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Lima: A strong earthquake shook coast of Peru near the capital. 17 are feared dead as it tumbled buildings and caused hundreds to flee office buildings in Lima. A tsunami warning was issued for South America’s Pacific coast.  

A church in city of Ica, south of Lime toppled killing 17 people and injuring 70, according to cable new station Canal.  

US Geological Survey said the 7.5 magnitude earthquake hit about 145 km southeast of Lima at a depth of about 41 km. The quake toppled houses and caused panic in capital.

In a bid, Japan`s central bank pumped-up 400 billion yen into money markets to control an advancement in short-term interest rates accompanying immense withdrawals in the last two days.

This is the bank’s third activity in the last 7 days amongst international concerns about US mortgages crisis.

Today, Tata Steel is hovering near 606, down Rs 35.2, or 5.49% in morning trades.

Washington: The United States has elucidated that the civilian nuclear transaction with India will be “ceased” in the event of an atomic test by New Delhi.

Portfolio Manager, PN Vijay suggests investors to purchase Bharti Airtel, State Bank of India, SBI, Reliance Industries with a 6-12 month outlook.

New Delhi: The state-owned Steel Authority of India Ltd (SAIL) signed up a contract with Korean steel manufacturer POSCO to set up a strategic alliance for aligning and collaborating with one another in a broad range of strategic business and profitable arenas.