Tag: net worth

Big telcos to thrive, small ones may fall: Standard & Poor’s


KOLKATA: Top operators Bharti Airtel, Vodafone India and Idea Cellular would strengthen their market positions since smaller, weaker telcos could find it difficult to acquire expensive spectrum and run profitable nationwide operations in a sector which is entering a phase of consolidation, rating agency Standard & Poor’s said. READ MORE…   SOURCE: http://economictimes.indiatimes.com/ Advertisements

Local airlines to fly less this summer; Jet Airways, SpiceJet and AI slash number of flights


From Oct onwards, domestic airlines on an average have struggled to fill even three-quarters of each flight. Dmand fall is a temporary blip in the industry.  NEW DELHI: All domestic airlines barring IndiGo and GoAir have decided to cut flights for the April-September 2014 period, known in aviation parlance as the Summer Schedule. Data from… Read More ›

Bulk drug industry needs to be strengthened’


There is a need to look at strengthening development of the bulk drug industry in India as the country offers tremendous potential in research and development, a senior government official said at the  5th India Pharma Summit.  MUMBAI: There is a need to look at strengthening development of the bulk drug industry in India as the… Read More ›

Solar Power: Cost of production dropped 60%; price to equal thermal power’s in three years


More importantly, the MP tender brought the price of solar power closer to the price of thermal power — produced from coal or gas, and India’s largest source.   Earlier this month, when Madhya Pradesh accepted the bid of Himgiri Energ y Ventures to supply solar power to the state grid at Rs 6.5 a unit,… Read More ›

FDI in pharma doubled during April to December


The government had cleared a Rs 5,168 crore proposal of US-based pharma firm Mylan Inc’s to acquire Indian generic drugs company Agila Specialties.  NEW DELHI: Foreign direct investment in the pharma sector has more than doubled to $1.26 billion during the April-December period of 2013-14 fiscal amid concerns over increasing acquisitions of domestic firms by… Read More ›

Lower sales, coal realisations take toll on Tata Power


A cap on FIIs in private banks restricts the extent of money that overseas portfolio investors can put into the proposed share sale Tata Power narrowed its consolidated loss to Rs 75 crore for the December 2013 quarter versus Rs 329 crore last year, but the overall performance is a far cry from Street’s estimates, which… Read More ›

Proposed US law could boost gas export to India


The surplus is largely due to rapid advances in the technology and extraction of shale gas and oil over recent years The latest version of a Bill in the US legislature for expedited approval on export of natural gas to World Trade Organization members could help India. Over the past year, surplus production of LNG (liquefied natural gas) in… Read More ›

Clarity on marketing margins to trigger IGL re-rating


After the government raised the allocation of domestic gas for city distribution operations last month, IGL cut CNG prices by 20-30 per cent Uncertainty regarding its ongoing case with the Petroleum and Natural Gas Regulatory Board (PNGRB) and weaker volumes due to consistent price increases, to offset higher input costs, saw Indraprastha Gas (IGL), the… Read More ›

CERC’s brave steps mean well for the power sector


CERC needs to be complemented for taking away the carrot when none was needed by the sector Central Electricity Regulatory Commission’s (CERC) recent regulation on electricity tariff underscores the strides taken by the power sector over the years. Apart from fixing the manner in which tariff will be calculated over the next five years, CERC’s regulation demonstrates… Read More ›

India approves Rs 1,765 crore for hydropower project in Bhutan


PM Manmohan Singh conveyed this to his Bhutanese counterpart Tshering Tobgay when they met yesterday on the sidelines of the 3rd BIMSTEC Summit.  THIMPU: India has approved Rs 1,765 crore as the interim cost escalation for Bhutan’s Punatshangchu I hydropower project.  Prime Minister Manmohan Singh conveyed this to his Bhutanese counterpart Tshering Tobgay when they… Read More ›