US economy & markets: Treading sideways
Mumbai: Uncertainty continues to dog the US stock market. Last week, the Dow Jones Industrial Average slid rapidly below 7,200 and then roared back to nearly 7,900 on Monday in a jump of almost 700 points in three trading days.
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Grasim's open offer for L&T
Mumbai: The open offer for Larsen & Toubro should see Grasim Industries well and truly in the driver's seat as far as `control' goes. The stance of the financial institutions may not count for much in this exercise as they may not be able to demand 100 per cent open offer coverage of the Raasi Cements' kind.
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Aluminium stocks on Indian bourses decline on LME cue
Mumbai: Poor showing by aluminium and other non-ferrous metals at the London Metals Exchange has taken a toll on traditionally firm stocks like Hindalco Industries, while another aluminium manufacturer Nalco has held ground on the bourses, because of the impending disinvestment.
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Securities scam probe by JPC
New Delhi: The JPC is trying to figure out whether the Finance Ministry took any step against such misuse through OCBs when the Mauritius authorities had declared in 1997 that they were ready to cooperate on the issue.
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