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Essar Oil owes $2bln to Iran, to buy LatAm crude

Essar Oil slips into net loss after tax provision
Essar Oil on Friday announced it would raise Rs 3,000 crore of fresh equity through issue of preferential shares or a rights issue. The company also reported a net loss of Rs 3,990 crore for the third quarter ending December 2011, after making a Rs 4,015 crore provision towards deferred sales tax. Lower crude throughput and a weak refinery margin contributed. The company's profit for the same period

India set to produce record wheat output in 2012 - Pawar

India is set to produce a record 88.31 million tonnes of wheat in 2012, Farm Minister Sharad Pawar said on Friday, with recent coldwaves helping the growth of the crop.New Chevrolet Tavera Neo3 BSIV

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Kingfisher drops deeper into red

Kingfisher Airlines has reported a 75 per cent increase in net loss to Rs 444 crore for the third quarter of this financial year, as against a loss of Rs 254 crore in the corresponding quarter of

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Atul Auto net rises by 23 %
Rajot-based three wheeler manufacturer Atul Auto Limited's net profit surged by 23 per cent to Rs 3.09 crore for the third quarter ended December 2012 as against Rs 2.51 crore in the same quarter last

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Kingfisher Airlines Q3 loss widens, costs mount

Kingfisher Airlines' losses mounted in the third quarter, taking the total loss to $240 million this fiscal year, as the ailing Indian carrier was squeezed by high fuel costs, a weaker rupee and

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BNP Paribas slumps 63% in Q4

France's biggest listed bank, BNP Paribas, is expected to report a 63 per cent slump in quarterly profit on Wednesday, hit by Greek sovereign debt writedowns, euro-related market stress and a bid to

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