The Reserve Bank of India has extended the date for implementation of Basel III, the global capital norms for banks, by three months to April 1. The Reserve Bank of India has rescheduled the start date for implementation of Basel III to April 1, 2013 from January 1, 2013. The RBI, however, did not provide reasons behind the rescheduling.
The move will provide additional time to some banks that need to enhance their capital base in line with the new norms for strengthening the resilience of
Sunday, 30 December 2012
Curse of Coal for Indian Power Sector
India has a total installed capacity of 209,276 megawatt, with states contributing 41 percent, the central power utilities having a share of 30 percent and the remaining 29 percent accounted for by the private sector.
In terms of fuel used, the total thermal capacity is 140,206 megawatt, of which coal accounts for 120,103 megawatt, gas for 18,903 megawatt, and oil for 1,199 megawatt. This apart, hydro power contributes 39,291 megawatt, nuclear around 4,780 megawatt and reneable energy 24,998
In terms of fuel used, the total thermal capacity is 140,206 megawatt, of which coal accounts for 120,103 megawatt, gas for 18,903 megawatt, and oil for 1,199 megawatt. This apart, hydro power contributes 39,291 megawatt, nuclear around 4,780 megawatt and reneable energy 24,998
Curse of Coal for Indian Power Sector
India has a total installed capacity of 209,276 megawatt, with states contributing 41 percent, the central power utilities having a share of 30 percent and the remaining 29 percent accounted for by the private sector.
In terms of fuel used, the total thermal capacity is 140,206 megawatt, of which coal accounts for 120,103 megawatt, gas for 18,903 megawatt, and oil for 1,199 megawatt. This apart, hydro power contributes 39,291 megawatt, nuclear around 4,780 megawatt and reneable energy 24,998
In terms of fuel used, the total thermal capacity is 140,206 megawatt, of which coal accounts for 120,103 megawatt, gas for 18,903 megawatt, and oil for 1,199 megawatt. This apart, hydro power contributes 39,291 megawatt, nuclear around 4,780 megawatt and reneable energy 24,998
Competitive bidding for wind power
The Ministry of New and Renewable Energy (MNRE) wants to make procurement of electricity from renewable sources also through competitive bidding process, just as in the case of conventional power. MNRE has come up with guidelines and standard bidding documents for tariff-based competitive bidding process for grid connected renewable energy power projects and has recommended them to the Ministry of Power for notification.
“Unless explicitly specified in these guidelines, the provisions of
“Unless explicitly specified in these guidelines, the provisions of
Competitive bidding for wind power
The Ministry of New and Renewable Energy (MNRE) wants to make procurement of electricity from renewable sources also through competitive bidding process, just as in the case of conventional power. MNRE has come up with guidelines and standard bidding documents for tariff-based competitive bidding process for grid connected renewable energy power projects and has recommended them to the Ministry of Power for notification.
“Unless explicitly specified in these guidelines, the provisions of
“Unless explicitly specified in these guidelines, the provisions of
Friday, 28 December 2012
Fresnel mirror technology
The ‘Fresnel mirror’ type of CSP system is broadly similar to parabolic trough systems but instead of using trough-shaped mirrors that track the sun, it uses long flat mirrors at different angles that have the effect of focusing sunlight on one or more pipes containing heat-collecting fluid which are mounted above the mirrors. The mirrors change their orientation throughout the day so that sunlight is always concentrated on the heat-collecting pipe.
Originally, Fresnel systems were
Originally, Fresnel systems were
SOLAR THERMAL TECHNOLOGY
Solar thermal generation systems collect solar energy as heat to raise steam for use like a conventional thermal electricity generating plant (steam turbines). Low grade solar heat is used for water heating and, less commonly for air/space heating, solar ponds and solar chimneys. However, it is high temperature solar systems that are most prospective for large scale power generation. Solar thermal technology includes technological approaches for both localized uses and dispatchable uses.
Solar Dish System
The third CSP technological approach, the dish/engine system, uses a mirrored dish concentrator (about 10 times larger than a backyard satellite dish) to focus sunlight onto a thermal receiver and a heat engine/generator. The receiver is located at the focal point of the dish.
To capture the maximum amount of solar energy, the dish assembly tracks the sun across the sky. The receiver is integrated into a high-efficiency “external” combustion engine. The engine has thin tubes containing
To capture the maximum amount of solar energy, the dish assembly tracks the sun across the sky. The receiver is integrated into a high-efficiency “external” combustion engine. The engine has thin tubes containing
Solar Tower Systems
In a power tower system (also called a central receiver), a field of large two-axis, flat, tracking mirrors reflects the solar energy onto a receiver that is mounted on top of a centrally located tower, as shown in figure below;
Solar Tower
The solar energy is absorbed by a working fluid (typically molten salt or water) and then used to generate steam, which powers a conventional turbine. Even when the sun is not shining, some designs can effectively store thermal energy for hours
Solar Tower
The solar energy is absorbed by a working fluid (typically molten salt or water) and then used to generate steam, which powers a conventional turbine. Even when the sun is not shining, some designs can effectively store thermal energy for hours
Parabolic Trough Systems
A trough system consists of a large field of single-axis tracking parabolic concentrators, arranged in parallel rows that focus sunlight on receivers running along the focal lines of the concentrators. The solar field is modular and the rows of concentrators are aligned on a north-south horizontal axis.
The concentrators, which track the sun from east to west during the day in order to keep the sunlight focused on the linear receiver, are made up of parabolic reflectors (mirrors), metal
The concentrators, which track the sun from east to west during the day in order to keep the sunlight focused on the linear receiver, are made up of parabolic reflectors (mirrors), metal
Solar chimney
In a solar chimney, an upward flow of air is induced by heating the air at the base of a tall chimney. The airflow up the chimney drives a turbine which generates electricity. Following an initial 51 kW prototype with a 200 m chimney in Spain, a larger 250 MW plant with a 1,000 m chimney was proposed for southern NSW. Development of this proposal has not proceeded and this technology is not proven for commercial operation.
Solar Chimney
The Sunlight falls on the glass cover surrounding
Solar Chimney
The Sunlight falls on the glass cover surrounding
Solar ponds
A solar pond is a reservoir of salty water that stores solar heat and uses this heat for power generation or other applications. Solar ponds up to 5 MW(e) have been developed and operated in Israel, but are not currently developed for large scale commercial power generation.
Concept of Solar Pond
A pond contains heat in layers of varied temperature the deeper you delve into it, the hotter it gets, seemingly defying a simple heat theory that makes hot-air balloons fly. But this is no
Concept of Solar Pond
A pond contains heat in layers of varied temperature the deeper you delve into it, the hotter it gets, seemingly defying a simple heat theory that makes hot-air balloons fly. But this is no
Solar PV value chain
The Solar PV value chain can be divided into two distinct activity areas of Manufacturing and Generation. Since the industry deals with high degree of technology intensity, another link in the value chain that has occupied an important role in the Indian scenario is standalone services for system design and integration as well as distributed generation applications.
The value chain can be shown as below;
solar pv value chain
The value chain can be shown as below; The polysilicon
The value chain can be shown as below;
solar pv value chain
The value chain can be shown as below; The polysilicon
Solar Integrated System
Standalone services comprise of equipment supply, system design, system integration/installation and maintenance for generation of solar power.
Solar applications represent various forms of distributed generation like solar lanterns, solar water heaters, solar cookers, solar power generation for telecom towers in remote locations, rural electrification and others.
Solar Integrated System
A complete PV integrated system includes:
a. PV modules (which might be thin-film or
Solar applications represent various forms of distributed generation like solar lanterns, solar water heaters, solar cookers, solar power generation for telecom towers in remote locations, rural electrification and others.
Solar Integrated System
A complete PV integrated system includes:
a. PV modules (which might be thin-film or
Solar Module
The global module manufacturing capacity grew by 65% from 2007 to 2008 to reach 10.37 GW and very small incremental capacity in 2009 during the global solar downturn. India currently has a module manufacturing capacity of 1 GW, most of which is exported.
Tata BP, Titan Energy, Moser Baer have some of the larger capacities (80-125 MW) with expansion plans in the wake of the JNNSM requirement of 100% domestic module input for availing incentives. There are many smaller capacities of 30 MW and
Tata BP, Titan Energy, Moser Baer have some of the larger capacities (80-125 MW) with expansion plans in the wake of the JNNSM requirement of 100% domestic module input for availing incentives. There are many smaller capacities of 30 MW and
Solar Cell
The global cell manufacturing capacity grew by 81% from 2007 to 2008 to reach a capacity of 8.8 GW and further to 10 GW in 2009. The Indian cell manufacturing capacity is ~500 MW with few big players like Tata BP Solar (84 MW), Moser Baer (80 MW crystalline & 40 MW thin film), Indo Solar (160 MW), dominating the market. Both Tata BP and Moser Baer have domestic module manufacturing facilities which utilise part of the cell production while the balance is exported.
Cell Manufacturing did
Cell Manufacturing did
Solar Wafer
The global average wafering capacity was up 81% in 2008 from its 2007 levels and stood at 8.3 GW which increased to 10 GW in 2009. The wafering industry also went through the same downturn as the P-Si manufacturing industry. However, India does not have any wafering capacity currently.
Realising the impending domestic demand for wafers owing to the JNNSM, many manufacturers have submitted plans to set up wafer manufacturing capacities in India and many of them have received in-principle
Realising the impending domestic demand for wafers owing to the JNNSM, many manufacturers have submitted plans to set up wafer manufacturing capacities in India and many of them have received in-principle
Solar Thin film materials
Thin film technology uses a variety of materials like Cadmium Telluride (CdTe), Amorphous Silicon (a-Si), Tandem Microcrystalline, Copper Indium Gallium Selenide (CIGS) etc. Thin film components are cheaper to manufacture owing to their reduced material costs, energy costs, handling costs and capital costs.
Thin Film Material
This technology has been used primarily because of shortage of crystalline raw material and ready availability of these raw materials in the electronics
Thin Film Material
This technology has been used primarily because of shortage of crystalline raw material and ready availability of these raw materials in the electronics
Poly-silicon (P-Si)
Metallurgical grade poly-silicon is the primary material of wafers used to fabricate crystalline silicon (c-Si) solar cells. It alone can account for 15-20% of the cost of a PV module. Currently India has minimal P-Si manufacturing capacity because of which Indian cell manufacturers are largely dependent on international tie-up for P-Si. This has been the most supply constrained element of the value chain globally and can have a cascading effect on the eventual cost of generation. This is the
Wipro to demerge its non core business
Wipro Limited, India's third largest IT exporter, promoted by billionaire Azim Premeji intends to reduce the promoter's stake in the company through this demerger. Presently, the promoter holding in Wipro is about 78.31 per cent. As per SEBI guidelines the promoters would have had to pare their holdings in the company to below 75 per cent before June 2013. The market regulator has approved Wipro’s demerger route for the compliance of minimum public shareholding requirement.
Wipro Ltd is
Wipro Ltd is
Hinduja Foundries in BIFR
The promoters of Hinduja Foundries was referred to BIFR founded by the promoters -- Ashok Leyland and Hinduja Automotive -- said that the company was impacted due to three issues;
First the external, which relate to market conditions and power issue in the state of Tamil Nadu and Andhra Pradesh.
The second factor relates to internal processes, production and quality and ;
third factor was one time charge related to VRS and writing off loss as way of Bad debts.
It may be noted,
First the external, which relate to market conditions and power issue in the state of Tamil Nadu and Andhra Pradesh.
The second factor relates to internal processes, production and quality and ;
third factor was one time charge related to VRS and writing off loss as way of Bad debts.
It may be noted,
Thursday, 27 December 2012
Solar emerging technologies
Micromorph technology (ASi + μCSi) is a relatively new development over multi-junction (double and triple junction) Amorphous Silicon technology. It is projected to evolve as a potential competitor to CdTe in the Thin-Film family.
Several new technologies are being pursued mainly from the point of view of achieving high conversion efficiency and cost reduction possibilities through cheaper and abundantly available materials. Carbon nanotubes, quantum dot cells, dye sensitized cells and
Several new technologies are being pursued mainly from the point of view of achieving high conversion efficiency and cost reduction possibilities through cheaper and abundantly available materials. Carbon nanotubes, quantum dot cells, dye sensitized cells and
Types Of Solar Cells
Photovoltaic modules that produce up to 100W or more of power are constructed by bringing together and connecting an array of solar cells. The properties of the module depend on the type of solar cell used. The following are the three main technologies currently used to create solar cells:
1. Crystalline solar cells:
The foundation for crystalline solar cell production lies with a block of silicon ingot, which is sawn into thin silicon wafers. The sawn wafers of 1mm thickness are then placed
1. Crystalline solar cells:
The foundation for crystalline solar cell production lies with a block of silicon ingot, which is sawn into thin silicon wafers. The sawn wafers of 1mm thickness are then placed
Solar Photo-Voltaic (SPV) technology
Solar Photo-Voltaic (SPV) technology converts solar energy into useful energy forms by directly absorbing solar photons—particles of light that act as individual units of energy—and either converting part of the energy to electricity (as in a PV cell) or storing part of the energy in a chemical reaction (as in the conversion of water to hydrogen and oxygen).
For more details;
History of Photovoltaics
Current PV Technology
Working of PV Cell
Photovoltaic System
For more details;
History of Photovoltaics
Current PV Technology
Working of PV Cell
Photovoltaic System
Polycrystalline silicon
Multicrystalline PV involves a cheaper manufacturing process than monocrystalline silicon with the cells being cut from an ingot of melted and re-crystallized silicon. Sliced from blocks of cast silicon, these wafers/cells are both less expensive to manufacture and less efficient than single-crystal silicon cells. Research cells approach 24- percent efficiency, and commercial modules approach 16-percent efficiency. Polycrystalline silicon panels have efficiencies of 12% to 14% and can often be
Monocrystalline silicon
This is the most efficient technology to date. The PV is made from single crystals of silicon. This type of PV is the most expensive. Sliced from single-crystal boules of grown silicon, these wafers/cells are now cut as thin as 200 microns. Research cells have reached nearly 28 percent efficiency; with commercial modules of single-crystal cells exceeding 18%. Monocrystalline silicon panels should be utilized when a higher voltage is desirable.
Monocrystalline Silicon cell
This would be
Monocrystalline Silicon cell
This would be
Game changer for Aviation sector
The number of passengers carried by domestic airlines showed a decline from the first quarter of 2012, after a gap of almost five years. Many feel that this was because airlines stopped irrational pricing or offering tickets at below their cost price.
The cost of air travel heading northward hence there was a decline in the number of passengers flying. The industry is taking various steps including offering lower fares to those who book well in advance. At the moment, it remains unclear
The cost of air travel heading northward hence there was a decline in the number of passengers flying. The industry is taking various steps including offering lower fares to those who book well in advance. At the moment, it remains unclear
Ratan Tata and tales of his adventures
Ratan Tata took over as chairman of the Tata Group in 1991, the majority perception was that the untested nephew of J R D Tata would be a pushover. 21 years later, as he hands over the baton of the much celebrated group to 44-year old Cyrus Mistry today, all that is a distant memory. Ratan Tata, 75, has led the transformation of the group to a $100-billion-plus global conglomerate. Mistry inherits a global conglomerate that is 51 times bigger than in 1991 and the group has grown at a compound
Game changer for Aviation sector
The number of passengers carried by domestic airlines showed a decline from the first quarter of 2012, after a gap of almost five years. Many feel that this was because airlines stopped irrational pricing or offering tickets at below their cost price.
The cost of air travel heading northward hence there was a decline in the number of passengers flying. The industry is taking various steps including offering lower fares to those who book well in advance. At the moment, it remains unclear
The cost of air travel heading northward hence there was a decline in the number of passengers flying. The industry is taking various steps including offering lower fares to those who book well in advance. At the moment, it remains unclear
Ratan Tata and tales of his adventures
Ratan Tata took over as chairman of the Tata Group in 1991, the majority perception was that the untested nephew of J R D Tata would be a pushover. 21 years later, as he hands over the baton of the much celebrated group to 44-year old Cyrus Mistry today, all that is a distant memory. Ratan Tata, 75, has led the transformation of the group to a $100-billion-plus global conglomerate. Mistry inherits a global conglomerate that is 51 times bigger than in 1991 and the group has grown at a compound
Photovoltaic System components
Although a PV array produces power when exposed to sunlight, a number of other components are required to properly conduct, control, convert, distribute, and store the energy produced by the array. Figure below show a basic diagram of a photovoltaic system and the relationship of individual components.
PhotoVoltaic System
Depending on the functional and operational requirements of the system, the specific components required, and may include major components such as a DC-AC power
PhotoVoltaic System
Depending on the functional and operational requirements of the system, the specific components required, and may include major components such as a DC-AC power
Accessory Equipments
1. Charge Controller - It prevents battery overcharging and prolongs the battery life of PV system. Regardless of the battery type chosen for a particular system, a charge controller remains an essential component. The primary function of a charge controller is to prevent the battery bank from being overcharged when there is abundant solar insolation available. Overcharging a battery can lead to electrolyte imbalances and depletion. In cases of severe overcharging, batteries can be completely
Balance of System Components
There are many more bits and pieces required before proceeding from boxes of parts to a completed system.
1. Conductors
PV systems always incorporate DC circuits and often utilize an inverter for AC circuitry as well. AC and DC wiring systems have distinct requirements and should never be mixed in conduit, raceways, or junction boxes. DC systems are typically low voltage (< 48 VDC) and thus require much larger wire sizes than AC systems. Indeed, the wire size required to avoid unacceptable
1. Conductors
PV systems always incorporate DC circuits and often utilize an inverter for AC circuitry as well. AC and DC wiring systems have distinct requirements and should never be mixed in conduit, raceways, or junction boxes. DC systems are typically low voltage (< 48 VDC) and thus require much larger wire sizes than AC systems. Indeed, the wire size required to avoid unacceptable
Solar Batteries
Batteries are often used in PV systems for the purpose of storing energy produced by the PV array during the day, and to supply it to electrical loads as needed (during the night and periods of cloudy weather).
Other reasons batteries are used in PV systems are to operate the PV array near its maximum power point, to power electrical loads at stable voltages, and to supply surge currents to electrical loads and inverters.
Solar Power battery
In most cases, a battery charge
Other reasons batteries are used in PV systems are to operate the PV array near its maximum power point, to power electrical loads at stable voltages, and to supply surge currents to electrical loads and inverters.
Solar Power battery
In most cases, a battery charge
Utility Meter
Utility power is automatically provided at night and during the day when the demand exceeds your solar electric power production. The utility meter actually spins backwards when solar power production exceeds house demand, allowing you to credit any excess electricity against future utility bills.
There are two types of residential electrical metering options. The distributor generally makes use of the standard electrical meter seen in most residences.
Solar metering
When power is
There are two types of residential electrical metering options. The distributor generally makes use of the standard electrical meter seen in most residences.
Solar metering
When power is
Mounting Structures
Generally, solar modules do not have the structure needed to withstand wind loading, and so must be mounted on a mounting structure. Mounting structures are usually made of steel or aluminum and may be attached to the roof of the home in a fashion similar to that for solar water-heating panels. Mounting structures may be fixed mount, may allow the array to be tilted seasonally, or may, on pole mounts, be able to track the sun.
Mounting Structures
The mounting structures are
Mounting Structures
The mounting structures are
Solar Inverters
PV cells, modules, and arrays produce direct current (DC). Electric loads that are not connected to the utility grid can use the PV-generated power if they are designed to operate on direct current.
The device that converts DC to AC is called an inverter. These inverters do not need the utilities voltage and frequency reference to produce AC. Inverters that are connected to the utility grid produce AC with electrical characteristics much like utility-generated AC by sensing utility’s
The device that converts DC to AC is called an inverter. These inverters do not need the utilities voltage and frequency reference to produce AC. Inverters that are connected to the utility grid produce AC with electrical characteristics much like utility-generated AC by sensing utility’s
Combiner Box
Modules are commonly connected into an electrical string to produce the desired voltage and amperage. The resulting wires from each string are routed to the combiner box.
In this box all the strings are combined into one electrical output that is then fed to the inverter. In this picture, ten strings of modules are fed through fuses to produce a single output. The black cylinder on the right hand side of the combiner box is a lightning arrestor.
Combiner Box
To avoid having
In this box all the strings are combined into one electrical output that is then fed to the inverter. In this picture, ten strings of modules are fed through fuses to produce a single output. The black cylinder on the right hand side of the combiner box is a lightning arrestor.
Combiner Box
To avoid having
Solar Panels
Modules are commonly connected in series and parallel strings to form what is called an array. The output of an array can be designed to meet almost any electric requirement, large or small. The picture below shows an array that has a peak DC rating of 4.5 kilowatts.
Solar Panels
Modules are commonly connected in series and parallel strings to form what is called an array. The output of an array can be designed to meet almost any electric requirement, large or small. The picture below
Solar Panels
Modules are commonly connected in series and parallel strings to form what is called an array. The output of an array can be designed to meet almost any electric requirement, large or small. The picture below
Working of PV Cell
PV technology converts sunlight (direct and scattered) directly into electricity when a PV cell absorbs and transfers the energy of the light to electrons in the atoms of the cell. A typical silicon PV cell is composed of a thin wafer consisting of an ultra-thin layer of phosphorus-doped (N-type) silicon on top of a thicker layer of boron-doped (P-type) silicon. The process through which the device converts sunlight into electricity is called the photoelectric effect. An electrical field is
Current PV Technology
Photovoltaics (PV) or solar cells are semiconductor devices that convert sunlight into direct current (DC) electricity. Groups of PV cells are electrically configured into modules and arrays, which can be used to charge batteries, operate motors, and to power any number of electrical loads.
With the appropriate power conversion equipment, PV systems can produce alternating current (AC) compatible with any conventional appliances, and operate in parallel with and interconnected to the utility
With the appropriate power conversion equipment, PV systems can produce alternating current (AC) compatible with any conventional appliances, and operate in parallel with and interconnected to the utility
History of Photovoltaics
The first PV cells were produced in the late 1950s, and throughout the 1960s they were principally used to provide electrical power for earth-orbiting satellites. In the 1970s, improvements in manufacturing, performance, and quality of PV modules helped to reduce costs and opened up a number of opportunities for powering remote terrestrial applications, including battery charging for navigational aids, signals, telecommunications equipment, and other critical, low-power needs.
Following the
Following the
Asian Genco projects are suffering
Indian power sector has been financed by many merquee funds included General Atlantic, Morgan Stanley, Norwest Partners, Everstone and Goldman Sachs. The financing by the PE biggies was the biggest equity transaction in the power sector till 2010 and touted as endorsing the fundamentals of the sector in India.
Today, all these major the marquee investors are wondering at the fate of their investments most projects of Asian Genco in India have been delayed considerably and face massive cost
Today, all these major the marquee investors are wondering at the fate of their investments most projects of Asian Genco in India have been delayed considerably and face massive cost
Wednesday, 26 December 2012
Lanco's Griffin Coal in receipt from Bluewaters Power
Indian infra giant Lanco's, Australian subsidiary Griffin Coal will get 50 million Australian dollar as an upfront payment from Bluewaters Power in January towards long-term coal supply agreement, this would help Griffin Coal to meet its financial requirements for the next seven to eight months. Lanco India already made 132 million Australian dollar of funds available to Griffin Coal from July 2011 to October 2012, approximately 10 million Australian dollar per month.
The agreement with
The agreement with
Tata Steel carrying burden of Corus
Ratan Tata was told by a group of very satisfied executives that they had managed a cost reduction of Rs 350 a tonne but Tata’s response was a clear expression of disappointment: “Your promise is with me, you don’t have to make another promise. What is at stake is your prestige and reputation.”
The message was, therefore, loud and clear: By March, costs were brought down by Rs 500 a tonne even though there was an increase on almost every other count, including railway freight.
The message was, therefore, loud and clear: By March, costs were brought down by Rs 500 a tonne even though there was an increase on almost every other count, including railway freight.
Air travellers from Mumbai have to pay the development fee
Air travellers from Mumbai may have to pay the development fee for seven more years, till April 2021. Currently, the airport handles close to 9 lakh domestic and 4 lakh international passengers a month. The airport charges a development fee of Rs 100 from every passenger taking a domestic flight and Rs 600 from those going abroad. The fee was initially supposed to be in place till March 2014.
The Airports Economic Regulatory Authority (AREA) has allowed the tenure for which development fee
The Airports Economic Regulatory Authority (AREA) has allowed the tenure for which development fee
FIPB approval till December, 2012
The Foreign Investment Promotion Board (FIPB) has rejected Mahindra and Mahindra’s proposal to form a defence joint venture with Israel’s Rafael Advanced Defence System even as it approved 12 other foreign direct investment proposals worth Rs 802 crore.
Among the key proposals that received the Government’s green signal is the Rs 300 crore proposal by Ratnakar Bank for foreign equity infusion. The proposal of Swedish furniture major IKEA has been recommended for consideration by the
Among the key proposals that received the Government’s green signal is the Rs 300 crore proposal by Ratnakar Bank for foreign equity infusion. The proposal of Swedish furniture major IKEA has been recommended for consideration by the
Servion expanding to Thailand
Servion Global Solutions, a Chennai-based provider of customer interaction management (CIM) solutions, is planning to open a subsidiary in Thailand in January 2013 to capitalise the booming call centre industry in that country. There has been a huge change in consumers’ interaction with brands over the last few years. Companies today are grappling with managing constantlychanging expectations and operating numerous touch points created to connect with consumers, be it over the Internet, via
ITC's business overview
ITC, over the last couple of years, is known to have increased prices of its key brands before the Union budget is presented in Parliament, to offset a hike in duty. This year, too, the market is expecting ITC to hike prices of its Classic and Navy Cut brands in the fourth quarter, good for earnings.
Even if ITC retains prices at current levels, its earnings before tax from the cigarette division would be strong, as it has increased prices by 23% across its cigarette portfolio, while the duty
Even if ITC retains prices at current levels, its earnings before tax from the cigarette division would be strong, as it has increased prices by 23% across its cigarette portfolio, while the duty
ITC cigarette, ITC price hike, ITC increased prices, ITC growth, ITC retains prices, ITC FMCG prices
EID Parry's call centre for farmers
EID Parry (India) Limited, the manufacturer of sugar and part of the Rs 22,314 crore Murugappa Group announced the launch of a call centre solution for the farming community. The initiative will benefit around 90,000 farmers registered with EID Parry (India) Limited at five locations in Tamil Nadu and Puducherry.
The farmers registered with EID Parry will gain access to real-time information about land preparation, advice on soil condition and fertiliser application, cane cultivation
The farmers registered with EID Parry will gain access to real-time information about land preparation, advice on soil condition and fertiliser application, cane cultivation
ITC's business overview
ITC, over the last couple of years, is known to have increased prices of its key brands before the Union budget is presented in Parliament, to offset a hike in duty. This year, too, the market is expecting ITC to hike prices of its Classic and Navy Cut brands in the fourth quarter, good for earnings.
Even if ITC retains prices at current levels, its earnings before tax from the cigarette division would be strong, as it has increased prices by 23% across its cigarette portfolio, while the duty
Even if ITC retains prices at current levels, its earnings before tax from the cigarette division would be strong, as it has increased prices by 23% across its cigarette portfolio, while the duty
ITC cigarette, ITC price hike, ITC increased prices, ITC growth, ITC retains prices, ITC FMCG prices
EID Parry's call centre for farmers
EID Parry (India) Limited, the manufacturer of sugar and part of the Rs 22,314 crore Murugappa Group announced the launch of a call centre solution for the farming community. The initiative will benefit around 90,000 farmers registered with EID Parry (India) Limited at five locations in Tamil Nadu and Puducherry.
The farmers registered with EID Parry will gain access to real-time information about land preparation, advice on soil condition and fertiliser application, cane cultivation
The farmers registered with EID Parry will gain access to real-time information about land preparation, advice on soil condition and fertiliser application, cane cultivation
Essar Ports emmerges sole bidder for Chennai port’s mega box terminal
Essar Ports is the lone bidder for the Rs 3,700 crore mega container terminal project at Chennai port. It has offered a revenue share of 5.25 per cent for the project, slightly above the 5 per cent Adani Ports offered in the earlier bid that take place in last bidding.
The two Indian groups Essar and Adani were the only bidders for the project, designed to handle four million 20-foot containers annually. Adani could not get security clearance on time, leaving Essar as the lone bidder, said a
The two Indian groups Essar and Adani were the only bidders for the project, designed to handle four million 20-foot containers annually. Adani could not get security clearance on time, leaving Essar as the lone bidder, said a
Essar Power commissions 600 MW Mahan power project
Essar Power, a subsidiary of Essar Energy Plc announced that the 600 megawatt (MW) unit is part of its 1,200 MW Mahan I power project. This 600 MW capacity is the largest size single unit commissioned in Madhya Pradesh. Mahan I, in Madhya Pradesh, is Essar Power’s eighth operational power plant, taking its total generation capacity to 3,910 MW. Till May 2010, when the company launched its IPO it had total generation capacity of 1,220MW.
Essar Energy is now focussing on the development of
Essar Energy is now focussing on the development of
OTPCL power plant asks NTPC's help
The 2,400 MW project of OTPCL proposed at Kamakhyanagar in Dhenkanal district and taken up a cost of Rs 10,000 crore, needs 1,969.78 acres of land which includes 987.77 acres of government land and 83.94 acres of forest land in addition to 982.015 acres of private land.
The country’s biggest power generation utility,National Thermal Power Corporation ( NTPC), is expected to offer consultancy support to state owned Odisha Thermal Power Corporation Ltd (OTPCL) for its 2,400 MW coal-fired
The country’s biggest power generation utility,National Thermal Power Corporation ( NTPC), is expected to offer consultancy support to state owned Odisha Thermal Power Corporation Ltd (OTPCL) for its 2,400 MW coal-fired
Uniform norms for telecom infrastructure
The tower radiation concerns debacle the Cellular Operators’ Association of India (COAI) has begun a nationwide campaign, asking the States to come out with a telecom infrastructure policy, prescribing uniform guidelines. A team comprising COAI and some industry representatives have met Principal Secretary (Information Technology and Communication) and submitted a memorandum, requesting the State to look into the issue.
The absence of a policy was playing its bit in curtailing in the
The absence of a policy was playing its bit in curtailing in the
Hindustan Aeronautics producing advanced fighter jets
The signing of a contract worth around $2.2 billion between India and Russia for licence production of 42 Su-30MKIs marks a significant step in the Hindustan Aeronautics Limited (HAL)’s preparedness to manufacture fighter aircrafts indigenously. The 42 aircrafts would be built at the HAL’s Nashik plant and delivered to the Indian Air Force in the next 4-5 years.
The Indo-Russian deal signed yesterday is the process will signify India’s capability to indigenously build modern world-class
The Indo-Russian deal signed yesterday is the process will signify India’s capability to indigenously build modern world-class
PGCIL and OPTCL forms Joint Venture
Power Grid Corporation of India Ltd (PGCIL), the national power carrier, has formed a joint venture (JV) with Odisha Power Transmission Company Ltd (OPTCL) to develop transmission lines in the state. The JV would ensure better power connectivity and less disruptions in power transmission within the state as PGCIL would bring in its world-class expertise and technology through the JV company. It also means establishment of more grid stations and more back-up facilities in case of sudden power
Tata Motors invests heavily in R&D
Tata is losing traction at home as underwhelming product tweaks, heavy discounts and slumping capacity utilisation mark a painful 18 months for its passenger division.
At Tata's plant in Pimpri, 140 km (87 miles) from Mumbai, most space is taken by commercial vehicle manufacturing. Building buses and goods trucks for India's bone-jangling roads is the 67-year-old company's bread and butter. Tata, the world's fourth-largest truckmaker, has spent much of the past few years devoted to its
At Tata's plant in Pimpri, 140 km (87 miles) from Mumbai, most space is taken by commercial vehicle manufacturing. Building buses and goods trucks for India's bone-jangling roads is the 67-year-old company's bread and butter. Tata, the world's fourth-largest truckmaker, has spent much of the past few years devoted to its
Instagram is sued over privacy rights
A lawsuit is seeking to stop Instagram from changing its terms of service, saying the Facebook owned smartphone photo-sharing service is breaching its contract with users. The class action lawsuit filed Friday by the Southern California-based Finkelstein and Krinsk law firm called on the federal court to bar Instagram from changing its rules.
Instagram is taking its customers property rights while insulating itself from all liability. The law firm said in the filing, which also demanded that
Instagram is taking its customers property rights while insulating itself from all liability. The law firm said in the filing, which also demanded that
Parle to be in market soon with Mango bites
The yellow and green colour wrapped candy, Mango Bite a product of Parle was out of the market since mid-October, will again be made available. On December 19, the Bombay High Court directed the food and drug administration ( FDA) to release 39 batches of ‘ Kaccha Mango Bite’ candy to the producer, Parle Biscuits, a unit of Parle Products by February 1. It also directed release of seized lactic acid.
The Maharashtra unit of FDA, in October, had asked the manufacturer to recall from
The Maharashtra unit of FDA, in October, had asked the manufacturer to recall from
Tuesday, 25 December 2012
JK Tyres plans expansion at Mysore plant
J K Tyres and Industries Ltd (JKTIL) is planning to expand the production capacity of truck and bus radial tyres at an investment of Rs 476.5 crore at its Mysore plant in Karnataka. The Karnataka government has recently approved the company’s proposal to expand the capacity.
Once the expansion programme is completed, its capacity will go up to 1.06 million tyres from the present 367,000 tyres per annum. The company has indicated that it will fresh employ about 484 persons.
Earlier, the
Once the expansion programme is completed, its capacity will go up to 1.06 million tyres from the present 367,000 tyres per annum. The company has indicated that it will fresh employ about 484 persons.
Earlier, the
JK tyres, JK tyre expansion programme, JK tyres approved proposal, jk tyre mysore plant
Reliance Power offload shares to meet SEBI requirement
Reliance Power's founder companies including Reliance Infrastructure (India's No. 2 private power producer ) have raised 15 billion rupees by selling a 5.42 percent stake in the Indian firm. The sale helps to meet a regulatory requirement mandating listed companies to make at least a quarter of their equity available for public trading.
Billionaire Anil Ambani's group companies sold a total 152 million shares at 95 rupees apiece, Reliance said, a 3 percent discount to Wednesday's closing
Billionaire Anil Ambani's group companies sold a total 152 million shares at 95 rupees apiece, Reliance said, a 3 percent discount to Wednesday's closing
Reliance Power offload shares to meet SEBI requirement
Reliance Power's founder companies including Reliance Infrastructure (India's No. 2 private power producer ) have raised 15 billion rupees by selling a 5.42 percent stake in the Indian firm. The sale helps to meet a regulatory requirement mandating listed companies to make at least a quarter of their equity available for public trading.
Billionaire Anil Ambani's group companies sold a total 152 million shares at 95 rupees apiece, Reliance said, a 3 percent discount to Wednesday's closing
Billionaire Anil Ambani's group companies sold a total 152 million shares at 95 rupees apiece, Reliance said, a 3 percent discount to Wednesday's closing
Cairn India's Bhagyam field production may affect
The Cairn India is although the best play in the upstream oil and gas private sector, it is becoming apparent that getting the requisite regulatory approvals might not happen, as a result, production ramp-up could also be delayed in near future.
Cairn India’s management has recently conveyed to analysts that it is producing 173,000-175,000 barrels per day (bpd) from its oil fields. However, from here, growth in production would be slower, as the Bhagyam field’s production of 23,000 bpd is
Cairn India’s management has recently conveyed to analysts that it is producing 173,000-175,000 barrels per day (bpd) from its oil fields. However, from here, growth in production would be slower, as the Bhagyam field’s production of 23,000 bpd is
Cairn India's Bhagyam field production may affect
The Cairn India is although the best play in the upstream oil and gas private sector, it is becoming apparent that getting the requisite regulatory approvals might not happen, as a result, production ramp-up could also be delayed in near future.
Cairn India’s management has recently conveyed to analysts that it is producing 173,000-175,000 barrels per day (bpd) from its oil fields. However, from here, growth in production would be slower, as the Bhagyam field’s production of 23,000 bpd is
Cairn India’s management has recently conveyed to analysts that it is producing 173,000-175,000 barrels per day (bpd) from its oil fields. However, from here, growth in production would be slower, as the Bhagyam field’s production of 23,000 bpd is
Monday, 24 December 2012
IKEA to enter India with signature cafes
IKEA, the world’s largest furniture retail chain, may settle for fewer product categories in the Indian market than it had proposed in its application to the Foreign Investment Promotion Board ( FIPB), but it is unlikely to compromise on the “concept” the Scandinavian company represents across countries, according to sources in the know. The fight is for the signature café, restaurant and the Swedish meat ball IKEA is known for, besides its furniture stores. When FIPB cleared IKEA’s
Separate FSAs for private and public players
The power as well as coal ministries are vowing to break the logjam on fuel supply agreements (FSA), Union Coal Minister, Sriprakash Jaiswal said that there would only be a single draft fuel supply agreement for both public and private power companies, contrary to the revised FSA draft cleared by the Coal India Ltd. (CIL) board in September.
There will be no separate FSAs. There will only be one single FSA for both private and public parties. However, ministry would not change the draft as
There will be no separate FSAs. There will only be one single FSA for both private and public parties. However, ministry would not change the draft as
Russian sovereign wealth fund (RDIF) & SBI plan investment fund
The Russian sovereign wealth fund RDIF and State Bank of India plan to set up a $2 billion investment consortium aimed at promoting mutual investments between the two countries. The $10 billion-Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund.
A Memorandum of Understanding (MoU) for setting up the consortium would be signed later today between RDIF and SBI, as part of Russian President Vladimir Putin's official visit to India. RDIF and State Bank of India would each
A Memorandum of Understanding (MoU) for setting up the consortium would be signed later today between RDIF and SBI, as part of Russian President Vladimir Putin's official visit to India. RDIF and State Bank of India would each
Lanco Infra won legal battle against Perdaman Chemicals, Australia
Lanco Infratech Limited (LITL), an integrated infrastructure conglomerate with global footprints, today said that the Supreme Court of Western Australia has given its judgement in favour of Lanco and has allowed the Griffin Coal Mining Company Pty Ltd (GCMC), a subsidiary of Lanco Infratech Limited, to enter into revised coal supply agreement (CSA) with the Griffin Power entities.
The Australian court has rejected the contention of Perdaman Chemicals and Fertilizers Pty Ltd (PCFL). The
The Australian court has rejected the contention of Perdaman Chemicals and Fertilizers Pty Ltd (PCFL). The
Russian sovereign wealth fund (RDIF) & SBI plan investment fund
The Russian sovereign wealth fund RDIF and State Bank of India plan to set up a $2 billion investment consortium aimed at promoting mutual investments between the two countries. The $10 billion-Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund.
A Memorandum of Understanding (MoU) for setting up the consortium would be signed later today between RDIF and SBI, as part of Russian President Vladimir Putin's official visit to India. RDIF and State Bank of India would each
A Memorandum of Understanding (MoU) for setting up the consortium would be signed later today between RDIF and SBI, as part of Russian President Vladimir Putin's official visit to India. RDIF and State Bank of India would each
Retailers to adapt for device switch shoppers
Many online retailers had visions of holiday shoppers lounging beneath the Christmas tree with their mobile devices in hand, making purchases. The size of the average order on tablets, particularly iPads, tends to be bigger than on PCs. So retailers poured money and marketing into mobile Web sites and apps with rich images and, they thought, easy checkout. But while visits to e-commerce sites and apps on tablets and phones have nearly doubled since last year, consumers are more frequently using
To keep the economy in check
Steps like diesel price hike and cut in subsidised LPG cylinders are only few steps and the Government needs to take more painful decisions to keep the subsidy bill under check, Chief Economic Advisor to the Finance Ministry Raghuram Rajan has said. Rajan further said that the revised fiscal deficit target of 5.3 per cent of GDP is achievable, but it would require a fair amount of painful decisions.
The Government’s subsidy bill, which has been estimated at around Rs 1.80 lakh crore in the
The Government’s subsidy bill, which has been estimated at around Rs 1.80 lakh crore in the
Green tribunal asks Essar Steel not to use water from River
The National Green Tribunal (NGT) has directed against use of the river water contrary to the agreement between the state government and the Essar Steel Orissa which was also ordered not to execute the project without Forest Clearance.
A Memorandum of Understanding signed between Essar Steel and Odisha Government on April 21, 2005 to set up a steel power plant at Paradeep in Jagatsinghpur district, the applicants said "under the project Essar Steel has proposed to set up a 10.7 MTPA capacity
A Memorandum of Understanding signed between Essar Steel and Odisha Government on April 21, 2005 to set up a steel power plant at Paradeep in Jagatsinghpur district, the applicants said "under the project Essar Steel has proposed to set up a 10.7 MTPA capacity
Sunday, 23 December 2012
Railways to hike passenger fares
The Railways facing a mounting deficit of over Rs 20,000 crore in the passenger segment. The railways is keen on hiking passenger fares between 5-10 paise per km in the coming months to generate about Rs 4,000-crore revenue. The hike could come close on the heels of railways finalising the broader contours of the proposed Rail Tariff Authority (RTA), which would be placed before Cabinet in January.
The passenger fares should be hiked by 5 paise to 10 paise per km in the Rail Budget (2013-14).
The passenger fares should be hiked by 5 paise to 10 paise per km in the Rail Budget (2013-14).
Optical fibre lines in Gurgaon for state utilities
The central power transmission utility, Power Grid Corporation of India (PGCIL), has signed a lease agreement with Haryana's main power distributor to install optical fibre lines in Gurgaon and Panchkula. As per the terms of the contract, PGCIL will be leasing out optical lines already owned by the Haryana Vidyut Prasaran Nigam (HVPN), apart from being granted the right of way in some areas for installation of new optical ground wires. About 10 km of optical fibre lines, which are owned by the
Oil and gas exploration and production issues
The Policy Regime with the unexpected tinkering has proved a deterrent for upstream companies both public and private industry players. The Rangarajan Committee is able to offer solace to companies in India’s oil and gas exploration and production (EP) is yet to be seen.
India offers one of the best production sharing contract (PSCs) regimes, the tampering bothers the industry and has kept many big players at bay.
The Government in May constituted a committee headed by C. Rangarajan,
India offers one of the best production sharing contract (PSCs) regimes, the tampering bothers the industry and has kept many big players at bay.
The Government in May constituted a committee headed by C. Rangarajan,
A business trust model to public issue
The Mobile tower company Viom Networks feels a business trust model is best suited for its corporate entity that it proposes to list shortly. However, a ‘Business Trust’, not currently allowed in India, is a legal entity that acts as fiduciary, agent or trustee on behalf of a person or business entity for the purpose of administration, management and the eventual transfer of assets to a beneficial party.
Most of cases, for the infrastructure asset based companies, trust model is
Most of cases, for the infrastructure asset based companies, trust model is
Road ahead for Cyrus Mistry and Tata empire
Cyrus Mistry, who takes over the reins of Tata group from Ratan Tata can surely hit the ground running. For, Ratan Tata is passing on to Mistry a group much bigger, more profitable, more diversified and financially stronger than what he inherited from his uncle, JRD Tata, in 1991.
Mistry will be chairman when Tata Sons is firmly in control, with a shareholding of well above 30 per cent in all group companies. He inherits a group 51 times larger in terms of revenues and profits than Tata did in
Mistry will be chairman when Tata Sons is firmly in control, with a shareholding of well above 30 per cent in all group companies. He inherits a group 51 times larger in terms of revenues and profits than Tata did in
Ratan Tata Cyrus Mistry, Tata group Cyrus Mistry, Ratan cyrus, new Tata Cyrus mistry, Cyrus mistry
UPCL has wiped out its networth
The Uttarakhand Power Corporation Limited (UPCL), the sole power distribution company in the Uttarakhand state, has been criticised by the Comptroller and Auditor General (CAG) for its huge accumulated losses of Rs 1,960.11 crore, which in turn eroded its entire capital and reserves by 2010-11.
UPCL's accumulated losses increased year-after-year and the entire capital including reserves was eroded by 2010-11. The CAG also censured the UPCL for failing to take adequate and effective measures
UPCL's accumulated losses increased year-after-year and the entire capital including reserves was eroded by 2010-11. The CAG also censured the UPCL for failing to take adequate and effective measures
UPCL has wiped out its networth
The Uttarakhand Power Corporation Limited (UPCL), the sole power distribution company in the Uttarakhand state, has been criticised by the Comptroller and Auditor General (CAG) for its huge accumulated losses of Rs 1,960.11 crore, which in turn eroded its entire capital and reserves by 2010-11.
UPCL's accumulated losses increased year-after-year and the entire capital including reserves was eroded by 2010-11. The CAG also censured the UPCL for failing to take adequate and effective measures
UPCL's accumulated losses increased year-after-year and the entire capital including reserves was eroded by 2010-11. The CAG also censured the UPCL for failing to take adequate and effective measures
Citi questions No1 slot for Goldman Sachs
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Saturday, 22 December 2012
Corporate Scandals - Parmalat
Investors become concerned about the group's accounts in March 2003 when the company failed to place bonds worth up to EUR 500m with investors. In December 2003 the company missed a bond payment it was disclosed that Bonlat, a Parmalat subsidiary in theCayman Islands, did not have accounts worth almost EUR4bn at Bank of America. A scanning machine had been used to forge BoA documents, which were then sent to auditors who certified the accounts. Cayman seems to provide a key link in the network
Corporate Scandal - Arthur Anderson
Energy giant Enron went from being America's seventh biggest company to being biggest bankruptcy in United States corporate history. Enron's success had been based on artificially inflated profits and on accounting practices that had kept hundreds of millions of dollars in debt off its books.
Andersen's role
Arthur Andersen's job was to check Enron's accounts and to make sure they were an accurate reflection of the state of the business. The auditor would have been expected to spot large
Andersen's role
Arthur Andersen's job was to check Enron's accounts and to make sure they were an accurate reflection of the state of the business. The auditor would have been expected to spot large
Corporate Scandals - Enron
Enron grew to be America's seventh largest company, employing 21,000 staff in more than 40 countries in just 15 years. It started out as a pipeline company, and transformed itself into an energy trader, buying and selling power. Among other businesses, Enron was engaged in the purchase and sale of natural gas, construction and ownership of pipelines and power facilities, provision of telecommunications services, and trading in contracts to buy and sell various commodities. It expanded into
Corporate Scandal - Xerox
In 2002, Xerox Corp. announced that it will restate its revenues by as much as $2 billion over a five year period from 1997 to 2001 because of an accounting error.
An audit showed that Xerox improperly posted revenues before they were actually made. The company described the accounting problems uncovered by an audit as a "timing and allocation issue," saying the revenues that were posted early would be shown to have actually been collected later. An audit found that Xerox improperly booked
An audit showed that Xerox improperly posted revenues before they were actually made. The company described the accounting problems uncovered by an audit as a "timing and allocation issue," saying the revenues that were posted early would be shown to have actually been collected later. An audit found that Xerox improperly booked
Corporate Scandals - Enron
Enron grew to be America's seventh largest company, employing 21,000 staff in more than 40 countries in just 15 years. It started out as a pipeline company, and transformed itself into an energy trader, buying and selling power. Among other businesses, Enron was engaged in the purchase and sale of natural gas, construction and ownership of pipelines and power facilities, provision of telecommunications services, and trading in contracts to buy and sell various commodities. It expanded into
Corporate Scandals - WorldCom
WorldCom was one of the big success stories of the 1990s. It was a symbol aggressive capitalism. Founded by Bernie Ebbers, one of the most aggressive acquirer during the US mergers and acquisitions boom of the 1990s. WorldCom's asset value had soared to $180bn before the US capital market started witnessing a downtrend.
WorldCom admitted in March 2002 that it will have to restate its financial results to account for billions of dollars in improper bookkeeping after an internal audit showed
WorldCom admitted in March 2002 that it will have to restate its financial results to account for billions of dollars in improper bookkeeping after an internal audit showed
INTRODUCTION TO INDIAN TAXES - BRIEF GUIDE
A. Introduction
India taxes Indian source income as well as the foreign source income of its residents, subject to tax treaty and other relief. The foreign source income of non-residents or individual persons not ordinarily resident in India is only taxed if received in India. In certain circumstances, income arising outside India may be deemed Indian income.
The tax system is schedular. Taxable income is ascertained according to the rules for the particular class of income and then
India taxes Indian source income as well as the foreign source income of its residents, subject to tax treaty and other relief. The foreign source income of non-residents or individual persons not ordinarily resident in India is only taxed if received in India. In certain circumstances, income arising outside India may be deemed Indian income.
The tax system is schedular. Taxable income is ascertained according to the rules for the particular class of income and then
INTRODUCTION TO INDIAN TAXES - BRIEF GUIDE
A. Introduction
India taxes Indian source income as well as the foreign source income of its residents, subject to tax treaty and other relief. The foreign source income of non-residents or individual persons not ordinarily resident in India is only taxed if received in India. In certain circumstances, income arising outside India may be deemed Indian income.
The tax system is schedular. Taxable income is ascertained according to the rules for the particular class of income and then
India taxes Indian source income as well as the foreign source income of its residents, subject to tax treaty and other relief. The foreign source income of non-residents or individual persons not ordinarily resident in India is only taxed if received in India. In certain circumstances, income arising outside India may be deemed Indian income.
The tax system is schedular. Taxable income is ascertained according to the rules for the particular class of income and then
Need of hour for development of Hydro Power projects
Hydro Power is our richest renewable and environmentally benign source of energy. Hydro power stations have the inherent ability for instantaneous starting, stopping and managing load variations which helps in improving reliability of the power system. Hydro stations are a natural choice for meeting the peak demand. The generation cost is inflation free and in fact reduces over time.
PFT- Hydro Power Station
A hydroelectric project has a long useful life extending to
PFT- Hydro Power Station
A hydroelectric project has a long useful life extending to
Need of hour for development of Hydro Power projects
Hydro Power is our richest renewable and environmentally benign source of energy. Hydro power stations have the inherent ability for instantaneous starting, stopping and managing load variations which helps in improving reliability of the power system. Hydro stations are a natural choice for meeting the peak demand. The generation cost is inflation free and in fact reduces over time.
PFT- Hydro Power Station
A hydroelectric project has a long useful life extending to
PFT- Hydro Power Station
A hydroelectric project has a long useful life extending to
Friday, 21 December 2012
DBS-TISS tap entrepreneurs meeting social objective
Most start-ups in the social enterprise space are faced with two key issues. First, start-up or seed capital and second, long-term sustenance of the business and the entrepreneur. However, for 35-year-old Ketan Parmar, a Gujarat-based social entrepreneur, both these aspects have been taken care of for the next three years. Parmar’s Krishi Naturals, based at Vadodara and Rajkot, encourages farmers to grow organic vegetables and fruits (those for which chemically-treated fertilisers aren’t
IEEE led Smart Grid Technology Advisory Group
Institute of Electrical and Electronics Engineers ( IEEE), a professional organisation dedicated to advancing technology for humanity, today announced the formation of the IEEE 802.24 Smart Grid Technical Advisory Group (TAG). The newly launched entity is a collaborative umbrella organisation that works with multiple IEEE 802 working groups (WGs) and will liaise with key smart grid ecosystem stakeholders, such as regulatory agencies, other standards development bodies and industry
Dubai’s Dnata providing services for Air India
A Dubai based firm Dnata’s ground handling teams at London’s Heathrow airport are now providing passenger services for three daily flights for Air India. Air India operates three flights daily using Boeing 777 aircraft, from Heathrow to Mumbai and Delhi.
Dnata is now providing passenger services to the airline under the new contract, which include checking in passengers, operation of Air India’s ticket counter and Maharaja VIP Lounge and lost luggage staff to assist with queries in the
Dnata is now providing passenger services to the airline under the new contract, which include checking in passengers, operation of Air India’s ticket counter and Maharaja VIP Lounge and lost luggage staff to assist with queries in the
Sesa Goa acquires Western Cluster Limited
Sesa Goa Limited, India’s largest exporter of iron ore in the private sector and a subsidiary of Anil Agarwal led Vedanta Resources Plc, has announced that it has acquired the remaining 49% of the outstanding common shares of Western Cluster Limited (WCL) from Elenilto Minerals Mining LLC, Delaware, for a cash consideration of $33.5 million. Post this transaction, Sesa’s shareholding in WCL will go up to 100%.
WCL seems to be a logical and strategic fit with Sesa’s existing iron ore
WCL seems to be a logical and strategic fit with Sesa’s existing iron ore
Delhi companies pays more advance tax
The advance tax paid by top 100 Delhi-based corporate houses jumped 12 per cent to Rs 7,335 crore (Rs 6,570 crore) in the December quarter even as companies such as BHEL, PNB, Oriental Bank and Bharti Airtel were trailing well behind what they had paid during the same period last year. These companies’ contribution to the exchequer in the first nine months of this fiscal was up five per cent at Rs 18,403 crore (Rs 17,593 crore), according to sources in I-T Department. The top 100 Mumbai-based
Hinduja acquires Houghton International
Gulf Oil Corporation, a Hinduja Group company, has completed the acquisition of 100% stake Houghton International for $1.045 billion. The acquisition makes Gulf the world's ninth-largest lubricant company. In a press release, Gulf Oil said that it will operate Houghton as a separate company and the rest of Gulf’s operations will be able to leverage Houghton’s large base of industrial customers to offer them a complete range of lubricants.
Out of major seven companies, a Gulf Oil
Out of major seven companies, a Gulf Oil
Thursday, 20 December 2012
Tax department simplifys share valuation method
Discounted cash flow yardstick for unlisted firms to boost domestic PE industry the reason is income tax department. The income tax department has allowed use of the discounted cash flow method for determining ‘fair market value’ of unquoted equity shares. For this purpose, the income tax rules have now been amended by the Central Board of Direct Taxes (CBDT).
Discounted cash flow method is now a recognised option available for ascertaining the fair market value. Till date, the fair market
Discounted cash flow method is now a recognised option available for ascertaining the fair market value. Till date, the fair market
Bharti Airtel scounting South African partner
Bharti Airtel is trying to get a South African partner again, three years after its failed bid to link up with local giant MTN. Bharti Airtel Africa, said the company is still seeking expansion on the African continent after it gained a presence in 15 north, west and east African countries following its acquisition of Zain Telecom's business on the continent soon after the MTN deal fell through.
Industry speculation has been that Bharti Airtel wants to make a bid for either Cell C, the third
Industry speculation has been that Bharti Airtel wants to make a bid for either Cell C, the third
Large Taxpayer Units (LTU)'s compulsory compliance
India adopted the concept of Large Taxpayer Units (LTUs) after a long time, following the principles of 50 other countries, including 20 from Asia, before going ahead with this tax reform. However, the main difference was that it kept the LTU system optional for large taxpayers unlike other country. Only India kept it as an optional scheme for large taxpayers.
In India, a taxpayer (single-PAN based entity) who has paid in cash (or current account) excise duty of Rs 5 crore or more; or service
In India, a taxpayer (single-PAN based entity) who has paid in cash (or current account) excise duty of Rs 5 crore or more; or service
Large Taxpayer Units (LTU)'s compulsory compliance
India adopted the concept of Large Taxpayer Units (LTUs) after a long time, following the principles of 50 other countries, including 20 from Asia, before going ahead with this tax reform. However, the main difference was that it kept the LTU system optional for large taxpayers unlike other country. Only India kept it as an optional scheme for large taxpayers.
In India, a taxpayer (single-PAN based entity) who has paid in cash (or current account) excise duty of Rs 5 crore or more; or service
In India, a taxpayer (single-PAN based entity) who has paid in cash (or current account) excise duty of Rs 5 crore or more; or service
Walmart will cooperate for Indian probe
The retail giant Walmart has said it will provide the relevant information to the Indian authorities for the judicial probe announced due to pressure from Opposition parties on the issue of the company’s lobbying efforts in the US regarding India’s multi-brand retail sector.
The spokesperson, however, insisted that the routine lobbying disclosure before the US Congress, as mandated by law, does not reflect any improper conduct in India. He also insisted that the allegation that a routine
The spokesperson, however, insisted that the routine lobbying disclosure before the US Congress, as mandated by law, does not reflect any improper conduct in India. He also insisted that the allegation that a routine
CESC & Tata Power to supply power for JSEB
CESC Limited and Tata Power will sign separate agreements with Jharkhand State Electricity Board (JSEB) on December 5, 2012 for taking over power supply to the state capital Ranchi and the steel city Jamshedpur. JSEB wanted the services of the CESC from the beginning of the coming new year on January 1. It was now up to the CESC to fix the date of commencement of operation in the state capital – Ranchi. The company (CESC) had to do lot of works before commencement of their services.
Tata
Tata
Air India has Rs 404 cr monthly cash flow shortfall
Union Minister of Civil Aviation Ajit Singh on Thursday expressed concern over the estimated monthly average cash flows of Air India for the October 2012-March 2013 period of the current financial year. The cash flow during the period shows a net shortfall of Rs 404 crore per month with inflows being at Rs 1,348 crore and outflows estimated at Rs 1,752 crore, said a Ministry statement after a review meeting.
The Minister reviewed in detail the functioning of Air India, including revenue
The Minister reviewed in detail the functioning of Air India, including revenue
Air India cash flow, Air India cash shortfall, air india Minister, indian airlines financial worries
The succession of Ratan Tata as Tata brand built
It was sometime in 1991 – just two years before his retirement (“ouster” would perhaps be a more appropriate term) – Russi Mody had invited a few journalists from Kolkata; Kolkata to visit the Jamshedpur plant of Tisco, as it was then known, to figure out which way the wind was blowing in his battle with Ratan Tata. His crisis managers took the team to a few areas in the plant where workers had put up huge placards saying, “Jab tak suraj chand rahega, Russi Mody tera naam rahega”.
The succession of Ratan Tata as Tata brand built
It was sometime in 1991 – just two years before his retirement (“ouster” would perhaps be a more appropriate term) – Russi Mody had invited a few journalists from Kolkata; Kolkata to visit the Jamshedpur plant of Tisco, as it was then known, to figure out which way the wind was blowing in his battle with Ratan Tata. His crisis managers took the team to a few areas in the plant where workers had put up huge placards saying, “Jab tak suraj chand rahega, Russi Mody tera naam rahega”.
JLR's Range Rover Evoque a sparkling success
The Range Rover Evoque has become the largest selling product of Tata Motors’ British subsidiary Jaguar Land Rover (JLR), after it raced past the 1,00,000 sales-mark in September this year – exactly a year after its launch. About 80 % of this was sold to first time buyers of a Range Rover, the luxury utility vehicle. The performance of Evoque, the smallest car from the Land Rover stable that competes with BMW X3 and Audi Q5 globally was a great relief for JLR.
Range Rover Evoque boosted
Range Rover Evoque boosted
JLR's Range Rover Evoque a sparkling success
The Range Rover Evoque has become the largest selling product of Tata Motors’ British subsidiary Jaguar Land Rover (JLR), after it raced past the 1,00,000 sales-mark in September this year – exactly a year after its launch. About 80 % of this was sold to first time buyers of a Range Rover, the luxury utility vehicle. The performance of Evoque, the smallest car from the Land Rover stable that competes with BMW X3 and Audi Q5 globally was a great relief for JLR.
Range Rover Evoque boosted
Range Rover Evoque boosted
What is Central Electricity Authority (CEA)
Ministry of Power is assisted by the Central Electricity Authority (CEA). CEA is a Statutory Body constituted under the erstwhile Electricity (Supply) Act, 1948, hereinafter replaced by the Electricity Act, 2003, where similar provisions exists, the office of the CEA is an “Attached Office” of the Ministry of Power.
The CEA is responsible for the technical coordination and supervision of programmes and is also entrusted with a number of statutory functions. It is headed by a Chairman, who
The CEA is responsible for the technical coordination and supervision of programmes and is also entrusted with a number of statutory functions. It is headed by a Chairman, who
electricity act, CEA Authority, CEA Act, Ministry of Power, Central Electricity Authority
Bosch Power Tools to tap the 'do-it-yourself' market
The Bosch Power Tools (BPT), a division of Bosch Limited, is eyeing the consumer and 'do-it-yourself' (DIY) market for power tools in India. The professional and industrial power tools market in India is estimated to be around Rs 1,000 crore.
The consumer and DIY market for power tools is equally big, and now BPT want to tap that market. BPT have already launched some products that would cater to this market like our garden tools range, small carwasher, home-kit for carpentry.
BPT has
The consumer and DIY market for power tools is equally big, and now BPT want to tap that market. BPT have already launched some products that would cater to this market like our garden tools range, small carwasher, home-kit for carpentry.
BPT has
Bosch Power Tools indian market, consumer and 'do-it-yourself' (DIY) market , bosch India
Ingersoll Rand's business experiments
Ingersoll Rand, a diversified manufacturing company and a US-headquartered $14-billion global conglomerate has launched its two-year Entrepreneur Creation Programme. For the first six months, Gupta and 15 other IIM alumni from Ahmedabad and Bangalore who joined the programme over the past two years underwent in-depth fast-track training across all the businesses and functions of the company -- it is into air conditioning, security and energy management systems.
In the next six months,
In the next six months,
Kalanithi Maran to increase stakes in SpiceJet
The Sun Group's Chief Kalanithi Maran and his wife, Kavery Maran, have resigned from one of the promoter entities of SpiceJet, which triggered the speculation on a possible sale of the Maran family’s majority stake in the airline. However, the Group denied any stake sale, except that it is talking to some private equity players. While the market buzz was that promoters of SpiceJet are planning to dilute majority stake, the media tycoon and the main promoter Kalanithi Maran has decided to
Sugar output falls in FY 2012
The Sugar production has marginally declined to 23.30 lakh tonnes in the first two months of the 2012-13 marketing year that started in October against 23.92 lakh tonnes in the year ago period, industry body Indian Sugar Mills Association (ISMA) said. ISMA attributed the fall in production to delay in start of crushing operation in Uttar Pradesh, the country’s second largest producer.
As on November 30, 23.30 lakh tonnes of sugar has been produced in the country as against 23.92 lakh
As on November 30, 23.30 lakh tonnes of sugar has been produced in the country as against 23.92 lakh
Netaji Subhas Chandra Bose International Airport in Kolkata to open
The proposed new terminal at the Netaji Subhas Chandra Bose International Airport in Kolkata is being developed by the Thai-Indian consortium of ITD-ITD Cementation. The proposed project cost of the project is about Rs 2,500 crore. The new modernised terminal has missed at least three deadlines for its opening since August 2011. Airports Authority of India (AAI) is currently awaiting clearance from the (civil aviation) ministry.
The terminal does not yet have lounges for business class
The terminal does not yet have lounges for business class
CLSA solds its stake in Apollo Hospitals
Foreign brokerage firm CLSA (Mauritius) Ltd today sold around 6 million shares in Apollo Hospitals Enterprise (AHEL) for Rs 824.92 per share, which accounts to a total of around Rs 494.95 crore. CLSA (Mauritius) Ltd (CLSA) has around 8.558 million shares in AHEL, which accounts to around 6.15% of the total share in the company. According to a bulk deal announcement in National Stock Exchange (NSE), CLSA today sold around 70.11% of its stake, around 6 million shares, even as Fidelity
Skybox partners with SEPL
Skybox Security, a provider of pro-active security risk management solutions announced that Solutions Enterprise Pvt. Ltd (SEPL), a vendor-independent service provider of IT security, network and server infrastructure service provisioning and management, as the latest addition to its global network of channel partners.
SEPL has global experience working with financial institutions, banking, insurance, pharmaceuticals and automobiles where end to end network security, high performance and
SEPL has global experience working with financial institutions, banking, insurance, pharmaceuticals and automobiles where end to end network security, high performance and
Arab Potash campaigning in India
Jordan based Arab Potash Company (APC) has launched a marketing campaign focused on key representatives of the Indian fertilizer market. India is the world’s largest importer of fertilizers and the largest market for Jordanian potash. During the past five years, APC exports to India reached 3.1 million tonnes, valued at $1.37 billion (971 million Jordanian Dinar), and over the past 20 years, the Indian market has represented 30 % of total APC exports.
The marketing efforts were taken mainly
The marketing efforts were taken mainly
Wednesday, 19 December 2012
CLP Holdings disappointed with India
CLP Holdings Ltd. (CLP) ,one of the largest foreign investors in India's power sector, a listed company on Hang Seng stock exchange has threatened to reconsider its projects in the country, saying it is bleeding every day because of a fuel shortage, infrastructure bottlenecks and lack of policy initiatives to support growth. CLP entered India in 2002, it saw significant opportunity in the country's energy sector and was very optimistic and excited about its investments. Today, 10 years on,
Paper industry margins decreasing due to capacity additions
The operational results of most paper companies have been worrisome this year. This has been primarily due to the unrelenting increase in cost of raw material and inputs, including coal and pulp wood. The costs could not adequately be recovered from the market. The demand is OK, but the issue is more about input cost squeeze. According to industry sources, mills have hiked printing and writing paper prices by about Rs 2,000 a tonne in December to Rs 54,000.
Market has absorbed increased
Market has absorbed increased
Case history of Vedanta Aluminium's Lanjigarh refinery
Vedanta Aluminium is the only large industry in Kalahandi, a tribal district which ranks among the poorest in the country. The factory currently engages about 3,500 people — 550 on the company’s payroll and another 3,000 through the contractors. There are also about 5,000 others who earn their livelihood by working in small shops, garages, filling stations, hotels, transport businesses, etc, in and around the town.
The company, in its advance closure notice to the government, had expressed
The company, in its advance closure notice to the government, had expressed
Lupin Pharma got USFDA nod for oral contraceptive
The pharma major, Lupin has got a much-awaited approval from the US Food and Drug Authority for its oral contraceptive tablets. Lupin will be launching the generic version of Yasmin, a brand of Bayer Healthcare and a oral contraceptive. Lupin’s drospirenone and ethinyl estradiol tablet is a combined oral contraceptive, used to prevent pregnancy. There are three others in the market for Yasmin copycats (so called copycats, having more or less same contents) viz. Sandoz, Watson and Teva. The
Lupin Pharma got USFDA nod for oral contraceptive
The pharma major, Lupin has got a much-awaited approval from the US Food and Drug Authority for its oral contraceptive tablets. Lupin will be launching the generic version of Yasmin, a brand of Bayer Healthcare and a oral contraceptive. Lupin’s drospirenone and ethinyl estradiol tablet is a combined oral contraceptive, used to prevent pregnancy. There are three others in the market for Yasmin copycats (so called copycats, having more or less same contents) viz. Sandoz, Watson and Teva. The
Mercedes valued half of BMW
Bayerische Motoren Werke AG ( more popularly known as BMW)’s market capitalisation has surged to euro 45 billion ($58.8 billion), versus euro 42.2 billion for Daimler a manufacturer of Mercedes- Benz. If we subtract a reasonable price for Daimler’s truck business — the world’s biggest and the value investors assign to Mercedes stands at about euro 25 billion only. Thus Daimler AG investors value Mercedes- Benz at half what is worth.
The market is saying that the prospects for
The market is saying that the prospects for
Bartronics India Limited acquiring two companies
The Bartronics Asia Pte Limited (Bartronics Asia) , a wholly-owned subsidiary of Hyderabad-based Bartronics India Limited, on Friday said Systems America Inc (SYAI) was going to acquire two companies in 2013. Bartronics Asia had recently acquired 51 per cent stake in the US-based SYAI, a provider of diversified cloud computing and information technology solutions to commercial and government clients globally.
Out of two companies, one company is into business intelligence and
Out of two companies, one company is into business intelligence and
VisaPro will facilitate trade via B2B programme
The US immigration services and consulting firm, VisaPro, is looking at generating an additional $1 billion in two-way trade with Indian companies seeking US entry through a B2B programme, which it plans to conduct after identifying right candidates in an extensive six-city workshops beginning January.
The development of B2B platform in India is a shift in focus for an American immigration services law firm as it used to be all about manpower transfer in the past with Indian exports to the US
The development of B2B platform in India is a shift in focus for an American immigration services law firm as it used to be all about manpower transfer in the past with Indian exports to the US
Draft coal regulator Bill to be discussed by Group of Ministers
The Group of Ministers (GoM) headed by Finance Minister, Mr. P. Chidambaram has met on December 18, 2012 to discuss the Draft Coal Regulator Bill. This was the third deliberation on the issue by the lawmakers. The pricing power for the regulator was one of the contentious issues to emerge when the Draft Coal Regulator Bill was taken up by the Cabinet in May. The Cabinet had referred the matter to the GoM.
The GoM last met on July 25 where several Ministers objected to the powers proposed to be
The GoM last met on July 25 where several Ministers objected to the powers proposed to be
draft coal regulator Bill, GoM coal regulator bill, Minister coal regulator bill
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