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Tata Steel up prices by Rs 2,000, SAIL withdraws discounts
Dampening the Christmas mood, leading steel maker Tata Steel has jacked up prices by Rs 2000 a tonne, while the state-run Steel Authority of India (SAIL) has discontinued the discounts with immediate effect, on the back of rising demand.

GE to pay $50 mn penalty as part of SEC settlement
Diversified conglomerate General Electric (GE) will pay a penalty of $50 million to the US market regulator Securities and Exchange Commission (SEC) as part of a settlement related to alleged accounting irregularities.

News of the day

Emami: Betting on homeopathy
Kolkata-based Emami, the Rs 2,200-crore fast moving consumer goods major, is on the lookout for local homeopathy companies, even sick units will do. Emami had acquired Kolkata-based M Bhattacharyya & Co, one of the country’s earliest homeopathy companies, three years ago.
Management

Batla House encounter: HC rejects plea for judicial inquiry

The Delhi High Court today accepted the findings of NHRC giving clean chit to Delhi Police in the controversial Batla House encounter case and declined to institute a judicial probe into the gun-battle in which two suspected terrorists and a police officer were killed. - HC issues notice to Centre on non-appointment of NHRC chairman - NEWSALERT: Delhi HC upholds airport dev fees - Trai view on capping of licences by Nov-end - SC restores powers to Prasar Bharati CEO - HC restrains PNGRB from issuing licence for CNG gas retail - HC dismisses PIL seeking directions to govt on swine flu A Bench headed by Chief Justice A P Shah rejected the plea of an NGO, "Act Now For Harmony and Democracy", seeking judicial inquiry in the case on the ground that NHRC has failed to conduct proper investigation and its finding that it is not a fake encounter is not correct. NHRC had on July 22 given a clean chit to the Delhi Police in the encounter case in which two suspected Indian Mujahideen terrorists and Inspector Mohan Chand Sharma, an encounter specialist, were killed on September 19, last year. NHRC had said there was no human rights violation by the police.


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