Saturday, September 4th, 2010
Investors have been worrying about a need of development at bus operator Go-Ahead Group for some time. This is why the share price has been dwindling since June. Questor suggested a buy due to the highly-cash productive nature of the business. It was disagreed that the obscurity had been overcooked. Yesterday’s complete-year outcome established that things have not been as bad as some had worried and the shares went dashing to close to the top of the leader board. They are still, nevertheless, 4pc beneath the commendation price. read more
Saturday, September 4th, 2010
One of India’s and world’s largest steel producer, Tata Steel has said that it is in talks with various banks for raising $5.4 billion as loans for its UK units. There are four main banks that have been approached by the company, said sources close to the development. These four banks are BNP Paribas SA, Credit Agricole CIB, HSBC Holdings and Royal Bank of Scotland Group. Besides this, there are 11 other banks and it is expected that the loan is to be paid back in five years time. read more
Friday, September 3rd, 2010
Majority of the industry members have backed the Government’s proposal to initiate foreign investment in multi-brand retail sector. Anand Sharma, Commerce and Industry Minister expressed that with the opening up of foreign investment in the retail sector; there would be growth in the unorganized retail and it would also give a lift to employment. He said, “The department has received all inputs on the position paper floated on the issue and an inter-ministerial core group will hold discussions on it soon”. read more
Friday, September 3rd, 2010
The leader of bike maker, Harley-Davidson, is planning to launch its Harley Owners Group (HOG) in India soon. The HOG will be a community marketing club for bike users and will be sponsored and run by Harley-Davidson. The Marketing Director of Harley-Davidson, Mr. Sanjay Tripathi told PTI that the Company is preparing to open HOG in the month of October. He also said that anyone who will purchase the Harley bike will automatically become a part of HOG. read more
Thursday, September 2nd, 2010
On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before. Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year. read more
Thursday, September 2nd, 2010
With mild gains in the local share market and Dollar’s weakened spot, helped rupee maintain its impetus by being on the stronger side of its value on Thursday. The partially changeable rupee remained at 46.77/78 per dollar which is at 1:56 pm, with an opening of 46.75 and on Wednesday, it closed at 46.805/815. read more
Wednesday, September 1st, 2010
It has been reported that the sales of automaker Tata Motors have increased by 32.38% in the month of August at 65,938 units and last year in the same month, sales were increased at 49,810 units. The Company has said in its statement that in the local market, total passenger vehicles sales stood at 25,196 units in August and last year it was 17,364 units, thus, there is a leap of 45.10%. The Company added in the statement that as compare to last year’s 2,684 units in August, the exports of the Company have increased by 92.14%. read more
Wednesday, September 1st, 2010
The strong local demand did not let the imports see a downturn even a bit, while the growth in India’s merchandise exports went down in July. This delay in exports is being attributed to the slowdown in key overseas markets. Following the drop of 4.7% in the 2009 – 2010 fiscal years, the current fiscal year will see growth in the Asia’s third-largest economy, a growth very close to 15%. read more
Tuesday, August 31st, 2010
Liquor Baron of India, Vijay Mallya has rubbished media reports stating that he is in talks with Reliance Industries Limited regarding plans to sell United Breweries share in Manglore Chemical Fertilizers (MCF). read more
Tuesday, August 31st, 2010
Switzerland and India have gone ahead and signed the Double Taxation Avoidance Agreement in which India would be able to access information in Swiss banks regarding taxation purposes only. India would not be able to have access to any of the unaccounted money that has been stashed away by Indians in Swiss Banks. read more
