Most of the metals ended the day on a downward note taking cues from the worsening Swine flu situation and weakening demand outlook across the globe. The worst hit was nickel, shedding $575 and closing the day at a three week low of $10800 on LME .

Latest data from the International Copper Study Group (ICSG) confirmed the gloomy demand outlook. ICSG said the world copper market saw a surplus of 155,000 tonnes in January, compared with a deficit of 22,000 tonnes in January 2008.

Gold was quoted at $889.70 an ounce, down by more than 1%, the biggest in more than two weeks. In the Indian markets, gold went down by Rs 195 to close at 14515 continuing the sluggish demand post Akshay Tritiya and ahead of a long weekend.

The dollar fell against euro as much as 0.9% as the risk tolerance drove the demand of greenback southwards and the US Economic data of home prices came out to be positive. But the downside may be limited because of the swine flu, which may see a safe haven buying.

New Delhi, Apr 29: India''s top mobile operator, Bharti Airtel, sees its current operating margin as sustainable, director Akhil Gupta said on Wednesday.

"I think anything around 40 per cent is pretty decent with this bond. But of course, if you do anything more in terms of converting opex into capex or vice-versa, this ratio can change," said Gupta.

Bharti, which announced its March quarter results earlier, recorded an operating margin of 40.7 per cent in the March quarter.

ABB, a leader in power and automation technologies, has secured substation orders worth Rs 425 crore from Powergrid, Country's largest power distributor, to boost capacity and help improve grid reliability.

The scope of contract includes design, supply, installation and commissioning of 765/400 kilovolt (kV) substations at Agra (Uttar Pradesh), Wardha (Maharashtra), Bilaspur and Seoni (both Madhya Pradesh), and of a 400/220 kV substation at Palakkad (Kerala).

The projects are expected to be completed by mid-2011.

NewYork-based IntraLinks has entered into a strategic alliance with Western Press Pvt. Ltd., a major corporate printer in India.

Under the arrangement, Western Press will market IntraLinks exclusively in India, focusing on companies operating in the financial markets.

Cadila Healthcare Ltd, on Tuesday announced an increase of 11.62% in its net profit at Rs 58 crore for the second quarter ended March 31, 2009, compared to Rs 51.96 crore in the year-ago period.

Further, total income of the company for the quarter also rose 29.25% to Rs 727.73 crore, compared to Rs 563 crore for prior year period.

For the full-year ended March, Cadila Healthcare’s net profit surged 17.65% to Rs 303.08 crore, as compared to Rs 257.59 crore for the year ended March 31, 2008.