Goyal

Mr. Goyal said the company has a capital expenditure plan of 145 billion rupees for this financial year.

Indian Oil Net Profit Falls 30% Rakesh Sharma 2011

"The budget carriers have made huge inroads into the industry over the last three years, and now close to 70% of the market is in the low fare segment," Jet Airways Chairman Naresh Goyal told shareholders earlier in the day, adding that the airline has already converted a large number of its premium flights to its two low-fare units.

Jet Airways Plans Low-Fare Flights Overseas Anirban Chowdhury 2011

Ms. Goyal also said that she favors a cut in banks' cash reserve ratio, or the percentage of deposits that banks must park with the RBI, to boost banking system liquidity and had suggested the move at the advisory committee's previous meeting.

RBI Adviser: India Should Start Cutting Rates Sudeep Jain 2012

Explorers gave discounts worth 80.10 billion rupees on crude sales during the latest fourth quarter to Indian Oil and the government extended a cash grant of 109.42 billion rupees for discounted fuel sales, said the company's director of finance, P.K. Goyal .

Indian Oil Net Profit Falls 30% Rakesh Sharma 2011

But the foreign takeovers may shift their focus toward exporting to developed nations, said Goyal.

Foreign takeovers of Indian drug companies fuel fear of rising prices 2011

Ms. Goyal expects headline inflation to ease to 6.0% by the end of March, which is lower than the RBI's forecast of 7.0%.

RBI Adviser: India Should Start Cutting Rates Sudeep Jain 2012

"I see inflation coming down, and there have been negative effects of monetary tightening on growth," Ashima Goyal, a member of the RBI's technical advisory committee on monetary policy, said recently.

RBI Adviser: India Should Start Cutting Rates Sudeep Jain 2012

Ravi Goyal, managing director, AGS, confirmed that TPG has picked up "substantial stake" without giving details.

Morning News Roundup Deals India Staff 2011

Ms. Goyal said that the previous two rate increases--in September and October 2011--weren't required and that the RBI needn't wait for inflation to ease sharply before cutting rates.

RBI Adviser: India Should Start Cutting Rates Sudeep Jain 2012

This will affect availability and affordability of generic drugs for India's poor, said L.C. Goyal, additional secretary in the Ministry of Health and Family Welfare.

Foreign takeovers of Indian drug companies fuel fear of rising prices 2011