TATA Motors-owned Jaguar halts production at Bromwich factory January 20, 2009
Posted by dhirendra1972 in Auto Industry News, Auto News, Business, Finance, Insurance, Marketing Talk, Motors News, Online Marketing, Stock Market Talk, Tata Motors.Tags: Auto News, Tata, Tata Motors, Tata Motors News
add a comment
Good evening friends
World recession is showing its teeth to India. Auto giant of India Tata Motors is facing reducing demand and for that they are closing down the plant again. Read the news I read at yahoo site.
Beleaguered car maker Jaguar has closed its Castle Bromwich plant, which employs 3,500 staff, for a fortnight just one week after the plant reopened following an extended Christmas shutdown.
Owned by India’s Tata Motors, the Telegraph quoted the company as saying that the closure was in response to the dramatic slump in demand for new cars and to prepare for construction of new models unveiled at the Detroit motor show last week.
Last week, Jaguar Land Rover axed 450 white-collar jobs, including 300 managers, in order to “help address the immediate challenges posed by the credit crunch”.
The company, which employs 15,000 staff in the UK, said remaining managers would not receive bonuses in 2009 or a pay rise until October at the earliest.
The company has appealed for Government help in easing liquidity issues, but an agreement is yet to be struck.
The Society of Motor Manufacturers and Traders has called for “swift action” from the Government to support the industry after reporting that new car sales fell by over 20 percent in December because of a lack of credit and confidence among consumers. (ANI)
Indian stock markets remain closed today November 27, 2008
Posted by dhirendra1972 in Asian Markets, Bombay Stock Exchange, BSE, Bse news, Business, Capital Market, Finance, financial market, indian stockmarket, Insurance, Marketing Talk, NSE News, Online Marketing, Stock Market, Stock Market Talk.Tags: BSE, Financial Capital, Indian Stock, Indian Stock Market, Mumbai, NSE
add a comment
Indian government has decided to keep the Mumbai Stock Exchange (MSE) closed today (Thursday) due to the horrific night that saw the most deadly terror strike in Mumbai, the financial capital of India, which left over 100 people killed and 900 injured.
Trading on India’s Bombay Stock Exchange and National Stock Exchange markets will remain closed on Thursday, a spokesman for India’s capital markets regulator said, after a series of attacks in the financial capital Mumbai.
Government had already announced for the schools and colleges to remain closed as the situation in the city was tensed and sensitive due to terrorists who have been holding innocent people under captive as hostages in two five star hotels in Mumbai and army and commandoes had been called in to take the situation under control.
How much life insurance coverage do I need? November 26, 2008
Posted by dhirendra1972 in Business, Finance, Insurance, Life Insurance, Life quote Center, Marketing Talk, Online Marketing, Stock Market Talk, Term Life Insurance.Tags: Insurance, Life insurnace, Life quote Center, Term Life, Term Life Quote
add a comment
Good Evening friends, I was sitting with my friends and we were talking about life. From life our talk change to life insurance and someone ask how much life insurance coverage I need. Just guessing, but you probably don’t want some complex math here. In case you want some real details, feel free to contact life quote center. You might get some results from a life insurance calculator. But if you give a call to life quote center know that we’re ready to help you with a detailed analysis of your personal circumstances.
If you’d just like to start with some do-it-yourself guidelines to get a ballpark estimate, do the following: Multiply your yearly income by 15. Or, another simple method is to add up the money you make each month and multiply this number by 200. What does this simple math give you? It tells you approximately how much money you may need to replace your monthly or yearly income, dollar for dollar – if you decided to get one of the life insurance types that pay a lump sum of money as a death benefit.
Now that we’ve answered this basic question, it’s much easier to accurately compare life insurance, as well as other forms of protection, such as long term health insurance and living coverage.
Sensex breaches 9K as selling intensifies November 17, 2008
Posted by dhirendra1972 in Business, Finance, Insurance, Marketing Talk, Online Marketing, Stock Market Talk.Tags: BSE Sensex, Indian Stock Market, money market, money talk, Stock Market
add a comment
BSE Sensex is below 9000 again. I don’t know what will happen with the small investors. Market give them hope it’s growing and things looks positive. The benchmark index plunged below the 9K mark in the intraday trade as economic gloom intensified across the world. Japan has been officially declared to be in a recession.
The markets opened positive today on key measures announced by the RBI on Saturday. However, a weak Asian market weighed on the Sensex and it gave up the early gains. Among the Sensex stocks, Rel Infra, HDFC Bank, and Sterlite Ind shed nearly 6 per cent. Banking, realty and metal sectors witnessed the heaviest selling.
RBI on Saturday announced measures to improve money market liquidity and help exporters. The measures include extension of a special repurchase facility to provide liquidity for mutual funds and non-banking finance companies till March 2009, increase in the limit on export credit refinance available to banks, allowing housing finance companies to raise funds through short-term overseas borrowings, reduction in provisioning on standard assets of banks to a uniform level of 0.4%, and reduction in risk weights for banks on commercial real estate and on unrated claims on corporates.
Ref, ndtv, shopblindsonline, premierinns
Singapore’s largest bank to cut 900 jobs November 8, 2008
Posted by dhirendra1972 in Business, Finance, Insurance, Marketing Talk, Online Marketing, Stock Market Talk.Tags: business talk, DBS, money market, singapore, world market
add a comment
Good Morning Friends,
Another job cut but its in Singapore now. Singapore’s largest bank DBS Group has announced, they will cut 900 jobs. The reason is they find their profit is going down towards loss. DBS Group, Singapore’s largest bank, has announced that will cut 900 jobs after it suffered a sharp drop in third quarter profit.
About half of the retrenchments, which amount to six percent of the company’s total staff, will affect its Singapore operations, a report by the Straits Times newspaper said Saturday. The cuts are to be carried out before Christmas.
DBS employs 7,600 staff in Singapore and 4,200 in Hong Kong, which will also be affected by the cuts.
The DBS announcement came after workers in Singapore were laid off by other banks and investment houses like Merrill Lynch, Standard Chartered and UBS.
DBS reported a 38 percent drop in net profit to Singapore $379 million ($254 million) for the quarter that ended Sep 30.
DBS chief executive officer Richard Stanley said the operating environment is increasingly challenging for financial institutions all over the world.
In the first nine months of the year, net profit fell 13 percent year-on-year to $1.67 billion, DBS said in a statement.
Rate cut scares investors about prospects for 2009 November 7, 2008
Posted by dhirendra1972 in Business, Finance, Insurance, Marketing Talk, Online Marketing, Stock Market Talk.Tags: bse talk, investors news, Market News, sensex talk, stock market news, talk on stocks, wall stree talks
add a comment
Shares were hammered yesterday as a sharper than expected interest-rate cut scared investors about just how bleak 2009 could prove to be.
Stocks were also hit by growing concern about the global economy, a string of bad corporate news and fears that the cut of 1.5 points, to 3 per cent, in UK base rate would not be passed on by the stricken banking system.
The FTSE 100, which got off to a bad start after heavy losses in the US and Asia overnight, plunged by 258.32 points, or 5.7 per cent, to 4,272.41.
Mining stocks were, for a second successive day, responsible for most of the loss, because of global growth worries, although there were heavy losses across the board, with only six blue chip stocks ending the session higher.
FM statement lifts Sensex 293 points higher November 4, 2008
Posted by dhirendra1972 in Business, Finance, Insurance, Marketing Talk, Online Marketing, Stock Market Talk.Tags: BSE Sensex, Dow Jones, FM, Indian Market, Indian Stock Market, money market
add a comment
Good Evening Friends, Indian BSE Sensex lifts today just with the statement from FM. It’s really good sign and supportive output for government’s action towards stock market. i read following news at ndtv profit.
Wall Street took a drop in factory orders in stride on Tuesday, holding on to its gains as investors looked forward to putting the uncertainty of the presidential voting behind them.
The Commerce Department said factory orders fell 2.5 percent in September from August levels, much worse than the 0.7 percent drop analysts had predicted. But investors generally expect data from September to be extremely weak, as credit markets began to seize up at mid-month, and analysts say some of the bad news may already be factored into stock prices.
Investors have been anxious this week ahead of the election. Analysts predict stocks are headed for a recovery no matter who is elected, as the policies of both John McCain and Barack Obama will likely be guided by the weak economy and the recent flood of government support designed to keep the global financial system from collapsing.
Still, Wall Street has had a better tone over the past week. Last week saw the Dow Jones industrials rise more than 11 percent, their best weekly gain in 34 years. Although many analysts predict the market will see more volatility as it recovers from devastating selling during much of October, many also believe that the worst of the losses are over.
In midmorning trading, the Dow Jones industrial average rose 163.84 , or 1.76 percent, to 9,483.67.
The broader indexes also rose. The Standard & Poor’s 500 index gained 20.75, or 2.15 percent, to 987.05, while the Nasdaq composite index rose 24.62, or 1.43 percent, to 1,750.95.
Sensex slips below 8000 October 27, 2008
Posted by dhirendra1972 in Business, Finance, Insurance, Marketing Talk, Online Marketing, Stock Market Talk.Tags: BSE, Sensex, Sensex below 8k, Stock Market
add a comment
The Sensex regained 8K levels in late trade on Monday. It recovered nearly 500 points from day’s low. The Nifty also surged above 2400 levels.
The benchmark index had slipped below the 8000 levels on frenzied selling in index pivotals, dragged down by a slump in Asian markets. Shares from metal, consumer durables, FMCG, banking and auto stocks have been hammered brutally.
FIIs have net sold $12.115 billion year-to-date.
JP Associates shedding 17.7 per cent, is the biggest loser among the Sensex stocks. Asian markets are trading deep in the red today. Hong Kong’s Hang Seng closed down 14 per cent.
India – A Highly Growing Telephone Connections Market October 27, 2008
Posted by dhirendra1972 in Business, Cellphone, Finance, Insurance, Marketing Talk, Online Marketing, Stock Market Talk, Telephone News.Tags: broadband subscribers, cell phone, Connection, Mobile connection, Telephone, TRAI, wireless connection, wireline
add a comment
Good Morning Friends,
I was reading news paper and I read TRAI news on new telephone connections during September 2008.
Telecom Regulatory Authority of India (TRAI) said on Friday that a total 9.79 million telephone connections (Wireline and Wireless) have been added during September 2008 as compared to 9.03 million connections added in August 2008.
The total number of telephone connections reaches 353.66 million at the end of September 2008 as compared to 343.87 million in August 2008, said a press release from TRAI. With this growth, the overall tele-density has reached 30.64 per cent at the end of September 2008 as against 29.83 per cent in August 2008.
The total wireless subscribers (GSM, CDMA and WLL(F)) base stood at 315.31 million at the end of September 2008. A total of 10.07 million wireless subscribers have been added during the month of September 2008 as against 9.16 million wireless subscribers added during the month of August 2008.
In the wireline segment, the subscriber base has decreased to 38.35 million in the month of September 2008 as against 38.63 million subscribers in August 2008 registering a drop of 0.30 million.
Total Broadband subscribers base has reached 4.90 million by the end of September 2008 as compared to 4.73 million by the end of August 2008.
ref: guaranteedblinds, premierinns, agentswebworld, Termco,
Sensex opens below 10,000 points October 23, 2008
Posted by dhirendra1972 in Business, Finance, Insurance, Marketing Talk, Online Marketing, Stock Market Talk.Tags: BSE Sensex, Business News, Finance, Sensex, Stock Market
add a comment
Sensex opened below 10,000 marks on Thursday following sharp declines overnight in US and Asian stocks, which tumbled to 5-year-lows, amid heightened worries over a global recession.
National Stock Exchange’s benchmark Nifty tumbled 134 points or 4.39 per cent to 2930.
Bombay Stock Exchange’s 30-share Sensex shed 478 points or 4.71 per cent to 9682from Wednesday’s close.
US stocks plunged on Wednesday as a raft of disappointing corporate earnings from major US companies fueled pessimism about the global economy despite further thawing in credit markets.
The Dow Jones industrial average sank 514.45 points, or 5.69%, to end at 8,519.21, the Standard & Poor’s 500 Index slumped 58.26 points, or 6.10%, to finish at 896.79 and the Nasdaq Composite Index slid 80.93 points, or 4.77%, to close at 1,615.75.
Asian stocks tumbled Thursday, with the Nikkei plunging more than 4%, after another dive on Wall Street. The broader Topix lost 4.83%, Hang Seng lost 4.61% and Straits Times declined 2.93%.
ref: times of india
