Practising austerity
Kolkata   30-May-2008
The venue chosen by the state-owned IndianOil for announcing its latest quarterly result should have alerted everyone that there was trouble ahead, like most oil PSUs, IndianOil also holds its press conferences in well-appointed five star hotels. This time around, perhaps to send out the right signals, IndianOil decided to hold the press conference in the Scope Complex in the capital that houses most PSUs.