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Bhupendra Sharma, vice president, Hornic Investments, has spoken up that the stock market traded down for the entire week.

The National Aluminum Company Ltd (NALCO) is intending to set up a 0.5 million ton capacity aluminum plant in South Africa. The new plant would use local mineral resources as its raw material.

During his visit to South Africa earlier this week, the Indian Minister of State for Mines, Subbarami Reddy, had the preliminary discussions on the plan with the the Head of Mining and Steel Ministry of South Africa, Sandile Nogxina.

Reddy, who was with Prime Minister Manmohan Singh during his visit to Nigeria and South Africa, revealed NALCO’s intent on establishing the plant to Nogxina.

London, Oct 21 : British researchers from the University of East Anglia have found in a new study that the amount of carbon dioxide being absorbed by the world’s oceans has halved in the last decade.

The researchers gauged CO2 absorption through more than 90,000 measurements from merchant ships equipped with automatic instruments.

The result of their 10-year study in the North Atlantic showed that CO2 uptake had halved between the mid-90s and 2000 to 2005.

The findings assume significance as the ocean’s ability to soak up less of the greenhouse could worsen the global warming scenario.