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
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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)
Satyam scandal highlights emerging market risks January 8, 2009
Posted by dhirendra1972 in Asian Markets, Business, Capital Market, Finance, financial market, Indian IT Company, Marketing Talk, Online Marketing, Raju, Ramalinga, Ramalinga Raju, satyam computers, Stock Market Talk.Tags: Indian Software Company, IT Company, IT news, Ramalinga Raju, Satyam, satyam computers, Satyam News, Software News
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Good Morning friends, something alarming and shocking for Indian inverters. I am also a small inverter in Indian stock market. My feeling is how is this possible? And if this is possible than we should not trust any one. I know others are not like this and I not mean to raise any finger on others too. But I just try to feel feelings of investors and employee of the company who are looking at the management with high respect and values. I read following news at the economic times.
A vast accounting scandal at Satyam Computer Services may increase investor nervousness about weak corporate governance and oversight in
emerging markets.
Satyam founder and chairman Ramalinga Raju admitted on Wednesday to inflating Satyam’s reported cash and bank balances by over 50 billion rupees ($1 billion), but little is known about how widespread the problem is and things could get worse if other frauds are uncovered.
The scandal, which is being dubbed by some analysts as “India’s Enron” and compared to Bernard Madoff’s alleged $50 billion Ponzi scheme in the United States, comes at a bad time for emerging markets.
Benchmark emerging equities are down 52 per cent since the beginning of 2008 as investors fled risk and hopes of a “decoupling” from a slowdown in developed markets proved mostly unfounded.
“It’s got to shake confidence. And it is compounded in my mind by what I already call the fear complex that exists around all global markets,” said Lesley Hand, a partner in accounting firm KPMG LLP’s forensic practice.
“The thing you don’t know here is how far reaching this is,” Hand said. “I don’t know if it will be long, long-term. But you let another shoe or two drop and I would say it would be way worse.”
PM narrows down on small sector December 9, 2008
Posted by dhirendra1972 in Business, Capital Market, Domestic Brand, Domestic Equity Market, Equity, Equity Market, Finance, Financial Capital, financial market, Indian Business, Online Marketing, Working Capital.Tags: Indian Business, Marketing, money market, small sector, small sector in indian market
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Good Evening friends, PM of Indian Dr. Manmohan Singh is takeing care of small and medium enterprises. I read following news at yahoo site. In a move aimed at further boosting the micro, small and medium enterprises (MSME) sector, Prime Minister Manmohan Singh is understood to have asked a high-level committee headed by the cabinet secretary K M Chandrasekhar to look into the issues plaguing the sector and submit its report within a fortnight.
The move comes a day after the government announced a package to stimulate the economy. The package, however, has failed to enthuse its entrepreneurs. All India Confederation of Small & Micro Industries Association president Sudarshan Sareen said, “The RBI’s Rs 7,000-crore credit refinancing is too less. At least Rs 10,000 crore should be made available for rehabilitation of sick industries and another Rs 10,000 crore for marketing development fund.” A delegation of the association, which met the Prime Minister today, sought adequate support from the government.
MSME secretary Dinesh Rai told The Indian Express that the memorandum submitted to the PM included speedy formation of a special fund for enterprises in the unorganised sector and an enhancement of cash-credit limits/ over draft facilities by at least 15 per cent. Besides seeking extension of time period for reckoning MSE accounts as NPAs from 90 to 180 days.
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
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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
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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
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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
Sensex sheds 696 pts to close below 10k November 11, 2008
Posted by dhirendra1972 in Business, Finance, Marketing Talk, Online Marketing, Stock Market Talk.Tags: BSE Sensex, Indian Stock Market, sotck market
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Markets cut short its two-day gaining-spree with the benchmark Sensex dipping below 10,000 level after losing nearly 700 points on selling pressure triggered by concerns over companies cutting down on output and country’s exports slowing down.
The bellwether index tumbled by 696.47 points at 9,839.69 to end the day. Tuesday’s loss has washed away the most of 800-point gain Sensex recorded in the past two trading days.
The key index had last broken 10,000 level on November 6.
Similarly, the wide-based National Stock Exchange index Nifty dipped below 3,000 points level by losing 209.60 points at 2938.65.
Marketmen said Reliance Industries, the most valuable company, fell after reports that it might miss production deadlines because of a slump in fuel demand.
They said a fall of 15 per cent in country’s exports in October amid lingering global recession concerns also dampened the trading sentiment.
Capital goods index suffered the most by losing 587.55 points at 7530.88 after stocks of BHEL, Larsen and Toubro, Reliance Industrial Infrastgructure and Punj Llyod fell sharply.
Talk on Wood Blinds November 10, 2008
Posted by dhirendra1972 in Business, Finance, Marketing Talk, Online Marketing, Stock Market Talk, window blinds, wood blinds.Tags: talk on blinds, window blinds, wood blinds
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I will be graduating my interior design after 2 months. And one of our practical examination to that is the decorating of a place. We will be graded. Our professor told us that we choose a place what we like to decorate. It must be unique. What I did was I went to some hotels, offices, and house. I choose a house to decorate. I have a friend whose house is beautiful and I told him that if I can decorate it for my practical examination. She agreed. So I thought of a lot things what are the materials that I should be using. I went to a mall and look at some stuff there. That’s where I saw a blind. It was a Wood Blinds. I called one officer in charge and asked about the features of that blinds.
He explained to me that wood blinds are simple, elegant, traditional, and even contemporary. The rich look that only wood window coverings can provide. Luxurious wood blind handcrafted from 100% Grade “A” hardwood. Wooden blinds custom made with kiln dried wood that is durable enough to handle extreme temperatures. Ideal solution for doors, and for windows with a thinner sill. It’s amazing what a touch of wood can do to increase your window’s visual appeal. Best for small windows or French doors. Wood window blinds instantly play up a room’s coziest qualities, while giving windows center-stage status.
I asked the officer how will I know if it will fit to the windows or doors the blinds I will be getting. He thought me how to do the measuring of Wood Blinds. Accurate measurements are essential for properly fitted blinds. Be sure to use a quality steel measuring tape since cloth tapes or wood rulers are not dependable for precise measurements. I should measure all windows, even though they may appear to be identical. It’s important to examine your window or door to identify any handles, screens or locking mechanisms that can create special challenges when installing and operating your blinds.
I will talk more in next post.
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
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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.
