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Markets pare gains on spike in inflation
The markets have pared gains in the last few minutes following a spike in inflation numbers. The food inflation for the week ended January 16 spurted 17.40% from 16.80% a week ago. The Sensex is now up 10 points at 16,300, and the Nifty is up eight points at 4,861.

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A peep into a new book about underrated Maharashtrian cuisine.

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Worst may be over for major Indian IT firms
Notwithstanding the growing concern over an appreciating Indian rupee against the US dollar which could eat into their operating (Ebitda) margins, major Indian IT services providers believe the worst is behind the sector.
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UN chief urges world climate deal by year's end

UN chief Ban Ki-moon has pressed world leaders to publicly commit here next week to reaching a global climate change deal in Copenhagen in December. - Nair briefs UN about India"s views on climate change - UN climate chief: Big greenhouse gas cuts needed - Global economic crisis far from over: UN trade body - UN Climate Summit to give political momentum for negotiations - World trade to slip by 11%; more trouble for exporters - G-20, WTO should report to UN: Lamy "No issue better demonstrates the need for global solidarity," he told a press conference ahead of next week"s UN General Assembly session. "The current slow pace of the (climate change) negotiations is a matter of deep concern," Ban said, adding that world leaders due to attend Tuesday"s UN climate summit should "publicly commit to sealing a deal in Copenhagen." "We want world leaders to show they understand the gravity of climate risks, as well as the benefits of acting now," Ban said yesterday. "We want them to give their negotiating teams marching orders to accelerate progress toward a fair effective, comprehensive and scientifically ambitious global climate agreement in Copenhagen." Europe and the US administration continue to have differences over how to cut emissions and tackle global warming. The EU prides itself on taking the lead in the battle against climate change, with member states agreeing to make 20 percent cuts in CO2 emissions by 2020 from 1990 levels. EU leaders are seeking a more ambitious global goal in Copenhagen and are ready to commit to 30 per cent cuts if the rest of the world does likewise to attain the overall goal of restricting global warming to two degrees Celsius.


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