COMPANIES & SECTORS


Dr Swati Piramal, director of Piramal Life Sciences, has been quoted in the media as saying that Piramal expects to launch its first drug by 2011-12. She further said that “the company would not hazard a guess on when it can break even because even after launch drugs can fail.” That gives a...

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Troubled winemaker’s bank accounts seized by sales tax department for non-payment of dues to employees India’s oldest winemaker Indage Vintners, we learn, has not been making payments to suppliers and service providers ever since the beginning of this year. In a business that is dependent on a...

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When Tata announced the launch of their small, compact car 'Nano' priced at Rs1,00,000, many raised questions about the sustainability of such vehicles. Many were worried over Nano's small size and its capacity to carry a load of four fully grown people. Nano answered most of the criticism and...

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Disgruntled employees allege IOL Netcom has been withholding salaries since January 2009, allegedly due to cash problems. All is not well at IOL Netcom Ltd, an IPTV and Internet services company based in Mumbai. An ex-employee of the company complained that his salary has remained unpaid...

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  India’s gas production will almost double in the next four months due to production from the Kaveri Godavari (KG) basin. As per the director general of hydrocarbons—comments accessed by energylineindia—gas production will increase from 39 cubic metres per day (mmscmd) in October 2009 to...

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Government has provided many benefits and tax incentives to the Shipping industry but in vain. Shipping companies have not made a mark in the past decade. The shipping industry is somewhat of a blot on the India growth story. It hasn't added any significant tonnage in over 14 years as...

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Cement producers in north India expect demand to improve despite fall in prices while analysts believe demand will be unable to meet the oversupply in the market Cement manufacturers from northern India are confident that there would be continuous demand following projects related with...

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These days every other GSM mobile services provider has been bit by the lower tariff bug. The "pay-per-call" and "pay-per-second" initiative by Tata Teleservices has forced major players like Bharti Airtel and Reliance Communications (RCom) to join the tariff war. The latest to join the war...

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Vested interests in the real estate market are falsely spiking property prices. Developers and broking firms are creating a false bubble by exaggerating the improved market sentiment The convergence of vested interests of a few developers, media houses and broking firms is creating an...

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Developers like Neptune and Rustomjee plan more redevelopment projects in Mumbai The Maharashtra government’s efforts to give a boost to redevelopment in Mumbai by increasing the floor space index (FSI) up to 4, has started showing results. While developers like Rustomjee and Neptune plan...

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Ratings agency CRISIL has said that credit quality of Indian companies is beginning to stabilise after being in virtual free fall for FY09 as companies are having easier access to funds following the Union government's fiscal and monetary easing and positive stock market conditions coupled...

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  UTV’s latest movie Main Aur Mrs Khanna could only pull 50% of the crowd to the theaters but its previous movie Wake Up Sid, a Ranbir Kapoor starter, which was released in theatres on 2nd October is still able to pull in 85% occupancy. PVR’s first weekend collection for the movie...

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ANZ Bank, Goldman Sachs, UBS, Citigroup, Merrill Lynch and five other global analysts have forecasted that Asian coal prices will fall by 20% in 2009. However, against the analyst price fall warnings, coal prices in India have increased which is likely to put more pressure on power and cement...

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Elections are the most coveted event for TV news channels and Union Budgets are what business TV channels look forward to. Their viewership shoots up on those occasions—it’s no wonder that TV channels advertise heavily the coverage of Union Budget as an event. That is when they hope to rake...

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Domestic consumer products companies are relentlessly catching up with bigger foreign rivals. Now, in a major victory, Godrej No.1 has overtaken HUL’s Lifebuoy and Lux in the north Indian market (annual sale of Rs5000, crore), according to AC Nielsen, a market research firm. The company is...

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 MTN has tied up with software and managed services provider IMImobile Pvt Ltd to provide mobile and online content to its subscribers across Africa and the Middle East. No financial details were provided.   "IMImobile's value proposition and technology solutions will enable MTN to reduce the...

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The software solutions company is also ready to offer operating expenses based model for Indian retailers Software solutions company MindTree Ltd, which has launched multi-channel software for retailers, has said it is ready to offer software solutions based on operating expenses model for...

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Gartner says that world IT spending (IT market size) will grow by 3.3% to $3.3 trillion in 2010. The market size given by Gartner is twice the market size given in the NASSCOM Strategic Report 2009. The report says that world IT market size is only $1.6 trillion. Gartner is an international...

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One of the best performing sectors in India’s growth revival is the cement sector. However, the industry is headed for overcapacity and prices are likely to come down. One immediate indication of this has surfaced in Andhra Pradesh (AP). Cement prices continue to remain low in AP since August...

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Real estate developers are ramping up property prices in order to get higher valuation for utilising public money as many of them are planning to enter the capital market to raise funds.   “It is all a game plan because Initial Public Offerings (IPOs) are lined up. Increase in the...

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