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Chinese Premier Li Keqiang seeks trust in India as border issue continues to irk
Chinese Premier Li Keqiang is seeking to build trust with India on his first foreign trip since taking office, which comes just a few weeks after a military standoff between the Asian giants on their ill-defined border in the Himalayan mountains. Full Article | Slideshow
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SAIL falls; government seen selling stake at discount
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Reuters Market Eye - Shares in Steel Authority of India Ltd (SAIL.NS) fall 3.9 percent on worries the government's planned stake sale will have to happen at a discount to attract interest as there are concerns about the company's earnings outlook.
Citigroup last week downgraded SAIL to "sell", noting downside risks to volumes, uncertainty on wages and its dependence on the domestic market, where steel prices may not rise as much as in global markets.
The government is planning to sell a stake in SAIL and other state-run companies including NTPC Ltd (NTPC.NS) in February and March.
Dealers also speculate SAIL could post lower-than-expected margins in the October-December quarter.
(Reporting by Abhishek Vishnoi)
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