Accelerate India: Technology for growth

In this episode of Accelerate India: Technology for growth Raja Ukil, CIO of Wipro & Shailesh Joshi, VP - Corporate IT, Godrej Industries tells how the cloud is heling their respective businesses.

In this episode of Accelerate India: Technology for growth Raja Ukil, CIO of  Wipro & Shailesh Joshi, VP - Corporate IT,  Godrej Industries tells how the cloud is heling their respective businesses.

Also, Shereen Bhan is in conversation with Microsoft India's Managing Director, Karan Bajwa about his thoughts on cloud computing in India.

Watch videos for more…

Wipro stock price

On November 03, 2014, Wipro closed at Rs 564.05, up Rs 0.60, or 0.11 percent. The 52-week high of the share was Rs 621.50 and the 52-week low was Rs 465.40.

The company's trailing 12-month (TTM) EPS was at Rs 34.28 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 16.45. The latest book value of the company is Rs 118.96 per share. At current value, the price-to-book value of the company is 4.74.

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Ashok Leyland sales jump 23.1% in October

The company had sold 53,694 units in April-October 2014 while it was 51,644 units during the same period of previous year.

Hinduja Group flagship  Ashok Leyland has reported a 23.1 percent increase in its sales in October at 8,375 units. The city-based heavy commercial vehicle manufacturer had sold 6,803 units during the same month of previous year. Majority of sales in October were contributed by medium and heavy commercial vehicles at 5,838 units while light commercial vehicles contributed 2,537 units, the company said in a statement.

For the period of April to October 31, 2014, the company witnessed a marginal increase of four per cent in its total sales. The company had sold 53,694 units in April-October 2014 while it was 51,644 units during the same period of previous year.

While Medium and Heavy Commercial Vehicle units sold in April-October 31,2014 grew to 38,953 units from 34,913 units sold during the same period of previous year, sales of LCVs declined to 14,741 units in April-October 2014 from 16,731 units sold during year ago period.

Shares of the company were trading at Rs 46.50 apiece up by 0.32 percent over previous close in afternoon BSE.

Also Read: Oct sales good; mkt share may rise to 23% by April, says Bajaj

Ashok Leyland stock price

On November 03, 2014, Ashok Leyland closed at Rs 46.50, up Rs 0.15, or 0.32 percent. The 52-week high of the share was Rs 47.75 and the 52-week low was Rs 14.90.

The company's trailing 12-month (TTM) EPS was at Rs 0.43 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 108.14. The latest book value of the company is Rs 15.69 per share. At current value, the price-to-book value of the company is 2.96.

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Suzlon sees more orders on accelerated depreciation booster

The accelerated depreciation scheme, that would provide relief for wind energy projects, came into force from mid-September.

Wind turbine maker Suzlon Energy  expects to receive additional orders worth about Rs 3,250 crore this fiscal on the back of government re-instating the accelerated depreciation scheme.

The accelerated depreciation scheme, that would provide relief for wind energy projects, came into force from mid-September.

According to sources, Suzlon expects to receive additional orders to the tune of 500 MW, worth about Rs 3,250 crore, in the current fiscal on account of AD scheme.

On a conservative basis, setting up 1 MW of wind energy generation capacity costs about Rs 6.5 crore. Accelerated depreciation (AD) refers to calculation that allows for higher deductions towards deprecation in the early life time of an asset.

When contacted, Suzlon Group Head of Finance Kirti Vagadia told PTI, "We expect to receive more orders in third and fourth quarters on account of accelerated depreciation (scheme)".

However, he did not divulge size of expected orders. The scheme, which had benefited the wind energy sector, was withdrawn by the earlier government in 2012.

"To encourage the wind energy programme, there is an accelerated depreciation. There was a confusion whether we have extended it or not. Members wanted it to be extended. I am, therefore, continuing with that accelerated depreciation," Finance Minister Arun Jaitley had informed the Lok Sabha in July while replying to a debate on the Finance Bill.

At the end of September, Suzlon's order book was worth USD 6.3 billion, with emerging markets alone accounting for about USD 1.1 billion. In terms of capacity, the order book\\ stood at around 4,600 MW.

Suzlon saw its consolidated net loss narrowing to Rs 656.21 crore in the three months ended September from Rs 782.37 crore recorded in the year-ago period.

This figure is after taking into account 'share in minority interest'.

In the second quarter (ended September) of current fiscal, the wind turbine maker's total income climbed to Rs 5,378.89 crore from Rs 4,808.90 crore in the same period a year ago.

Suzlon Energy stock price

On November 03, 2014, Suzlon Energy closed at Rs 13.40, down Rs 0.05, or 0.37 percent. The 52-week high of the share was Rs 36.80 and the 52-week low was Rs 8.24.

The latest book value of the company is Rs 9.05 per share. At current value, the price-to-book value of the company was 1.48.

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Coal India Oct output beats target first time in 7 months

Scrambling to add new mines and expand capacity, Coal India started production in July at a 12-million-tonnes-per-year mine, its first major new project in at least five years.

Coal India Ltd's  production beat its target in October, the first time in seven months, as the state-owned miner opened a major mine and there were no rain-related disruptions.

The world's largest coal miner, which has missed its annual production targets for years due to its inefficiency and other reasons, is under pressure from Prime Minister Narendra Modi's government to quickly boost output to cater to fuel-starved power plants.

The company produced 40.2 million tonnes last month, higher than its target of 39.74 million, it said in a statement on Monday. April-October production, however, was 97 percent of its target.

Scrambling to add new mines and expand capacity, Coal India started production in July at a 12-million-tonnes-per-year mine, its first major new project in at least five years.

The mine is ramping up production but a lack of rail connectivity means it has been able to sell very little.

The company failed to meet its offtake target for October and faces an uphill task of meeting its goal for this fiscal year ending March 31, a Coal India official said. He declined to be named as he is not authorised to talk to media.

Sixty one of India's 103 power plants had coal enough to last less than four days as of Thursday mainly due to lower supplies from Coal India, which accounts for more than 80 percent of the country's total production. India sits on the world's fifth-largest reserves but is the third largest importer of the fuel. This has forced Modi to open up the sector to commercial mining by private companies incorporated in India.

Coal India stock price

On November 03, 2014, Coal India closed at Rs 360.30, down Rs 9.05, or 2.45 percent. The 52-week high of the share was Rs 423.85 and the 52-week low was Rs 240.50.

The company's trailing 12-month (TTM) EPS was at Rs 20.04 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 17.98. The latest book value of the company is Rs 26.04 per share. At current value, the price-to-book value of the company is 13.84.

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CCI approves Fujitsu-Panasonic-DBJ JV

Fair trade regulator CCI has approved the proposed joint venture between three Japanese
entities -- Fujitsu, Panasonic and Development Bank of Japan -- saying that the deal does not raise anti-competition concerns in India.

Fujitsu and Panasonic have presence in India, while Development Bank of Japan, owned by the government of Japan, does not have any operations here.

As per the deal, the proposed joint venture would "specialise in system large-scale integration design and development of certain logic integrated circuit products".

An agreement in this regard was inked earlier this year between Fujitsu, Fujitsu Semiconductor Ltd (FSL) and Panasonic. Besides, a financing agreement was also executed between Fujitsu, FSL, Panasonic and Development Bank of Japan.

In an order released today, the Competition Commission of India said that "the proposed combination is not likely to have an appreciable adverse effect on competition in India".

The Commission observed that Fujitsu and its subsidiary, FSL, have had no sales of logic IC products in India in the last two financial years.

"As regards Panasonic, as per the information provided in the notice, the only affiliate that sells semiconductor/logic IC products into India is Panasonic Asia Pacific based in
Singapore, which has insignificant sales of semiconductor/ logic IC products in India," CCI noted.

"It is, therefore, observed that there is no horizontal overlap between the Parties in India. Further, as stated in the notice, there is no vertical relationship between the parties in India," it added.

Further, CCI also noted that there are various other major players present in the semiconductor and IC product market in the country.

Fujitsu, a global IT company, offers a wide range of products, solutions and services including servers, telecom and network infrastructure products, personal computers,
mobile phones.

Its subsidiary FSL would be contributing assets relating to its semiconductor business to the joint venture.

Panasonic is engaged in the development and engineering of electronic technologies, among others.

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Hyundai sales up 11.54% in October at 56,010 units

Commenting on the sales performance, HMIL Senior Vice President (Sales and Marketing) Rakesh Srivastava said there was increase in sales in additional and replacement buyers segment with demand led by new models like Elite i20, Xcent, coupled with festival buying.

Hyundai Motor India Ltd (HMIL) today reported 11.54 percent increase in total sales at 56,010 units in October 2014. The company had sold 50,212 units in the same month last year, it said in a statement. In the domestic market, Hyundai sold 38,010 units last month as compared to 36,002 units in October 2013, up 5.57 percent.

During the month, Hyundai's exports grew by 26.67 percent to 18,000 units as against 14,210 units in the same period last year. Commenting on the sales performance, HMIL Senior Vice President (Sales and Marketing) Rakesh Srivastava said there was increase in sales in additional and replacement buyers segment with demand led by new models like Elite i20, Xcent, coupled with festival buying.

"We anticipate that this positive momentum would build up further with increase in sales of entry buyers if there is strong promise of improvement in economic and macro factors in rural and urban markets," he added.
 

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TiE The Knot: A platform for early stage entrepreneurs

Catch the second edition of TiE The Knot in partnership with TiE Delhi-NCR. TiE The Knot is a platform where early stage entrepreneurs are battling it out to raise funds from some of India's top venture capitals and angels. Watch how four start-ups strike a deal and will walk away with over Rs 6.5 crore in funding.

Catch the second edition of TiE The Knot in partnership with TiE Delhi-NCR. TiE The Knot is a platform where early stage entrepreneurs are battling it out to raise funds from some of India's top venture capitals and angels. Watch how four start-ups strike a deal and will walk away with over Rs 6.5 crore in funding.

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Storyboard: Mindshare's Big Data to improve targeting

Storyboard editor Anant Rangaswami caught up with Mindshare's APAC COO, R Gowthaman to understand the implications of Big Data and how brands will profit from it.

Age, Gender and Income, use of such demographics to target consumers may soon be a thing of the past. Welcome Big Data which can help map consumer preferences or taste graph which Group M's Mindshare believes will improve targeting and deliver better results for brands.

Storyboard editor Anant Rangaswami caught up with Mindshare's APAC COO, R Gowthaman to understand the implications of this change and how brands will profit from it.

For full show watch video.

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VE Commercial Vehicles sales up marginally in October

The company, which is a 50:50 joint venture between Volvo Group and Eicher Motors, had sold 3,001 units in the same month last year.

Auto maker VE Commercial Vehicles today reported a marginal increase in total sales of its Eicher branded products at 3,052 units in October.

The company, which is a 50:50 joint venture between Volvo Group and Eicher Motors , had sold 3,001 units in the same month last year.

Domestic sales registered a decline of 5.42 per cent to 2,494 units in October this year as against 2,637 units in the same month year ago, VE Commercial Vehicles (VECV) said in a statement.

However, exports of Eicher trucks and buses grew by 53.29 per cent to 558 units last month as against 364 units in October 2013, it added.

Eicher Motors stock price

On October 31, 2014, Eicher Motors closed at Rs 12769.50, up Rs 222.05, or 1.77 percent. The 52-week high of the share was Rs 12837.60 and the 52-week low was Rs 3855.00.

The company's trailing 12-month (TTM) EPS was at Rs 158.68 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 80.47. The latest book value of the company is Rs 303.07 per share. At current value, the price-to-book value of the company is 42.13.

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Toyota Kirloskar sales down 12% in October

The company had sold 15,576 units in the corresponding month of previous year, Toyota Kirloskar Motor (TKM) said in a statement.

Toyota Kirloskar Motor today reported 11.94 percent decline in total sales at 13,716 units in October 2014.

The company had sold 15,576 units in the corresponding month of previous year, Toyota Kirloskar Motor (TKM) said in a statement.

In the domestic market, TKM sold 12,556 units in October 2014, down 4.6 per cent as compared to 13,162 units in October 2013. During the month, the company exported 1,160 units of Etios.

Commenting on the sales performance, TKM Senior Vice President (Sales and Marketing) N Raja said: "We have maintained the sales volumes as September, in the domestic market and hope to see growth in the next two months".

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