With oil companies losing crores of rupees every day on selling fuel below cost, Petroleum Minister S. Jaipal Reddy said that he would convene a ministerial panel meeting to review prices of fuel sold at subsidised rates.Nov 2, 2011
Maruti Suzuki, India's top automobile manufacturer has sold less half the number of cars it did this time last year. This is largely due to the labor unrest that has cost the company roughly $500 million in lost production; the problem has been compounded by a demand slowdown in Asia's third-largest economy.Nov 1, 2011