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Madhucon hits upper limit on Rs 196 cr order
The stock was locked ta the same upper circuit with buy orders of 22,895 shares pending. Around 4,319 shares were traded on the BSE today.

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Steel PSUs' budgetary estimates may be inflated: Panel
A parliamentary panel has rapped the steel ministry for under-utilisation of funds by Public Sector Undertakings (PSUs) like SAIL and RINL, and said the Budgetary Estimates (BE) may be “inflated”.

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IIFCL meets today to decide on Rs 10k cr unused fund
The board of India Infrastructure Finance Company Ltd (IIFCL) is meeting tomorrow to look at ways to create demand for the Rs 10,000 crore that it had raised earlier this year to refinance highways and port projects. The New Delhi-based financial institution has not received a single proposal for the fund.
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Tata Steel cuts prices of flat products by 4%

Tata Steel has reduced flat steel products prices 4 per cent on account of a weakening global trend. The new prices will be effective November 1. Prices of long products will remain unchanged. - ArcelorMittal in talks with Jharkhand for Chiria mines - Tata Steel to revive production capacity at Corus - Tata Steel cuts prices of steel products - BOC India to invest Rs 600 cr in Tata Steel - Tata Steel net profit falls 49% on lower price - Tata Steel: Satisfactory performance Other steel makers, including Steel Authority of India, Essar, Ispat Industries and JSW Steel, lowered flat steel product prices on Tuesday 3 per cent to 5 per cent (up to Rs 1,500 a tonne). “We have cut prices of our flat steel products. The reduction is in the the same range as other steel makers,” Tata Steel MD HM Nerurkar told reporters in New Delhi. Earlier in September, steel companies had increased prices by up to Rs 1,500 a tonne. On Wednesday, metal indices were up 5.36 per cent on Bombay Stock. Tata Steel stock rose 5.33 per cent and closed at Rs 469.35


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