'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
As crude oil prices set new records, the government-owned oil companies are working on a multi-pronged strategy to cut costs and stave off an impending crises. IOC, which is the country's largest company by sales, is cutting inventories, processing more sour crude oil which is cheaper and increasing refinery utilisation.
The payout declined to 22 per cent in 2007-08 from more than 24 per cent in each of the last four years, an analysis of the 657 companies, which announced dividends in the financial year ended March, showed. The sample is from the list of 2,000 companies, which have declared results, though only 657 companies announced dividends as of June 6.
India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.
What has changed to make our team so much more lethal, asks Aakar Patel.
We pay homage to Bhanu Athaiya by celebrating her best creations.
The colour has been rendered to activities that would have astonished Swami Vivekananda, says Sunanda K Datta Ray.
TCS, Infy, Wipro among those that have bagged a five-year deal.
It may get a little confusing to take your pick when the menu has so many options, so we try to clear things out with a list of enthusiast bikes
"We will be guided by our national interest," he said.
'Having refined carbohydrates -- such as maida -- in excess is not really healthy.'
Veterans recall they haven't seen gold falling for 3 years in a row.
The Indian men's hockey team has started their training session in Auckland for the upcoming series, which commences on October 2. The series is in preparation for the Hero Hockey World League Final 2015.
UK-based metals major Vedanta Resources came under more pressure as it was revealed on Tuesday that one of its group companies, Balco, is a supplier of refined aluminum to the Indian defence sector. This information is now being used by human rights campaigners to urge investors like the Church of England to divest from Vedanta Resources to keep in line with the church's policy of not investing in companies that are involved in any way in armament production.
A bonus is given to existing stockholders in proportion to the number of shares they already hold.
The ministry has also asked that the cap of such borrowings is to be set at $500 million (Rs 3,450 crore) for a single company and $1 billion (Rs 6,900 crore) for the entire sector.
Mukherjee said country's institutions must become magnets for talent by shifting from "brain drain" to "brain rain"
The rupee closed marginally stronger against the dollar on Wednesday.
For instance, Indian Oil Corporation, the nation's biggest marketer and refiner, doubled its R&D spend from Rs 30 crore to Rs 60 crore (Rs 600 million) this year. The company is conducting research in areas like biodegradable lubricants and oil refining technology. The company will shortly commission a pilot at its Faridabad centre, where it will install technology for coal gassification and production of ethanol from biomass.
There can be no serious argument for not having an independent regulator in every sector. Regulators in a sector are akin to independent directors on the board of a company who ensure that the game is played by some rules.
The Left-leaning trade union CITU on Tuesday condemned the high-powered B K Chaturvedi Committee's call for raising fuel prices every month till they are in line with costs saying the panels' report should be outrightly rejected.
Christmas recipes from Masterchef Pankaj Bhadouria.
India, the world's fourth-biggest oil consumer, recently offered Saudi Aramco a stake in refineries and petrochemical projects.
On an average most commodities are up between 20-30 per cent compared to a year ago levels.
The Bureau of Indian Standards has certified 33 hallmarking centres in the country to act as collection and purity testing centres for the gold monetisation scheme.
The production in Maharashtra is pegged higher at 11-11.5 million tonnes against 10.71 million tonnes
It depends: on what it's made with and how it's made, says Dhruv Gupta of Fitho
'If people are not cooperating and do not follow policies laid down by the government or follow scientific infection control management, then all will be lost.'
State owned refiner Indian Oil Corporation has proposed merger of its subsidiaries Indian Oil Blending Ltd, IBP Co Ltd, Bongaigaon Refinery and Petrochemicals Ltd and Chennai Petroleum Corp Ltd with itself, Petroleum Minister Mani Shankar Aiyar said
State-run oil refiners are likely to report profits on daily sale of petrol, diesel, cooking gas and kerosene in the fortnight ending December 31, after average crude oil prices have been nearly 3 per cent lower and the rupee has appreciated 3.2 per cent compared with the first fortnight of this month.
"The downgrade would mean they would have no buyers for their debt papers. It would also impact borrowing from overseas banks," said a Mumbai-based analyst.
However, the state-run oil marketing company a couple of months back had re-phased the project comprising the refinery and a petro-chemical complex in view of escalating cost. Both the refinery and the petro-chemical complex at Paradeep were earlier estimated to cost Rs 26,000 crore (Rs 260 billion). But the cost has now gone up to about Rs 45,000 crore (Rs 450 billion).
Despite the premium, the Suzuki Gixxer SF feels worth every penny making it our winner in this comparison against Yamaha Fazer and Bajaj Pulsar Adventure Sport 150
The proposed chemical plant will use 2,50,000 tons of naphtha produced by IOC's Barauni refinery and the natural gas that GAIL plans to bring from eastern offshore and imported LNG through the planned Jagdishpur-Haldia pipeline. The two firms by the fiscal year would prepare a techno-economic feasibility study for the unit that would take up to five years for construction.
Sterlite Industies (India) on Saturday inked a definitive agreement to acquire the operating assets of Tucson-based Asarco LLC for $2.6 billion in cash, the largest buying abroad by an Indian company this year.Asarco, formerly known as American Smelting and Refining Company, is an over 100-year old company and is currently the third largest copper producer in the US.
Indian Oil Corporation (IOC), the country's largest oil refiner and marketing company, is looking to cut operating costs in order to offset the daily loss of Rs 150 crore (Rs 1.5 billion) due to selling petroleum products at subsidised rates.
The Ambanis are the only Indian family on the top 10 richest families list in Asia.
Oil Minister M Veerappa Moily has suggested pricking the ballooning oil bill with everything from a street theatre campaign encouraging lower fuel use, to shutting fuel stations, to increasing imports from Iran.
It looks good, is comfortable, spacious, very refined and there are plenty of features on offer. It is also the player in its segment to be offered with a petrol engine.
'Tragically, compassion is in short supply in our ancient capital city, as the horrific violence in recent weeks testified,' points out Ambassador M K Bhadrakumar.
