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Aluminium may substitute copper on price volatility
All the base metals on the London Metal Exchange continue to rise higher and higher, aided principally by the growing investor support, improving global economic sentiment and inflation in smelter operational costs. At this point, with investors deciding to pin their faith on positives like good showing by China and India; and Euro zone breaking out of recession and not to be bothered by still wobbling US economy, copper is bid at $7,454 a tonne and aluminium at $2,293 a tonne, for ready delivery.

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Take-off troubles
Business Standard / New Delhi December 24, 2009, 0:39 IST

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GM generates $3.3 billion, will repay loans
General Motors Co, signalling confidence in its recovery from bankruptcy, said it generated $3.3 billion in cash in the third quarter and plans to start repaying government loans early.
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GSK arm resumes Andhra operations

GlaxoSmithKline Consumer Healthcare(GSKCH) has resumed operations at its plant in Dowlaiswaram, Andhra Pradesh, the company said in a statement posted on the Bombay Stock Exchange on Monday. Work at the plant was temporarily halted on December 11 following widespread unrest in the state. - GSK Consumer arm halts operations in AP unit - Glaxo Consumer Q3 net up 13% at Rs 60 crore - NEWSALERT: GlaxoSmithkline Consumer Healthcare posts 20% rise in Q1 profit - GSK Consumer to focus on health food drinks - BSE to give MF software to brokers - Telangana turmoil hits minor impact on state IT sector The turmoil was due to the Centre’s decision to accord status of a separate state to the region of Telangana. GSK said on December 11 it was reviewing the situation in the state and business would not be hampered on account of the shutdown. The Andhra plant employs 800 people and contributes 25 per cent to the firm’s capacity in nutritional products.


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