IOC net drops 31.4 pc in Q2 despite higher sales
FACED with lower retail margins, Indian Oil Corporation has recorded a 31.4 per cent decline in net profit during the second quarter of the current fiscal as compared with the corresponding period in the previous year. The drop in profits ...
IOC: Sliding sharply on subsidy
IT has been a rather sharp slide in the performance of Indian Oil Corporation in the second quarter of 2004-05. Given that retail prices of transportation fuels were not revised enough upwards to reflect the jump in global oil prices, a fall ...
NTPC gets coal block for captive consumption
AFTER two years of negotiations, the National Thermal Power Corporation (NTPC) has finally been awarded a coal-mining block for captive consumption by the Union Coal Ministry. With NTPC's aggressive capacity expansion programme based on new ...
Subrata Roy enters elite club with Boeing
THE club of the rich and the famous who hop into their own aircraft and fly around the world for business or pleasure has another member. Mr Subrata Roy, Managing Worker and Chairman of the Sahara Group, has joined this exclusive list. A ...
Buoyancy in profit growth continues for corporates
THE story of buoyancy in profit growth continued for the corporate sector in the quarter ended September 2004. In aggregate terms, reported after-tax profits of 350 companies increased by 32 per cent. These 350 companies, including banks, ...
AI to approach Centre soon with revised acquisition scheme
AIR India will approach the Centre next month with a revised and enhanced proposal for acquiring aircraft to put two priority projects on course - flying non-stop to the US and launching Air India Express, the budget airline. Speaking to ...
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