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Posco, Arcelor may get idle land of fertiliser, cement PSUs
The need is to identify free land areas, says steel secretary.

RIL, ONGC lead stock surge
Heavy buying by foreign and domestic institutional investors saw the Bombay Stock Exchange (BSE) Sensex rise 2.25 per cent, or 339 points, to close at a 10-month closing high at 15,466. The rally was led by index heavyweights Reliance Industries (RIL) and Oil and Natural Gas Company (ONGC) as global crude oil price touched $71 a barrel after settling above $70 for the first time in over seven months. Firm global markets too helped the rally.

News of the day

Shyamal Majumdar: The missing scientists
Shyamal Majumdar / Mumbai January 07, 2010, 0:37 IST
Management

Golden Tobacco surges 5%

The stock was locked at an upper circuit limit of 5 per cent to Rs 114 after the company said its board will meet on 1 December to consider a proposal from Pramod Jain to acquire 25 per cent stake in the company. - Golden Tobacco board to mull Jain"s open offer on Dec 1 - Sanjay Dalmia asked to appear before EOW - Dalmia-owned GHCL postpones board meeting - Pramod Jain sees huge value in Golden Tobacco property - Pramod Jain makes open offer for Golden Tobacco - Pramod Jain makes offer for 25% in Dalmia"s Golden Tobacco On 13 November, Pramod Jain, a minority shareholder with 6.47 per cent stakes, made an open offer to acquire 25 per cent stake in the Sanjay Dalmia-promoted company, a move that could possibly open a clash for management control. Jain made an open offer to acquire 44.02 lakh shares at Rs 101 each.


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