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The purchase of Corus assisted the world’s sixth biggest steel maker, Tata Steel, to record a six-fold jump in its consolidated profit after tax (PAT) at Rs 6,388 crore for its first quarter.

Tata Steel registered a consolidated profit after tax (PAT) of Rs 1,014 crore in the corresponding period of the last year (2006). The current figures showed a growth of 6.30 times, following the acquirement of Corus.

Stock analyst, KJMC Capital Markets, Anand Dama said yesterday, the security market deals in the positive though the majority of the international markets were down. The market showed lot of short covering. Despite that, political stableness also pulled the markets up.

After mid-session, stock market recovered as there were no remarks from the Left. The major buying was seen in PSU. Some buying was also seen in auto sector as auto numbers are anticipated in the coming two-three days.

Bangalore: Speedy development in various key segments has coerced the Rs 30,000-crore infr

Kashipur, Orissa: Cholera has preyed more than hundred people in Orissa’s Koraput and Rayagada districts. More than 6000 people have got treatment thus far.

The UPA and the Left political parties will assemble to take a final decision on developing a mechanism to check out headaches of the allies over the Indo-US nuclear contract.

Mumbai: Back-office Company Firstsource Solutions Ltd has adopted U.S.-based MedAssist, a leading provider of revenue cycle management in the healthcare industry for $330 million.

There would be no alteration in the organization of MedAssist and all 1,400 employees would carry on their existing duties, Firstsource said..