Archive for December, 2010

Wings of Indian Airline Industry to be clipped??

December 8, 2010 Leave a comment

Here’s an update on the Indian aviation industry, given the treat of use of powers by the DGCA.

Read more…

Categories: Aviation

Power Grid’s Expansion Plans: An Update

December 8, 2010 Leave a comment

PGCIL, the central transmission utility, is India‘s largest power transmission company and owns & operates over 95% of India‘s inter-state and inter-regional electric power transmission system.

PGCIL has 68 ongoing transmission projects and 64 sub-stations under various stages of implementation, with a budgeted cost of over Rs 81,000 crore as on September 30. The company has 12 identified projects and plans to fund it with a debt-equity ratio of 70:30 in accordance with Central Electricity Regulatory Commission norms.

To fund the ongoing projects, the company came out with a follow-on public offering. With the huge success of Coal India divestment through India’s biggest ever IPO fresh in investors minds, the government launched the divestment of PGCIL on November 9.

The bidding, which offered shares worth approximately Rs 8,000 crore, represents 20% of the pre-issue paid up capital of PGCIL, reducing the Centre‘s stake in PGCIL from 86.4% to 66.4% (dilution of 10%).

Categories: Power

Definition of Infrastructure

December 8, 2010 Leave a comment

While we constantly discuss progress of or issues with infrastructure development in India, there seems to be ambiguity over what all is included as a part of infrastructure.

Secretariat for Infrastructure at the Planning Commission has compiled definitions from various reports of different agencies. Read

Categories: Infrastructure

Mobile Banking in India

December 6, 2010 Leave a comment

A well-comprehended article on money transfer via cellphones. Read