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From the 30 Sensex firms, IndusInd Bank, Asian Paints, Hindustan Unilever, Tata Motors, Tata Steel, Titan, Reliance Industries and NTPC were among the major laggards. Tech Mahindra, Mahindra & Mahindra, Kotak Mahindra Bank, Infosys, HCL Technologies and State Bank of India were among the major gainers.
The November 5 US presidential elections, Federal Reserve interest rate decision, trading activity of foreign investors, and the upcoming quarterly earnings from domestic firms are the major triggers that would influence sentiments in the equity market this week, analysts said. In an eventful week ahead, a host of macroeconomic data announcements and global trends would also drive the markets, experts said. "The upcoming week is poised to be eventful on the global front.
Managing director of Tata Steel B Muthuraman and vice chairman of Goldman Sachs group Suzanne Nora Johnson are among the 20 business labour and civil society leaders named by the UN to serve on Global Contact group.
Tata Steel on Tuesday said it will sell equity shares worth $2.3 billion in domestic and overseas markets, besides $6.1 billion in debt to fund acquisition of Anglo-Dutch firm Corus Group Plc.
Riding on rising steel prices and sales, the world's sixth-largest steel firm, Tata Steel reported 41 per cent jump in its net profit for the quarter ended March 2007 at Rs 1,104 crore (Rs 11.04 billion) on sales of Rs 4,980 crore (Rs 49.8 billion).
Tata Steel on Wednesday reported Rs 916.77 crore (Rs 9.16 billion) consolidated net profit for the July-September quarter of the current fiscal on higher income.
Viswanathan Anand had to be content with a joint third place finish following a draw with compatriot Vidit Gujrathi in the 13th and final round of the Tata Steel Masters, in Wijk Aan Zee, The Netherland.
Tata Motors reported a consolidated net profit of Rs 17,483 crore (adjusted for exceptional gains and losses) for Q4FY24, surpassing TCS' consolidated net earnings of Rs 12,434 crore. For the automotive major, this marked a 213.7 per cent year-on-year increase in the bottom line, from Rs 5,573.8 crore a year ago. In contrast, India's biggest IT firm saw a more modest Y-o-Y growth of 9.1 per cent in net profit, from Rs 11,392 crore.
Tata Steel Vice-Chairman B Muthuraman has asked a member of British Parliament not to be "over-critical" about the company's strategy in dealing with problems in Corus.
'The UK is more of a structural problem, and that's why we're doing the restructuring.'
'He devoted his entire life for the betterment of Mumbai cricket and cricketers.' 'Even when he left for the Elysian Fields, he was in harness as mentor/advisor to the MCA.' Hemant Kenkre mourns the passing of Mumbai cricket icon Milind Rege.
Taking advantage of the current boom in the steel sector, India's largest private steel manufacturer Tata Steel on Wednesday announced a whopping investment of up to Rs 25,000 crore (Rs 250 billion) over the next five years to become a 15 million ton
'There are several talented players like R Vaishali, Divya Deshmukh, Vantika Agrawal, so the future is certainly bright.'
This was a man who like Buddha transformed himself into achieving the impossible and being an inspiration for many generations to come, says business thinker Mudit Jain.
The Global Business Coalition on HIV/AIDS hailed its expansion from 17 to 114 companies and praised member firms like Standard Chartered Bank PLC, Tata Steel and Daimler-Chrysler.\n
From the Sensex stocks, Maruti Suzuki India, Tata Motors, JSW Steel, Larsen & Toubro, Tata Steel, Mahindra and Mahindra, Tata Consultancy Services, Tech Mahindra, HCL Technologies and Infosys were the laggards. HDFC Bank, Sun Pharmaceuticals, Kotak Mahindra Bank, Nestle India and Asian Paints were among the gainers.
World champion Viswanathan Anand played out an easy draw with Grandmaster Peter Leko of Hungary to remain second after the ninth round of the Tata Steel Chess tournament in Wijk Aan Zee, The Netherlands.
World champion Viswanathan Anand played out an easy draw with Grandmaster Peter Leko of Hungary in the ninth round of Tata Steel Chess tournament, in Wijk Aan Zee on Tuesday.
World Champion Viswanathan Anand scored an emphatic victory over world number two Levon Aronian of Armenia to jump to joint lead with two others after the fourth round of the Tata Steel chess tournament, at Wijk Aan Zee, The Netherlands, on Wednesday.
Ratan Naval Tata, a prominent industrialist, philanthropist, and former Chairman of Tata Sons, has been admitted to the intensive care unit (ICU) at Breach Candy Hospital in Mumbai, reports Mid-Day newspaper.
The Indian operations continued their steady performance against a backdrop of lacklustre demand in the market place and increasing imports.
On current form, D Gukesh is the favourite to win the World Chess Championship title against his Chinese opponent, Ding Liren, believes Indian teenage Grandmaster R Praggnanandhaa.
Profit in the three months ended September 30, excluding unit Corus, rose to Rs 1,787.81 crore (Rs 17.87 billion) from from Rs 1,190.83 crore (Rs 11.9 billion). Prices per tonne of steel may fall by as much as Rs 4,000 by December, said Koushik Chatterjee, chief financial officer. Demand from makers of trucks and buses have fallen, while supplies to cars and other light vehicle have remained flat.
This amendment is proposed to be made retrospectively effective from FY16 onwards.
Tata Steel's arm here said it had got $130 million as final settlement from the consortium of global steel buyers which had prematurely terminated, in May 2009, a 10-year purchase contract.
The company was also in the process of preparing the vision document for the year 2015.
While the maximum bonus will be Rs 130,463, the minimum will be Rs 26,610.
The 18-year-old also created history as he surpassed the legendary Viswanathan Anand to take the No 1 spot among Indian chess players in the live ratings.
NatSteel Asia Pte Ltd (NSA), the Singapore-based subsidiary of Tata Steel, said on Thursday it has acquired two new steel-bar rolling plants in Vietnam for $41 million as part of strategy to expand in the Asia-Pacific.
Five-time World champion Viswanathan Anand gave a fine endgame lesson to young Alireza Firouzja, jumping to joint sixth position at the end of 11th round of Tata Steel Masters, in Wijk Aan Zee, The Netherlands, on Saturday. With his second victory, Anand clawed his way back to a fifty percent score and will now hope to end the tournament on a high. At just 16 years, Firouzja is less than one third of Anand's age, and the Indian ace showed that the Iranian still has a lot to learn.
The steel plant is planned to set up in the Alton North light industrial area of Richards Bay, situated about 150 km north of Durban.
World No 3 Shakhriyar Mamedyarov of Azerbaijan, current World Cup winner Levon Aronian and India number two Harikrishna shared the lead with two points apiece.
European Union steel prices hit their lowest since 2004
Among Sensex firms, Tata Consultancy Services, HCL Technologies, Tech Mahindra, Infosys, Mahindra & Mahindra and Tata Motors were the biggest gainers. UltraTech Cement, JSW Steel, Tata Steel, Adani Ports, Power Grid and Bajaj Finserv were among the laggards.
World champion Viswanathan Anand slipped to the second position after he was held to an easy draw by tail-ender Ivan Sokolov of Holland in the eighth round of 75th Tata Steel Chess tournament Wijk Aan Zee, The Netherlands.
Magnus Carlsen of Norway feels that on current form Indian star D Gukesh is the favourite to win the World Chess Championship