Oil marketing companies are bleeding to death as a result of the government's inability to raise retail prices to accommodate the huge increases in the international price of crude oil.
Its FY08 consolidated net profit was at Rs 3,282.90 crore (Rs 32.81 billion) and consolidated net sales was at Rs 20,019.50 crore (RS 200.19 billion).
New York Senator Hillary Clinton on Wednesday won crucial primaries in Ohio, Texas and Rhode Island, ending frontrunner Barack Obama's 12-win streak. Of the 370 Democratic delegates at stake, Ohio and Texas had 141 and 193 delegates up for grabs. Hillary now has 1631 delegates in her bag. A victory in Vermont earned Obama 17 more delegates, taking his tally to 1403. The magical figure for securing a Democratic nomination is 2,025.
The UK group bought a 52 per cent stake in the Indian company in May, which is now called Vodafone Essar. Mumbai-based Essar Group owns 33 per cent, with Asim Ghosh, Vodafone Essar managing director, and Indian businessman Analjit Singh owning the remaining 15 per cent.
If press freedom is not to be treated as sacrosanct when the press is critical of the government, and if the only freedom available is to be a cheer-leader, that is not press freedom at all.
Power sector stocks have recently emerged as market favourites, evoking memories of the information technology and pharmaceutical booms of a few years ago and the real estate sector more recently.
While few doubt stocks here are quoting at price-earnings ratios which are higher than those in peer countries, India's growth prospects are the key differentiator.
In November and December, FIIs pulled out $5 billion from the market, yet the Sensex settled back above the 20,000-mark.
2007 saw Indian companies actually face off with feisty global competitors.
The explanation is a simple one. When the supply of a good exceeds the demand for it, its price goes down.
Technology giant Cisco has meanwhile hired Padmasree Warrior as its chief technology officer.
Dola Banerjee created history on Saturday, clinching a gold medal at the archery World Cup final in Dubai's Medinat Amphitheatre -- an achievement unparalleled in Indian archery. The Indian archer beat Eun Young Choi of Korea 110-109 in the final.
The last decision to increase the retirement age of government employees, to 60 years, was taken in 1998, when life expectancy for the average Indian was 63 years. Another increase in the retirement age now, on grounds of improved life expectancy, is therefore quite logical. There is also a social reason for postponing the age of retirement: as youngsters study for more years, they are dependent on their parents for far longer than used to be the case.
Mallya has been able to do what most businessmen dream of: combine a personal passion with a high-value business opportunity.
A lawsuit against Vinod Gupta, CEO, InfoUSA, has accused him of wasting the company's money on high-profile guests, according to a report on the website of The New York Times.
Since families multiply much faster than the number of businesses, after a point, there just aren't enough independent firms for each member to run.
Those held back from developing their full potential within the broader family setting are able to find full rein when they operate on their own and are answerable primarily to themselves and not to family elders.
Take this financial health check up quiz and see how you fare.
Rajat Jain, managing director, Walt Disney India has decided to leave the company to pursue new opportunities after a three-year stint.
Under pressure from shareholders, Citigroup is planning to shed thousands of jobs and focus outside North America for growth, according to a report on the website of New York Times.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances