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Essar Steel's Hazira expansion by year end
Essar Steel’s $2.5 billion (about Rs 12,500 crore) capacity expansion project at its Hazira plant in Gujarat will be completed by the end of this calendar year.

A small-cap strategy
An investor with a wide exposure to small caps can beat the Nifty.

News of the day

The unbearable heaviness of the Nobel
Herta Müller, the new Nobel laureate in literature, has been a fierce critic of Ceausescu’s regime in Romania. She is highly regarded in Europe’s academic circles. She had received over 20 literary awards, including the IMPAC, before winning the Nobel this year. And I must confess an unliterary complaint: having read only two of her books, The Land of Green Plums and The Appointment, I have about as much enthusiasm for reading her as I do for swimming through a pool of cold porridge.
Corporate

US markets end mixed

The US markets ended on a mixed note. Dow Jones closed at 10,390, higher by one point, Nasdaq ended at 2,189, lower by four points and the S&P shed two points or 0.25% at 1,103.25. - Markets begin week in red; metals, Reliance drag Sensex - US markets end up on strong job data - US markets drop; Patni bucks trend - US markets end mixed; Mahindra Satyam surges - Markets in consolidation mode - US markets ended on a positive note; Dow Jones up 1% Among the Indian ADRs, MTNL ended at $3.11, weaker by $0.15 or 4.6%, Tata Communication closed at $15.53, weaker by $1.23 or 7.34% and Sterlite shut at $18.31, lower by $0.69 or 3.63%. Sterlite, however, closed marginally in the positive at $4.85, up $0.01 points or 0.21% and Patni Computers shut at $20.03, up $0.11 or 0.55%.


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