DoT unlikely to adjust with 2008 entry fee if bidders pay in phases

Telecom operators, which won spectrum in the recent auction, may be allowed to adjust the bid amount against the entry fee paid in 2008 only if they pay the entire money upfront. The Department of Telecom (DoT) is likely to take a view that operators opting to pay in instalments cannot claim adjustments against the money paid earlier.
The issue came into focus after Videocon, which won spectrum in six telecom circles, applied to adjust the money which it paid in 2008 against the bid amount.

bid amount upfront, telecom operators opting to pay in instalments, Videocon DoT, entry fee paid in 2008, operators opting to pay in instalments, bid amount upfront

Telcom companies fined Rs 2,757 cr for not verifying user IDs

The government has imposed penalty amounting to Rs 2,757 crore on telecom operators since 2009 for issuing mobile phone connection against forged documents, Minister of Communications and Information Technology Kapil Sibal informed Parliament today. In respect of calender years 2009, 2010, 2011 and 2012, more than 2.4 crore consumer application forms (CAFs) have been audited during monthly sample audit and penalties amounting to more than Rs 2,757 crore have been imposed on telecom service

forged documents, telecom companies, Kapil Sibal telecom, telcos to lodge complaint, telecom operators

The story of Malé airport, GMR and contracts with Governments in other countries

The contract was a revenue-sharing arrangement between government of Maldives and GMR company (one per cent till 2014, 10 per cent after that; also 15 per cent and 27 per cent revenue share on fuel). The contract allowed GMR to charge an airport development fee (users of Delhi airport, also run by GMR, will be familiar with this issue). The issue went to court in Malé, which in late 2011 struck down the fee as illegal. The Maldives then allowed GMR to set off its revenue share against the fee

GMR, Maldives, revenue share contracts, Male airport, Lakshmi Mittal’s problems in France, Pankaj Oswal in western australia

PM to decide FDI in pharma

The Prime Minister, Manmohan Singh, has intervened to sort out the differences between the Finance and Commerce Ministries over the implementation of 100 per cent FDI in pharmaceuticals sector. The Prime Minister will chair a special meeting on Monday on the issue, which will attended by the Finance, Commerce and Health Ministers. The Prime Minister’s Office had decided to push FDI in the sector, which is worth Rs 1 lakh crore. Sources said the meeting is also an effort to expedite the

100% FDI in Pharma, Prime Minister pharma, Finance Ministry FDI, Commerce Ministry pharma differences

Sahara Group moves apex court in refund case

The Sahara Group today moved the Supreme Court (SC) against the order of the Securities Appellate Tribunal (SAT) dismissing its appeal against market regulator Securities and Exchange Board of India ( Sebi) in a case involving refund of about Rs 24,000 crore with interest to 30 million investors. A bench headed by Altamas Kabir listed the matter for hearing on Monday. The counsel for Sahara told the bench the company was ready with a draft of Rs 5,100 crore for deposit in SC’s

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Organization's operations model and flaws

Six Sigma is a great model for manufacturing companies, but it is of dubious applicability to organisations that differentiate themselves in the marketplace through their service. The unpredictability of customers’ changing needs, moods and expectations demands a “loose-tight” approach to the design and delivery of service. Even Keki Bote, an architect of the Six Sigma model when it was first developed in Motorola, acknowledges this. Alas, the big bucks that are to be made from relentless

Six Sigma, customer approach, Michael Porter model, organisations

Core industries post 6.5% growth in month of October

The core industries’ output grew 6.5 % (about eight industries which form part of core industries) in October on the back of double digit growth in output of coal and petroleum refinery products. The eight core industries i.e. – coal, crude oil, natural gas, petroleum refinery products, steel, cement and electricity – have a weightage of 37.90 % in the index of industrial production. This overall performance is much better than the 0.4 % increase recorded in October last year and five

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Core industries post 6.5% growth in month of October

The core industries’ output grew 6.5 % (about eight industries which form part of core industries) in October on the back of double digit growth in output of coal and petroleum refinery products. The eight core industries i.e. – coal, crude oil, natural gas, petroleum refinery products, steel, cement and electricity – have a weightage of 37.90 % in the index of industrial production. This overall performance is much better than the 0.4 % increase recorded in October last year and five

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HAL's Jaguar 'Darin III' flying high

Hindustan Aeronautics Ltd (HAL), a Bangalore-based government owned aviation company announced that it had successfully carried out the maiden flight of the avionics upgraded Jaguar aircraft ‘ Darin III’. This is a significant moment for us as the upgrade will result in major operational improvement with regard to all-weather air-to-ground, air-to-sea and air-to-air capabilities through the incorporation of the multi-mode radar.
Darin III upgraded avionic, with re-engining and its change

HAL Darin III, Darin aircraft, upgraded Jaguar, maiden flight of Darin III

HAL's Jaguar 'Darin III' flying high

Hindustan Aeronautics Ltd (HAL), a Bangalore-based government owned aviation company announced that it had successfully carried out the maiden flight of the avionics upgraded Jaguar aircraft ‘ Darin III’. This is a significant moment for us as the upgrade will result in major operational improvement with regard to all-weather air-to-ground, air-to-sea and air-to-air capabilities through the incorporation of the multi-mode radar.
Darin III upgraded avionic, with re-engining and its change

HAL Darin III, Darin aircraft, upgraded Jaguar, maiden flight of Darin III

Lupin Pharma, US launches Tricor generic earlier than expected

Lupin launched the generic version of Tricor, fenofibrate drug for cholesterol in the lucrative US market. It already had a branded fenofibrate product, named Antara, in the US market, the launch of the Tricor generic is important because the copycat drug can be launched in the same dosage/weight that the innovator company, Abbott. It has come ahead of schedule and currently there is limited competition in the US market for this product. While the innovator continues to manufacture the

Lupin Pharma, Lupin launched the generic version, Tricor drug, branded fenofibrate product

Lupin Pharma, US launches Tricor generic earlier than expected

Lupin launched the generic version of Tricor, fenofibrate drug for cholesterol in the lucrative US market. It already had a branded fenofibrate product, named Antara, in the US market, the launch of the Tricor generic is important because the copycat drug can be launched in the same dosage/weight that the innovator company, Abbott. It has come ahead of schedule and currently there is limited competition in the US market for this product. While the innovator continues to manufacture the

Lupin Pharma, Lupin launched the generic version, Tricor drug, branded fenofibrate product

Hinduja's to acquire Houghton International Inc. for $1.05 billion

Gulf Oil Corp, controlled by the billionaire Hinduja brothers , may exit the mining business as restrictions on excavations in India slow demand for its services to extract coal, iron ore and minerals. The unit IDLconsult, which accounts for about 12 per cent of revenue, has reported an operating loss for three straight years, after the government clamped down on illegal extractions and delayed mining approvals citing environmental norms.
Exiting the unit may help Gulf Oil, which is buying

Gulf oil, lubricants business, mining hinduja, Valley Forge, Pennsylvania based Houghton, hinduja billionaire, Hinduja brothers, ceat

BPCL's planning integrated refinery expansion project at Kochi refinery

The Ministry of Environment Forests (MoEF) has granted clearance to the integrated refinery expansion project (IREP) of Bharat Petroleum Corporation Limited at Kochi refinery. The project envisages increasing the capacity of the refinery by 6 million tonnes (mt) per annum to 15.5 mt from the present 9.5 mt. The estimated cost is Rs 14,225 crore and it is scheduled to be completed by December 2015.
The company also plans to modernise the refinery to produce auto-fuels complying with Euro-IV and

integrated refinery expansion project, Kochi refinery, BPCL kochi refinery expansion, acrylates, propylene kochi

CDC Group looks to invest $1 Bn through private equity route

The CDC Group , a wholly-owned development finance institution of the UK government’s Department for International Development, is looking to invest around $500 million in India through the private equity route. The fund, which has had good exposure in India through the fund-of-funds ((FoF) route, would now be parallelly looking to invest directly in Indian businesses.
They are looking to invest $1 billion over the next four-five years in India and the split would be more or less equally

private equity route, CDC, CDC India, CDC looks to invest, direct investments in Indian companies, UK government’s Department for International Development

Samsung Electronics invest Rs 350 cr in India by 2015

Samsung Electronics (Samsung), a South Korean electronics giant plans to boost its presence in Indian soil as it plans to make an additional investment of Rs 350 crore in manufacturing and research and development (RD) in India by 2015. Samsung has so far invested $400 million (Rs 2,200 crore) in India. The company expects to close the current year with a 25% growth. The company had sales of around Rs 20,000 crore in last year i.e. FY 2011.
The company is market leader in flat panel

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CDC Group looks to invest $1 Bn through private equity route

The CDC Group , a wholly-owned development finance institution of the UK government’s Department for International Development, is looking to invest around $500 million in India through the private equity route. The fund, which has had good exposure in India through the fund-of-funds ((FoF) route, would now be parallelly looking to invest directly in Indian businesses.
They are looking to invest $1 billion over the next four-five years in India and the split would be more or less equally

private equity route, CDC, CDC India, CDC looks to invest, direct investments in Indian companies, UK government’s Department for International Development

Samsung Electronics invest Rs 350 cr in India by 2015

Samsung Electronics (Samsung), a South Korean electronics giant plans to boost its presence in Indian soil as it plans to make an additional investment of Rs 350 crore in manufacturing and research and development (RD) in India by 2015. Samsung has so far invested $400 million (Rs 2,200 crore) in India. The company expects to close the current year with a 25% growth. The company had sales of around Rs 20,000 crore in last year i.e. FY 2011.
The company is market leader in flat panel

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Hindustan Aeronautics's IPO

Hindustan Aeronautics Ltd. (HAL), is at the top of the government’s disinvestment list in 2013. The government hopes to offload 10 % of its equity in the aviation company in an initial public offer (IPO). The move is a part of the government's larger plan to raise Rs 30,000 crore by selling its stake this financial year. The induction of non-government shareholders in the Bangalore-headquartered maker of aircraft, engines, components and accessories, if the IPO happens, will complete a circle

HAL, HAL aircraft, HAL IPO, Hindustan Aeronautics limited, Hindustan Aeronautics

Mass electricity blackouts: Histrory and learnings

The risk of massive failures affecting the supply to millions of customers and darkening whole regions or countries may even be increasing as demand rises, especially for air conditioners, and electricity networks are integrated over increasingly wide areas. India's power failure earlier this year has heightened concern about the reliability of power networks integrated over wide areas, and raised questions about the wisdom of China's plan for an ultra-high voltage super-grid. On July 31,

power blackout, power grid failure, million affected due to power blackout

Carbon credits market is on the verge of collapse

Carbon offset credits have fallen to a new all-time low amid oversupply and signs of a possible ban on some credits in the European Union system. The price of one carbon credit, nearly Euro 24 (Rs 1,500) in 2008, was Euro 0.83 on Thursday.
The price of carbon credits continuing to slide in the global markets which is currently trading at $ 1.05 per CER (Certified Emissions Reductions), and the first commitment period for the Clean Development Mechanism (CDM, under which carbon trading is

carbon credit, CDM, CER, global carbon market, CER down

Existing spectrum winners asking benefit of cut in reserve price

Aditya Birla Group company Idea Cellular has filed an affidavit with the Supreme Court saying that any reduction in the reserve price for unsold spectrum should also be applicable to winners of the recently concluded auction. In the event further quashed/unsold spectrum from current auction is made available/put up for auction in the 1,800 Mhz band and any decision is made which results in a reduction in the reserve price or the final winning price, the petitioner (Idea Cellular) should be

Idea Cellular, sold spectrum, Mhz band, recently concluded spectrum auction, Government spectrum auction

CIL calls for NTPC allegations

NTPC chairman Arup Roy Choudhury had alleged in a recent meeting with Union power secretary P Uma Shankar that it had billing problems after CIL shifted to pricing based on gross calorific value, from the earlier system of useful heat value, in January. The sampling is done during the production stage and also during loading for consumers. There were problems with quality, as lower grade coal was being delivered on a higher price. This is continuing since January. There was a high-level

CIL, NTPC, power utilities, January, FSA, Coal India

Existing spectrum winners asking benefit of cut in reserve price

Aditya Birla Group company Idea Cellular has filed an affidavit with the Supreme Court saying that any reduction in the reserve price for unsold spectrum should also be applicable to winners of the recently concluded auction. In the event further quashed/unsold spectrum from current auction is made available/put up for auction in the 1,800 Mhz band and any decision is made which results in a reduction in the reserve price or the final winning price, the petitioner (Idea Cellular) should be

Idea Cellular, sold spectrum, Mhz band, recently concluded spectrum auction, Government spectrum auction

Wind turbine manufacturer Gamesa

Gamesa India is a wholly-owned subsidiary of Spain-headquartered Gamesa Group. The company also planned to double its wind turbine installation in the country by next year. It is actively looking projects in Rajasthan, Karnataka. Andhra Pradesh is also opening up (for wind power). It is another big market for renewable energy space. Currently, Gamesa India have about 500 MW of order book.
The company which has been manufacturing one MW of wind turbine also manufactured small number of 2MW of

wind turbine Gamesa, Gamesa India, wind power installation, Gamesa group, company wind MW

Coal's prices seems assured returns

India's total installed capacity of about 183 GW, about 58% is from Thermal power (read Coal based power projects). India relies on coal for 55 % of its power generation and struggles to source coal from other countries as well. Coal remains a critical component of the world's energy supply, despite its bad image. In China, demand for coal in 2010 resulted in a traffic jam of 120 kilometers, or 75 miles, long caused by more than 10,000 trucks carrying supplies from Inner Mongolia. India is

coal demand, global coal demand, India China energy demands, demand for coal

Air India Charters Ltd’s maintenance, repair and overhaul (MRO) facility

Air India Charters Ltd’s maintenance, repair and overhaul (MRO) facility will soon have its own management team. Necessary sanctions have been received in this connection. Set up on 6.07 hectares of land provided by the State Government in the vicinity of the international airport terminal, the MRO was commissioned last year. It takes care of all engineering requirements of Boeing 737-800 aircraft of Air India Express.
All engineering checks from transits up to the level of ‘C’ can be

MRO, aircraft repair and overhaul, Air India Express, Maintenance repair and overhaul (MRO), Air India Charters

Visa Steel sells stake to SunCoke Energy in subsidiary Visa Coke

Kolkata-based steel maker Visa Steel Limited (VSL) has decided to sell 49 % of its stake in its subsidiary Visa Coke (its 400,000-tonne capacity coke oven battery) to New York-listed SunCoke Energy for Rs 368 crore. VSL was incorporated in 1996, is promoted by Mr V. Saran of Kolkata, a Mining Engineer and the ex-Director (raw materials) of Tata Steel, who ventured into business in 1994. The day-to-day affairs of the company are looked after by Mr Vishal Agarwal, supported by Mr P.R. Bose and a

visa coke, visa steel limited, VSL, Visa Steel, iron ore, Saran of Kolkata, SunCoke

Visa Steel sells stake to SunCoke Energy in subsidiary Visa Coke

Kolkata-based steel maker Visa Steel Limited (VSL) has decided to sell 49 % of its stake in its subsidiary Visa Coke (its 400,000-tonne capacity coke oven battery) to New York-listed SunCoke Energy for Rs 368 crore. VSL was incorporated in 1996, is promoted by Mr V. Saran of Kolkata, a Mining Engineer and the ex-Director (raw materials) of Tata Steel, who ventured into business in 1994. The day-to-day affairs of the company are looked after by Mr Vishal Agarwal, supported by Mr P.R. Bose and a

visa coke, visa steel limited, VSL, Visa Steel, iron ore, Saran of Kolkata, SunCoke

Renewable energy : Wind, Water And The Sun

The worsening coal situation that makes several power plants run at way below their capacities, the parlous state of finances of our state electricity boards, and other issues - ranging from land procurement problems to inordinate delays in getting environmental clearances for allocated coal mines - that have soured the dream of many private power producers. Simply put, the power sector in the country is grappling with issues in all three parts of the business - production, transmission and

renewable power, state electricity boards, wind, coal

Renewable energy : Wind, Water And The Sun

The worsening coal situation that makes several power plants run at way below their capacities, the parlous state of finances of our state electricity boards, and other issues - ranging from land procurement problems to inordinate delays in getting environmental clearances for allocated coal mines - that have soured the dream of many private power producers. Simply put, the power sector in the country is grappling with issues in all three parts of the business - production, transmission and

renewable power, state electricity boards, wind, coal

Final General Anti-Avoidance Rules (GAAR) in 10 days

The Government may announce the final General Anti-Avoidance Rules (GAAR) within the next 10 days. A decision has been taken on GAAR. The draft has been sent to the Prime Minister. Hopefully, the decision will be made public in the next 7-10 days. The final rules are expected to be based on the recommendations made by the Shome Committee in its draft report. The draft report was submitted on September 1. The committee suggested delaying implementation of GAAR by three years. It also advised

anti avoidance tax, implementing GAAR, shom committee, by 10 days, shom draft report, General Anti-Avoidance Rules

Rail movement of containers to get costlier

The Indian Railways which moves 77 million tonnes of goods via containers every year has decided to increase haulage charges for container train operators by up to 22 per cent with effect from December. There will be another round of increase after two months. Thus, with effect from February the charges will go up by up to 31 % against today’s levels. Haulage charges — which container train operators pay Indian Railways for using the tracks, locomotives and signalling infrastructure —

container train operators, Indian Railways, tonne hike, haulage charges

Nalco's bauxite mining halted

National Aluminium Company (Nalco) has stopped production at its Panchpatmali North-Central block bauxite mines after its lease deed for the area expired. Nalco is awaiting renewal of the lease, said it is expecting a temporary working permit to operate the mine by December. Meanwhile, company also applied for a temporary working permit (TWP) for a period of one year. The status of the application is expected to be clear by the end of this month. The grant of TWP depends upon the approval of

Nalco, temporary working permit, tonne bauxite, Panchpatmali mine, National Aluminium Company

Kochi metro to be implemented by DMRC

Delhi Metro Rail Corporation (DMRC) has been prepared the revised report for the Kochi metro rail project, estimating the requirement of a total of 40.409 hectare land, including parking space. Stations that would get additional parking space include Kalamassery, Edappally and Kaloor other than two terminal stations — Aluva and Petta (Thripunithura). The total land required for all the 22 stations is 9.3941 ha, including minimum parking in 21 stations and for the additional parking 2.7869 ha

Kochi metro rail project, Kochi Metro Rail Limited, DMRC, parking space metro stations, hectare land kochi

Nalco's bauxite mining halted

National Aluminium Company (Nalco) has stopped production at its Panchpatmali North-Central block bauxite mines after its lease deed for the area expired. Nalco is awaiting renewal of the lease, said it is expecting a temporary working permit to operate the mine by December. Meanwhile, company also applied for a temporary working permit (TWP) for a period of one year. The status of the application is expected to be clear by the end of this month. The grant of TWP depends upon the approval of

Nalco, temporary working permit, tonne bauxite, Panchpatmali mine, National Aluminium Company

Kochi metro to be implemented by DMRC

Delhi Metro Rail Corporation (DMRC) has been prepared the revised report for the Kochi metro rail project, estimating the requirement of a total of 40.409 hectare land, including parking space. Stations that would get additional parking space include Kalamassery, Edappally and Kaloor other than two terminal stations — Aluva and Petta (Thripunithura). The total land required for all the 22 stations is 9.3941 ha, including minimum parking in 21 stations and for the additional parking 2.7869 ha

Kochi metro rail project, Kochi Metro Rail Limited, DMRC, parking space metro stations, hectare land kochi

Government should create a level playing field with no arbitrage for any player, including BSNL and MTNL

The outcome of the ongoing 2G auction, which has so far been a washout due to the high reserve price fixed by the Government.
The Government should create a level playing field with no arbitrage for any player, including BSNL and MTNL. The Government is looking to give the two PSUs a waiver on one-time fee payments. The business case is dependant on how much spectrum you have. The current usage charge is a huge value destruction. It punishes a guy who has more customers. Operators have to pay

one-time fee, 2G spectrum, Government charge, MTNL

Nava Bharat Power and Essar Power deal under scrutiny

The promoters of Nava Bharat Power had sold 100 % shares of the company to Essar Power in two tranches soon after being allocated coal blocks. The matter is now being investigated by the Central Bureau of Investigation (CBI) and Odisha law department. Nava Bharat Power reportedly made a profit of Rs 200 crore from the deal. The state government has also started vetting of the memorandum of understanding (MoU) signed with Nava Bharat Power after questions were raised regarding the sanctity of

Nava Bharat Power, Essar Power deal, coal block deal, coal block MoU

CEA says India suffers over 11% power generation loss in 2011-12

India suffered a power generation loss of over 11 %, in 2011-12, on account of fuel shortage, transmission bottlenecks and equipment problems, a Central Electricity Authority (CEA). All India electricity generation in the country during 2011-12 has been 876.89 BU, the report of the highlights of this review that was released by CEA recently. The increased forced outages was due to increased forced shutdown of units due to coal supply problem and transmission constraints and equipment problems

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Reasons for failure of recent 2G auctions

The Comptroller and Auditor General in 2010 had said that the Government could have earned as much as Rs 1.76-lakh crore had it auctioned 2G spectrum. In 2008, the then Telecom Minister A. Raja had followed a distorted version of the ‘first come first served’ model to give away 122 licences to new players for Rs 9,014 crore. Four years later the same spectrum has yielded Rs 9,407 crore after the Government followed CAG’s advice.

Valuation by CAG
The CAG had given three sets of

CAG, 2G spectrum, CAG valuation, 2G auction, CAG on 2G

Exports of processed foods to grow by 35% yoy

A major ice cream player (i.e. the second largest ice cream player in India), Vadilal Industries is now to focus on the processed foods segment. It is difficult to point out a market share in the processed foods segment, as the industry is still in a very nascent stage and there are hardly many organised players barring one or two companies like Sumeru, even Mother Dairy has a frozen vegetables range. We are one of the major players in the segment, and have been one of the pioneers in exports

ice cream player, exports of processed foods, processed foods segment, Vadilal

Power Grid raises money through Dollar Bonds

The country’s largest transmission provider Power Grid Corp. of India Ltd (PGCIL) expects to price at about 2.50 % more than similar-maturity Treasuries, or 40 basis points less than Bharat Petroleum Corp. (BPCL) paid in the latest Indian offering. Average premiums for the nation’s dollar debt tightened 48 basis points to 372 this quarter and reached the lowest since May 2011, HSBC Holdings Plc data show. Global corporate spreads fell 14 basis points to 158, according to Bank of

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Evolution of Money

Money evolved as a way of avoiding the complexities and difficulties of barter. Money is any asset that is recognized by an economic community as having value. Historically, such assets have included, among other things, shells, stone disks (which can be somewhat difficult to carry around), gold, and bank notes.
The modern monetary system has its roots in the gold of medieval Europe. In the Middle Ages, gold and gold coins were the common currency. However, the wealthy found that carrying

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Essential of Money

In the modern world we take money for granted. However, pause for a moment and imagine what life would be like without money. Suppose that you want to consume a particular good or service, such as a pair of shoes. If money did not exist, you would need to barter with the cobbler for the pair of shoes that you want.
Barter is the process of directly exchanging one good or service for another. In order to purchase the pair of shoes, you would need to have something to trade for the

money, barter, essentials of money

EIC framework

EIC framework, (Top down Approach) is a approach of financial analysis where the whole economy is analyzed followed by particular sector/ industry and then selected company’s analysis.
Economy: The overall attributes of economy has to be analyzed holistically, with major issues which may affect the economy overall and thus the industry. The economic growth as macro factor affects industry as whole. Eg. Global factor effects on Indian markets, as it has been seen in the end of august 2007,

industry analysis, factor analyzed, sector analysis, eic framework, top down approach, financial analysis

Net present value

A capital investment’s net present value (NPV) is the amount of value the company expects the investment to create.
The NPV equals the sum of the present values of all of the money expected back from the investment minus the investment’s

Net present value, NPV, discounting, capital budgeting

Reliance Power to commission Sasan power project and the second unit at Butibori project soon

India's power companies are struggling to source fuel as domestic coal production stagnates and gas production remains below expectations. The fuel shortage has forced other power plants to run below capacity because fuel supply is tied to specific plants.
Reliance Power, controlled by billionaire Anil Ambani, generated 1,655 million kilowatt-hours, up 65 % from the previous year in the quarter from its Rosa plant in the northern Uttar Pradesh state. The first unit at its 3,960 megawatt

Sasan power project, rosa power, Butibori project, reliance fuel, reliance commissioned, reliance power plant

CAPITAL INVESTMENTS AND BUDGETING

Companies make capital investments to earn a return. This is like individuals wanting to make money when they invest in stocks and bonds. The amount of money made or lost is measured as the investment’s rate of return. When making an investment, the expected rate of return is determined by the amount, timing, and riskiness of the funds expected from the investment.
i) Amount.
An investment’s rate of return is expressed as a percentage. For example, if a company invests $1,00 and expects

investment's rate of return, amount of money capital, rate of return, investments, company expects earnings, 10 percent

Reliance Power to commission Sasan power project and the second unit at Butibori project soon

India's power companies are struggling to source fuel as domestic coal production stagnates and gas production remains below expectations. The fuel shortage has forced other power plants to run below capacity because fuel supply is tied to specific plants.
Reliance Power, controlled by billionaire Anil Ambani, generated 1,655 million kilowatt-hours, up 65 % from the previous year in the quarter from its Rosa plant in the northern Uttar Pradesh state. The first unit at its 3,960 megawatt

Sasan power project, rosa power, Butibori project, reliance fuel, reliance commissioned, reliance power plant

The South Asian power trading market may be reality says CERC

India’s power sector regulator CERC today suggested establishing a South Asian power trading market to help ease acute electricity shortages facing many nations in the region. The suggestion comes at a time when discussions are on between India and South Asian countries such as Bangladesh and Sri Lanka for setting up inter-regional electricity transmission lines.
A SAARC sub-regional power trading market will be beneficial to member countries. It will help in reaping the benefit of

Bangladesh and Sri Lanka for power trading, South Asian power trading, Asian power trading market, India electricity

Chinese solar sells in Rural India

Solar power is turning into a viable alternative in rural hinterland that has no power connection and regions where regular power supply is unreliable. Patna’s solar market has earned around Rs. 500 crore, solar business in Bhopal has almost doubled since 2009 and Ballia — a small town in Uttar Pradesh and hometown of former PM Chandrashekar has a Rs. 100-crore solar business.
Most of the tailor-made solar products, however, are coming from China, not Indian manufacturers. Affordable

Chinese solar panel, rural India, Chinese solar products in india

Chinese solar sells in Rural India

Solar power is turning into a viable alternative in rural hinterland that has no power connection and regions where regular power supply is unreliable. Patna’s solar market has earned around Rs. 500 crore, solar business in Bhopal has almost doubled since 2009 and Ballia — a small town in Uttar Pradesh and hometown of former PM Chandrashekar has a Rs. 100-crore solar business.
Most of the tailor-made solar products, however, are coming from China, not Indian manufacturers. Affordable

Chinese solar panel, rural India, Chinese solar products in india

Tata Power buys Indonesian coal mine, Baramulti Sukses Sarana

Tata Power Company (Tata Power) has acquired 26% stake in Indonesian coal mine PT Baramulti Sukses Sarana Tbk (BSSR), to ensure fuel security for its upcoming power plants. Tata Power did not disclose the deal size. According to Bloomberg data, shares of BRSS closed at 1,940 Indonesian Rupiah on Thursday on the Indonesian Stock Exchange, down 0.5% from the previous close. The company's current market capitalisation is 507,601 crore Indonesian Rupiah or Rs 2,875 crore. Based on this, Tata

Tata Power, stake in Indonesian coal mine PT, PT Baramulti Sukses Sarana, Indonesian coal, coal indonesia

Suzlon Energy posts Rs 808 crore losses for a quarter

The wind energy turbine maker, Suzlon Energy has reported a consolidated loss of Rs 808 crore for the second quarter, amidst the challenges of debt restructuring and a weak macro-economic outlook as against a profit of Rs 48 crore in the same period last year. On the operating level, the company recorded a loss of Rs 300 crore as against a profit of Rs 311 crore last September. Last month, Suzlon defaulted on redemption of foreign currency convertible bonds worth $220 million, after bond

Suzlon Energy, loss of Rs 808 crore for the second quarter, suzlon loss

Shah commission to probe JSPL and Sarada Mines

The Shah commission a five-member committee of the state steel mines department, who is examining the received allegations regarding violation of Rule-37 of Mineral Concession Rules-1960, has asked Jindal Steel Power Ltd (JSPL) and Sarada Mines to submit relevant information on violation of Rule-37 of Mineral Concession Rules-1960 by November 11. The probe panel has sought information on whether environment clearance was available for conveyor belt of Sarada Mines’ Thakurani iron ore mine

Sarada Mines, JSPL, Jindal violating Rule-37 of Mineral, Thakurani iron ore, jindal steel, shah commission

Yamuna expressway likely to be commissioned by first week of August 2012

Yamuna expressway likely to be commissioned by first week of August 2012

The 165 km Yamuna expressway is now slated to be commissioned by the first week of August, 2012. The stretch connecting Greater Noida and Agra has been awaiting clearances from the state government. With the expressway, the distance between Agra and Noida will be covered in 90-120 minutes. The expressway will have supplementary services like petrol dispensing units at toll plazas, food joints and patrolling

Yamuna expressway likely to be commissioned by first week, Noida, Agra, Delhi to agra, Yamuna expressway

Petronet LNG expanding capacities for more imports

India’s biggest liquefied natural gas importer, Petronet LNG Ltd. (PLL) plans to buy the fuel from Canada to meet surging demand as output from a block operated by billionaire Mukesh Ambani’s company falls. Petronet is seeking contracts from Australia to Russia to meet India’s energy demand that is estimated to more than double by 2035.
The expansion has acquired urgency after gas production at Ambani-controlled Reliance Industries Ltd.’s biggest field dropped 70% in about two years

Petronet LNG, lng, India's energy demand, biggest gas supplier, cheveron, gazprom

List of Hydro Projects being Developed by Private Developers in Uttarakhand State

List of Hydro Projects being Developed by Private Developers in Uttarakhand State

Click here for PDF file: Hydro Projects Being Developed By Private Developers



SR. NO.
NAME OF THE PROJECT
CAPACITY IN MW
DISTRICT


1
Langrasu
3
Tehri


2
Rayat
3
Tehri


3
Birahi Ganga
4.8
Chamoli


4
Kailganga
3
Chamoli


5
Alaknanda
300
Chamoli


6
Mapang Sirkari
340
Pithoragarh


7
Kot Buda Kedar
6
Tehri


8
Agunda

Chamoli, Uttarkashi, Birahi Ganga, Tehri, Pithoragarh, List of Hydro Projects being Developed by Private Developers in Uttarakhand State

What is a Collective Investment Management Company

What is a Collective Investment Management Company (CIMC)?
A Collective Investment Management Company is a company incorporated under the provisions of the Companies Act, 1956 and registered with SEBI under the SEBI (Collective Investment Schemes) Regulations, 1999, whose object is to organise, operate and manage a Collective Investment Scheme.
Can an existing Collective Investment Scheme raise further funds?
An existing Collective Investment Scheme cannot launch any new scheme or raise

collective investment scheme, SEBI,collective investment management company, CIMC

The Border Roads Organisation (BRO) plans to construct over 35,000 metres of bridges over the next five years

The Border Roads Organisation (BRO) plans to construct over 35,000 metres of bridges over the next five years. The cost of building such a bridge would be Rs 6 lakh to Rs 10 lakh a metre. Pre-engineered bridges are vital for the railways, considering that 33,000 of the 133,000 bridges on the Indian Railways network were over 100 years old. Such bridges would help reduce the gestation period of rail connectivity projects, where climate restricts working hours. Railways is also working on

bridge, metres, Jammu Kashmir, railways, The Border Roads Organisation, BRO

The Border Roads Organisation (BRO) plans to construct over 35,000 metres of bridges over the next five years

The Border Roads Organisation (BRO) plans to construct over 35,000 metres of bridges over the next five years. The cost of building such a bridge would be Rs 6 lakh to Rs 10 lakh a metre. Pre-engineered bridges are vital for the railways, considering that 33,000 of the 133,000 bridges on the Indian Railways network were over 100 years old. Such bridges would help reduce the gestation period of rail connectivity projects, where climate restricts working hours. Railways is also working on

bridge, metres, Jammu Kashmir, railways, The Border Roads Organisation, BRO

Monnet, Jindal, GMR, KVK, Ind-barath to start generation by March'14 in Orissa

The 7 of the 29 Mou-signed Independent Power Producers (IPPs) all set to start generation by March, 2014, the Government is optimistic of the Orissa emerging as power-surplus in two years. The State's share from the seven IPPs would be about 1,600 MW. The IPPs, which are expected to go in for production by March 2014 are GMR Kamalanga Energy, Jindal India Thermal Power, Monnet Power Company, Lanco Babandh Power, KVK Nilachal, Ind-Barath Energy (Utkal) and Maa Durga Thermal Power Company.

Ind-barath, GMR power, Jindal power, lPPs, Orissa power

FDI flows from rebound

Foreign direct investments into India from low-tax regimes such as Mauritius, Singapore and Cyprus accounted for 52.6 per cent of the total flows into the country in the first four months of the current fiscal.
The latest performance restores to these three countries the record of accounting for more than half of the annual flows that they had enjoyed in all the earlier years, barring the last two fiscals. Their contribution had slipped to 45 per cent in 2010-11 and 48 per cent in 2011-12.

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Key Policy rates may be cut in fourth quarter: RBI

The Reserve Bank of India is hopeful that a possible moderation in inflation will allow it to cut key policy rates in the fourth quarter of this fiscal. The RBI projects that inflation may rise in the next two months and peak at eight per cent in December, before it begins to moderate in the last quarter. India’s central bank revised its inflation target for the fiscal to 7.5 per cent.
The monetary policy stance is decided not only on the basis of inflation figures but also on the basis of

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Talcher coalfield : contractual workers struck work

Talcher coalfield of Mahanadi Coalfield Ltd (MCL) is suffering from strike of thousands of contractual workers for their demand for higher wages paralysing the coal production and dispatch. This has resulted in no coal dispatch to any power station inside and outside of the state from Talcher which provides coal to eight states. The total production loss is about 1.9 lakh tonne from all the eight open cast mines and there was no coal dispatch from the field due to strike by contractual

contractual workers, Talcher coalfield, Mahanadi coalfiels limited, MCL authorities, coal dispatch

Sweden's SAAB invests Rs 202 cr in Pipavav Defence and Offshore

SAAB AB of Sweden has invested Rs 202 crore in Pipavav Defence and Offshore Engineering Company Limited (PDOECL). Pipavav has issued 2.45 crore shares to SAAB at Rs 82 per share which is at a premium of 7.75 per cent to the average six month’s weekly closing price of Pipavav’s stock price. With this share issue, SAAB will get 3.5 per cent shareholding in the Indian company with an option to increase it further at a later stage. The share price of Pipavav closed at Rs 82.35, up by 0.12

SAAB, PDOECL, Pipavav Defence and Offshore, ship buidling

Orient-Express keeps everybody guessing

The Indian Hotels Company Limited (IHCL) incorporated in 1902, is promoted by the Tata Group. It has long-standing operations spanning over 100 years and operates the largest chain of hotels in South Asia. IHCL, its subsidiaries and associates are widely recognised under the umbrella brand name ‘Taj Hotels Resorts and Palaces’, which has 107 hotels with a room inventory of 12,795 rooms as on March 31, 2011. IHCL has presence across luxury, upper upscale, upscale and value segments of

IHCL, Indian Hotels, hotel Company, Orient-Express, Tata

Tata Teleservices into losses

TATA TELESERVICES (MAHARASHTRA) LIMITED (TTML) has license to provide telecommunication services in Maharashtra (including Mumbai) and Goa. It has operations on the CDMA, GSM and 3G platforms and focuses on all market segments, i.e. commercial, residential and public telephony. The company, alongwith Tata Teleservices Ltd, is one of the country's leading telecom service providers. Together, it has a pan-India presence across all of India's 22 telecom circles and had 78.63 million subscribers

TTML,Tata Teleservices, Goa, telecom circles, Mumbai