Ad Here  
October
November
December
January
February
March
 
 
Smartphone onslaught by Chinese brands Consolidating leadership position in smartphones Gamesa to set up a plant in Nellore Land wars Vellayan is back, after 150 days TI Cycles plans retail expansion to drive sales for premium bicycles Mercedes-Benz sales continue to zoom Solar installations exceed 2015 capacity in five months Record two-wheeler sales IOB on turnaround path L&T bags the Mumbai Trans-harbour link order TN government keen on revival of operations at Nokia complex Is this a generation gap? When small is not so beautiful… AL secures orders for 3600 buses Dish TV – subscriber additions encouraging Rane targets Rs.5500 crore topline by 2018-19 LVB posts 31 per cent growth in Q1 net profit Daimler’s truck exports from Chennai cross 5000 units Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Emami – a new growth mantra 29 per cent jump in TCS revenues Tata Motors aims to be among the Top 3 global CV & PV firm Hyundai India achieves 7 mn production at Chennai factory L & T’s floating dock for navy Maruti – for young buyers RoC in the dock... A niche in FMCG business... Ode to Ratan Tata PPP model for infrastructure development Chinese smart phones flourish in small towns too! Back in growth mode Preparing for the next growth curve Tata Motors bets on new launches TVS Automobile invests Rs.75 crore in start-up firms TVS Srichakra plans capacity expansion Nissan exit shouldn’t affect ALL He excels in the nuts and bolts of entrepreneurship Yamaha unveils scooter boutique Carnival Films acquiring 3000 screens pan India Hyundai to focus on SUVs and AMT variants V-Guard launches app-enabled water heater system Aurobindo Pharmacy: good turnaround HPCL plans Rs.61,000 crore capex over 5-years Smooth sailing of SAIL From the toughest to the best year Bajaj Finserv – Q1: fare well New India Assurance posts impressive show Right to privacy – now it’s fundamental! It takes two to tango L & T set bigger ambitions in defence business Titan Company – sales recovery to kick in Toyota and Suzuki to introduce EVs in India by 2020 Kone India eyes further growth in elevator market Tata Motors charts investments in PV and CV businesses Last stages Are they really independent? Tata Motors joins compact SUV bandwagon with Nexon PSU non-life firms seek to protect share Hindalco – re-rating Shriram Life clocks more than Rs.1000 crore premium in 2015-16 A welcome initiative-even critics are recognised AL introduces Guru & Partner M & M unveils driverless technology for tractors L&T profit up by 11 per cent Forging industry worried over lower supply of steel and its price ITC – steep excise hike Daimler grows sales and share in India CAPITAL NOTES The gainers and the losers Sivasankaran enters taxi space to take on Uber and Ola E.I.D Parry (India) Ltd: another sweet year Housing demand revival Wabco launches safety system Tata Steel, ThyssenKrupp sign MoU to merge European units ITC chairman calls for policy impetus to transform agriculture Singur minus Nano – victory or folly? Michelin to double Chennai capacity Welcome focus to improve rural India... Eyes strong growth in 2016-17 Increasing market share Sundram Fasteners rejigs international AL wins Deming prize again Tata gets 4-star rating for Zest The unexpected exit
 
CAPITAL NOTES

Government to regulate coal sector – fallout of Coalgate scandal?

The power crisis is causing widespread distress in Tamil Nadu. Apart from hours of scheduled outages, the quality in some parts is so poor that it is causing extensive damage to equipment appliances  and gadgets apart from paralysing production in factories.     

The Central government has moved in quickly to regulate the coal sector to help monitor quality, supply and grading but restrained itself from controlling prices.

The proposal formulated at the GoM meeting recently seeks to constitute a Coal Regulator who will have a closer look at the sector plagued by the Coalgate scandal in which leading private sector companies are alleged to have received out of turn allotment of mines. It also seeks to establish a see-through mechanism by which the high costs of imported coal would translate into higher tariffs to make up for the increased burden.

The proposal is likely to come up for legislation in the monsoon session of parliament.

The proposed coal regulator bill will primarily be tasked with monitoring and testing of quality, supply and grading of coal, but will not regulate pricing. However, it is expected to have a parallel body attached to it that would adjudicate on any dispute between the coal suppliers and buyers covering pricing issues.

Coal industry watchers, including senior executives and analysts on the commodity’s trends, are however, not entirely convinced that the regulator could be effective if pricing is kept out of its scope. Because Coal India Ltd (CIL) is a near monopoly producer of the fuel of the fuel.


TCS’ Ramadorai appointed AirAsia Chairman

The appointment of the former head of India’s No 1 software firm TCS,

S Ramadorai, as Chairman of the newly launched AirAsia where the Tata’s have a stake, shows the confidence the industrial house has in him as an administrator and his ability to launch a startup airline with flying colours.

Air Asia is already a successful venture outside India and its foray into the Indian skies has already sent waves of trepidation amongst the established players such as IndiGo, Spice Jet, Go Air and Air-India.

The general fear is that Air Asia’s entry into the Indian skies might trigger a fare war amongst the airlines already fighting worldwide recession in air traffic, competitive fares, high costs of fuel, airport charges and taxes, reducing profits,....

Air Asia’s successful model as a low cost carrier in Malaysia and Singapore and outside these South East Asian states could be replicated in India as well. Air Asia will launch its operations by December this year.


PFC to buy a stake in PSU bank

State - owned Power Finance Corporation (PFC) is all set to buy a substantial stake in a public sector bank. The country’s largest lender to the power sector can take a 26 per cent stake in any of the PSU bank such as Punjab and Sind Bank, Bank of Maharashtra, Indian Bank and United bank of India.

A proposal to set up a US $ 1 billion power sector equity fund with Tata Capital was also submitted to the finance ministry. The proposal is to be seen against the backdrop of hopes of revival in the fortunes of the power sector.

According to PFC Chairman Satnam Singh, the Indian power sector has witnessed some positive trends which include increase in tariffs by the state governments, debt restructuring initiatives for the SEBs, reduction in their losses and ratings of the discoms. CERC’s decision on compensatory tariffs in relation to viability issues is perceived as a good sign.

It may be noted that CERC allowed both Adani Power and Tata Power to charge higher tariffs for power generated by their plants at Mundra in Gujarat so that they could recoup their losses due to increase in the price of imported coal and shortage of domestic coal supplies.

– feedback@ashoktnex@gmail.com

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com