Recently the consumer food giant Unilever Plc made an open offer to its Indian subsidiary Hindustan Unilever Ltd. (HUL) to raise its stake to 75%. The stake of 75% will be a result of undoing what government had done decades ago. Decades ago the Indira Gandhi government introduced the Foreign Exchange Regulation Act also known […]

Anti-dumping Duty in India The Government of India is in a fix trying to decide whether to impose anti-dumping duties or not. The Government’s intention is to protect and support the domestic solar industry by imposing anti-dumping duties against China, USA, Malaysia and Taiwan. However top ten solar power producers, in India like Vikram Solar, Symphony Vyapar Pvt Ltd and Lexicon Vanijya […]

Tamil Nadu’s new Subsidy for Rooftop Installations The Indian State of Tamil Nadu had set a target of 350 MW of solar rooftop installation by 2015. To support this initiative, the state recently announced Rs. 20,000 subsidy per kilowatt, subject to a maximum of 10,oo0 rooftop installations. This subsidy is over and above the subsidy […]

Why is Steel Authority of India a Buy for us For Steel Authority of India it might be the tough time but being patient and waiting for a cyclical turnaround might be profitable for you. We reiterate a BUY for the stock. Talking of the performance we see faltered domestic demand remains a concern, but there […]

Declining Indian Industrial Output It is needless to say that the core Industries is India’s lifeline. The industries are slipping badly marking a threat to the economy. The Index of Industrial production shows a decline in several outputs like electricity. There has been shortage in coal and gas production, which is partly to be blamed […]

The Finance Minister’s take on NPAs It seems the year 2013 will be marked as the golden year in the era for the non performing assets. During the recent quarterly review meeting with the banking officials, Finance Minister P Chidambram clearly mentioned his intention that Rich promoters of sick companies will not be tolerated any […]