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Administration officials said on Tuesday that the U. S. Interior Department unit tasked with overseeing offshore drilling will be split into two entities.

The Christian Science Monitor has reported that Interior Secretary Ken Salazar announced Tuesday a proposal to split the Minerals Management Service, separating its policing and royalty-collection duties.

Technical Analyst Kiran Jadhav has maintained 'hold' rating on Unitech Ltd stock with targets of Rs 139 and 150.

Keep trailing stop loss below Rs 66, Mr. Jadhav said.

Today, the shares of the company opened at Rs 80 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 118.35 and a low of Rs 47 on BSE.

Current EPS & P/E ratio stood at 3.31 and 23.18 respectively.

It has been reported that a rally in crude oil prices slipped Tuesday, as equity markets in Asia and Europe turned south, pulling the price of crude to less than $76 a barrel.

According to the reports, equities made strong gains Monday after European leaders announced a $957 billion package to shore up the euro. But investor confidence waned quickly. The Nikkei 225 index in Japan dropped 1.14 percent Tuesday. Stocks, in midday trading, were down in Germany, Britain and France.

The country's industrial production witnessed an increase of 13.5% in the month of March, taking the total growth for 2009-10 to 10.4%.

According to reports, the industrial production surged regardless of withdrawal of fiscal stimuli packages and the monetary plan stiffening.

The Index of Industrial Production (IIP) grew 0.3% during March 2009 and 2.8% in the whole of 2008-09.

The facts issued by the ministry of statistics and programme implementation indicated that the total production yield increased by 14.35 during the month of March.

Technical Analyst Kunal Saraogi has maintained 'hold' rating on Bata India Ltd stock with a stop loss of Rs 248.

Today, the shares of the company opened at Rs 262.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 303.35 and a low of Rs 116.80 on BSE.

Current EPS & P/E ratio stood at 11.10 and 24.51 respectively.

Bata India announced that it has reconstituted its deals with the Calcutta Metropolitan Group with which it has signed JV contract to strengthen its riverside properties in WB.

According to the reports, U. S. markets turned lower in late trading, closing mixed after China released inflation figures that indicate the government may choose to slow growth.

Bill Quinn, chairman of American Beacon Advisors told The Wall Street Journal that with real estate prices up 12.8 percent in April, "it's inevitable that they've got to tighten a little more to keep their economy in line."