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Cairn's Rajasthan oil fields to start production in few days
Cairn India will begin production of crude from its Rajasthan fields in a few days, company Managing Director and CEO Rahul Dhir said today.

Sail: Results in line with expectations
For the December 2009 quarter, SAIL saw net sales at Rs 9,880 crore up 11 per cent year-on-year, in line with market expectations, even as seasonal impact saw sales dip 2 per cent sequentially. The company’s steel sales was at 2.9 million tonnes (mt) in the recently concluded quarter against 3 mt in the September 2009 quarter and 2.4 mt in December 2008 quarter.

News of the day

US unemployment rate slips to 9.4%
The number of jobs lost in the US came down sharply by 247,000 as the unemployment rate declined to 9.4 per cent in July, one of the strongest indications yet that recession in the world"s largest economy is easing.
Management

Future Group expands menu; to set up hotels in next 6 mths

Kishore Biyani-led Future Group is planning entry into hotel business and may set up the first one in the next six months. - Future Value Retail to start functioning from Jan 1 - 2009: Organised retail feels recession pangs - Even as sales recover, retailers continue working on costs - Future Group to bring financial service businesses under JV - Pantalooon Retail raises Rs 500 cr via QIBs - "Take loan, will grow" model led to Vishal"s big fall "We will set up hotels in the Indian style where people can get indigenous food," Future Group Chairman Kishore Biyani said at a conference here. The first hotel will come up in Raipur within the next six months, he said. The Group also plans to set up consumer and entrepreneur training schools and the first among them would come up in Mumbai"s outskirts. "We will start three-four consumer and entrepreneur training schools in the country within a time span of 6-8 months. The first among them will come up in the outskirts of Mumbai. Our plan is to implement an innovative model of training in these schools," Biyani said.


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