Friday, January 6, 2012

13 years later, Vespa returns to India

13 years later, Vespa returns to India


13 years later, Vespa returns to India

Posted: 06 Jan 2012 04:11 PM PST

The iconic Vespa re-entered the Indian market as parent Piaggio unveiled its range of scooters at the Expo.


For Expo girls, it’s the lure of India

Posted: 06 Jan 2012 04:09 PM PST

For many of the foreign models posing with swanky convertibles and superbikes, the Auto Expo stint goes beyond the 'eye candy' experience. For Dayana Ossulivan, a young model from New Zealand at the Mercedes pavilion, the Expo not only spelt a fat pay cheque but "also an opportunity to visit India".


Superbikes to conquer small towns

Posted: 06 Jan 2012 04:06 PM PST

Like luxury cars, cruiser and sports bikes too seem to be attracting an ever increasing number of buyers in smaller towns and non-metro cities.


Mercedes ups ante for luxury pie

Posted: 06 Jan 2012 04:03 PM PST

Mercedes Benz refuses to be cowed down. Despite stiff competition catching up with the German luxury car brand from compatriots BMW and Audi, the company has chalked out an ambitious plan to gain back lost leadership and crucial market share — two new models every year and nearly Rs 1000 crore in fresh investments , including in production capacity as well as fresh and youthful branding.


Japan companies rethink strategy

Posted: 06 Jan 2012 04:00 PM PST

Japanese automobile companies are rethinking their labour strategy in India to better communicate with a young and often volatile workforce.


Car wars at Auto Expo: attack of the suv's

Posted: 06 Jan 2012 03:57 PM PST

Its a fight for the rough terrain and the battle is between the homegrown automakers and the international giants.


Jaypee executives fined for insider trading

Posted: 06 Jan 2012 03:54 PM PST

Sebi has fined three top officials of Jaiprakash Associates , including executive chairman Manoj Gaur, and their relatives and associates for involvement in insider trading in 2008.


Fuel hike unlikely before polls

Posted: 06 Jan 2012 03:52 PM PST

Politics will prevail over business. In spite of the rupee's slide and flaring crude costs, the government will not raise fuel prices before polls in five key states unless there is an "unusual spike" in international oil prices.


Spotlight on Reliance stocks in volatile trade

Posted: 06 Jan 2012 03:49 PM PST

The sensex reversed its two-session losing streak with a marginal 11-point rise to 15,868, aided by rumours and expectations of reform-related moves by the government, but in the face of strong selling by domestic institutions.


Low-cost housing ‘next big thing’ for Mahindras

Posted: 06 Jan 2012 03:44 PM PST

Low-cost housing is the 'next big thing' for the Group Mahindra because it is 'in sync' with the conglomerate's business philosophy , group MD Anand Mahindra told TOI.


'Fiscal deficit may miss budget estimate'

Posted: 06 Jan 2012 03:40 PM PST

Finance minister Pranab Mukherjee said the fiscal deficit for the current financial may be more than the budget estimate of 4.6% of gross domestic product.


Drought in pension plans may not end

Posted: 06 Jan 2012 03:36 PM PST

The insurance regulator has insisted that investors in pension plans should be given the minimum assured rate of return even if they surrender their policy mid-term . While this is good for investors , companies say it makes designing schemes a challenge and many insurers may choose not to offer pension plans.


Don’t listen to what people say, merely observe what they do

Posted: 06 Jan 2012 03:32 PM PST

Sameer Sain spends half of the year in Singapore and the other half in India. The cofounder and managing partner of private equity (PE) fund Everstone Capital has followed this routine for some time now. Both destinations are equally important for him.


Kingfisher fails to pay Dec service tax

Posted: 06 Jan 2012 08:07 AM PST

Debt-ridden Kingfisher Airlines today failed to pay its service tax dues for December, which could lead to freezing of its bank accounts once again, a senior Finance Ministry official said.


Rupee ends up on debt buying

Posted: 06 Jan 2012 04:48 AM PST

The rupee closed stronger on Friday, ending the week with a 0.7 per cent gain as foreign investors bought local debt, but analysts said the local unit will remain under pressure in the near term.


Inform subscribers on deductions: Trai

Posted: 06 Jan 2012 04:41 AM PST

Trai on Friday asked operators to ensure that subscribers are informed every time an amount is deducted from their account for different services.

Sensex up 11 points on fag-end value buying

Posted: 06 Jan 2012 03:32 AM PST

After highly volatile trade, the Bombay Stock Exchange benchmark sensex ended flat on Friday, up barely 11 points after 3 days of losses.


Gold up by Rs 85 on firm global cues

Posted: 06 Jan 2012 02:01 AM PST

Trading sentiment in gold remained firm in global markets, as the rising euro zone debt crisis and geopolitical tension in the Middle-East boosted the precious metal's demand as a safe haven.


Maruti to launch MPV Ertiga, 3 others

Posted: 05 Jan 2012 11:17 PM PST

India's largest carmaker Maruti Suzuki plans to launch at least four cars in 2012 across different segments to regain market share that dipped below 40% this fiscal.

Rupee gains 25 paise against dollar

Posted: 05 Jan 2012 09:49 PM PST

The rupee gained 22 paise to Rs 52.73 per dollar in early trade on the Interbank Foreign Exchange on Friday on selling of the US currency by some banks and exporters.


Indian demand making Maruti mull a diesel leap

Posted: 05 Jan 2012 04:58 PM PST

The Indian car market's sudden voracious appetite for diesel-powered vehicles has led to Maruti 'pushing' its Japanese parent Suzuki to invest in small diesel engines.

Suzuki, Yamaha go full throttle on two-wheelers

Posted: 05 Jan 2012 04:54 PM PST

The two-wheeler business is heating up in India with Japanese automobile majors Yamaha and Suzuki announcing new launches in the category.

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