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UP sugar mills to start crushing soon to recover losses

Despite uncertainties over cane pricing, sugar mills in Uttar Pradesh plan to commence crushing as early as possible, in order to avoid any recovery loss which may impact their operating performance.

Tata Steel sales up 38% in Oct

Tata Steel, the world’s sixth largest steelmaker, said on Friday steel sales at its Indian operations jumped 38 per cent in October to 462,000 tonnes, compared to same period last year. The Indian operations contribute about a quarter of the group’s total annual global capacity of 30 million tonne, which includes Corus, Europe’s second-largest steel maker. Saleable steel production in October rose by 27 per cent from a year earlier to 570,000 tonne and crude steel production gained 22 per cent to 599,000 tonne, the company said.

Yahoo! logins into black; posts $153 mn Q4 profit

Internet giant Yahoo! has posted a profit of $153 million (Rs 693 crore) in the quarter ended December 2009 on the back of improving advertising market.