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Journalism of Courage
IOC to net over Rs 2,100 cr
NEW DELHI: Indian Oil Corporation IOC is expecting to post a net profit of more than Rs 2,100 crore in the current financial year, up from Rs 1,706 crore recorded during 1997-98. IOC chairman M A Pathan said that apart from dismantling of the Administered Price Mechanism APM, the decision of the company to reduce costs through energy saving exercises was beginning to yield results in the form of better financial performance.
Meet on brand management
MUMBAI: The Mumbai branch of the Alumni Association of the National Council of Education, Bengal Jadavpur University will be organising a day long seminar on strategic brand management at Hotel Centaur, Santacruz, Mumbai, on September 20. Ashok Ganguly, former chairman of Hindustan Lever, Sanjay Aga, MD of Blow Plast, and other corporate captains will address the seminar.
Crisil downgrades Goetze rating
MUMBAI: Crisil has downgraded the fixed deposit rating of Goetze India Limited GIL from quot;FAAquot; to quot;FAquot;. The rating reflects deterioration in the overall risk profile of the escorts group company on account of increasingly difficult business environment, characterised by sluggish growth in end user industries and increased competitive pressures, Crisil said in a release today. The agency said the downgrading was also due to sharp decline in turnoverand profits and increased funding requirement in the current year.
