The net profit of SAIL jumped by 40 per cent for the fourth quarter due to better realisation on pick-up in demand.
The company posted a net profit of Rs 2,085 crore and sales turnover of Rs 11,955 crore during the quarter.

Friday was a day of mixed experiences for the world’s two leading steel makers — Tata Steel and Pohang Steel Company (Posco) of South Korea.
Tata Steel, laid the foundation stone for its proposed six-million-tonne project at Orissa’s Kalinga Nagar plant at Ambagadia after a five-year long battle.

Just days after it acquired a majority stake in electric car maker Reva, utility vehicle and tractor major Mahindra and Mahindra (M&M) is on the hunt again. It is reportedly bidding for Ssangyong Motor Company, South Korea’s fourth largest auto firm — which is struggling with bankruptcy. Kolkata based Ruia Group, which owns Dunlop, is also in the fray for Ssangyong.

Less than a week after the two Ambani siblings scrapped the non-compete agreement between the two groups, rumours of Reliance Industries Ltd’s next foray have started doing the rounds. If the rumours are true, RIL and Bharti may perhaps form a strong fit.

Star Phoenix is expected to win the Silver Dale Plate, the main event of the races to be held here on Saturday.
Moon Emperor and Dancer’s Wave can upset.

Jaya Bachchan has turned down the Samajwadi Party ticket for the Rajya Sabha from Uttar Pradesh. SP spokesman Mohan Singh will now be the candidate for the Rajya Sabha seat.

Sunspirit, Supremacy and Allez Vite impressed when the following horses were exercised on the trial track here on Friday.
Outer sand:

Education ministers of Uttar Pradesh, Bihar and West Bengal met Union HRD minister Kapil Sibal on Friday and demanded additional funds from the Centre to implement the Right to Education Act.

Jagdish Singh Dhariwal-trained ultra consistent performer, Angelfire, holds an edge over others to win the Speaker’s Cup, the feature event of the races to be held here on Saturday.

The CBSE Class 10 board result will be out today at 10 am. Students from schools affiliated with the Central Board of Secondary Education are awaiting their results with mixed feelings as they will get grades instead of marks this year.