Aviation: Barely Afloat

In a recent hearing on the jet fuel dues at the Bombay High Court, Bharat Petroleum Corporation Ltd (BPCL) demanded a substantial amount as repayment of dues, against the monthly payment of Rs10 crore offered by Kingfisher Airlines. Kingfisher owes BPCL around Rs314. 32 crore. Meanwhile, Kingfisher alleged that BPCL had not honoured the 90-day grace period granted by the Indian government to...

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  • Power: Goldmine

    What is common between an oil refiner and trader Adani, steel manufacturer Jindal, copper & aluminium manufacturer Sterlite and drug manufacturer Torrent? They have all set up large power projects; a substantial part of their generation will be available for selling to the power grid, thanks to the Electricity Act 2003 and the new rules framed by the Central Electricity Regulatory Commission...

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  • Fire the Boss

    Has the social mood has changed to what prevailed in the 1970s? A majority of US workers does not think their bosses are honest, found a survey conducted by Harris Interactive for the Zurich-based Adecco Group, a human resources and placement company. Harris interviewed a nationwide sample of 2,081 US adults, 1,147 of whom were employed full- or part-time. According to the survey, one in four...

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