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Tata Power net down 28%
Tata Power Company reported a 28 per cent fall in net profit at Rs 182.1 crore for the second quarter ended September, compared to Rs 252.9 crore for the corresponding quarter last year.

Tata Steel posts Q2 net loss at Rs 2,720 cr
Country’s biggest steel producer, Tata Steel, reported a consolidated quarterly net loss owing to lower demand and weak performance of its European unit Corus.

News of the day

Cong open to all like-minded parties for alliance: Scindia
As political parties eagerly await for Lok Sabha election results, Congress leader Jyotiraditya Scindia today expressed confidence that the Left, Samajwadi Party and JD(S) would support a Congress-led government at the Centre.
International Business

MPs goodwill visit to Egypt, Greece put off as austerity step

The first foreign visit by a delegation of the 15th Lok Sabha has become a victim of austerity measure. - Following UP concept in other states is a shallow idea: Rahul - Making the grade - Govt may finalise rules of IT (Amendment) Act in a month - Khanduri takes complaint to RSS chief - Advani was at centre of cash-for-vote drama: Jaswant - BJP summons Raje to Delhi on Monday Parliamentary Affairs Minister Pawan Kumar Bansal has cancelled a goodwill visit by MPs to Egypt and Greece from September 28. Bansal was to lead the delegation during the 10-day tour. The decision was taken in view of the austerity measures initiated by the government in view of the drought, officials said. Congress President Sonia Gandhi had only a couple of days back conveyed to External Affairs Minister S M Krishna and his deputy Shashi Tharoor to shift out of their temporary accommodations in five-star hotels. The Finance Ministry had only recently appealed to all ministries to observe austerity measures and the Prime Minister"s Office had asked ministers to undertake foreign tours if absolutely necessary. A meeting of the Congress Working Committee last month had asked party Ministers, MPs, MLAs and office bearers to donate 20 per cent of their salary for drought relief.


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