - Bharti Airtel leads combined value, volume chart - Sensex down in red; RCom drops 11% - Markets off highs - Markets open in the green - Market may open on a steady note - Sensex snaps three-day gains, down 268 points The major losers on the Sensex are Reliance Communications (slipped by 11.8% at Rs 264), Bharti Airtel (shed 11.8% at Rs 353), Tata Motors (lost 3.7% to Rs 540) and DLF (lower by 3.6% at Rs 407). Jaiprakash Associates, ACC and Wipro have lost between 2 and 3 per cent each. The leading Sensex gainers are ITC (stronger by 2.1% at Rs 243), Hindustan Unilever (firm by 2.1% at Rs 272) and Hindalco (up by 1.6% at Rs 120). Grasim and ONGC have gained up to 1% each. The major losers on the Nifty are Bharti Airtel (down by 12% at Rs 352), Reliance Communications (lower by 11.6% at Rs 264) and Idea (weak by 11.1% at Rs 62) The top Nifty gainers are Hindustan Lever (firmer by 2.4% at Rs 243), ITC (stronger by 1.9% at Rs 243) and Hindalco (stronger by 1.6% at Rs 120).


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