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AP govt terminates MoU with Janardhana Reddy's firm
Hyderabad: In a further setback to former Karnataka minister Gali Janardhana Reddy, the Andhra Pradesh government tonight issued an order terminating the MoU with Brahmani Industries for a steel plant in Kadapa district, as it "totally failed to fulfil its commitments". The validity of Memorandum of Understanding with the company expired on May 20, 2010 and it failed to fulfil its obligations and

UPDATE 1-India's austerity measures not enough, say analysts
details, comments, background)

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Sensex down 32 points amid cautious trades

After a weak start on negative cues from Asian markets, equities are moving in a tight band amid cautious trades on the Indian bourses this morning. While expectations of a rate cut following a

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Today's picks

NIFTY Current: 4,924 (June futures: 4,927) Target: NA A big session could push the index down till 4,850 or lift it till 5,000. A bearspread of long 4,800p (80) and short 4,700p (55) costs 25 and

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Govt's austerity measures not enough, say analysts

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Sensex down 169 points as stocks decline on weak global cues

Trading got off to a dismal start on the Indian bourses this morning with investors going on a selling spree, tracking weak global cues. With stocks cutting across sectors tumbling in early trades,

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