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Risk of another Lehman still looms: Moody's
Moody"s today said there is always a risk of another major event sending shock waves in financial markets, even as Asian stocks may have rebounded from the lows post the collapse of Lehman Brothers last year.

HDFC Bank Q3 net surges 32% to Rs 818cr
HDFC Bank, India"s second largest private sector bank today reported a surge of 32 per cent in net profit at Rs 818.50 crore during the third quarter ended December 31, 2009.

News of the day

Correction to stay on course
The Sensex and the Nifty closed in the red on Friday on profit-booking in technology stocks and lack of interest in other pivotals at current levels. The trading volume on the F&O segment remained lackluster as the Nifty provided little scope for trading since it moved in a tight range of 20-30 points on Friday.
Business Ideas

Sugar stocks jump as prices touch record high

Shree Renuka Sugars ended at Rs 229, up by Rs 7 or 3.3%, on the BSE. Over 4.07 lakh shares have changed hands at the counter. The stock hit a high of Rs 230 and a low of Rs 223 during the day. Bajaj Hindustan added 2.1% to Rs 229 on the BSE, accompanied with trading volumes of 5.87 lakh shares. he stock hit a high of Rs 230 and a low of Rs 225 during the day. Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit _______________________________________________________________________ (Updated at 0908am) Sugar stocks have jumped this morning as prices of the commodity soared, following UP government"s decision to ban imports of raw sugar. Ex-mill sugar price in the state is at a record high of Rs 3,700 a quintal. Prices have gone up 7-8% in one month, though crushing season is on. The Union government has allowed duty-free import of raw sugar to tide over the domestic production shortfall. In the 2008-09 season ending October 2009, domestic sugar output fell 42 per cent to 15 million tonne, causing retail sugar prices to more than double. Currently, sugar is selling at Rs 42-43 a kg in retail. UP is the country"s second biggest sugar producer after Maharashtra, and home to top producers like Bajaj Hindusthan and Balrampur Chini Mills. The UP sugar industry is also estimated to be incurring additional warehousing charges of Rs 5 crore every month. Shree Renuka Sugars has gained 1.2% at Rs 225. Over 10,900 shares have changed hands at the counter so far. Bajaj Hindustan has added 1% to Rs 227. Around 17,117 shares have been traded on the BSE. Balrampur Chini Mills is up around 1% at Rs 134 with trades of over 13,450 shares. Triveni Engineering and Industries has added 1.12% to Rs 109. Dhampur Sugar Mills has jumped 2.3% to Rs 139. Dwarikesh Sugar is up 1.5% at Rs 113. Simbhaoli Sugars has rallied 2.6% to a new 52-week high of Rs 77. Uttam Sugar Mills has surged 5% to its upper circuit of Rs 70.05. Around 510 shares have been traded with 1,400 buy orders pending at the counter. However, Andhra Sugar has slipped 1% to Rs 119. : Sugar prices in U"khand touch all-time high Sugar deficit to go on for another year: Pawar


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