In the two weeks since the terror attacks in Mumbai, most of the large Indian business groups in the city have been conspicuous by their absence in offering help to terror victims.
Sources familiar with the developments said the government will file an application in the Bombay High Court by the end of December or early January. RIL on its part has already appealed against the order.
Additional solicitor general Mohan Parasaran talks about the logic behind withdrawing the government affidavit in the RIL-RNRL gas dispute in the Bombay high court.
GE Shipping, the country's largest private sector shipping company, is bringing down its exposure to the dry bulk segment to withstand the 93 per cent downfall in freight rate for such vessels.
In addition to that, an increasing number of airlines like SpiceJet, national carrier Air India and GoAir are either getting into hedging of aviation turbine fuel or increasing the quantum of ATF hedged on the MCX. Last month, state-run Indian Oil Corporation approached MCX to provide it with a platform to hedge its refinery margins and end products from crude oil.
Anil Ambani-promoted Reliance Natural Resources has filed an affidavit in the Bombay High Court in the case involving Reliance Industries, refuting the petroleum ministry's stand that the government-approved price of $4.2/million metric British thermal unit (mmBtu) is the selling price of gas.
On the back of a global meltdown, big-ticket firms may not be flocking at the premier Indian Institute of Technology campuses. IITians, however, have not lost all hope. Many are looking at start-ups for their first jobs.
In a wide-ranging interview with Abhineet Kumar, SCI chairman and managing director S Hajara discusses the problems facing the shipping industry.
Hotel tariffs have dropped by as much as 20 per cent after last week's terrorist attacks on Mumbai that forced international tourists to cancel travel plans.
The trickle has begun and could turn into a flood. At least 15 per cent of overseas visitors have cancelled their tour plans to India following terrorist attacks on key locations in Mumbai, tour operators said. The attacks claimed nearly 200 lives and injured more than 300.
Revenues from management development programmes expected to slow during the next quarters. On an average, MDPs contribute around 35 per cent to the revenue stream for B-schools. With companies tightening their purse strings, B-schools could see a direct impact on their revenue stream. Companies have confirmed that they are cutting down spending on training programmes.
Indian shipping companies' reluctance to take piracy insurance is probably linked to sky-rocketing costs. According to the site of London-based corporate security firm BGN Risk, piracy in the Gulf of Aden could increase insurance and transport costs by $400 million. Special risk insurance for crossing the Gulf has soared from $500 a voyage last year to $20,000 now, the company said.
Consolidating on its 500-year-old legacy of providing quality education, The Society of Jesus (SJ) (popularly known as Jesuits) has applied for a Central University status with the Ministry of Human Resource Development (MHRD).
UK, Australia numbers could pick up instead.
Travelport has decided to make holidaying an over-the-counter experience, where the customer can plan his travel. It will launch about 150-200 travel solution shops by tying up with malls, multiplexes and retail chains. Online travel company Cleartrip.com tied up with the Indian Railway and Catering and Tourism Corporation in September. SOTC plans to hold a six-day long Great Holiday Bazaar across all its outlets from November 3-8, with discounts between 4 and 20 per cent.
With recession threat looming large, Indian corporate houses may be forced to rethink their projects, which have been stalled following problems in land acquisitions, industry analysts said.
A refiner embarking on an alternative fuel strategy may end up selling bottled water to quench the thirst of millions.
Wary of the times ahead in the job market, business schools are working on a risk-minimisation strategy and looking at doubling the pool of companies on the campus for the summer placements scheduled in November this year.
State power boards incur fixed cost of Rs 3,500 crore (Rs 35 billion). About 5,000 Mw of gas-based electricity generation capacity, built at a cost of about Rs 20,000 crore (Rs 200 billion), is lying idle due to the shortage of gas in the country.
It's time for the famous B-school fests. But the zing is somewhat missing this time.
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