Popular Articles

Bhupesh Bhandari: Royal challenge
Ranibai Rajaram Chhabria, the mother of the late Manohar Rajaram ‘Manu’ Chhabria, has challenged in court the merger of Shaw Wallace with Vijay Mallya’s United Spirits, the Press Trust of India reported a few days ago. She has claimed that her son died intestate seven years ago and under Hindu Law she is entitled to a fifth of his estate, it said.

KIT: Trends in healthcare
Technopak Advisors / New Delhi December 29, 2009, 0:03 IST

News of the day

Markets sign off in style
The markets ended the last day on a high note. Erasing the previous day"s losses and shrugging off the spike in food inflation, the Sensex gained 120 points to end at 17,464 and the Nifty conquered the 5200 barrier to close at 5208, higher by 39 points. Power, consumer goods and energy stocks powered the indices.
Corporate

Tata Steel drops 4% on product price cut

Tata Steel plunged over 4% to settle at Rs 443. The counter saw trades of around 4.80 million shares against its two-week average quantity of 4.15 million shares. ___________________________________________________________ F&O OUTLOOK: Downside limited from current levels US markets end in the green Tata Steel has slipped following a cut in long product prices. The stock today opened in the red at Rs 460 and touched a high of Rs 461. Thereafter, the stock dipped 9% to a low of Rs 420. It is now trading at Rs 451 - down 2.5%. The stock, however, has gained 28% in the past month. Around 768,209 shares have been traded on the BSE so far. The company has reduced prices of long products by Rs 1,000-1,500 with immediate effect. The cost of the products, used mainly in the construction sector, have been reduced because of low demand, market conditions and weak monsoons.


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