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Indian Industry News: SIAM’s New Car Classification

August 1, 2011 Leave a comment

Maruti Suzuki, has posted the new classification of cars by SIAM and its models as per the new classification.

The new classification divides the cars across 8 sections instead of 6 that are currently in use. Companies are expected to release their sales numbers in the new format from August 2011 onwards. Read more…

Higher power tariffs in peak hours

Power distribution companies in the country are estimated to have incurred a staggering loss of about Rs 70,000 crore in the last fiscal and the amount is expected to be as much as Rs 1,16,000 crore by 2014-15.

Raising concerns about the health of power distribution utilities, Planning Commission Deputy Chairman Montek Singh Ahluwalia has suggested introduction of different electricity tariffs for peak and off-peak hours. Read more…

Indian Industry News: India’s fuel demand seen up 3.8 per cent in 2012, says IEA

July 15, 2011 1 comment

India’s fuel demand may rise 3.8 per cent in 2012 led by diesel and gasoline, the International Energy Agency said, adding a recent retail price hike by Asia’s third-largest oil consumer will not dent demand growth in the short term. IEA, an adviser to 28 industrialised countries, in its July report, forecasts India’s fuel demand to rise 132,000 barrels per day (bpd) to 3.6 million bpd in 2012 despite a likely slowdown in economic growth to 7.8 per cent in that fiscal. Read more…

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

Indian Industry News: Holcim’s raises stake over 51%

The Holcim Group has finally acquired more than 50% stake in its Indian subsidiaries–ACC and Ambuja Cement, reported Financial Express on 05 May 2011. Holcim Group on 29 April 2011, has acquired another 3.562% in Ambuja through open market purchase, increasing its stake in the company from 46.44% to 50.002%. It has also increased its stake in ACC by 0.8% and now holds 50.1%.

Fertiliser subsidy to rise further

February 25, 2011 Leave a comment

The Empowered Group of Ministers (EGoM) on fertilisers approved the prices of complex fertilisers for the financial year 2011-12.

The EGoM, headed by Finance Minister Pranab Mukherjee, approved the prices of di-ammonium phosphate (DAP), muriate of potash (MOP), sulphur and urea for the purposes of its nitrogen component at $580, $390, $180 and $350 per tonne, respectively. These are the prices at which contracting by the industry would be done for the whole financial year of 2011-12 under the Nutrient Based Subsidy (NBS) policy that was implemented for complex fertilisers from April 1, 2010.

However, the farm gate prices of these complex fertilisers would remain nearly at the same level Read more…

Mobile Banking in India

December 6, 2010 Leave a comment

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