Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

RBS to get virtually nationalised; govt to hike stake to 84%
The British government is planning to pump in an additional capital of up to 19 billion pound into the Royal Bank of Scotland (RBS) and hike its stake to as much as 84 per cent, a move that would virtually nationalise the bank.

Sensex may be on course to 18k
The Sensex ended the holiday-shortened week by gaining 442 points due to the prevailing positive sentiment. While the index touched a fresh 16-month high of 17,196, it also reclaimed the 17,000-mark for two consecutive days on a closing basis. It finally ended the three-day week at 17,135.

News of the day

Strike against CBI report in Shopian case hits valley
Normal life was paralysed across the Kashmir Valley today due to a strike called by a local outfit to protest the CBI report in the Shopian case even as authorities placed top Hurriyat leaders under house arrest as a precautionary measure.
Online Business

Oil India net profit up 23%

Oil India Ltd (OIL), the country’s second-largest state-owned explorer, has posted a 23 per cent increase in net profit for the quarter ended December 2009 on the back of higher price realisation due to a reduced subsidy outgo. - S Kumars Nationwide Q3 net up 78% to Rs 67 cr - OIL willing to take over ONGC"s Assam oilfields - Gammon India Q3 PAT at Rs 21 cr - Oil India willing to take over ONGC"s Assam oilfields - IOC fears Rs 12,000-cr loss in "09-10 - Unitech net climbs 29% The company recorded a net profit of Rs 717.2 crore, compared to Rs 580.8 crore in the corresponding quarter last year. It received $58.7 per barrel for its crude oil production after paying a fuel subsidy of $15.1 per barrel in the quarter. The company’s realisation was $37.4 in the same quarter last year after accounting for a subsidy of $16.7 per barrel. “Our fuel subsidy outgo has declined by 10.9 per cent to Rs 467 crore in the third quarter, against Rs 524 crore in the same quarter last year. Also, we have been helped by a higher growth in oil and gas production,” said N M Borah, chairman and managing director of the company, at a press conference to announce the company’s third-quarter results. The company’s crude oil production rose by 3.7 per cent to 0.91 million tonnes in the three months ended December. Gas production was up 9 per cent to 0.6 billion cubic metre in the same period. Bohra also informed that the company was seeking to acquire production and exploration assets abroad.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009