st democracy. Regular posts from Wall Street Journal and Dow Jones Newswires reporters around the country provide a unique take on the main stories in the news, shed light on what else mattered and why, and give global readers a snapshot of what Indians have been talking about all week. You can contact the editors at indiarealtime@wsj.com.Check out the main contributors to the blog and their bios here. An error has occured and your email has not been sent. Please try again. You must enter the verification code below to send. Invalid entry: Please type the verification code again.[标签:标题]
We sent an email to: Please click on the link inside the email to complete your registrationThis service is temporary unavailable due to system maintenance. Please try again later.The username entered is already associated withanother account, http://www.cheaptomsoutlet0.com - cheap toms shoes sale . Please enter a different usernameThe email address you have entered is already in use.Please re-enter the email address.Agence-France Presse/Getty ImagesAccording to Reliance, Mukesh Ambani still makes 150 million rupees ($2.75 million) a year, even after renouncing his salary increase.This month, Mukesh Ambani topped the list of business leaders in India making headlines, according to monthly data compiled by Dow Jones Insight and edited for clarity by The Wall Street Journal.Unfortunately for the chairman of Reliance Industries Ltd., there wasn’t much reason to cheer: In the January-March period, Reliance posted a net profit of 42.36 billion rupees ($774.9 million), a 21% drop from a year earlier. Over that period, http://www.cheaptomsshoesoutletstore.us - toms the shoes , the company’s shares tumbled 29% on the Bombay Stock Exchange.And there’s more: earlier this month Reliance was rebuked by India’s oil ministry for failing to meet its gas output target.It was more than an empty threat: the government said Reliance may not be able to recover the money it spent to develop an offshore gas field precisely because its gas production fell way short of expectations. The whopping $5.6 billion project has lead nowhere so far.Under Reliance s production-sharing contract with the government, the company can keep part of the revenue from gas and oil sales to offset the cost of developing the field.The problem lies in the sharp decline in output from its D6 block, which fell about 24% to 551.31 billion cubic feet in the year through March.The company’s poor financial performance in recent months is likely what pushed Mr. Ambani to renounce a salary increase for the fourth year in row.It could be worse for Mr. Ambani: he still makes 150 million rupees ($2.75 million) a year, according to Reliance, and tops Forbes’ rich list for India.Vijay Mallya, chairman of the ailing Kingfisher Airlines, slipped to second place in this month’s power list rankings even as the troubles of his loss-making airline are far from resolved. In recent months, Kingfisher Airlines gradually has cut its operations from 400 to 110 flights a day, http://www.cheaptomsshoesoutletstore.us - cheap toms shoes .See a full list here. Add a Comment Error message Name We welcome thoughtful comments from readers. Please comply with o
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