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Limited disinvestment in a few PSUs only for now: FM
The government has identified some public sector companies for disinvestment, but its primary focus would be to dilute equity in listed profitable companies with less than 10 per cent public shareholding, with follow-on public offerings.

Chandrayaan-II to be over by 2012-13: Isro
Chandrayaan-II moon mission, which will help in analysis of mineral composition and undertake terrain mapping of the moon, will be completed by 2012-13, Project Director of Chandrayaan Dr M Annadurai said today.

News of the day

Gas reserves at Essar's Raniganj field 43% more than estimates
Essar Oil’s recoverable coal-bed methane (CBM) reserve at Raniganj block in West Bangal has been pegged at 1 trillion cubic feet (tcf), 43 per cent higher than the earlier estimate of 700 billion cubic feet (bcf). The basin has 3.5 tcf reserves, a third of which are recoverable.
Home Business

Monster Worldwide posts Q2 loss of $1.37 mn

Monster Worldwide, the parent company of global online employment solution provider Monster.Com, today reported a net loss of $1.37 million in the quarter ended June 30 this year. - Tata Teleservices incurs Q1 net loss of Rs 34 cr - Indiabulls Sec posts Rs 13-cr loss - Religare Enterprises Q4 net loss at Rs 63.24 cr - FedEx Q4 net loss widens to $876 mn - Hinduja Foundries Q4 net loss at Rs 7 cr - Punj Llyod loss in FY09 due to SABIC case: Atul Punj The company had a net income of $30.83 million in the corresponding year-ago period, Monster Worldwide said in a statement. Revenues rose to $223.05 million in the second quarter ended June 30, 2009, from $354.29 million in the same quarter last fiscal. During the quarter, Monster"s net cash and securities stood at $235 million. For the first half of 2009, the online employment solution provider reported total revenue of $477 million as compared to $721 million in the comparable period last year. The company posted a loss of $12 million for the six months ended June 30, 2009, as against a net income of $53.42 million in the year earlier. Monster Careers revenue declined 37 per cent to $413 million compared with $658 million in the 2008 period. The company"s revenue from internet advertising and fees stood at $64 million, a slight increase over the $63 million in the prior year period.


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