Oil rises above $72 ahead of US company results

Oil prices rose above $72 a barrel today in Asia as investors looked to a slew of US corporate earnings reports this week for signs of economic recovery. Benchmark crude for November delivery was up 44 cents at $72.21 by midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 8 cents to $71.77 on Friday.

8 Indian cities among 25 riskiest offshoring locations

India may have been hailed for long as the world"s top outsourcing destination, but a new study has named as many as eight cities in the country among the world"s 25 riskiest places for offshoring, mainly on concerns like terrorism, pollution and geopolitical issues.

Letters: Metro-man

Shyamal Majumdar’s “Game Changers” (Dec 28) did a good job talking of the Indians who have changed the last decade, and predictably the list begins with Prime Minister Manmohan Singh and contains the Ambani brothers, LN Mittal and even golden oldies like Amitabh Bachchan. Majumdar’s list, however, is incomplete without mentioning people such as E Sreedharan, the chief of the Delhi Metro Rail Corporation (DMRC). At a time when everyone associated the public sector with poorly executed projects, Sreedharan proved them wrong and gave the Capital a world-class Metro that is the envy of many. All of this, it is important to keep in mind, was executed within the government system as well as with public sector salaries.

Larsen & Toubro: Disappointing results

Even as the order inflow was healthy, analysts feel the company may fall a tad short of its new revenue growth guidance.

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