Little did the investors know on the last Moorat day when the Sensex lost 131 points to end at 3803.09, that the Bombay Stock Exchange Sensex will stand another 1,000 points lower at the end of the year Samvat 2045. Now, not many may be surprised if it goes down by a similar figure before the next Moorat, if one goes by the mood among traders. It was a 1,537-point swing between the peak of 4322 in April 1998 and 2785.41 a couple of days back. Even the most optimistic of the traders do not talk about any bull run in the coming year with a financial crisis at home in the form of US-64 and the business confidence at its lowest ebb with falling growth.

Raters taking hard look at telecom regulations

Recent developments in the domestic telecommunications sector, especially issues related to payment of fees, has led credit rating agencies to review their stance with respect to the regulatory framework. The regulatory environment is being seen as one of the most basic criteria for analysing creditworthiness of basic and cellular. The raters’ assessment is based on developments that have not been favourable either for the government or the private sector telecom companies that are guided by strategies pursued by the Telecom Regulatory Authority of India (TRAI).

Modern Food-Godrej tie-up plan on hold

Public sector Modern Food Industries’ proposal to tie up with Godrej Foods to market its 'Rasika' brand in tetrapack has been deferred. According to company officials, market conditions have forced the company to put on hold the plans. Modern Food has not been performing well in the fruit drink business. The 'Rasika' drink, which is currently being sold in bottles in the North, suffered losses last year.

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