The shares of Tata Steel have increased the most in more than a week mainly due to higher alloy prices and lower input costs.

The investors believed that these factors would help compensate for the loss of from writing down inventory. The shares of the company rose 4.8 percent, which is its highest gain since 1 February to the level of Rs. 471.80 in the early morning trade this morning.

Shares of Tata steel have risen 41 percent this year, compared to a 16 percent in the benchmark, Sensex of the Bombay Stock exchange (BSE).

Mark Zuckerberg, the Chief Executive Officer and co-founder of the world's largest social networking site, Facebook has announced that the company is preparing for an Initial Public Offering (IPO).

The company is aiming to raise about $5 billion through the issue, which makes it the biggest IPO by an internet firm ever in silicon valley, even as the figure is about half of what was expected by many analysts in the market. The event will gather much interest in the Silicon Valley this year as Facebook joins many young firms in going public.

Radware has said in a new report that online group of coders called, Anonymous is to be blamed for bringing the distributed denial-of-service (DDoS) attacks to the main stream in 2011.

Anonymous had launched a series of DdoS attacks against sevetal targets in 2011 under a long running campaign called Operation Payback. The operation asked inder users to participate from around the world to cripple websites of the companies it believed were against free speech.

MPs have urged general practitioners in the country to work with the local councils to improve social care in the country for older and vulnerable people.

Members of Parliament from the health select committee has recommended creation og closer joint working between the NHS and local government for improving care in the country. They aim to address the issue of fragment health care system in the country.

Scientists have found a link between Y chromosome and risks of heart attacks in men in a new study that could help in the development of new treatments for men or help doctors find if patient is at a high risk of heart attack.

Scientists showed how the coronary heart disease (CHD) passes down the male line. They found that genetic variations on the Y chromosome increases the risk of siffering from a heart attack.

Tourism sector giant, Thomas Cook is planning to sell its stake in its Indian operations under a new programme to sell its non-core assets in order to reduce debts.

The company said that it is inviting bids for its 77.1 per cent shareholding in the Indian unit, Thomas Cook India. The UK giant's Indian company has been profitable and has recorded strong growth over the years.

Telecom service providers, Bharti Airtel's fell 2.4 percent on Thursday dropping further following a fall of 6.5 percent in the previous trading secession. The shares fell after broker houses cut their price target for the shares.

Bharti Airtel has reported a fall of 22 per cent to Rs 1,011 crore in the third quarter till December 2011. Credit Suisse said in a report that it has reduced its price target to Rs 330 from Rs 375 but maintained its rating at neutral.

According to senior government officials, the country's current account deficit might increase to the level of 3.5% of GDP in the fiscal year.

The level is the worst in eight years as exports from the country are struggling to maintain growth due to continuing global economic uncertainties. The exports grew in April to September period but exporters are finding it difficult to maintain growth due to low demand.

The finance minister of Greece has reached Brussels on Thursday is aiming to reach a new aid deal with its European partners.

The move comes after talks in the Greek government failed over the issue of reduction in pension benefits demanded by international creditors.

The Chairman of the Central Board of Direct Taxes (CBDT) said asked tax officials from around the country to improve tax collections in order to close the widening fiscal deficit.

Finance Minister Pranab Mukherjee has expressed concern over the widening fiscal deficit, huge subsidy bills as well as lower-than-targeted direct tax collections. Mr. Das wrote to top IT officials on February 1 that the Rs. 5.32 lakh crore direct tax target must be achieved.

According to a new study, the floriculture industry in India is likely to cross the mark of Rs 8,000-crore mark by 2015 after recording strong growth in the recent years.

The industry has recorded an annual growth rate (CAGR) of about 30 per cent and is estimated to be worth about Rs 3,700 crore. However, the industry only has a 0.61 per cent share in the global floriculture industry.

According to experts, Facebook, which is already the world's largest social networking company, will have to increasing focus on mobile Internet platform to maintain growth in the future.

The company must aggressive reach out to mobile phone users around the world and offer an advertising platform to generate more mobile Internet revenues.

Handset maker, Nokia and software major, Microsoft might be planning to release the new Lumia 800 smartphone through Microsoft's chain of retail stores on Valentines Day next week.

According to a report by The Verge, Nokia's new smartphone will initially be available only as a bundle and will be available fro sale on 14 February. The bundle might include Nokia Play 360 wireless speaker, a Purity HD Stereo Headset and an in-ear Bluetooth unit besides the unlocked version of the handset.

A new government campaign in England states that people who drink just over the recommended daily limit for alcohol face an increased risk of health problems.

The campaign says that those who drink two glasses of wine or two strong pints of beer a day have thrice the risk of developing mouth cancer compared to those who do not drink daily. The ads under the campaign, Change4Life urges people to reduce their drinking.

A new report has criticized the Morecambe Bay NHS Foundation Trust for not being able to provide medical service efficiently to the peple.

The repot by Monitor was critical of the trust for inadequacies in management and staffing as well as for missing patient follow-up appointments. The trust was earlier in the news after the media reported a number of deaths at Furness General Hospital's maternity unit.

An Empowered Group of Ministers (EGoM) of the central government has relaxed the norms governing the export of rice from the country. The ministers agreed to allow export of non-basmati rice up to four million tones from India and also agreed on reducing the minimum export price of basmati rice to $ 700 a tonne from $ 900 a tonne.

The relaxing of norms have been welcome by the industry firms, which believe that it will boost exports from the country. Allowing firms in the country to become suppliers again after years of regularity restrictions will boost the country's profile as a major export hub for the commodity.

Telecom service provider, Telenor has announced its decision to hike dividends to 5 Norwegian crowns from 3.8 crowns earlier as it expects its revenues and profitability to rise in the year.

The company said that it expects revenue to grow 5 percent and its profits from core business to rise for 2012. The company’s profitability was below expectations in November and December of 2011 as there was heavy discounting in the region and firms were competing to attract customers to new services.

Reliance Industries Ltd has said that it is in discussions with various aviation firms in the country to offer them with jet fuel handling services at various airports across the country.

Tushar Pania, a spokesman for the company said, “We have been approached by airlines to provide them services for handling aviation turbine fuel on their behalf at the airports.”

The government of India has been able to budge immense pressure from its western allies and has reached an agreement with Iran over how to make payments for the oil imports from the Islamic Republic.

An auto industry body has warned that the annual car sales might record a drop for the first time in ten years in the fiscal year till March 2012 as the figure had last recorded a decrease in 2002.

Vishnu Mathur, director general of the Society of Indian Automobile Manufacturers (SIAM) said that the auto industry in the country is very much affected by the level of interest rates and the central bank is unlikely to bring them down soon.