(This article was originally published on October 13, 2014) Crude oil prices falling to the lows of the last four years is great news for India as more than three-quarters of consumers depend on imports. It is expected to help boost not only energy companies, tire makers and consumer goods companies, but also improve key macroeconomic indicators such as the current account balance and financial deficit. India imports about 1 billion barrels of crude oil on a net basis every year. Thus, if crude oil prices average around $100 per barrel this fiscal year (around $106 per barrel in the first six months of the current fiscal) dollars), the country’s import cost will fall by $10 billion dollars (around Rs. 610 billion). In 2013-14, the current account deficit amounted to one-third of the Canadian dollar. Analysts say that if the average crude oil price is $100 a barrel in the current fiscal, India’s CAD share of GDP will fall to 1.3% from 1.7% a year ago. Cooling crude oil price...

New Delhi: Ceat today announced the appointment of Debi Prasad Das as Senior Vice President, Human Resources. Das will be based at Ceat’s Central Mumbai headquarters and will be responsible for the company’s human resources and employee relations functions. Commenting on his appointment, Anant Goenka, Managing Director, Ceat, said: “We are delighted to have Mr. Das on board. I am confident that his vast experience will play a key role in adding value to our talent as we enter this exciting phase. We hope that his appointment will enable us to expand our already established training and development programs and ensure that our overall HR strategy is aligned with our planned operating philosophy. Das has over 25 years of experience in the manufacturing and IT industries. His last appointment before joining Ceatt was Vice President, Senior HR Quality, Risk, Compliance and Governance at Atos Global. After earning a Bachelor’s Degree in Commerce, Das completed his st...