BHUBANESWAR - The movement against South Korean steel major POSCO's $12 billion project in Orissa's Jagatsinghpur district got a boost with leaders of various political parties Tuesday announcing their support to the agitation led by the people likely to be displaced.

MUMBAI - A benchmark index for Indian equities markets surged 623 points Tuesday, a day after the presentation of the budget for 2011-12, as investor sentiment was particularly boosted by the steps to attract foreign investors, including overseas funds and mutual funds.

NEW DELHI - Industry lobby Confederation of Indian Industry (CII) Tuesday welcomed the classification of cold chain (storage) and fertiliser industry as agriculture infrastructure in the federal budget 2011-12 presented by Finance Minister Pranab Mukherjee Monday.

BANGALORE - Bosch India Ltd posted Rs.859 crore profit for calendar year 2010, registering a strong 45 percent year-on-year (YoY) growth over 2009, the Indian subsidiary of the global German automotive major said Tuesday.

NEW DELHI - A total of 286 projects in various sectors, including construction projects, are awaiting environmental clearance, Environment Minister Jairam Ramesh told parliament Tuesday.
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