Is Osama Bin Laden dead or alive?
Centre working under influence of capitalists: Mayawati
Troubled galaxy Destroyed Dreams, Chapter 436
Palash Biswas
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18 Nov 2009 ... On the eve of the Indian Prime Minister's state visit to United States, ... we Commuters were engaged in intense debate on Indian Economy as the debate .... Troubled Galaxy Destroyed Dreams, Chapter 416 Palash Biswas ...
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 Rural Mutiny, FARM CRISIS and Cereally challenged Indian Economy  Troubled Galaxy Destroyed Dreams: Chapter 174  Palash Biswas  Indian ADRs lose nearly ...
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by Palash Biswas 01 Dec 2009. This story has been read 520 times. ... Controled by US zionist Corporate Economy, FIIs, MNCs and India Incs happen to be very ... Meanwhile, Indian officials are attaching considerable significance to Mr. ...
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Delhi Auto Expo bigger than its global peers?Economic Times - 15 hours ago An auto show reflects the progress and status of the automotive industry in the country or region. The automobile industry in India has an important place ... GM's India plan: 3 LCV variants in 2011, compact car in '12Expressindia.com - 13 hours ago ... next year with three LCV variants besides another compact car in 2012 as part of its joint venture with Shanghai Automotive Industry Corporation (SAIC). ... GM powertrain from Talegaon on the anvil Financial Express GM may ride JV with SAIC on Chevorlet Economic Times Showcasing the auto industryThe Hindu - Jan 11, 2010 The Delhi auto expo has showcased India's growing stature in the automobile industry, especially in the small car segment. The signs of growth have been ... Auto Expo affirms India as global auto industry hub Little About (blog) Delhi Auto Expo a giant mess Times of India Separate auto expos for CVs and bikes & cars next year Economic Times Honda 'among the hunted,' exec saysDetroit Free Press - - 16 hours ago Even if the global economy recovers and industry sales rebound, surviving in the global automotive industry isn't going to get easier, ... Sino-India could reshape global auto ind executives Press Trust of India China and India's growth means big business for US autos Steel Business Briefing (subscription) Auto show-Click and buy? Not yet… Reuters UK (blog) SkodaAuto India bags seven prestigious Auto AwardsFinancial Express - 4 hours ago Since the launch of these two models last year, Skoda Auto India's sales have surpassed our expectations. We are delighted to receive these prestigious ... Traders upbeat about prospectsTimes of India - - Jan 12, 2010 Terming it as one of the best platforms, they believe that if they could not upgrade their industry, it would be very difficult for the auto industry to ... Auto Expo starts, showing India's growing clout as industry hubEconomic Times - Jan 5, 2010 The Indian automotive industry has a turnover of more than $18 billion (Rs.90000 crore) today and expects to gain significantly through new tie-ups, ... Hub Of Small Things Times of India Auto, oil sectors anxious as clean fuel deadline nearsHindu Business Line - 19 hours ago This scenario is turning out to be the worst nightmare for the auto industry. Staggered supplies of BS III petrol and diesel means car makers would have to ... Could auto industry be the next engine of growth?Moneycontrol.com - Jan 13, 2010 Has India emerged on the global stage as a small car hub and could auto industry be the next engine of growth? In an interview with CNBC-TV18, ... Automakers need to face new realityMarketplace (blog) - 15 hours ago Carmakers may be upbeat about 2010 as they showcase their latest models at the Detroit Auto Show, but the auto industry's problems are still with us. ... Video: Electric Cars Make Headlines at Detroit Auto Show  CleanSkies.com Luxury on display at US auto show Arab Times Driving toward frugality Chicago Tribune | |
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Automobile Industry In India,Indian Automobile Industry,Indian ...
Automobile Industry in India - Get informed with all the events, news and happenings in the Indian automobile industry and know more about auto component ...
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An auto show reflects the progress and status of the automotive industry in the country or region. The automobile industry in India has an important place ...Economic Times - 12 related articles »
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Presentation on Landscape of Automobile Industry in India
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Automobile Industry, Automobiles in India
Maha Kumbh starts, thousands take dip in Ganga
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Agencies
Posted: Jan 14, 2010 at 1009 hrs IST
Haridwar Braving the winter chill, thousands of devotees on Thursday took a holy dip in the Ganga here heralding the start of the three-month-long Maha Kumbh, considered the largest religious congregation that takes place once in 12 years.
With the sun rise at about 0645 hours, devotees, who had started lining up along the streets of Haridwar leading to various ghats, took the dip on the occasion of 'Makar Sankranti' -- known as Uttarayan in other parts of the country, the day when the sun starts to move northwards marking the decline of winter.
Men, women and children outnumbered the sadhus, who are expected to throng the city only after January 26 as the official entrance of the 'akharas' will begin then. The first 'shahi snan' or royal bath is scheduled for February 12 when the akhara chiefs also join the devotees. Many foreigners who were seen in the queue also took bath.
"I was in Jaipur where I was told about this mega religious event.I came down to be a part of it," Victor Schendia from Switzerland, who lined up near the main ghat 'Hari Ki Pauri', said.
The roads leading to nearly 300 ghats have a heavy police presence that has turned the Haridwar into a fortress. Barricades have been set up to control the flow of crowds. The traffic in the city has come to a halt with no vehicles being allowed to ply.
"It is something that I always wanted to do. I never got a chance but now I have closed my business till February 12 and have come here with my family.The water is very cold but I am happy that I undertook this journey," Vijai Raj Shankar Sharma, a devotee from Uttar Pradesh, said.
People with folded hands and a prayer on their lips walked along the roads as the ghats echoed with Vedic hymns, bells and conch shells, leaving an enchanting spell.
District administration said their aim is to give at least five minutes to each devotees to take his bath. The Kumbh mela goes back to the Vedic ages and, according to Hindu mythology, the places where Kumbh is observed are the ones where four drops of 'amrit' (nectar) fell from the 'kumbh' (pot) at the four places when Lord
Vishnu's 'vahan' (vehicle) 'Garuda' was escaping from the demons who also wanted the nectar. Belief is that the river Ganga also acquires certain properties of the nectar during Kumbh. Instructions about safety arrangements were also given out on the public announcement systems, which have have been set up all across Haridwar town.
"We have kept blankets, boats and even made arrangements for bonfire in case any of the devotee taking the bath suffers from hypothermia. Steps are all in place to ensure that any needy person is taken to the hospital fast," Chief Mela Officer Anand Bardhan said.
Spread over an area of 130 sq km, the Kumbh has been divided into 12 zones and 32 sectors with heavy presence of police personnel.
Thirty-four police stations and 42 makeshift posts have been set up besides the 36 temporary fire stations.
Video
Business Outlook 2010. Review 2009
A look at how India Inc will fare in 2010 and a review of major business events and top Reuters Money content of 2009. Full Coverage | Blog
SHOWCASE
Tightening Measures
Global markets were rattled by China's surprise increase of banks' required reserves. Full Article
Fight for E-car
Daimler and BMW are feuding over just whose test fleet of small electric cars is closest to serial production. Full Article
Personal Finance
Get tips on how to keep that moolah in your pocket. Full Coverage
Politics & Inflation
As economic stimulus acts with variable lags, the timing of policy 'normalisation' is inherently tricky anyway. Full Article
Central Banks Cautious
Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on. Full Coverage
Banking on Rebound
Automakers, burned by a 4-year sales downturn, are hewing to modest U.S. growth forecasts. Full Article
http://in.reuters.com/article/economicNews/idINIndia-45095320100101
Industry & Economy
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Carmakers bet on electric; see early hurdles
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By Helen Massy-Beresford
DETROIT (Reuters) - Carmakers emerging from a savage crisis hope to lure drivers to electric cars in the coming years, but cost, range and safety considerations mean many are still cautious, holding back from predicting an early sales boom.
As automakers showcased gleaming, futuristic electric cars at the Detroit Auto Show this week -- some of which will be on the road in 2010 -- executives' views varied on how quickly and comprehensively the technology will be adopted. Many sounded a note of caution.
As the much-talked-about electric car revolution edges toward becoming a reality, safety is a key concern.
"(Safety) is something that has got to be integrated in the design of new vehicles," said Patrick Oliva, corporate vice president in charge of research and sustainable development at French tire maker Michelin.
The manufacturer showcased its Active Wheel technology, which integrates a miniature traction engine and an electric suspension system in the wheel, at the Detroit show, on the futuristic Volage concept car made by Monaco-based electric sports car maker Venturi.
Oliva told Reuters in an interview that Active Wheel can improve the performance of electric cars, cutting out weight from the body of the vehicle and improving efficiency.
"It's difficult to put an internal combustion engine in a wheel, but putting an electric vehicle in a wheel makes sense," said Oliva, explaining that it would cut friction and waste, and make the car lighter and more energy-efficient.
Gildo Pallanca Pastor, CEO of Venturi, which is pushing electric vehicle technology to its limits with the "Fetish" electric sports car and a project for an electric vehicle designed for Antarctica, also sees safety as a key issue. Continued...
Q+A - How will Google case impact foreign investors in China?
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By Jason Subler
SHANGHAI (Reuters) - U.S. Internet giant Google has threatened to shut its China operations after cyber attacks emanating from the country, in response to which Beijing defended its censorship policies.
The case has prompted concern among the foreign investor community and public calls from U.S. officials for China to safeguard the business environment there, raising questions about the difficulty and risks of doing business in the world's third-largest economy.
WHAT IS THE MOST IMMEDIATE IMPACT FOR OTHER FIRMS?
Heightened awareness of the potential damage from cyber attacks, not just for technology companies.
Google said its investigation into the attack on it in mid-December showed at least 20 other large companies in fields ranging from finance to chemicals were also hit.
That raises the bar in foreign companies' battle against one of their long-standing complaints about doing business in China -- intellectual property (IP) theft -- and could prompt them to more vigorously defend their own IP.
Reflecting the alarm created by increased threats to companies' intellectual property, Brenda Foster, president of the American Chamber of Commerce in Shanghai, called the attack against Google and other firms a matter of "extreme concern". Continued...
FII inflows and their impact in 2010
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(Rajan Ghotgalkar is Country Head - INDIA at Principal International and Managing Director of Principal Pnb Asset Management Company (in association with Vijaya Bank). The views expressed in this column are his own)
By Rajan Ghotgalkar
The year 2008 has been one heck of a roller coaster ride which left us with the kind of feeling when we are nearing the peak of the ride and its time for us to clench at the hand bars in anticipation of a ride to base.
Everyone missed the huge stock market rally following the May 2009 election results and whilst most waited for a correction, the market went on to scale new highs. Not many would disagree that, the market was ahead of its fundamentals but then it had nowhere to go but up when there was a flood of money chasing limited stock.
It was liquidity driving the prices up. Looking back everyone in the business came up with seemingly rational explanations for this phenomenon. Someone once told me that, experts are people who can offer better explanations for their failure – here it was the failure to recognise the rally early enough for anyone to capitalise on it.
It is therefore hardly surprising that, we are anxious about the coming year – will it make us look good or bad in the eyes of the investors when they look down from peak Sensex 17500!
Year 2007 saw FIIs bring in about USD 17 Bn. In the year 2008, USD 12 Bn exited and that too in a real hurry; only to have USD 18 Bn come back in year 2009. The details are interesting - about 50% of the inflows subscribed to QIPs and only about 25% went into the equity secondary market. In fact the DIIs, mostly insurance companies, put more money into the market than the FIIs i.e. after mutual funds sold about Rs.6000 crores.
I should confess I am not too worried about the macro economic future. The India growth story is very much intact and kicking. We survived the global financial crisis and the resulting contraction in exports and exit of FIIs .I can safely say that, with all the green shoots being sighted around, India's BOP should hardly give cause for concern. Continued..Understanding your income tax slab
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By iTrust Financial Advisors (www.itrust.in)
As we enter the final leg of the 2009 – 10 financial year, it is useful to review the big change in personal taxation that was announced in the Annual Budget in June 2009. Here we share with you some basics so you can better understand your tax situation.
The Basics – Understand Your Income Tax Slab
Under the budget announced in early June 2009, the following are the new rates of personal income tax:
Male
Up to Rs. 1.6 lakhs – Nil; Next Rs. 1.4 lakhs - 10%; Next Rs. 2 lakhs - 20%; Over Rs. 5 lakhs - 30%
Female Continued...
Inflation jumps, RBI seen tightening
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By Manoj Kumar
NEW DELHI (Reuters) - Inflation jumped to a one-year high in December, reinforcing views the Reserve Bank of India (RBI) will start increasing reserve requirements later this month to contain price pressures as the economic recovery strengthens.
Markets have mostly factored in a 50-basis point rise in the cash reserve ratio (CRR), the level of cash banks must keep with the central bank, on Jan. 29 but recent strong data has raised expectations that policy rates might also be raised.
The wholesale price index rose 7.3 percent in December from a year earlier, its highest since November 2008 and accelerating from a 4.8 percent gain in November, data showed on Thursday. The reading matched analysts' forecast in a Reuters poll.
The rise was driven by near 20 percent jump in food prices, which rose on weak monsoon rains and flooding in parts of the country, but inflation in manufacturing products picked up to 5.2 percent from 4 percent in November, a sign that inflationary pressures were spreading to other sectors of the economy.
"With expectations of maybe high and rising inflation now entrenched, the RBI (Reserve Bank of India) would start to counter them with tighter monetary policy, starting with a CRR hike in January review and gradual rate hikes post that," said Gaurav Kapur, senior economist at ABN AMRO Bank in Mumbai.
For a graphic on inflation click r.reuters.com/sep53h
Some central banks in Asia have already started to drain liquidity from the market as the economic recovery gathers pace. China surprised markets on Tuesday by raising banks' reserve requirement ratio by 0.5 percentage point. The measure will take effect on Jan. 18.
Continued...
http://in.reuters.com/article/economicNews/idINIndia-45396620100114
Indian Economists, Policy makers and the Ruling COMODORE Zionist Brahaminical Hegemony including Extra constitutional Elements led Government Of India Incs have Salughtered Rural India, Indian Peasantrty, Indian agricultuer and Production system. The so called Indian Economy has focused on Service and IT industry to enhance the Growth Rate Myth to kill all Negroid Black Untouchables and Feed the Killer Money Machine owned by Market Dominating Foreign Origin Communities. NRI Voting Right, Dula citizenship for the NRI affliated to galaxy Hindutva and NRI Governance do seem to be the points of Concern these days. Consumerable durables, Foreign capital Infow and FIIs make the Spine of Indiaeconomics coupled with US War Economy and Military Interests. Indian Economy is now tagged with Nuclear Strategic Realliance in US Israel lead as the Brahmins identify themselves with the Jews. War against Terror and Maoist Menace are the most Democratic Forums of ethnic Cleansing with Economic Reforms Drive to acomplish Mass Destruction Agenda!Monopolistic Aggression against the Aboriginal Indigenous Minrity Communities continues with Intense Mind Control and Hate campaign games. Osama Bin Laden has become the Icon of targeted Galaxy Empire of Post Modern Manusmriti and Apartheid.
Automakers like Renault and Volkswagen seek to outsource their complex design engineering projects to India. The engineering services outsourcing (ESO) industry in India is set to achieve $55 billion in revenues by 2020. We have seen how Bengali Brahamin Marxists lost their Grass Root Support as well as the Ideological Heritage of continous Mass Movement just to Run on Capitalist Highway of Auto Bomm. Inviting Ratan Tata, the Nano Master to Singur opened the Pandora1s box and led to a Live Serial of Insurrections including Singur, Nandigram, Haripur Junput, Gorkhaland, Lalgarh and so on. The Intelligentsia and civil society Hitherto tagged with the Marxist Ruling Hegemony Converted Rightists and Crossed the Fence to Join Private Public partnership Icon Ms Mamata Matua Banerjee, another Brahmin, another Phenomenon of Enslavement and Diversion Full Fledged to Continue systematic Ethnic Cleansing of Black Untouchables!
Prime Minister Manmohan Singh promised to improve infrastructure, a day after the head of the world's biggest steelmaker Arcelor Mittal blasted the country over delays in getting projects off the ground.
Infrastructure bottlenecks, the result of red-tape, difficulties over land acquisition and lack of funding, have long been a drag on Asia's third-largest economy, knocking an estimated 2 percentage points off its growth.
"I recognise the frustration well-wishers feel when they lament why things don't work faster or why well-formulated plans and policies don't get implemented as well as they should be," Singh told a conference of expatriate Indians.
"It is probably true that we are a slow-moving elephant but it is equally true that with each step forward we leave behind a deep imprint," he said, adding that economic growth could reach 7 percent in the fiscal year ending in March.
Beset by power blackouts, crumbling roads and choked ports, India stacks up poorly against larger neighbour China, whose rampant growth has been helped by Beijing's development of world class infrastructure.
Indian businesses large and small, for example, are forced to self-generate power in order to ensure supply.
Speaking a day after his government was criticised by Lakshmi Mittal, chairman of ArcelorMittal, for slow progress on realising projects, Singh pledged that his government would remove constraints.
However, the Auto Expo 2006 has driven home one heartening point -- The world's biggest carmakers, including Ford and General Motors, are looking for a kill in India, considered one of the fastest growing automobile markets. The auto majors are lining up major investments in the country, in an apparent bid to outdo each other.
Conservative estimates put the growth rate of Indian economy at 7 per cent, with the booming Indian automobile sector being considered as a key driver of growth.
Analysts and industry watchers at the recently concluded Auto Expo 2006 in New Delhi, India said the steep rise in incomes, triggered by a booming economy, was the main reason behind the growth in car sales. The easy availability of automobile loans after the Indian economy was liberalised is also another reason why car sales in India have boomed.
The Indian economy is expected to grow by around 7.75 percent in the fiscal year to March 2010, but food price inflation is a major concern, the finance minister said on Wednesday.
Pranab Mukherjee also said the government could unload surplus wheat and rice stocks for open market sale.
"There is enough wheat and rice stocks. Therefore, it is proposed to make open market sale for unloading of surplus stock," he said.
India is the world's largest mini car maker. The country is also the second largest maker of motorcycles, the largest tractor maker and ranks fifth in production of trucks and buses.
Auto majors Ford, Skoda, General Motors and Mahindra & Mahindra flaunted their sedans during the Auto Expo.
The Indian auto market was primarily a market where small cars thrived. But this is changing rapidly, with increasing number of big vehicles swarming the roads as part of a new affluence which is changing the face of a resurgent economy.
Mid-sized cars like the recently launched Ford Fiesta and Honda City ZX are rapidly emerging as the favourite vehicle of a middle class that is no more reluctant to spend. As Indian auto majors shifted gears, retail financiers also stepped in to satiate the growing appetite for four wheelers. Automobile dealers did not fail to take the cue and set up shops in every potential center, even in remote small towns.
India's automobile market has immense growth potential considering the fact that despite the boom in economy, the fruits of which are now reaching the middle class, only eight out of 1000 Indians own a car. Comparable figures for developed western markets are 450/1000.
Indian auto market analysts also point out that the transition of any economy from developing to developed has been historically driven by auto sector growth, examples being the United States in 1940S and Japan's success saga in 60s.
In this fiscal (April, 2005-March , 2006) so far, figures show that vehicle sales in India have risen by 20%, year-on-year.
Czech carmaker Skoda Auto has announced plans to almost double capacity in the country. Skoda would also export cars to neighbouring Banglasdesh, propelling India as a regional hub.
Japan's third largest auto maker Honda sees its sales zooming to 40 lakh units by 2008. Honda expects the growth to primarily come from North America and Asia.
Honda would double annual car production from 50,000 units at present by 2010.
South Korea's Hyundai, the 2nd largest carmaker in India, plans to set up another plant in India. This would boost its capacity by 150,000 vehicles annually, taking its capacity to 4 lakh units.
France's Renault, which has partnered Mahindra & Mahindra to make its Logan Sedan, may also export cars and spare parts from India.
Germany's BMW and Volkswagen are also planning to set up plants in India. The auto boom is here to stay.
Centre working under influence of capitalists: Mayawati
Hitting back at the Centre for blaming the states for price rise, Uttar Pradesh Chief Minister Mayawati on Thursday charged the government with working under the influence of capitalists and threatened a nation- wide campaign if no steps were taken to curb inflation."It is clear that the Centre is working under the influence and pressure of capitalists and if it fails to take effective measures against price hike immediately, my party will be forced to launch a nation-wide agitation," she told a press conference here.
She alleged that the Centre's "faulty" economic, import and export policies and its "tendency to benefit capitalists and big businessman" resulted in skyrocketing prices.
Mayawati said the Centre failed to take timely action to control prices of foodgrains, pulses and sugar and alleged that by making irresponsible statements, central ministers encouraged hoarders and blackmarketeers.
"A statement given by Union Agriculture Minister that sugar prices will rise further gave hoarders and blackmarketeers a chance to increase the rates," she said.
She alleged that just before Lok Sabha polls, petrol and diesel prices were slashed for political gains.
"After elections were over, the government with a clear intention of benefiting capitalists, effected a hefty hike in petrol and diesel prices resulting in price hike," she alleged.
"The Centre should have imposed a ban on export of rice, keeping in mind the requirement of wheat in the country. But it allowed large-scale exports resulting in inflation," Mayawati alleged.
She said rather than blaming the states, the Centre should change its policies.
"Instead of framing capitalist-oriented policies, the Centre should frame policies keeping in mind the common people," she said.
"Kendra ka haath poonjipati ke saath hai, aam aadmi ke saath nahi (Centre's backs capitalists and not the common people)," she alleged.
Mayawati said measures taken by the Centre to introduce additional stock of foodgrains and exempt sugar from duty was a "delayed and ineffective" decision.
"Releasing additional stock and exempting sugar from duty will not give relief to the people," she said.
Mayawati said the Centre was now mulling increasing petrol and diesel prices. "It is crystal clear that such decisions are being taken under the influence of capitalists," she alleged.
She said her government was making all efforts to provide relief to the people from price hike.
"District magistrates have been asked to act against hoarders and blackmarketeers under Essential Commodities Act," she added.
Too early to end stimulus: ADB
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Reuters
Posted: Jan 14, 2010 at 0948 hrs ISTHaruhiko Kuroda said on Thursday that policymakers still needed to restore demand and stabilise financial systems to support the economic recovery.
China's surprise move on Tuesday to raise bank reserve requirements was "quite appropriate" even if there were no big asset price risk in the world's third-biggest economy.
"While we believe developing Asia is leading the global economic recovery, it is still too early to relax vigorous efforts to restore demand and stabilise financial systems," Kuroda told a forum on the crisis.
He said the rebound in the world economy was fragile.
Asia is leading the recovery but growth is unlikely to lead to runaway inflation, Kuroda said.
"The timing of exit from policy stimulus needs to be tailored to countries' individual situations, taking into account inflation risks where output gaps are turning positive, as well as debt levels," Kuroda later told reporters.
Asian countries must boost internal demand to return to high growth rates and reduce poverty, with external demand likely to remain sluggish as advanced economies tread carefully back to pre-crisis growth levels, he said.
The ADB estimates developing Asia will grow 6.6 per cent this year after a 4.5 per cent expansion in 2009, with China charging ahead with 8.9 per cent growth this year.
China rocked world financial markets with an increase in the amount that banks must set aside as reserves that was earlier than markets had expected. The move was likely prompted by concerns over a surge in inflation surge.
"Inflationary pressures have not been so much prominent in the Chinese economy at this moment. But in some cities, the real estate prices have risen sharply over the last several months and so the move by the Chinese central bank appeared to be quite appropriate," Kuroda said, adding the move was not expected to undermine the V-shaped recovery.
"The monetary authorities have already adjusted slightly to a less expansionary monetary stance quite appropriately, and also the bank credit has been well supervised."
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'84 riots: CBI chargesheets Sajjan Kumar in two cases
Govt allows duty free sugar imports till Dec end
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Hottest bikes at Expo 2010
The seven-day Delhi Auto Expo had over 2 million enthusiasts passing through its doors to catch the buzz surrounding some of the most advanced cars and bikes showcased by global majors. Check out some of the hottest bikes which were showcased at the expo this year.
TVS Jive
A model poses on top of a TVS Jive motorcycle, left, at the 10th Auto Expo in New Delhi, Jan. 6.
The world's cheapest car, Tata Nano, made a two-hour stop over near Chicago before heading off to Detroit, where it would be on display for the US audience for the first time this week.
http://autos.in.msn.com/autonews/
Denso India piggybacks on auto boom
THE counter of auto ancillary Denso India ruled firm on the bourses on Thursday in an otherwise volatile market.
Increased growth outlook by analysts has infused an element of optimism at the counter.
Brokers maintain that the stock is quoting at a discount to a broad range of auto ancillaries. Strong fundamentals apart, Denso is expected to be the key beneficiary of widening footprint of Japanese auto manufacturers in India.
The company is also expected to gain market share and derive accelerated growth on the back of growing sales of its leading clients such as Maruti and Hero Honda. The latter provide 65-70 per cent of Denso's turnover.
Long-term growth oppurtunities are expected to be provided via the aggressive expansion plans of manufacturers Toyota Kirloskar, Honda Motorcycles, Suzuki etc.
Denso India specialises in auto electricals providing alternators and starter motors for three-wheelers and CDI and magneto for two-wheelers.
The stock ended at Rs 73.15, up 6.55 per cent, with around 82,443 shares traded on the BSE.
Order book to its defence
The counter of Avantal Softech may have ended in negative territory in line with the broad market trend, but analysts are optimistic over its future growth.
It is said to have a strong order book and has also recently bid for further orders from the defence in competition with BEL.
The company, which has built its core competency in the communication field, is also reportedly in talks with Nokia to supply tailor made software to strengthen its signals.
The stock ended at Rs 40.50(BSE).
On profit hopes
Touted as an inexpensive stock that offers a dividend yield of 5 per cent, the counter of Colgate Palmolive is back on the market radar after a sluggish spell.
According to analysts tracking the company, the sharp rebound in the oral care segment, containment of low priced competition, efficiency gains in operations and declines in ad-spend have led to a sharp improvement in profitability for the company.
The stock ended the day relatively firm at Rs 179.55(BSE) and Rs 180.75(NSE).
Deeptha Rajkumar
Is Osama Bin Laden dead or alive?
| By Mike Rudin The Conspiracy Files |
Osama Bin Laden died eight years ago during the battle for Tora Bora in Afghanistan, either from a US bomb or from a serious kidney disease.
Or so the conspiracy theory goes.
The theory that has developed on the web since 9/11 is that US intelligence services are manufacturing the Bin Laden statements to create an evil bogeyman, to justify the so-called war on terror in Afghanistan, Iraq and back at home.
So is the world's most wanted man still alive?
For a decade, Osama bin Laden has managed to evade the world's superpower and the biggest manhunt in history.
Bruce Riedel, who chaired President Barack Obama's Afghanistan/Pakistan policy review, and who has seen the intelligence on Bin Laden, says the trail has not so much gone cold as "frozen over".
"We don't have a clue where he is," he says.
In the absence of any concrete intelligence, Bin Laden has become shrouded in myth and rumour.
'Certainly fake'
Numerous audio and video statements purporting to be from Bin Laden have been released, but their authenticity has been continually questioned.
The veracity of all of the videos is questioned by David Ray Griffin, a former theology professor and member of the 9/11 Truth Movement, which also questions mainstream accounts of the attack on the World Trade Centre.
"None of them can be proven to be authentic," he says. "At least three of them can be shown to be almost certainly fake.
"And if somebody is faking Bin Laden videos, then that leads to the suspicion that all the videos and audio tapes have been faked."
 Experts have examined many different images of Osama Bin Laden |
His first example is a video released by the US Department of Defense in December 2001. In it, Bin Laden confesses to 9/11, yet Mr Griffin points out that al-Qaeda has only rarely admitted responsibility for terrorist attacks.
He also maintains that the Bin Laden figure looks very different to previous footage - fatter, with shorter fingers, and that he is even writing with the wrong hand.
Most of Bin Laden's statements are audio only. Only two that show Bin Laden speaking have been issued since 2001.
Griffin claims both are fakes.
He argues that a video released in October 2004 - just days before the presidential election - lacks the religious rhetoric contained in previous statements.
This video, he says, helped George W Bush secure a second term.
But it is the last video, released in September 2007, that has attracted most attention.
'Western conspiracy'
Mr Griffin calls it "Blackbeard: the terrorist tape". Bin Laden's trademark grey beard has been replaced with a neat, jet-black beard, and there are a number of frames in the video, where Bin Laden carries on speaking but the picture of him freezes.
One former CIA agent also questions its authenticity. Robert Baer dismisses the suggestion of a conspiracy by Western intelligence but thinks that al-Qaeda may have faked the video.
"[al-Qaeda has] an interest in manipulating it to look like current tapes," he says. "You can digitally manipulate voice to say anything. You can change months, years, you can tape vowels and syllables and put it into a recording and change it."
 |  I think those conspiracy theories that he is dead are pretty much laughable Art Keller, former CIA agent |
Andy Laws, a former military imaging analyst for the RAF, was asked by the BBC to forensically test an undisputed Bin Laden tape from 1998 against the 2001 so-called "confession tape" and the 2007 "blackbeard tape".
He says the fact that Bin Laden appears fatter in the 2001 tape is down to the editing process, when subtitles were added and the image was squashed. His conclusion is that all the videos are of the same person - Bin Laden.
Furthermore, Mr Laws says it is not realistic to think that the US military would fake such tapes.
"Technologically in this day and age, those kinds of things can be done, but not quietly," he says.
| | If you stop the war, then that is fine. If you choose not to stop the war, then we have no other option but to continue the war of attrition against you on all possible axes Audio statement attributed to Osama Bin Laden, 13 September 09  |
"There would be a number of people involved and word of it would have spread by now."
Bin Laden has issued around 40 statements since 9/11, and many include clear contemporaneous date references. Two recent statements released last year mentioned US President Barack Obama.
Mike Scheuer, the former CIA officer who set up and ran the agency's Bin Laden unit, thinks Bin Laden is still alive.
'Difficult reality'
"Whenever he speaks on audio tape, he always says something in there that's fairly current. Also, the US National Security Agency (NSA) and UK Government Communication Headquarters (GCHQ) are very good at voice prints," he says.
Mr Scheuer concludes that if it was not Bin Laden's voice, these organisations would make sure governments were well aware that the tapes were fakes.
Another former CIA agent, Art Keller, is more damning:
"I think those conspiracy theories that he is dead are pretty much laughable," he says.
"It's easier to explain things away with a conspiracy than to face up to the difficult reality.
"In this case, the difficult reality is that we're trying to operate in possibly the worst area in the world and track someone who's very crafty and elusive and putting considerable effort to stay off our radar."
Watch The Conspiracy Files: Osama Bin Laden - Dead or Alive. BBC Two 2130 GMT Sunday 10 January and then on BBC iPlayer.
Who are the Taliban?History of movement in Afghanistan and Pakistan
Obama: 'I do not make this decision lightly'
Taliban commander warns US
Evolving threatGordon Corera assesses how al-Qaeda has regrouped
| Day of terror Osama Bin Laden Al-Qaeda origins Al-Q'da suspects |
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World Premiers and more at the Auto Expo 2010Toyota and Honda sent shock waves through the automotive world by choosing to unveil their new small car concepts in India – at the 10th Auto Expo, New Delhi. The signal is clear – India is going to be where the next big automotive battle is fought (after China, of course). The big difference is that the car majors are now conceptualizing, developing and putting into production cars that emerging markets like India desperately needs. The era of adapting cars meant for developed market is gone – the needs of the prospective customer are now looked into and that includes an attractive price tag. Frugal engineering does not necessarily mean big compromises in the quality and safety front. Let us take a good look at some of the world premiers at the Auto Expo and some other significant launches.
GM sees 42% sales rise next yearExpects volumes to rise with new small car Beat.
SAIC pays $500 MN for GM India stakeJoint venture to now invest Rs 3,000 crore in India for manufacture and export.
Ford, Geely agree on Volvo, to complete sale by JuneFord Motor Co agreed with China's Zhejiang Geely Holding Group Co on most terms about a sale of its Volvo Car Corp unit and the automakers aim to complete the transaction in the second quarter.
'We'll fill the void in car service industry soon'Carnation Auto has launched its first multi-brand auto solutions hub in Bangalore. Its founder Jagdish Khattar, the former big boss of Maruti Udyog, spoke to Ashish Saraf on the present void in car servicing industry and how he intends to fill it up.
Nissan to export components worth $20 million from IndiaNissan Motor India Private Limited (NMIPL), a 100 per cent subsidiary of Nissan Motor, Japan is all set to launch its compact car Micra in May 2010 . It plans to line up nine models in India by 2012 starting with its sports car C702 to be launched here come January. In a candid chat with Sohini Das, Kiminobu Tokuyama, managing director and chief executive officer of NMIPL talks about the company's plans to develop India as a global manufacturing and sourcing hub.
In conversation with Dr. DuernholzDr. Manfred Duernholz, Joint MD of Bosch Limited tells us that India could be sitting on a heap of opportunities in terms of low cost diesel technology
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Hottest bikes at Expo 2010The seven-day Delhi Auto Expo had over 2 million enthusiasts passing through its doors to catch the buzz surrounding some of the most advanced cars and bikes showcased by global majors. Check out some of the hottest bikes which were showcased at the expo this year.
Ten machines you shouldn't miss at the 10th Auto ExpoHere's a list of the show's snazziest and sleekest as you breeze through the event.
The 10th Dubai International Motor ShowDubai International Motor Show 2009 has once again attracted supercars, concepts and hybrids from the world most renowned automotive manufacturers.
For those who love the Mercedes-BenzMercedes-Benz produces some of the finest vehicles in the world. Accordingly, the models surrounding these vehicles should also be the best in their field.
Audi angels: Hot girls with cool carsAttractive, sophisticated and technically perfect, these are the names that anyone would attribute to these stylishly designed cars. The success of Audi AG stems from creativity, commitment and enthusiasm. Take a tour of our gallery to view some of the most exotic Audi models.
Bikes and babes from various world exposA classic compilation of motorbikes from various world expos, prepared specially for our die-hard bike enthusiasts. A true feast for your eyes
Car expos and babes - Across the years...Explore our extensive car photo gallery which brings to you the top brand cars launched across the world. An exotic collection of your dream cars from some of the best car expos in the world.
A HAPPY PONGAL AND SANKRANTI
Our office will remain closed today and there will be no issue of BUSINESS LINE dated 15th January 2010. — MANAGING DIRECTOR
| Centre extends duty-free white sugar imports till Dec Dispenses with actual user condition for processing of raws. In a desperate effort to rein in spiralling prices, the Centre has allowed duty-free import of white sugar without any quantitative cap up to December ... GTL Infra to buy Aircel tower biz |
| | |
 | TODAY'S PICK (Latest Audio: English/Tamil) Bartronics (Rs 166.1): Buy We recommend a buy in Bartronics India from a short-term perspective. It is apparent from the charts of the stock that following medium-term corrective downtrend from July 2009 high to October 2009 low (from Rs 193 to Rs 130), the stock ... |
Citi offloads blue chips worth Rs 484 cr
Credit Suisse picks up all the stocks. Citigroup today sold stocks of 35 leading Indian companies worth Rs 483.94 crore through its Mauritius arm, according to block deal data available with the Bombay ...
Bank credit soars by Rs 79,514 cr
Bank credit has seen a significant pick-up in the fortnight ended ...
Auto, oil sectors anxious as clean fuel deadline nears
Refiners seek higher retail prices for Bharat Stage III, IV fuels. From April 1, people fuelling their cars or buying a new one will be in for a double whammy. This, incidentally, is the day when India goes in for cleaner petrol ...
Banks need to look at other sources of income: SBI official
Credit growth target lowered due to slowdown. Banks will need to tap other sources of income such as advisory services, trade finance, structured finance, cash management and treasury operations to maintain and grow their profitability. This is ...
Infosys results power IT stocks to new highs
Investors expect similar showing by peers. Even as the Sensex ended the day only marginally up by 0.5 per cent, all 13 stocks in the IT index advanced ...
Bharti sets up global biz unit with Kohli as head
Comprehensive plans soon to cover emerging markets: Sunil Mittal. A day after Bharti Airtel announced a deal to acquire majority stake in Bangladesh-based Warid Telecom, it has made organisational changes to enhance its focus on expanding ...
Pranab seeks to rope in States to rein in prices
Wants States to lift allotted grain and strengthen PDS. The Finance Minister, Mr Pranab Mukherjee, today sought cooperation of State Governments' in tackling food price rise in the country. High food inflation was matter of concern and ...
US shrimp body dubs Indian seafood 'sub-standard'
Exporters refute allegations, point to higher shipments to EU. The Southern Shrimp Alliance, an association of eight southern US States engaged in warm water shrimp fishery, has alleged that the Indian seafood exports are sub-standard and sought ...
Eager sky watchers awaiting the longest annular solar eclipse of this millennium on Friday are likely to be greeted by partly cloudy sky and ...
http://www.thehindubusinessline.com/
INDUSTRY & ECONOMY
ECONOMY: Core sector growth dips to 1.8% in July
Drop in output of crude, refined petro-products weighs down index. New Delhi, Aug. 26 After logging a healthy 6.8 per cent growth in the previous month, the official index of six core infrastructure industries registered a tepid year-on-year ...
REAL ESTATE & CONSTRUCTION: Building on cricket
Karnataka comes up with its own KPL tournament, and realtors have bagged most of the teams.. Bijapur Bulls vs Bangalore Urban. Davangere Diamonds take on Belgaum Panthers. Stumped? Well, for the uninitiated, these are teams from ...
HCV/LCV/TRACTORS: Tractor makers confident of growth despite drought
See increased activity in non-farm applications. The Indian tractor industry expects to register marginal growth this fiscal despite the second half being impacted by the drought and its impact on the agricultural sector. This optimism stems ...
STANDARDS & BENCHMARKS: Bharat Stage-IV norms to be operational from April 1
Hyderabad, Aug. 26 All automotive manufacturers will have to conform to Bharat Stage-IV norms beginning April 1, 2010 for vehicles sold in all the four metros plus Hyderabad and eight other select cities in the ...
EXPORTS & IMPORTS: Relief measures likely for exporters in Foreign Trade Policy
New Delhi, Aug. 26 Even as the Commerce Ministry is set to unveil its medium-term Foreign Trade Policy (FTP) for 2009-14 here on Thursday in the face of gloomy global trade situation, the policy would have more to do with overcoming ...
EVENTS: Diabetes public awareness expo
A mega diabetes public awareness programme called 'Diabetes 2009' is being organised here during December 18-20 by the Dr Mohan's Diabetes Specialities Centre. Dr V. Mohan, Chairman and Chief Diabetologist at the centre, said ...
TAXATION: AP to offer VAT rebate for new industries
The State Investment promotion Board (SIB) today decided to offer 50 per cent reimbursement of value added tax (VAT) for five years for new projects, in addition to the incentives available as per the State Industrial Investment ...
NON-CONVENTIONAL ENERGY: More people turn to the sun for energy needs
Waste-energy recycling also gaining ground. Washington, Aug. 26 For a world grappling with concerns over climate change and rising carbon footprint, the sun is increasingly providing some solace and clean ...
NATURAL CALAMITIES: Crisis management plan on anvil: Kerala Minister
Draft to be put on public domain. Thiruvananthapuram, Aug. 26 The State Government is drawing up a crisis management plan to prepare itself to handle the impact of disasters, both natural ...
REAL ESTATE & CONSTRUCTION: Aurigo Software offers construction tool to Karnataka
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ECONOMIC OFFENCES: High-level corruption should be pursued aggressively, says PM
New Delhi, Aug. 26 The Prime Minister, Dr Manmohan Singh, on Wednesday asked the anti-corruption agencies to go after the "big fish" and not just focus on ...
ENVIRONMENT: Green ride
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COURTS/LEGAL ISSUES: First of its kind
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TOURISM: Small is successful
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FOREIGN TRADE: 'India share in global trade to go up to 3%'
Kolkata, Aug. 26 India will try to step up its share in global trade from the current 1.5 per cent to three per cent by 2015, according to Mr Subodh Kant Sahai, Union Minister for Food ...
PHARMACEUTICALS: Cipla urges Govt to allow retail sale of anti-flu drugs
Mumbai, Aug 26 "We are adults and should be treated as adults," says Cipla Chairman and Managing Director, Dr Y. K. Hamied, responding to queries on the Centre's decision to not allow retail sales of anti-flu drugs ...
STANDARDS & BENCHMARKS: Platts launches oil price benchmarks for Indian products
New Delhi, Aug. 26 Platts, a global energy and metals information provider and a division of The McGraw-Hill Companies, has introduced a series of oil price benchmarks for the Indian oil ...
SCIENCE & TECHNOLOGY: PM inaugurates IIST campus
Hosted on a tele-link from New Delhi, the Prime Minister, Dr Manmohan Singh, inaugurated the new campus of the Indian Institute of Space Science and Technology (IIST) at Valiamala near here on Tuesday ...
BIO-TECH & GENETICS: TN to encourage bio-tech units
Chennai,Aug. 26 TICEL Bio Park started work on the Rs 120-crore second phase expansion of the biotechnology laboratory infrastructure facility ...
POWER: Govt signs pact with World Bank for three projects
New Delhi, Aug. 26 The Government has signed agreements with World Bank for three projects here on Wednesday. The three projects are 'Chiller energy efficiency project', 'National agricultural innovation project ...
NEWSPAPERS & PUBLISHING: EKL to bring out 50th issue
Executive Knowledge Lines (EKL), a monthly publishing initiative from a group of professionals, is bringing out its 50th issue at a function here to be held on Thursday. Dr G. Madhavan Nair, Chairman, ISRO, will launch the issue in the presence ...
HEALTH: CII campaign on swine flu
CII, Eastern Region, is organising awareness programmes on swine flu for corporates and institutions. The initiative started here on Wednesday with an interactive session at Apeejay School and more than 200 students and teachers of the ...
http://www.thehindubusinessline.com/businessline/2009/08/27/03hdline.htm
India Outlook 2010
| |
(Nipun Mehta is Executive Director & Head, Societe Generale Private Banking India. The views expressed in this column are his own and do not represent those of his organisation.)
By Nipun Mehta
After an FII infusion of close to US$ 17 bn, an all time high, a GDP growth almost back on stream after an uncertain 2008, a significant opportunity to arbitrage through dollar carry trades, Indian capital markets had to rise the way they did in 2009. However, given the current valuations and the gradual turnaround in developed economies can this trend continue through 2010?
For a start, the domestic economic outlook does look positive and set to replicate a close-to-2009 kind of GDP growth. Importantly, for that sustainable growth, the Services sector will have to be a major contributor. It's been different industries which have contributed to growth in different years. Auto and IT did so in 2009, this could be very different in 2010. One can expect IT, cement and steel to see good growth. Besides, banking and infrastructure will continue to be among the performing sectors.
Corporate earnings estimates in India for 2010 have clearly been revised upwards. In the last 4 – 6 quarters, there hasn't been too much topline growth and margins have improved through operational efficiencies and lower input costs. The question that has not yet been answered is, is there enough visibility for the same kind of earnings growth for 2011 and beyond?
Well, we haven't seen too much of capex in the last 2 years to provide a visibility for topline growth, the expected credit growth hasn't happened despite low interest rates, and input costs are fast rising, so where will higher earnings come from in the next 2 years? Rising domestic consumption demand appears to be the only possibility.
Emerging markets, traditionally more cyclical, have experienced a strong rebound in 2009, also leading to valuations closer to their long-term average. At around 16, the expected price/earnings multiple for 2010 for India is higher than that of Korea, China and equal to Taiwan.
Could this be a big deterrent to FII flows into India in 2010? To some extent, yes. The US Dollar strengthening, or interest rates in mature economies rising, can reverse/ slow down the dollar carry trade gradually during 2010. As valuations stretch, one can expect continuing, but slower, more cautious dollar flows into India and the Emerging Markets.
Take a look at the other concerns. We all know the impact a truant monsoon has had on consumer prices, that could be an uncertainty for 2010 as well. The ballooning fiscal deficit is another one. Will disinvestment bring it under control? Not entirely. Higher inflation will lead to gradual increase in interest rates if signs indicate demand led inflationary pressures. Currently it's largely a lack-of-supply oriented inflation, not easily correctable in the short term. Continued...
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Changing mkt for IPOs
Even though the Sensex has crawled up, the market for new issues is yet to recover. Full Article
India outlook 2010
The economic outlook does look positive and set to replicate a close-to-2009 kind of GDP growth. Full Article
The dollar dilemma
The question is whether the rally commenced in 2009 is sustainable going ahead. Full Article
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