Murthy met Delhi Chief Minister Arvind Kejriwal last week.
Analysis of the results for the 2008-09 financial year, done by the Business Standard Research Bureau for over 1,200 companies, suggests that companies across a range of sectors continue to do badly, with stagnant or declining sales and with profit margins under continuing pressure.
The main reason was that CPI inflation would likely remain below 4 per cent till July.
While a little more than 140 penny stocks have doubled in value, 555 have given negative returns in the past year. Of these, 84 shed more than half their value.
Corporate India will have to shell out an additional Rs 21,000 crore (Rs 210 billion) if the 2010-11 Budget increases the excise duty by 2 per cent.
Numbers collated by the Business Standard Research Bureau show that in the last three years, leading cement manufacturers have multiplied their nine-month profits manifold and mining and paper companies have more than doubled it.
The poor performance of the corporate sector in the current financial year is reflected in the fact that the number of sectors posting net losses has more than doubled quarter-on-quarter -- from seven in the first quarter to 15 in second to 37 in the third quarter.
Profit motives shouldn't override national interests, said BJP leader at the Business Standard annual awards function. Though he did not name Ranbaxy, the signal from the Bharatiya Janata Party's prime ministerial candidate was clear.
He said this in his keynote address at the Business Standard Open Sky Summit 2008 held here today. Airport charges in India are 50-60 per cent higher than global airport charges and account for over 12 per cent of an airline's cost. Patel, however, added that his ministry has not yet initiated any talks with airports on this issue.
The carriers are scoffing at making the life of their competitors 'easier.
The combined entity is set to be the third largest bank in India, behind State Bank of India and ICICI Bank.
The Cabinet Committee on Economic Affairs will discuss the proposal to lift the ban on state-owned companies from investing in mutual funds in its weekly meeting on Thursday.
The US on Tuesday said it was in favour of eliminating all trade distorting agricultural subsidies. However, it expressed disagreement with the Indian stand of protecting almost the entire agricultural market.
The i10 managed to impress the Business Standard Motoring jury across various counts, including build quality, ride, handling, driveability, comfort and safety features. A compelling price tag and above average fuel efficiency further clinched the deal for Hyundai's made-in-India car for the world.
The challenge for banks is to facilitate transactions among people who are part of the informal and cash-oriented economy.
J M Mutual Fund's chief investment officer (equity) speaks about his stock picking strategies. He says he is a firm believer in focusing on companies than on sectors.
According to analysts, IT firms like Infosys, TCS and HCL Technologies are likely to benefit the most on account of larger US exposures and dollar billing.
A shortage of pilots and cabin crew is one reason for flight delays.
Flipkart, Amazon, too, under radar
Wipro Chairman Azim Premji remains India's wealthiest billionaire. Premji has added Rs 9,346 crore to his wealth this year, taking his net worth to Rs 41,888 crore.
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