Top biz stories | Top biz stories News | Top biz stories Photos

Web Sify

Sify.com » Topics » Top biz stories

Top biz stories News

INSIGHT - Funds, refiners ponder oil Armageddon: war on Iran

BREAKINGVIEWS - Iranian oil-for-rupees poses diplomatic dilemma
India and Iran share close historical links - or so argued India's first prime minister, Jawaharlal Nehru. Now economic interests are pulling the two countries closer again. India has struck a clever deal to pay for Iranian oil in its own not freely convertible currency, the rupee. It could be a diplomatic hot potato. New Delhi buys $12 billion of oil a year from Iran. But the trade isn't balanced.

Ambuja Cement Dec quarter net up 17 pct

Cement producer Ambuja Cement Ltd said its quarterly net profit rose 17 percent helped by better cement prices and higher volumes, but warned cost pressures may continue to hurt margins. The company

more

Rupee drops to lowest level in over a week

The rupee fell to its lowest level in more than a week on Thursday as importers stepped up dollar buying, most likely to pay for oil and defence equipment, and as caution set in ahead of the European

more

HPCL to cut Iran crude imports in 2012/13

HPCL will import three million tonnes of crude oil from Iran in 2012/13, half a million tonnes less than it purchased from the Islamic Republic for this fiscal year, a company executive said on

more

Etisalat takes $827 mln charge against Indian ops

Emirates Telecommunication Corp Ltd (Etisalat) wrote off the value of its Indian operations on Thursday, booking an $827 million impairment charge, after India ordered 122 telecoms licences to be

more

Vodafone misses revenue f'cast, but India growth strong

Vodafone, the world's largest mobile phone operator, missed quarterly revenue forecasts on Thursday as increasingly tough trading in Spain and Italy overshadowed solid performances in emerging

more