Diberdayakan oleh Blogger.

Popular Posts Today

Android ATMs may soon be a reality: NCR India

Written By Unknown on Kamis, 16 April 2015 | 10.56

Technology innovator NCR India is set to revolutionize the way automatic teller machines, or ATMs work in India. CNBC-TV18'S Jude Sannith takes a peek at the latest developments from the company which will have ATM machines using an android operating system with cloud technology.

Technology innovator NCR India is set to revolutionize the way automatic teller machines, or ATMs work in India. CNBC-TV18's Jude Sannith takes a peek at the latest developments from the company which will have ATM machines using an Android operating system with Cloud technology.

Watch video for more....


10.56 | 0 komentar | Read More

Deepak Fertilisers sells 5.2% stake in MCFL

Pune-based Deepak Fertilisers has been competing with industrialist Saroj Poddar-led Zuari group for taking control of the MCFL since July 2013. Deepak Fertilisers had offloaded 12.1 percent stake in MCFL on Monday.

Continuing its exit from the Vijay Mallya-led UB Group firm, Deepak Fertilisers  on Wednesday sold another 5.2 percent stake in Mangalore Chemicals and Fertilizers Ltd  for over Rs 53 crore.

Pune-based Deepak Fertilisers has been competing with industrialist Saroj Poddar-led Zuari group for taking control of the MCFL since July 2013. Deepak Fertilisers had offloaded 12.1 percent stake in MCFL on Monday.

According to the bulk deal information with stock exchanges today, it sold 61.41 lakh shares (representing 5.2 percent stake) of MCFL. The company held MCFL shares through its subsidiary SCM Soilfert Ltd. Individually, Deepak Fertilisers sold 40.91 lakh shares on the NSE and 20.50 lakh on the BSE.

The company's shares were sold at an average price of Rs 87.04 apiece, valuing the transaction at Rs 53.45 crore. At the end of December quarter, 2014, SCM Soilfert held 3.44 crore shares in MCFL, representing 29.05 percent stake in the company. In January, it had sold 2.2 percent stake in MCFL.

The move follows Zuari Group's announcing the launch of its open offer on April 20 to acquire additional a 36.56 percent stake in MCFL. As of December 2014, Zuari had 16.47 percent stake in MCFL.

Deepak Fert stock price

On April 16, 2015, at 09:20 hrs Deepak Fertilizers and Petrochemicals Coprn was quoting at Rs 151.85, up Rs 3.60, or 2.43 percent. The 52-week high of the share was Rs 185.05 and the 52-week low was Rs 116.30.


The company's trailing 12-month (TTM) EPS was at Rs 16.16 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 9.4. The latest book value of the company is Rs 169.05 per share. At current value, the price-to-book value of the company is 0.90.


10.56 | 0 komentar | Read More

Cairn tax demand has created uncertainty: Patricia Hewitt

Written By Unknown on Rabu, 15 April 2015 | 10.56

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.

Below is the verbatim transcript of Patricia Hewitt's interview with CNBC-TV18's Rituparna Bhuyan.

Q: What has the progress been on businesses getting permits?

A: Businesses are saying they are certainly getting permits much more easily. There are more areas where they actually don't need permits, but clearly translating the decisions that are being made here in Delhi right down to action at every level of the bureaucracy, every level within the states, all that still takes time.

Q: One sector which has benefitted hugely from this Make in India campaign is the defence sector. UK has a robust defence industry. Do you see investments from defence companies coming into India at a level that is 49 percent which the government allows at present or do you believe the companies will wait for some more time and see if the government increases that Foreign Direct Investment (FDI) level?

A: A company that is thinking about transferring really valuable intellectual property into any country is not going to do so for 49 percent and the Indian government has made it clear that for the right kind of technology transfer they will permit up to 100 percent. So, individual companies are looking at what those possibilities are. Clearly, there also need to be contracts here and that is very much a matter of discussion between governments in terms of where the next round of big defence contracts are going to be placed.

Q: More insurance companies could get interested in the Indian insurance sector?

A: That is very likely. I am certainly not going to be naming specific companies but there are others who are certainly looking at opportunities.

Q: So you know of specific companies who are looking at this?

A: Yes, I do.

Q: Do you see companies based in London or companies based in UK participating in this new idea of financial centres in India?

A: That is very likely and it is something the city of London and the Mayor for the city of London has been discussion these ideas with Mumbai of course. There have also been some discussions around the potential financial city in Gujarat that has been discussed when of course Mr Modi was Chief Minister there. So, there is certainly those discussions going on and as you say with the extraordinary expertise in the city of London is the financial capital relief for the world, I think there will be more of those discussions helping India to become a financial services hub for this part of the world.

Q: Indian Government will not pursue retrospective taxation. Yet we saw a tax demand being raised as far as Cairn India is concerned. Indian government defends that claim saying it is a legacy issue, how are US companies looking at this development?

A: As you said Finance Minister Jaitley has made it very clear both publically and privately in discussions with myself and others that there will be no new tax liabilities created by the Indian Government as a result of that retrospective tax legislation. We all very much regret the situation that has been created and the uncertainty that has been created in relation to – in some cases very old transactions that frankly were not liable for taxation until the last government created this retrospective tax amendment but each of those legacy cases is now being dealt with through the legal process. We saw Vodafone for instance, Shell other companies win their cases and of course the Government of India has decided not to appeal against those judgements. Personally I think it is a great pity that we are in the situation we are with Cairn which has been a huge investor into India particularly in the state of Rajasthan.


10.56 | 0 komentar | Read More

Tata Motors makes Jaguar history in UK

Tata Motors  has made automotive history in Britain with the launch of Jaguar's newest model XE, an entry-level luxury saloon car, at its factory in the West Midlands region of England.

The factory at Solihull has traditionally been the home of sister brand Land Rover but the first Jaguar XE saloon rolled off the all-new production facilities at the plant this week.

The 500-million pounds "factory within a factory" consists of a new body shop and trim and final facilities. The Tata Group's investment in the unit represents the largest single investment in the Solihull plant in its 70-year history.

Jeremy Hicks, Jaguar Land Rover's UK managing director, hopes that in its first full year the XE would double Jaguar's present annual UK sales of 18,000.

"People who buy cars in this market stay very loyal. We are the new arrival in the playground and aiming to punch the three biggest kids on the nose," he said.

"The XE will bring the average age of the Jaguar driver down significantly. We are accessing young professionals who have historically defaulted to the German brands because they have had nowhere else to go," he added.

The XE, dubbed the 'Baby Jag' for its compact size, is not the only Jaguar that will be made at the new Solihull unit. The F-Pace, unveiled earlier this year, will also be built at the new unit from next year.

Jaguar Land Rover (JLR) was acquired by Tata Motors back in 2008 and has since seen a drastic turnaround in its profits.

In 2010, the Solihull plant, which started operations building aircraft engines during World War II, was in danger of closure.

Since then, 1-billion pound investment into the iconic brands from Tata Motors has led it to treble production to 240,000 vehicles and double the workforce in the suburb of Birmingham to 9,000.

The XE and F-Pace could take annual output up by a further 50 percent to 360,000, with manpower set to peak at 10,500.

JLR purchasing director Ian Harnett said: "Jaguar Land Rover is one of the UK's success stories, not simply because it has seen an upsurge in demand thanks to sustained investment, but because it has been able to support a burgeoning, high-tech, highly skilled supply base here in the UK.

"With each successive new or upgraded model, we are seeing the positive impact felt amongst the entire automotive sector which is great news for everyone committed to ensuring the UK remains truly competitive on a global stage.

Tata Motors stock price

On April 15, 2015, at 09:20 hrs Tata Motors was quoting at Rs 549.00, down Rs 6.9, or 1.24 percent. The 52-week high of the share was Rs 612.05 and the 52-week low was Rs 400.51.


The latest book value of the company is Rs 78.55 per share. At current value, the price-to-book value of the company was 6.99.


10.56 | 0 komentar | Read More

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

Written By Unknown on Selasa, 14 April 2015 | 10.56

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.


10.56 | 0 komentar | Read More

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.


10.56 | 0 komentar | Read More

Air Pegasus begins commercial operations

Written By Unknown on Senin, 13 April 2015 | 10.56

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.


10.56 | 0 komentar | Read More

Existing home loan holders can convert to new rates: SBI

B Sriram, managing director and group executive national banking, SBI expects the home loan portfolio to grow by 18 percent in FY16. According to him, competition in the home loan space has been rather intense.

After private sector lender HDFC Ltd ,  State Bank of India over the weekend announced a cut in home loan interest rate by up to 0.25 percent for new borrowers. For women borrowers the rate has been aligned to the base rate at 9.85 percent per annum, SBI said in a statement.

But for other borrowers, the interest rate will be 9.90 percent, 5 basis points higher than the base rate or the minimum lending rate.

B Sriram, managing director and group executive national banking, SBI, says there is good news for existing home loan holders as well. They have the option of converting their existing loan rate to new rates for a small charge, he adds.

He expects the home loan portfolio to grow by 18 percent in FY16. According to him, competition in the home loan space has been rather intense.

Sriram says low-cost deposits are getting converted into term deposits.

Stay tuned for more..

HDFC stock price

On April 13, 2015, at 09:20 hrs Housing Development Finance Corporation was quoting at Rs 1302.00, up Rs 11.70, or 0.91 percent. The 52-week high of the share was Rs 1399.80 and the 52-week low was Rs 840.60.


The company's trailing 12-month (TTM) EPS was at Rs 37.16 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 35.04. The latest book value of the company is Rs 177.55 per share. At current value, the price-to-book value of the company is 7.33.


10.56 | 0 komentar | Read More

Mobile clinic to detect kidney-related diseases

Written By Unknown on Minggu, 12 April 2015 | 10.56

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.


10.56 | 0 komentar | Read More

Airbus supports Modi's 'Make in India' initiative

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. 


10.56 | 0 komentar | Read More
Techie Blogger