Archive for June, 2011

Global Aviation Industry Forecast Downgraded Further

The International Air Transport Association (IATA) further downgraded its 2011 airline industry profit forecast to $4 billion. Natural disasters in Japan, unrest in the Middle East and North Africa, coupled with a sharp rise in crude oil prices, have slashed industry profit expectations. Read more…

Categories: Aviation

State Electricity Boards: Weak Financial Health

State Electricity Boards have been the oldest organisations involved in the generation, transmission and distribution of power across the country. Although they have been  in the industry since India’s independence, these organisations continue to  face tumultuous times.

State Electricity Boards (SEBs) recorded a sharp erosion in their net worth over the past several years caused by high operational losses. Some of the reasons for the poor financial health are: Read more…

Categories: Power

Listed Power Companies Record Higher Profitability

While power generation in India grew by a moderate 5.6% during the financial year 2010-11, revenues of the electricity companies listed on the bourses (24 companies taken in to consideration) reflected a healthy financial performance. Read why.. Read more…

Categories: Financial Results, Power

The Basics of Value Added Tax in India

Introduced after much delay and opposition, Value Added Tax or VAT was introduced in India on April 1, 2005 at the rate of 12.5 %. This tax is designed to make accounting more transparent, cut trade barriers and boost tax revenues. Read more…

Categories: Taxation

Road Sector Update: June 2011

While the road ministry has set a goal of awarding 7,300 km of national highways projects in 2011-12, Prime Minister expects them to exceed this target. With infrastructure projects getting derailed, how likely is it to over achieve the target is something to ponder. Read more…

Categories: Roads

Cement Growth Lags GDP Growth

It’s for the first time in the past several years that demand for cement (up by 5%) has grown at a slower pace than GDP (up by 8.5%). Demand for cement partially reflects growth in economic activity, particularly with regards to capex. Read more…

Categories: Cement

Indian Industry News: Electronics industry size to exceed $150 b, says Exim Bank

A study by the Export-Import Bank of India (Exim Bank) has estimated the size of the electronics industry in India to exceed $150 billion by 2015. Exports of electronic goods are expected to touch $15 billion by 2013-14, said a news release from Exim Bank, quoting an estimate by the Ministry of Commerce and Industry. Read more…

Categories: Indian Industry News