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Airtel Zero, as also similar services launched by Reliance

Written By Unknown on Rabu, 15 April 2015 | 08.11

Airtel Zero, as also similar services launched by Reliance Communications and Facebook, among others, have come under attack with critics slamming these as being against the 'net neutrality' regime.

Airtel Zero, as also similar services launched by  Reliance Communications and Facebook, among others, have come under attack with critics slamming these as being against the 'net neutrality' regime. They claim that such schemes are aimed at restricting 'free' Internet access to select platforms. A government-appointed panel is looking into these concerns and is likely to submit its report next month while the matter is also being separately studied by the Telecom Regulatory Authority of India (TRAI), which has already got submissions from over one lakh netizens in support of net neutrality in India.

Free Internet advocates and start-ups see the move as a violation of net neutrality and one that could even "lead to monopolisation by a few and squeezing out of small companies".

Reliance Comm stock price

On April 13, 2015, Reliance Communications closed at Rs 73.00, up Rs 1.10, or 1.53 percent. The 52-week high of the share was Rs 156.90 and the 52-week low was Rs 56.90.


The latest book value of the company is Rs 126.97 per share. At current value, the price-to-book value of the company was 0.57.


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Cairn tax demand has created uncertainty: Patricia Hewitt

The recent tax demand made on Cairn Energy under the retrospective tax clause has generated a lot of anxiety.

UK companies have been watching the Indian policy space very keenly while companies in UK are waiting to invest in sectors like defence, insurance. The recent tax demand made on Cairn Energy under the retrospective tax clause has generated a lot of anxiety. Patricia Hewitt, Chair - UK India Business Council told CNBC-TV18 the companies headquartered are disappointed even after Arun Jaitley had assured them the retro tax clause would not be used.

Watch accompanying video for more..


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Modi's Germany visit to open new avenues: Baba Kalyani

Written By Unknown on Selasa, 14 April 2015 | 08.11

In an interview to CNBC-TV18, Baba Kalyani of Bharat Forge, discusses what Prime Minister Narendra Modi's Germany visit means to India Inc.

Prime Minister Narendra Modi is expected to attend a community meeting in Berlin hosted by the Indian ambassador. Earlier in the day Modi laid out the red carpet for German investors, promising a "predictable, stable and competitive" tax regime as he pitched his 'Make in India' agenda. In an interview to CNBC-TV18, Baba Kalyani of Bharat Forge , discusses what the development means for India Inc.

Below is the transcript of Baba Kalyani interview with CNBC-TV18's Sanjay Suri.

Q: At the Hannover Messe we have had the political speeches. What could be their fallout for industry we will hear from Baba Kalyani.

A: I think it has been a perfect venue to communicate India's new aspirations, specially the whole "Make in India" programme. I think Prime Minister Modi has communicated this extremely well at the Hannover Messe to the German industry, to the German government, to the German politicians and of course to the Indian industry that is present here.

Q: Any indication of the fallout? Of course it is early days but any indication that you are seeing?

A: From whatever private discussions that I have had with a number of my friends in the Germany industry, they are impressed, they are motivated. Nobody is going to jump in and open the floodgates and I don't think that is desirable. However, I think everybody is going to start looking at India in a new and a different way. Everybody is going to start looking at which areas they could invest in whether it is infrastructure, power. There was a lot of discussion on power and infrastructure. The Germans very rightly believe that unless you have high quality and 100 percent power you really can't develop business. Unless you have good quality of infrastructure you really can't make business productive.

Q: What about defence production, that should be an area that you should tell us more about?

A: Defence production was not on the discussion table from a business to business area right now. I think that is going to be discussed from what I hear in Berlin at a government to government level and I think some policy decisions on this might come out after tomorrow after which I think Indian business will engage with the German counterparts who are engaged in defence.

Q: We have had the Rafale deal which we are told is an of the shelf sale, whatever that may mean, but will there be a fallout benefit for Indian industry from it?

A: The most positive part of that is somebody has started making decisions and I think that is what in India we were lacking, decisions were not being made. I think the Prime Minister has made the right decision. I think Indian Air Force needs fighter jets. Their inventory of aircrafts has depleted quite a lot. So, it is a good thing. Now is this going to be the end game in itself? No. This is the beginning of creating a large aeronautics industry in India and I think as some weeks and months go by we will hear the contours of what this will bring to industry.

Bharat Forge stock price

On April 13, 2015, Bharat Forge closed at Rs 1309.45, down Rs 22.55, or 1.69 percent. The 52-week high of the share was Rs 1362.90 and the 52-week low was Rs 401.25.


The company's trailing 12-month (TTM) EPS was at Rs 27.26 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 48.04. The latest book value of the company is Rs 115.67 per share. At current value, the price-to-book value of the company is 11.32.


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80% of acquired land will be used for irrigation: Gadkari

The Supreme Court on Tuesday sought the government's response on a plea of farmers' organisations challenging the legality of the fresh promulgation of the Land Acquisition Ordinance. The farmers' organisations, in their plea filed on April 9, have challenged the re-promulgated land ordinance, terming it as "unconstitutional" and ultra vires of the Constitution, besides being a "colourful exercise of power" by the executive to "usurp" the law-making powers of the legislature.

The man who leads the government charge against UPA's Land Bill says the Centre will not budge on changes to the bill. Union transport and shipping minister Nitin Gadkari spoke exclusively to CNBC-TV18's Shereen Bhan- saying the Centre will also challenge the green tribunal's order against old diesel vehicles plying in Delhi.

He also spoke about his ambitious plans to spruce up road projects that are stalled.

Below is the transcript of Nitin Gadkari's interview with CNBC-TV18's Shereen Bhan

Q: Let me start by asking you about news that hit the headlines today and that is the Supreme Court issuing a notice on the Land ordinance to the government asking why the ordinance was re-promulgated. The appeal has been made by Non Government Organisations (NGOs) representing four farmer unions in specific and they say that the re-promulgation and the proroguing of the Budget session amounts to a fraud in the Constitution. What is the government's response going to be?

A: First of all they have right to appeal in the Supreme Court. Now the stay is not granted Supreme Court asking the government reply for that, we will submit to the Supreme Court, that is not the problem. The problem is that before December 31 if we cannot get that Ordinance, otherwise the situation will be such that – even we won't be in position to give the 1:4, 1:2 compensation to the farmer because in the previous Act there was a provision that the last date for execution will be up December 31.

Q: But there is opposition including from your own allies. In the Lok Sabha you enjoy the majority, but you didn't table it in the Rajya Sabha, you chose to prorogue the Budget session and instead re-promulgate the ordinance. It raises question in people's minds as to the desperation for this government to clear this Ordinance?

A: Who is responsible for that when the bill is passed by parliament? Only in the Rajya Sabha, for two times, it is the Rajya Sabha opposition. When there was a discussion we were ready to cooperate with them. We are ready to accept their suggestion at the same time. They have decided they should not pass this bill in the Rajya Sabha. That was the reason we had to make an ordinance. It is because of the non cooperation of the officials in the Rajya Sabha. How are we responsible for that?

Q: Are you going to make changes as far as the two contentious issues, 9 amendments have been moved by your government in the bill that has been passed by the Lok Sabha but are you willing to make any concessions on the two controversial and crucial issues of consent and social impact assessment? That is what the opposition claims is the effort to sort of try and be pro-corporate. You yourself have stated on record that you are willing to take more suggestions onboard and make more amendments. Can we expect any dilution as far as consent and social impact assessment is concerned?

A: First of all you have to understand what is the meaning of consent clause. Eighty percent of the land in the country, its acquisition is only for irrigation. Now in irrigation if we have to make one dam, for 3000 acre the dam is there and for 3 lakh acres of land they get  water from it. Now this consent clause says 80 percent of the farmers, if they give the permission, we can make the dam.

Now suppose you have a house in the road construction and widening of the road is very essential. Present road sees a lot of accidents. So, in the public interest we have to increase the width of the road. If we have taken their land for the widening of the road, if 80 percent of people say no we will not give you any land, we cannot extend that road.

Suppose if anywhere we want to make low cost housing for the poor people and if 80 percent of people say no we will not give you land, it means that. What is the meaning you understand?

Q: Then you go back to the original law, the law that was attempting to be changed by the 2013 Act. The eminent domain then comes right back to where it was?

A: You are not correct. In the bill which is passed by UPA in parliament, almost their 13 Acts – Coal Mines Act, Mining Act, Railways Act everywhere there is an exemption from consent clause and social impact assessment (SIA).

I am asking you a simple question, to the opposition party particularly the Congress — in the Coal Mines Act you acquire the land and without any transparent process you allot coal mines to big industrialists of this country, CAG gave a report that this is a loss to the country of Rs 1 lakh 88 thousand crore and in the auction of 20 mines we get Rs 2 lakh crore. Now I am asking a question to the Congress, at the time when you acquired the land and gave coal mines to the big people you never remembered this consent clause and SIA?

Q: Any dilution at all possible as far as SIA and consent is concerned?

A: What is the meaning of consent clause? If you accept consent clause and SIA means you cannot start any industry.

Q: Your former ministry, the rural development ministry has apparently written to state governments saying under the Pradhan Mantri Gram Sadak Yojana because the World Bank is funding large parts of that scheme please make sure that whatever clearances you need, whether it is environment, forest, SIA, consent is adhered to. Why then that double standard? If it is okay for the World Bank, why should it not be okay for all the other projects that the government is hoping to tale forward?

A: There is no double standard. There are three subjects in the constitution. One is in the state list where state is authorised to make the law for that.

Second list is the centre list where the central government is responsible and authorised to make the law and third list is the concurrent list. Already the Land Acquisition Act is in the concurrent list. When the Congress party passed the bill the Prithviraj Chavan government in Maharashtra they took an exact decision opposite this law.

The Hooda ministry, it is a great miracle for me, the person who acquired lakhs of acres of land of farmers – the Chief Minister of Haryana now he is fighting against land acquisition.


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Jet seeks to 'enhance presence' in US market

Written By Unknown on Senin, 13 April 2015 | 08.11

The airline would also take on board its strategic investment partner Etihad while carrying out the exercise to avoid any "cannibalisation" of routes, they said.

The Naresh Goyal-promoted  Jet Airways would soon draw up plans to expand in the US skies following the restoration last week by Federal Aviation Administration (FAA) of India's aviation safety rating to Category-1, sources have said.

The airline would also take on board its strategic investment partner Etihad while carrying out the exercise to avoid any "cannibalisation" of routes, they said. Jet Airways currently operates a daily direct service from New Delhi to Newark while Etihad, which holds a 24 per cent stake in Goyal's airline, flies to six US cities.

"The US market throws up a lot of opportunities and we would like to enhance our presence there. There are no immediate plans as such but we will definitely chalk out one soon," airline sources told PTI here. The Mumbai-based private airline had to put on hold its plans to restart its New York flight and commence air services to Chicago after the downgrade early last year, which also barred domestic carriers from launching new services to the US or enter into codeshare agreements with airlines there.

It may also be noted here that Etihad had launched its services to Chicago and New York using Jet Airways wide-body Boeing 777-300ERs. Besides, United Airlines, which had a codeshare agreement with Jet Airways, had also suspended the pact as soon as India's aviation safety rating was brought on a par with countries like Ghana, Barbados and Bangladesh in January of last year. Interline and code shares are commercial agreements which allow one airline to sell tickets on flights operated by a partner airline.

According to FAA annual aviation projections, presented last month, US airlines are expected to transport 1-billion passengers per year by 2029 and a total of 1.5 billion by 2035. In the period between 2014-2035, US carrier passenger will grow by an average 2.2 per cent every year, the forecast had said.

Sources said that Jet Airways would not only look to add new destinations in the US but also seek codeshare partnerships with more American airlines. "However, all these plans would be drawn up in consultation with our strategic investment partner, Etihad. There has to be synergy between the two partners," they said.

Jet Airways had said that India's aviation safety upgrade by FAA to Category-1 was a "positive development". The New York and Chicago flights can now be operated by Jet Airways via its overseas hub Abu Dhabi with Etihad placing its codeshare on these flights. "We don't want any cannibalisation of routes," sources said.

International revenue had accounted for almost 60 percent of Jet Airways' total revenue during the October-December quarter of the previous fiscal. The airline's total international revenues had logged a17.4 percent growth to Rs 3,089 crore in Q3 FY15 over a year ago period.

Jet Airways stock price

On April 10, 2015, Jet Airways closed at Rs 482.95, down Rs 4.4, or 0.9 percent. The 52-week high of the share was Rs 543.50 and the 52-week low was Rs 203.50.


The latest book value of the company is Rs -223.87 per share. At current value, the price-to-book value of the company was -2.16.


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Air Pegasus begins commercial operations

Air Pegasus, promoted by Decor Aviation Private Limited, today commenced its commercial operation with a daily to and fro flight to Hubballi and Thiruvananthapuram from here.

"Commercial operation with daily flight to Hubballi and Thiruvananthapuram from Bengaluru has commenced from today," Air Pegasus Managing Director Shyson Thomas told reporters.

The company plans to have five ATR aircraft in South India by December and would increase it to 20. "We plan to have five ATRs in Southern region of the country and will increase it to twenty," Thomas said.

"Connecting to the country's IT capital, the newly  launched flights will boost the economies of these two towns, by simplifying the travel options for both in-bound and out- bound passengers," he said.

Civil Aviation Minister Ashok Gajapathi Raju launched the operations of Air Pegasus.  Decor Aviation, which is part of the Decor Group of Companies, will provide ground handling services to Indian andforeign carriers across eleven airports in India, Thomas said.

Based out of the Kempegowda International Airport in Bangalore, Air Pegasus will subsequently scale up its services gradually to connect Kochi, Chennai, Thiruvananthapuram, Belagavi, Rajahmundry, Puducherry and Madurai, Thomas said.

Decor Aviation, which is part of the Decor Group of Companies, provides ground handling services to Indian and  foreign carriers across 11 airports in India. Bangalore-based Air Pegasus, which recently acquired flying permit from aviation regulator Directorate General of Civil Aviation, is the third new airline to receive it from the DGCA, after AirAsia India and Vistara, in last one year.


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Airbus supports Modi's 'Make in India' initiative

Written By Unknown on Minggu, 12 April 2015 | 08.11

In India, Airbus Group already operates two engineering centres - one focused on civil aviation and the other one defence - besides, a research and technology (R&T) centre which together employ over 400 highly qualified people.

Expressing support to 'Make in India' initiative, aircraft manufacturer Airbus on Saturday said it is ready to manufacture in India, as Prime Minister Narendra Modi visited its facility here.

Modi took the tour of the facility where planes are manufactured. He was given a briefing by officials on the functioning.

Airbus Group CEO Tom Enders, who received the Indian leader, said: "We are honoured to host Prime Minister Modi in Toulouse and convey to him our desire to forge a stronger industrial bond with India. India already takes a centre-stage role in our international activities and we want to even increase its contribution to our products".

"We support Prime Minister Modi's 'Make in India' call and we are ready to manufacture in India, for India and the world," he added.

In India, Airbus Group already operates two engineering centres - one focused on civil aviation and the other one defence - besides, a research and technology (R&T) centre which together employ over 400 highly qualified people.

The group's senior representative conveyed their decision to expand these centres so that they can take on comprehensive design responsibilities for future Airbus group programmes. 


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Mobile clinic to detect kidney-related diseases

The Rs 15 lakh mobile clinic 'Muthoot Anbin Nizhal' through Muthoot M George Foundation, was flagged off by City Mayor, P Rajkumar and will traverse the district, educating people about the dreaded disease.

As part of its Corporate Social Responsibility, Muthoot Finance Ltd , which claims to be India's largest gold loan company, on Saturday launched its health care outreach program, with a mobile van for detection of kidney related diseases, diabetes and hyper tension ailments.

The Rs 15 lakh mobile clinic 'Muthoot Anbin Nizhal' through Muthoot M George Foundation, was flagged off by City Mayor, P Rajkumar and will traverse the district, educating people about the dreaded disease.

George M Jacob, Director, Muthoot Finance,said the mobile ambulance will hold exclusive camps across the state, where blood sample of people will be taken and tested for possible kidney related diseases. 

At the end of the camp there would be an awareness session which will provide information about the prevention and treatment of the disease, he said. Later,talking to reporters,Babu John Malayil,Coordinator, Anbhin Nizhal, said a similar project has ben running successfully in Kerala for the last one year and the company has helped carry out 25,000 dialysis for the needy and poor.

Stating that the company, with a net profit of Rs 800 crore, has kept Rs 16 crore towards CSR, of which Rs two to three crore was being spent in the health sector, Malayil said at least three out of 100 persons screened thus were affected by kidney diseases, who were either helped by the company by providing free treatment or partially financed for hospital expenses. 

Muthoot Finance stock price

On April 10, 2015, Muthoot Finance closed at Rs 202.20, up Rs 2.60, or 1.30 percent. The 52-week high of the share was Rs 253.50 and the 52-week low was Rs 162.55.


The company's trailing 12-month (TTM) EPS was at Rs 17.24 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 11.73. The latest book value of the company is Rs 107.82 per share. At current value, the price-to-book value of the company is 1.88.


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Nissan in top gear for Indian mkt; to launch 'The Leaf'

Written By Unknown on Sabtu, 11 April 2015 | 08.11

Nissan wants to electrify the Indian automobile market, quite literally. It has begun testing the waters for the potential launch of "The Leaf" - the world's first affordable, mass-produced, 100 percent electric & zero-emission car, which has clocked 160,000 units in sales in a short 5-year span.

Japanese automobile major Nissan is not wasting any time in taking advantage of the Indian government's policy to promote hybrid and electric vehicles. CNBC-TV18's Farah Bookwala Vhora reports that the car-maker is gearing up to bring its marquee electric vehicle "The Leaf" to Indian roads.

Nissan wants to electrify the Indian automobile market, quite literally. It has begun testing the waters for the potential launch of "The Leaf" - the world's first affordable, mass-produced, 100 percent electric & zero-emission car, which has clocked 160,000 units in sales in a short 5-year span. If all goes well, Nissan will become the first global Original Equipment Manufacturer to launch an all-electric vehicle in India.

Guillaume Sicard, president, Nissan India, says, "We have tested the leaf over the last 3 weeks now. we've tested the leaf with customers, with the press, with the government. We've shown the car to SIAM and what we hear now is extremely positive."

So Indian roads could soon see the world's highest-selling electric vehicle burning rubber. Sicard says this decision was spurred on by the government's new FAME policy- the Faster Adoption of Manufacturing of Electric Vehicles. But he adds that for the Leaf to make it here, three requisites have to be met.

He adds, "The first one is to have some customer subsidies. and just to benchmark with some countries in the world, in terms of subsidies per car, between 8,000-10,000 dollars. the second condition is we need to work with the government to implement infra and when I'm talking about infra, I'm talking about charging stations. And the third thing that is also a condition is to make sure the government and some administrations are showing the example to the rest of the country by getting some of the EVs."

Nissan says it will initially import The Leaf, even as it explores the possibility of local production over the next few years. Meanwhile, it has roped in IIT Madras to collaborate on improving battery performance from the current driving range of 135 km to 400 km.


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E-commerce co Urban Ladder bets big on Mobile Automation

Indian e-commerce company Urban Ladder is on a funding raising spree. After having mopped up USD 50 million, Urban Ladder is betting big on technology platform, automation of supply chain and mobile platform.

Indian e-commerce company Urban Ladder is on a funding raising spree. After having mopped up USD 50 million, Urban Ladder is betting big on technology platform, automation of supply chain and mobile platform.


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