NATIONAL 'Oil giant' ONGC best PSU, Fertiliser Corp worst Oil giant ONGC (Oil and Natural Gas Corp) has emerged as the top performer among public enterprises, registering a net profit of Rs 10,529 crore in 2002-03, while Fertiliser Corporation earned the dubious distinction of topping the loss making undertakings with a net loss of Rs 1,166 crore.
Efforts on to relieve consumer of erratic fuel prices In a clear move to protect consumers from hardening global oil prices, the Government will announce by June 15 a new pricing policy for petrol, diesel and LPG that may include lower duties and targeted subsidies.
Sensex closes fractionally higher at 4963.75 pts The Sensex managed to end in positive terrain with a marginal rise of 1.12 points at 4963.75 at the Bombay Stock Exchange (BSE) today (June 9, 2004), displaying a narrowly mixed trend in range-bound trade, but maintained the relatively firm trend to the fourth straight session.
Central PSUs record 23 per cent jump in net profit Central public sector enterprises recorded a 23 per cent growth in net profit at Rs 32,144 crore during 2002-03, largely on account of strong performance by oil and power companies.
'BPO firms' price wars will hurt competitiveness' Wipro Spectramind Chairman and CEO Raman Roy today (June 9, 2004) cautioned that price wars between BPO (business process outsourcing) firms will hurt the Indian industry competitiveness in the long run.
BPO industry urges Govt to improve infrastructure The two-day Nasscom India ITeS-BPO Strategy Summit 2004 started today (June 9, 2004) with industry leaders urging the Government to improve power, roads and communications that were hampering the growth of the $ 3.6 billion industry.
India to press for greater market access at WTO India today (June 8, 2004) said it would press for greater market access and forge its alliance with G-20 developing countries to protect the interest of agriculture and livelihood concerns of farmers.
Atmosphere conducive for FDI in India: Kamal Nath Asserting that the UPA (United Progressive Alliance) Government will carry forward the reforms process, Union Commerce and Industry Minister Kamal Nath has said privatisation with a "human face" will be the new mantra even as he welcomed foreign direct investment (FDI) into the country.
Shell to shift IT jobs to India and Malaysia In order to improve quality and save $ 850 million annually beginning in 2008, Shell Oil Co is cutting 600 to 800 Information Technology jobs in the United States and offshoring most of these jobs to India and Malaysia.
