News 1st Look: Exports contract first time since 2009

Tuesday, May 1, 2012

Exports contract first time since 2009

Exports contract first time since 2009
Retailers offer discounts as growth slows this year
Homes become more affordable in last 10 years
Vodafone CEO meets FM for tax waiver
Vodafone ups postpaid tariff in Mumbai
'Subway' to open 1000 stores in India
Punjab, Haryana procure over 150L tonnes wheat
Gold climbs to record high of Rs 29,690
India Yamaha Motor sales up 6% in April
Tata Motors sales down 7% in April
Mahindra & Mahindra April sales up 27%
Maruti Suzuki's April sales up 3.4%
Exports grow 21% at $303.7bn
Financial markets closed on Tuesday

Exports contract first time since 2009

Posted: 01 May 2012 06:10 PM PDT

Indian industry is bracing for tough days ahead. Exports contracted for the first time since 2009 due to poor demand from Europe and raised concerns of an industrial slowdown on the back of an only 2% rise in output in the eight core sectors.

Retailers offer discounts as growth slows this year

Posted: 01 May 2012 06:06 PM PDT

Just like an unusual April in Delhi when temperatures remained below 40-degress, retailers are dishing out discounts and special offers to attract buyers in early summer.

Homes become more affordable in last 10 years

Posted: 01 May 2012 05:59 PM PDT

Real estate prices in metros such as Mumbai may be at a record high. But, on an average, homes across the country are more affordable than they were five or even ten years ago.

Vodafone CEO meets FM for tax waiver

Posted: 01 May 2012 05:47 PM PDT

Vodafone CEO Vittorio Colao met finance minister Pranab Mukherjee on Tuesday to make a case of dropping the proposed amendments to the law that will make the telecom giant shell out close to Rs 11,000 crore capital gains tax.

Vodafone ups postpaid tariff in Mumbai

Posted: 01 May 2012 07:55 AM PDT

Vodafone has increased call prices for postpaid customers in the Mumbai telecom zone by about a fifth, a company spokesman said on Tuesday, extending a similar increase imposed last year for prepaid users.

'Subway' to open 1000 stores in India

Posted: 01 May 2012 06:22 AM PDT

Quick service restaurant chain Subway plans to operate 1,000 stores in India by 2015 through franchise route, which will entail an investment of over Rs 300 crore.

Punjab, Haryana procure over 150L tonnes wheat

Posted: 01 May 2012 06:02 AM PDT

With the procurement season in full swing, government agencies in Punjab and Haryana have procured over 150 lakh tonnes of wheat, food and supplies officials said here Tuesday.

Gold climbs to record high of Rs 29,690

Posted: 01 May 2012 03:24 AM PDT

Gold which had gained Rs 700 in last nine days, rose further by Rs 100 to Rs 29,690 per 10 gm, a level never seen before.

India Yamaha Motor sales up 6% in April

Posted: 01 May 2012 02:21 AM PDT

Two-wheeler maker India Yamaha Motor today reported 6% increase in total sales at 36,581 units for April, 2012.

Tata Motors sales down 7% in April

Posted: 01 May 2012 02:10 AM PDT

Automobile major Tata Motors reported a decline of 7 percent in its total sales including exports in April which stood at 60,086 units from 64,383 units sold in the corresponding period of last year.

Mahindra & Mahindra April sales up 27%

Posted: 01 May 2012 02:04 AM PDT

Auto-maker Mahindra & Mahindra today reported 27 % jump in sales at 40,719 units for April, 2012.

Maruti Suzuki's April sales up 3.4%

Posted: 01 May 2012 12:43 AM PDT

Passenger car market leader Maruti Suzuki on Tuesday reported an increase of 3.4 per cent in its total sales in April, including exports, which stood at 100,415 units from 97,155 units sold in the corresponding month of last year.