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Question time
Here’s a mystery. How did two companies run by Reliance founder Anil Ambani manage to invest $250 million in a related company without anyone in the firm realising? And why has the UK’s financial regulator secured a conviction in a connected case, when India’s regulator merely settled? These unknowns reflect poorly on India’s already downtrodden reputation among investors. At

Railways revamps private freight terminal policy

After the tepid response to its private freight terminal (PFT) policy, the railways have revamped it. They’ve simplified the revenue sharing clause by delinking it from the wholesale price

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Mundra UMPP casts a shadow on Tata Power

The Tata Power stock corrected 5.3 per cent on Tuesday as investors turned nervous ahead of its results for the period ended March 2012. With the results coming in below expectations largely due to

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Firms take asset sale route, as going gets tough
After the acquisition spree during the ‘India Shining’ phase, home promoters are now back to investment bankers, this time to try and sell assets.

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Anil Ltd Q4 profits up 43%

Ahmedabad-based, Anil Limited has registered 43.64 per cent rise in the consolidated net profit for the fourth quarter ended March 31, 2012 at Rs 14.45 crore, against Rs 10.06 crore in the

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Anil Ltd net profit up 43.64%
Agro and food processing major Anil Limited reported a 43.64% jump in net profit and a 34% increase in total income for the fourth quarter (Q4) ended March 31, 2012.

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