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

 

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