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Paulson takes Citigroup stake, sells Goldman Sachs shares
John Paulson disclosed that his hedge-fund group acquired 300 million shares of Citigroup during the third quarter, while selling its entire stake of Goldman Sachs Group Inc.

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Rajaratnam pleads not guilty to insider trading
Sri Lankan Tamil-origin billionaire Raj Rajaratnam has pleaded not guilty before a court here to running an insider trading scam that allegedly racked upto $21 million in profits, the biggest such case in the US.

News of the day

Govt to transfer mgmt control of 3 sick units to RINL
In its efforts to revive ailing public sector units under the steel ministry, the government today decided to hand over management control of three sick units to steel major Rashtriya Ispat Nigam (RINL).
Management

MRF Dec quarter net at Rs 119.41 cr

Leading tyre maker MRF today posted a net profit of Rs 119.41 crore for the quarter ended December 31. - Canara Bank Q3 profit zooms 50% to Rs 1,052.58 cr - HPCL net profit at Rs 31.4 crore - BoB net jumps 17.5% - BoB Q3 profit up 18% on strong growth in fee-income - Jyothy Labs Q3 net up 25% at Rs 17 cr - Nalco Q3 profit drops 29% to Rs 155 cr The company had a net loss of Rs 38.30 crore for the same period corresponding fiscal, MRF said in a filing to the Bombay Stock Exchange (BSE). Net sales stood at Rs 1,653.84 crore for the latest quarter while the same was Rs 1,351.30 crore during the corresponding fiscal. Shares of MRF were trading at Rs 5,825 on BSE, up 2.50 per cent from its previous close.


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