Coal dispatches to power sector rise 18% in October

Coal dispatches from state-run miner Coal India Ltd (CIL) to power sector improved by 18 per cent to 39.9 million tonnes in October, official data showed. The power ministry earlier...

Airtel updates Rs 349 plan; offers 1.5GB per day validity of 28 days

Airtel is offering 1.5GB per day data with unlimited local, STD calls and 3000 text message.However, Reliance Jio is still offering a validity of 70 days with unlimited calls and text messages. Airtel calls are capped at 250 minutes a day or 1000 minutes a week  beyond this  a levy of 10p per min for Airtel to Airtel calls and 30p per min for other network.The offer can be availed by using Airtel's application.

Govt looking to cut stake in public sector banks to 52%, says Jaitley

Government looking to reduce its stake in State-run banks to 52 % to make them more professional and independent.Government owns over 59 per cent stake in SBI, 81.5 per cent in Central Bank of India, 76.5 per cent in IDBI Bank, 64.5 per cent in Canara Bank, 64.4 per cent in Bank of India, 61 per cent in Andhra Bank,60 per cent each in Allahabad Bank and Punjab National Bank, and 57.5 per cent in Bank of Baroda.

Vodafone launches Rs 177 and Rs 496 offers for new customers to counter Jio

Customers who join Vodafone will get unlimited local & STD calls, free national roaming (outgoing & incoming) and 1GB data per day for the first recharge of Rs 496 for 84 days. In another offer, a new customer will get unlimited local & STD calls and 1GB data for 28 days for Rs 177. Vodafone has announced a short-duration plan that offers unlimited calling and 500 MB data at about Rs 69 with 7 days of validity.

India becomes Honda’s No.1 market in Asia Oceania region

India has become the largest market in terms of retail sales for Japanese auto major Honda in the Asia Oceania region in the first half of this fiscal."We have...

BSE Ltd is expected a total cash turnover to post 15% CAGR over FY17-20E...

NSE has market share of ~100% in the derivatives segment, and ~84% in the cash segment. BSE has been losing market share in the cash segment to NSE since 2006, but this has now stabilised in the last 3-4 years. In FY17, BSE had ~16% market share in the cash market. BSE/NSE cash turnover increased at CAGR of 5.5/13.2% over FY05 FY17 respectively. The Central Depository Services Ltd (CDSL) is the 2nd largest depository in India, with 44% market share. BSE holds 24% stake in CDSL. EBITDA has witnessed 22% CAGR over FY13-17 . CDSL revenue/EBITDA/PAT to increase at CAGR of 19/23/17% over FY17-20E.

IT industry to achieve 11-11.5 percent compounded annual growth rate (CAGR) over the next...

A majority of IT business will come from digital transformation projects in coming years, says C P Gurnani, Managing Director (MD) and Chief Executive Officer (CEO), Tech Mahindra . Gurnani is confident that the IT industry will achieve 11-11.5 percent compounded annual growth rate (CAGR) over the next five years and will meet the 2020 revenue target of USD 225 billion.

Indian automobile industry can contribute over 12 per cent to the country's GDP ...

Currently, the automobile industry is contributing 7.1 per cent Indian automobile industry can contribute over 12 per cent to the country’s GDP and generate around 6.5 crore additional jobs over the next decade, a top Maruti Suzuki India official said today. “Our vision is that over the next decade, the Indian automobile sector must contribute in excess of 12 per cent of the country’s GDP. We (auto industry) want to create nearly 65 million additional jobs by 2026,” Maruti Suzuki India Managing Director and CEO Kenichi Ayukawa today said at an event here.

India just have 9% share of patented drugs. This shows that Indian Pharma industry...

India has 3rd largest drugs production by volume and 13th by value. It is because of generic drug production India is 3rd biggest manufacturer of drugs. It was one of the few sectors in which FDI in which more than 50% of FDI (Infact 74% of FDI) was allowed from the start. It gave boon to Indian pharma market.India just have 9% share of patented drugs. This shows that Indian Pharma industry lacks innovation in developing new drugs. Thus, India wants to succeed it has to develop and promote innovation and move up the value chain.

Virgin group, and Bharti Enterprise, OneWeb will be launching its satellites in 2018.

Companies racing to launch satellites to provide super fast internet. About 150 satellites weighing 120 kg each would be orbiting the earth taking turns in beaming internet down from the sky. Thus forming a network in space. With the first satellite scheduled for launch in 2018, Astrome is currently in talks with different segments of the markets to provide its internet service. However, “launching the satellite and testing it will be our top priority,” said Prasad HL Bhat, CTO, Astrome Technologies. “Once the network is operational, all  .. Asked about the feasibility of satellite internet, Dr. KT Alex, former Director of ISRO Satellite Centre Bangalore said, “The concept of providing internet from space is viable, however manufacturing satellites costs a lot of money. Once you have the money for investment it is possible”. The Indian firm is currently backed by IISC and other private investors, “We raise funds in stages as per our need,” Satak said, adding that they receive business mentoring from Cisco and Analog dev ..

India is estimated to have spent over $10 billion on the imports of edible...

According to United States Department of Agriculture (USDA), India’s edible oil has a market size of 20.23 million metric tonnes (MT) in volume (annual consumption) and is valued at over INR 1 trillion. (June 2015 estimates). The national per capita consumption of edible oils and fats is 14 kg per annum, which is substantially lower than the world average of 20 kg per annum. While in developed countries the figure is 35 kg per annum. India’s per capita consumption is expected to increase in future and that too substantially. India is estimated to have spent over $10 billion on the imports of edible oil, making it the third-biggest import item after crude oil and gold.

In textile sector good news for India is that due to rising labour costs,...

For several years, India has enjoyed the position of being the second largest producer exporter of textiles in the world largest being China. The good news for India is that due to rising labour costs, China is gradually losing its competitive edge. Other factors contributing to the downfall of China’s textile exports include appreciating currency value, rising material & energy costs and a high focus on the domestic market. The decline in China’s market share in textiles provides an opportunity for India to excel in this sector.The Technology Upgradation Fund Scheme is anticipated to render a growth of 11.5 percent in cloth production, 15 percent in value exports and an additional employment of almost 15.81 million workers.