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RIL-BP announce biggest ever gas discovery in KG-D6 block
The find, named 'D-55', has been notified to the government and the block oversight panel, the management committee. #Business #Reliance Industries #KG-D6 #BP #CompanyWatch
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Air India spent Rs1,803 cr on pending staff salaries
Of the Rs6,000 crore received in 2012-13, the airline spent Rs1,803 crore on pending staff salaries. #Business #air india #CompanyWatch #Staff salary
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Obama urged to push for economic reforms in India
Ahead of a crucial Indo-US Strategic Dialogue in New Delhi next month, US President Barack Obama has been encouraged to push for economic reforms in India and to address the concerns of Indian companies with regard to H-1B visas. #Barack Obama #NewsTracker #Ajay Banga #John Kerry #H-1B visas #India Business Council
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JSW Steel Q4 profit falls 62% on low sales
JSW's standalone net profit also declined by nearly 24 percent at Rs 573.23 crore during the last quarter vis-a-vis Rs 752.18 crore of Q4 of FY'12, it said in a filing to BSE. #Business #EarningsShow #JSW Steel #Q4 earnings
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iGate to face probe for possible violations of US federal security law
Bronstein, Gewirtz & Grossman, LLC, which has offices in New York and New Jersey, has said it is investigating claims on behalf of purchasers of iGate securities. #Business #NewsTracker #Phaneesh Murthy #iGate #Wells Fargo #Bronstein Gewirtz & Grossman
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Sebi, CCI concerned over Etihad's larger control over Jet, seek clarity
Abu Dhabi carrier Etihad's Rs 2,058-crore stake purchase in Jet Airways has hit a regulatory air pocket, as regulators are seeking more clarity on the deal to ensure overall competition in the aviation market is not affected and interests of public shareholders and consumers are protected. #Business #WhyNow #Jet Airways #Aviation #SEBI #CCI #Jet-Ethihad deal
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Ford to stop production in Australia, cut 1200 jobs
Ford Australia chief executive Bob Graziano made the announcement as he revealed a loss of 141 million Aus dollars ($ 136 million) after tax in the last financial year, with losses of 600 million Aus dollars over the last five years. #Business #Australia #Ford #CompanyWatch #Cars #Job cut
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Toyota looking to launch more small cars, SUVs and hybrids in India
Global car giant Toyota Motor Corporation will consider launching more small cars and entering fast growing segments like compact SUVs in order to achieve market leadership in India. #Business #CorporateStrategy #Toyota #SUVs #Prius #auto industry #India Cars #Toyota Liva
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HP's slump deepens in Q2 as earnings fall 32 percent
Hewlett-Packard's slump is deepening as the world's largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices. #Business #Technology #HP #Windows 8 #Hewlett-Packard #Microsoft Windows 8 #TechResults #HP earnings
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Tax fracas: How Apple, Amazon, Google and Vodafone exploited loopholes
European leaders met today to discuss tax policy and specifically their concerns over how a number of high-profile international companies have managed to pay next to no tax on their vast sales revenue generated in Europe. Here's a list of recent cases. #Business #Google #Apple #Tax #ListsEtc #Amazon #companies