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Indian equities are likely to see a negative bias during the first half of this year and lift up afterward with the 30-share index Sensex expected to trade in a range of 16K- 20K points for 2011.

This declaration has been made by broking firms.

New Delhi, Feb 20 : Pakistani singer Rahat Fateh Ali Khan and his manager Maroof have been fine Rs. 15 lakh in connection with the recovery of undeclared foreign currency from them at the airport in Delhi on February 13.

Earlier, Directorate of Revenue Intelligence officials questioned the singer extensively to find out where the money came from and why it was not declared.

According to the sources, the money he was carrying was received for his seven performances. On the basis of information, the investigating agency carried out raids at forex dealers premises in Andheri.

New Delhi, Feb 20 : He has always played intense and serious roles, but not many know that Bollywood actor Neil Nitin Mukesh has a humorous side which he would like to explore in films. The actor is keen to do situational comedies.

"I would love to be a part of a comedy film but it is very important what type of comedy the film has to offer. I can't bang my head here and there and make people laugh," Neil told IANS on phone from Mumbai.

"I would love to be a part of a situational comedy, something like 'Hera Pheri'," he added.

Investors with a horizon of 6-12 months can consider following scripts for their investment. These companies have potential to give higher returns than index over a long term. TATA Steel has achieved its target of 708.

Corporate Highlights

Essar Energy has entered into an association with Shell’s refinery. It has been decided that Essar Energy will buy Shell’s refinery at Stanlow, on the south bank of the Manchester Ship Canal near Ellesmere Port in Cheshire.

But in case the energy company decided to back out of the acquisition, it will be liable to pay a break fee of $50 m and if Essar proceed with the buying but Shell decided not to proceed with the offer, it will be liable to pay $10m fee. Shell will be given three days time to decide whether to accept the proposal or reject it.