Sensex drops 129 pts on monsoon worries Mumbai: The Sensex on Wednesday dropped 129.21 points to close at 17,489.14,from four-month high level as investors booked profits in view of 23 per cent deficient rain so far amid weakness in global markets. Farm production needs to rise 60% by 2050: UN FAO ROme: World farm production must rise 60 per cent by 2050 to meet the needs of a growing population but this has to happen in a more sustainable way, the UN food agency FAO and the OECD said on Wednesday. Nalco consortium to bid for Afghan mines New Delhi: Aluminium producer Nalco,in consortium with steel major SAIL and Hindustan Copper,will submit a bid for developing gold and copper deposits in Afghanistan this month,chairman BL Bagra said. Govt to modify CSR clause in Companies Bill: Moily New Delhi: Corporate Affairs Minister Veerappa Moily has said that the government will modify the provision in Companies Bill regarding 2 per cent CSR spending to ensure that corporates earmark funds for such activities,but will not make it mandatory. CIL not sure of being able to meet FSA obligations New Delhi: Coal India has apprehensions whether it can fulfil obligations under the fuel supply agreements to be signed with power producers,Coal Minister Sriprakash Jaiswal said. Trai to present analysis findings before 2G EGoM New Delhi: Telecom regulator Trai will on Thursday make a detailed presentation to the Empowered Group of Minister on the impact its proposed spectrum sale price will have on mobile telephone tariffs. SpiceJet to start 6 new international flights Chandigarh: Unveiling its plans to expand fleet size to 50 aircraft by year-end,low-cost airline SpiceJet has said it will start flights to six new foreign destinations,including China,Afghanistan and Hong Kong,by October-end. CMC Q1 net jumps 68% to R58.43 crore Mumbai: IT solutions provider CMC has posted a 67.52 percent increase in its consolidated net profit at Rs 58.43 crore for the quarter ended June 30.
