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Uttam Galva hits upper circuit on open offer
The stock price of Uttam Galva Steels today hit the upper circuit on the stock exchange after ArcelorMittal, the largest steel maker in the world, said it would make an open offer to buy an additional 29.4 per cent stake in the company from the public at Rs 120 a share.

Tata Motors sales jump 77% in January
Automaker Tata Motors today reported 77.30 per cent jump in its total sales during January at 65,478 units.

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Apex court sets aside HC order on Paradip Port
The Supreme Court today set aside the Orissa High Court’s interim order that restrained the Paradip Port Trust (PPT) from reinviting financial bids from the short-listed bidders for developing a coal berth.
International Business

CM hits back at Gowda over BMIC

Chief minister B S Yeddyurappa has said that H D Deve Gowda has no locus standi to criticise the Bangalore-Mysore Infrastructure Corridor (BMIC) project as it was he as chief minister who had cleared allotment of land at a lower price and had even signed an agreement accepting the clause that courts in London would have jurisdiction on dispute redressal. - K"taka clears ArcelorMittal, Posco"s investment proposals - Sugar mills get a bitter taste over power tariff - Farmers threaten to agitate against land acquisition - CM to meet PM on water project - Karna CM holds talks with dissident MLAs - "I have committed several mistakes" “My government has not signed these agreements,” he said, rejecting the reservations expressed by Gowda on the project, on which the former Prime Minister has moved the Supreme Court. The response of ministers and his party legislators was “good” at yesterday’s Legislature party meeting, where it was decided that all should work unitedly to implement development works, he said. Besides, the chief minister has promised to present a “pro-people” Budget this March and to review progress of implementation of the proposals in the 2009-10 Budget in two-three days.


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