MUMBAI: Tata Steel is a ‘sell’ at Citigroup as it expects steel prices to weaken further amid a global economic slowdown. The investment bank expects Tata Steel’s net profit to decline 60% in 2009-10 and 20% in 2010-11, as against their previous years, even after upgrading its conso…

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NEW DELHI: Buyers for fraud-hit Satyam Computer Services are likely to emerge by the end of February, a senior board member said on Tuesday. Asked whether he saw any buyer coming forward for Satyam, Deepak Parekh said: “Yes. By the end of this month.” …

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MUMBAI: A leading brokerage house today asked Reliance Industries to increase its disclosure level while pointing out that it was not providing key information like gross debt and cash position and capex breakdown for the past few quarters. …

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Pranab Mukherjee hosted the interim budget today. He declared several measures for selective sectors in the interim budget. Textiles, Gems & Jewellley Measures: The government extends interest subvention for some export loans. It extends 2% interest subsidy on pre & post ship…

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New Delhi: Reliance Industries is likely to restart crude oil production from its predominantly gas-rich KG-D6 fields next month but the company will shut the fields again by late March or early April to hook up more oil wells. …

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MUMBAI: Key indices ended in deep red on Tuesday after extending losses for second straight day. Traders unwound positions in sectors like realty, banks and metals space after interim budget turned out to be a non-event. Weakness in global markets also dampened sentiments. …

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MUMBAI: India’s gold futures on the Multi Commodity Exchange struck an all-time high of Rs 14,990 per 10 grams on strong global leads and weak rupee. At 10:03 a.m., gold futures traded up 1.48 percent at 14,924 rupees per 10 grams. …

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MUMBAI: Oil prices were mixed in Asian trade Tuesday. New York’s main futures contract, light sweet crude for delivery in March was down to $36.68 per barrel. Brent North Sea crude for April delivery gained was up at $43.64. …

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MUMBAI: Investors lost close to Rs one lakh crore today as the market gave a thumbs down to the interim Budget FY’2009-10, which failed to provide any sops for key sectors. After two weeks of pre-budget rally, the benchmark index Sensex today nosedived over 300 points to 9,305.45 po…

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Shares of Anil Ambani-led Reliance Communications (RCom) today plunged by over five per cent, after one of its promoters — AAA Communication Pvt Ltd — pledged more than one-fifth of its equity in the company. …

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