Kalyani Forge is partially closing hot forging division, metal form division and precision autocomp division, from November 26 to November 28, on account of reduced demand from the market.

Gujarat State Petroleum Corporation (GSPC) has struck oil in one of its onshore wells in Ankleshwar,

Terrorists killed at least 80 people, seized hostages and bombed the Taj Mahal Hotel in the center of the financial capital of India, Mumbai, on November 26th night. At least five grenades were reportedly set off in the Taj, where terrorists were said to have specifically sought out guests with U.S., U.K. or other Western passports.

SAIL announced that the current economic disaster will not obstruct its ongoing expansion plan. In four years, SAIL plans to invest Rs 540 billion in expanding the saleable steel production from 13 million tons to 24.5 million tons. The expansion will entail an investment of Rs 540 billion with a debt-equity ratio of 1:1.

India has failed to meet its intended production target for oil and gas in August and September due to Reliance Industries` (RIL) delay in commercial production at its prosperous Krishna Godavari basin,