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Tata Steel says India Sept-qtr sales down 1 pct y/y

Tata Steel sees India sales rising, Europe volatile
Tata Steel, the world's No. 7 steelmaker, expects demand recovery in its key European market to be volatile, but is hopeful the situation may improve in the second half of the coming fiscal year that begins in April, a top official said. The company, which operates two-thirds of its global capacity in Europe, on Thursday posted its first quarterly loss in more than two years, as prices there fell

Govt approval eludes insurance sector
At a time when the finance ministry is taking pro-active steps to smoothen the process of top-level appointments in banks, the insurance sector senses no chance of such a reform.

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D K Mittal on RBI central board

The government has nominated department of financial services Secretary D K Mittal on the board of directors of the Reserve Bank of India (RBI), taking the number of government nominees on the

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Markets nervous as Greek crisis talks continue

Stocks were trading lower on Tuesday as talks dragged on in Greece to agree the terms of a second bailout — and avoid looming bankruptcy — despite intense pressure from the country's

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ArcelorMittal posts $1 billion loss in Q4

Steel maker ArcelorMittal was cautiously optimistic about its near-term prospects even after it reported a heavy fourth quarter loss generated by a deteriorating European economy and big tax and

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ArcelorMittal sees H1 pick-up after weak end to 2011

ArcelorMittal, the world's largest steelmaker, forecast on Tuesday an improvement of earnings in the first half of 2012 after a weak end to last year, with a pick-up of steel shipments and further

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