Baldev Raj, scientist and director, Indira Gandhi Centre for Atomic Research, Kalpakkam, said the current installed nuclear power generation capacity is likely to increase five-fold to 25,000 Mwe by 2050 from the current 3,900 Mwe. The proposed expansion would require over Rs 125,000 crore. Nuclear power accounts for 3 per cent of India's total electricity generation and is estimated to go up to 25 per cent in 2050.
Rules out involvement of nominee and independent directors.
The town houses some 1,500 small and tiny units, of which 75 per cent are engaged in manufacturing components for the automotive industry. The town houses some 1,500 small and tiny units, of which 75 per cent are engaged in manufacturing components for the automotive industry.
The Employees' Provident Fund Office in Chennai said it intends to attach the properties of the promoters of struggling retail chain Subhiksha to meet provident fund dues for around 4,500 employees in and around the city.
According to the IRDA's data in 2007-08, the health insurance segment was estimated to be around Rs 5,152 crore, with only 2 per cent of the total population being covered. Realising the potential and advantages -- the segment has been growing at 37 per cent since 2002 -- both life and non-life insurers are offering health insurance products. Health insurance in 2007-08 accounted for 0.2 per cent of the individual regular premium for life insurance companies in India.
Nirmal Kotecha, co-promoter of Pyramid Symira, a Chennai-based entertainment company, has sold his entire stake in the company. He was holding 24.89 per cent stake in the company as on September 2008.
A cross section of life insurers, while discussing their expansion and recruitment plans, said most jobs would be created in sales and services. With the industry expected to touch $52 billion in 2010 from $35 billion in 2007-08, insurers were bullish about the prospects. According to an industry analyst, the availability of manpower now is enormous and relatively cheaper since all major industries have stopped recruitment.
The Indian Institute of Technology alumni is planning to create a new fund to support its various social projects. The projects are expected to create job opportunities for rural youth and transform India's Industrial Training Institutes.
Port administrations are planning to install IT gadgets like Radio Frequency Identification tags in trucks, scanners and also use speedboats for patrolling. The boats alone are likely to cost around Rs 40-50 crore (Rs 400-500 million). Union Minister of Shipping T R Baalu has also asked the directorate general of shipping to undertake a special audit on security in all the major ports to ensure compliance with all security measures.
The Union government's recent approval to the insurance Bill, which proposes, among other things, to raise the cap on foreign direct investment to 49 per cent from 26 per cent for private sector insurance companies, is expected to bring around Rs 7,000 crore (Rs 70 billion) into the industry, according to industry representatives. However, the Bill is yet to be introduced in Parliament.
A committee headed by Irda's member actuary R Kannan has suggested a grace period of 15 days for policyholders who pay premium on a monthly basis, while a 30 days grace period will be available to those who pay their premium annually, half-yearly or quarterly.
According to industry representatives, Chinese products, which used to be cheaper by around 10 per cent compared to Indian products, are no longer cheaper due to the increase in labour costs in China. The costs of labour have risen by around 40 per cent since January 2008 in China. Implementation of the European Union anti-dumping duty and Chinese currency Yuan appreciating against the US dollar are the other stated reasons.
Private equity (PE) investors are now diverting their attention to sectors such as energy, telecom, infrastructure, education, media and entertainment. Reason: these sectors are largely dependent on the domestic market and not foreign countries, especially the US market.
Tamil Nadu ranks lowest in terms of crop insurance penetration, which is just 3.12 per cent, as compared with 25-40 per cent in other states in the country.
Michael Boneham, president, Ford India, said the small car would be engineered for Indian conditions and that the company was keeping options open for both petrol and diesel variants. Ford's mall car will mark its entry into the mainstream segment, popularly known as the B segment cars in India, which accounts for a little over 70 per cent of the 1.3 million India car market.
Even mid-size and smaller IT companies are going slow on recruitments due to the uncertainty in business from the US, which is the single-largest market for these companies, says L Venkataesan, a placement consultant based in Tiruchy. JJ College of Engineering in Tiruchy, till before last year, saw almost 95 per cent of its students being placed.
The domestic logistics industry, which is estimated to generate business worth $110 billion in the next two years, will need over 400,000 additional pair of hands in the next four to five years.
The entry of private players has boosted the fortunes of FM radio in a big way in the country. This has been consistently reflecting in the revenue earned by the industry, which grew to Rs 550 crore (Rs 5.5 billion) last year from Rs 350 crore (Rs 3.5 billion) a year ago. The industry is expected to close with over Rs 800 crore (Rs 8 billion) in revenue this year.
With the general insurance penetration at a dismal 0.60 per cent (measured as a percentage of GDP), many companies feel that selling the policies through photo studios, grocery stores and even telephone booths would help improve the figure. "If telecom companies are able to use grocery stores, petty shops and other small outlets, why not insurance companies?" said an Insurance Regulatory and Development Authority official.
Speaking to Business Standard on the sidelines of the ground breaking ceremony of the Chennai-based Sri City's SEZ in Tada, in Andhra Pradesh, last week, Singhal said SEZs in the country have so far generated over 300,000 jobs, adding once all the 462 zones start functioning, they are expected to create 4 million jobs.
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