Group 23: Shikha singh
Shampy taneja
It is a first ever deal between any two companies belong to India and China. Reliance power has signed a deal of amount $8.3 with shanghai electric(SEC) for supply of 36 coal-fired thermal power generation units, spare parts and related services over a 10 year period. Mr. Anil Dhirubhai Ambani, Chairman, and Reliance ADAG, said: "This is the largest order for power equipment in the world. With this Reliance Power will be able to offer high quality, competitively priced and environment friendly power to consumers.". the project is financed by bank of china, china development bank, the export-import bank of china and industrial and commercial bank of china.
Sec is also planning to open up a research and development centre for those who are working in a manufacturing unit in India.
Buggati has launched its veyron costs 16 crore for to target growing ultra rich Indian.
It can only be possible in India where world’s most cheapest and the most expensive care being sold on the same soil. Veyron is world’s fastest and expensive street-legal super car. It has a speed of 407 kmph. Its is surly going to give hard fight to current most expensive car of India that rolls- Royce-phantom, Bentley, mercedes-benz. The market share for luxury car is 350 units a year which is growing at 25%.buggati head of tradition say” that India is a healthy growing economy and people are getting richer” the veyron will be distributed at exclusive motors in India. They have not provided the information that how many bugatti veyron has been booked so far in India. Veyron uses, titanium, carbon fiber and aircraft grade aluminum to keep weight low. It can do 0 to 100 kmph in 2.7 seconds.
Hyundai Motors, the Korean car maker is facing tough competition at the Indian domain with players like Volkswagen, Nissan and Ford heavily and outrageously pumping products into the small car segment. Hyundai the largest exporter from India in reply has made his mind to enter the nascent SUV market in India with the Santa Fe premium SUV. The small car market is already flooded with the Korean effect and the transformational shift is more of a calculated move rather the threat of being extinct. The launch of the big vehicle couldn’t have been better at a ceremony in the middle of Rajasthan's Thar desert, some 150 km from Jodhpur, a perfect SUV experience. Imported as completely-built-units from Korea, the Santa Fe (Rs 21-23 lakh) targets the rapidly growing SUV segment in India. The SUV market is witnessing a higher growth than the overall car industry at 70-80 per cent annual growth. Currently, the Toyota Fortuner and the Ford Endeavour are the bestsellers. But, only time could be the best judge of the returns calculated by Hyundai in a market which is flooded with price sensitive customers.
Colgate-Palmolive has recorded a 12 per cent increase in net profit at Rs 100.3 crore for the second quarter. Net sales jumped by 13 per cent at Rs 551.8 crore. In the toothbrush category, the company recorded a volume growth of 24 per cent over the same quarter of the previous year. Volume market share in the toothbrush category increased from 38.9 per cent (January-September 2009) to 40.5 per cert (January-September 2010). The volume market share in the toothpowder category was marginally lower at 48.0 per cent. n September and October, Colgate celebrated the “Oral Health Month” (OHM), an annual initiative organised in association with the Indian Dental Association. The OHM is earmarked for a wide range of activities designed to spread oral health awareness and good oral hygiene practices. This year over 30 mobile dental vans will be deployed in more than 20 cities, making free dental check up facility available to the underprivileged
Food inflation eases to 13.75% 0n cheaper vegetables, pulses
The food price index increased 13.75% in the week ended. Cereals and pulses contributed to the downward trend. Higher food prices have already pushed up monthly inflation to 8.62%. the Primary Articles group index gained 16.62 per cent during the latest reported week against 18.05 per cent during the previous week. The index declined 0.4 per cent as the index for 'Food Articles' group dipped by 0.7 per cent due to lower prices of fruits and vegetables (4 per cent) and bajra, jowar, fish-inland, masur and urad (1 per cent each). However, the prices of poultry chicken, arhar and fish-marine (4 per cent each) and barley (3 per cent) moved up. The index for ‘Non-Food Articles' group was up 0.3 per cent due to higher prices of copra (7 per cent), raw jute (5 per cent), raw rubber (3 per cent) and raw silk (1 per cent).
ECONOMY:
Core sector growth dips to 2.5% in September
The performance of core industries are:
| PRODUCTS | SEP 09 | SEP 10 | |
| Coal | 6.5 | -2.0 | |
| Electricity | 7.4 | 1.3 | |
| Finished Steel | 0.8 | 5.8 | |
| Cement | 6.5 | 5.2 | |
| Crude Oil | -0.5 | 12.5 | |
| Petroleum Refinery Products | 3.4 | -10.2 |
OPINION:
The road ahead for India
India will serve as non-permanent member of un security council for two years from 1 January 2011 after18 years. India mounted vigorous effort to ensure 100% vote as its election was assuredwhen Kazakhstan withdrew its candidate. India served on the council in 1950-51,1967-68,1972-73,1977-78,1984-85 and 1991-92. In 1990-2010,India got one term Pakistan ,Malaysia and Indonesia were elected for two term while Japan got four.
EleconEngg BUYS UK groups in Rs 180-cr deal
EleconElecon Engineering Company Ltd, a material handling equipment, industrial gears and transmission products manufacturer, today announced the acquisition of the UK-based Benzlers-Radicon Group (BR Group) for £21.41 million (about Rs 180 crore). This is Elecon's first acquisition. On Thursday, Elecon's share price on the BSE closed 3.16 per cent down at Rs 94.95. The acquisition will be funded by 20 per cent internal accruals and 80 per cent bank loans. SBI Capital was the merchant banker for the deal, Mr Prayasvin Patel, Chairman and Managing Director, said here. Elecon's market capitalisation as on October 26, was around Rs 905 crore. Its turnover this fiscal is expected to be nearly Rs 1,300 crore while that of BR Group would be Rs 220 crore. Post-acquisition, Elecon expects its exports to grow 15 per cent. For the first two quarters of 2010-11, ended September 30, Elecon's turnover was Rs 526 crore, a growth of 12.44 per cent compared with the corresponding period last fiscal, while its PAT was Rs 27.5 crore, up 42.8 per cent. It currently has an unexecuted order book worth Rs 1,501 crore.
Infosys Consulting to hire 40% more this fiscal
Infosys Consulting, which was one of the main drivers of its parent's last quarter's robust growth, plans to hire 40 per cent more this fiscal, and is looking at acquisition to expand its geographical presence .“The future is very clear to us. Geographic expansion is a key to our future. We want to expand throughout Europe, South America and throughout Asia,” Infosys Consulting Chief Executive Officer and Managing Director, Mr Stephen R. Pratt, told Business Line. Mr. Pratt said as far pricing is concerned, “I think our goal is to provide more business value to the client at a lower cost. It is important to distinguish between the cost of a project and the rates we charge on a project. The largest determiner of the price of a project is where do we the work,” he said. He said if the project is carried out in India, the rates go down but in the US, it is as much as those of the competition. “The reason why we charge at a higher rate is because we want to retain and attract the best people.” Mr Pratt said as a subsidiary, Infosys Consulting has been profitable for four years now, but from a statutory perspective, it has been profitable for a year-and-a-half. “The profitability of a consulting led business transformation project is higher than the Infosys average on a net margin basis. So it is a very profitable business.”
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