Business

Arcelor CEO insisted that his steel group had not resorted to a 'poison pill' in its battle against a takeover bid by Mittal.

The stock markets failed to sustain Friday's rally and plunged by 238 points on across-the-board selling pressure.

State-owned Gas Authority of India Ltd said it had sold the entire quantity of the LNG spot cargo bought from Algeria.

LN Mittal could hold 40 per cent of the European rival Arcelor and Russian giant Severstal combine.

After rising by over 183 pts in early trade, the benchmark Sensex fell back to trade about 27 points down at mid-session.

The Goods and Service Tax should replace all indirect taxes including central excise to make it economically effective.

Ambareesh Baliga of Karvy Stock Broking says all the shocks are over and that there will be no sharp correction now.

Kotak Mahindra Bank Executive Director Uday Kotak advised investors not to expect unrealistic returns from the stock market.

Despite the ongoing volatility in stock markets, fundamentally strong scrips are able to stay buoyant.

Both India and Pakistan have constituted a committee to explore possibilities to jointly fight for patenting Basmati.

Mittal has raised the offer by a third and dropped the demand for family control over the combined global steel giant.

An 853 point nosedive and yet analysts say that if you're here to author the long-term story, you have nothing to worry about.

The financial regulators of Luxembourg, France, Belgium and Spain must give their approval to Mittal's offer.

The EU made it lucid that Mittal Steel's bid to takeover Arcelor would be resolute on the basis of business and not nationality.

At least after taking your advice the client is paying you for it. After that if they dump the advice, it is their call.

Salaries for CAs have risen 60 per cent to an average of Rs 25,000 a month from Rs 15,000- Rs 18,000 about two years ago.