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SAIL upbeat on demand after Q4 profit beat
Steel Authority of India Ltd ( SAIL ), the country's largest domestic steel producer, is optimistic about demand prospects after beating market estimates with a 3 percent rise in quarterly profit. The state-run steelmaker posted a 12 percent jump in quarterly sales, mainly helped by higher prices in India's fast growing steel market. But high raw material costs and losses due to foreign exchange

Rupee snaps three-day rally; oil buying hurts

The rupee dropped on Tuesday, snapping a three-day winning streak, as strong dollar demand from oil firms to meet month-end import commitments and a pullback in domestic shares from the day's highs

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India gold price rise keeps buyers at bay

Gold demand at Indian spot market remained subdued on Tuesday, hammered by a rise in prices due to firm overseas markets and a weak rupee, just ahead of the lean buying season. * The most-active

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Tata Motors says China to be No. 2 market for JLR

Tata Motors said China will be the second-biggest market for its Jaguar Land Rover (JLR) cars in the current fiscal year that began April 1. China has been the major driver of profits, JLR's chief

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Opera would cost Facebook over $1 bln-analysts

Opera Software would cost Facebook over $1 billion as competition from Google and others could push up the price tag, analysts said on Tuesday, as takeover talk pushed the shares up as much as 26

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BSE Sensex ends off highs; tech gains

The BSE Sensex gave up most gains to end marginally higher on Tuesday, ahead of derivatives expiry and a crucial GDP data later in the week. A fall in the rupee, after three sessions of gains, also

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