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Tata Steel net dips 50% to Rs 903 cr
Tata Steel"s net profit dipped 49.4 per cent to Rs 902.94 crore in the second quarter of 2009 compared to Rs 1787.81 crore in the quarter ended September 30, 2008. Its total income plunged 18.23 per cent from Rs 7054.33 crore for the quarter ended September 30, 2008 to Rs 5768.16 crore for the quarter ended September 30, 2009.

The move is appropriate and adequate, says govt
Even as some sections of industry found the 75 basis points (bps) increase in the cash reserve ratio (CRR) more than expected, the government commended the Reserve Bank of India (RBI) for the “right move” and said it would not result in an immediate increase in interest rates. It said the Reserve Bank had aptly acknowledged the need for paying attention to inflation as well as growth.

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Essar Oil soars on hopes of Shell refinery buy
The stock finally ended at Rs 135 after touching a high of Rs 136. The counter clocked volumes of 1.10 million shares on the BSE as compared to the the two-week daily average traded volumes of 1.17 million shares on the BSE.
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Smartinvestor Special: PSU stocks as an investment theme

J Venkatesan, Fund Manager, Sundaram BNP Paribas MF spoke with Jitendra Gupta about PSU stocks as an investment theme. Why do you think that PSU stocks can be an investment theme? What we are seeing is that the process of disinvestment changes the attitude of the owner, namely the government and the management and also improves the functioning of the companies because of what we call as ‘searchlight effect’. The reasons to play the theme are more to do with what we explained earlier. Visit Smartinvestor.in for the detail interview: PSU stocks as an investment theme


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