The Economics of Piracy

Somali pirates are running riot in the Indian Ocean, capturing a British ship, a French yacht, a German container ship, a Danish-owned, US-operated cargo vessel and, now, even a US ship. What could be the economics of the piracy business? First, as in any business strategy, they are continuously expanding their market. Their attacks are expanding beyond the immediate coast of Somalia, where...

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Market Outlook (7 May 2009)

The Sensex ended at 11,284 on 15 April 2009. We had mentioned in our previous column that there was a good chance for the Sensex to continue with its short-term rally. From 24 October 2008 to the end of March 2009, the Sensex had been moving in a narrow range of 8,700 and 10,048. We had mentioned in the previous issue that the Sensex could either dive again after hitting the upper side...

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Hindustan Unilever Jan-Mar quarter net profit hit by one time charges
Hindustan Unilever Ltd (HUL) reported a marginal increase of 4% in its net profit for the January to March quarter mainly due to a one time charge for retirement benefits and restructuring.

HUL, India's largest fast moving consumer goods (FMCG) company said excluding the one time charges its net profit rose 20% while sales increased 12%. During the quarter the coompany reported a...

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