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Stringent cost cutting measures and a pursuit of operational efficiency helped the Tata Steel group (including Corus UK) report a two-fold rise in the Q2 September 2008 quarter. Tata Steel's consolidated net profit soared 215.77% to Rs 4703.64 crore on a 36.17% increase in total income to Rs 44283.34 crore in Q2 September 2008 over Q2 September 2007.
Indiabulls Securities is reportedly up for sale and is looking for an overseas buyer.
Oberoi-Trident, owned by EIH and Taj of Indian Hotels Company, damaged by the terror attacks in Mumbai last week, will get up to Rs 750 crore each as claim payments from the official reinsurer of the country which manages the terrorism pool set up exclusively to hand terror insurance.
Indian Stock Market
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