Fw: Cygnus Daily Business Update 11 Jan 09

[G.V.Sandeep]

 

 

 

 

 

	CygnusDailyBusiness Updates                                                                                             11 January 2010       Global Economy China tops global auto mkt in 2009, challenges ahead China's auto sales surged past the United States to reach record levels last year on government incentives, and automakers are poised for solid but slower growth in the world's fastest growing major auto market in 2010. After a landmark year in which China zoomed past the United States and Chinese automakers made key acquisitions abroad, Beijing's renewed policy incentives to bolster demand will likely keep it as a bright spot for car manufacturers battered by the financial crisis. The Chinese tally, which also includes heavy vehicles, is still higher than that of the United States after deducting roughly 650,000 units of heavy trucks. China's passenger car sales jumped 52.9 percent to 10.3 million units in 2009, rebounding sharply from single-digit growth a year earlier. Sales in December surged 88.7 percent to 1.1 million units, topping 1 million units for monthly sales for the third time this year. Analysts attributed the boom largely to Beijing's policy initiatives, which had effectively lifted market sentiment and attracted buyers back to showrooms.     Indian Economy SBI chief says interest rates may go up if RBI tightens policy State Bank of India's interest rates is likely to go up in the coming months if the Reserve Bank of India (RBI) tightens its monetary stance. The loan defaults, particularly from the SME segment, may rise over the next two quarters. Reserve Bank is scheduled to review its annual monetary policy later this month, when it is expected to hike Cash Reserve Ratio, the percentage of amount banks have to park with it, to suck out the excess liquidity from the system.   Single FDI document by end-fiscal With a view to simplify foreign direct investment process, the government plans to introduce a single FDI document by end-fiscal and is currently discussing the various modalities. They have put this document for discussions with all stakeholders to invite their comment which is expected to close by January 31. By March 31, they will have single FDI document to ensure simplification, easy comprehension and predictability. This would make the entire process for foreign direct investment more investor friendly. The new format will subsume all 177 press notes. Presently, the document is under the discussion among all stakeholders, which is expected to close by this month-end. The new policy will come in the form of a single consolidated press note, which will not only specify the sectoral caps, but also the way foreign investments will be treated.   Industry News   Auto Comp Setco to invest Rs 100 cr, plans to set up Africa facility Auto component maker Setco Automotive plans to invest Rs 100 crore over the next two years for setting up a new plant for clutch units in Africa and for market development. It will foray into manufacturing of clutch units for Light Commercial Vehicles (LCV) and four-wheeler segments. Setco currently manufactures clutch units -- pressure plates, clutch plates and wheel bearings -- for Medium and Heavy Commercial Vehicles. Among its major clients are original equipment manufacturers like Tata Motors, Ashok Leyland, AMW and Eicher. It has two plants in Halol (Gujarat) and Sitarganj (Uttarakhand) with a combined capacity of 15 lakh units annually.   Automobile Maruti to bring new variants of Alto, WagonR & Swift Maruti Suzuki plans to bring out refreshed variants of its best-selling cars Alto, WagonR and Swift that may be cheaper than the existing models, as it gears up to defend market leadership against global biggies Toyota, Honda and Volkswagen that are planning small car launches in India. The latest move by Maruti, which makes every second car sold in India, is aimed at queering the pitch for new entrants taking aim at the world’s largest market for small cars. The Indian arm of Japanese carmaker Suzuki Motor, known worldwide for its small cars, is going against the industry practice of launching new variants at higher prices. Maruti is refurbishing its entire portfolio as per the international norm of revamping cars every three years. Most of its cars have attained that cycle of change. Moreover, these models have older engines that will be replaced to meet the new emission norms applicable from April.   Banking Time for next generation 'Online Banking' Living in this electronic age dominated by the social media, and this big wave is well complimented & enabled by the social computing websites. The vast majority of the Internet users round the globe socialise on the web and this trend has caught up pretty well. Statistics also indicate that the vast majority of the participating users fall in the age group of 18-34 years. A clear indicator of where the younger generations belong. With younger generation getting exposed to this electronic age early in life, their expectation from the online medium is overwhelming. In the context of this mass movement & trend, there is a definite expectation on one other element that has a direct impact on one’s life –‘Online Banking'. Youth of today, who rule the online world, expects most of the information and transactions to be done online. Right from booking train tickets to cinemas tickets are done online by vast majority. Expectation on ‘Online Banking’ is no different as one expects everything other than ‘cash withdrawal’ to be done online, anytime & anywhere.   Banking facility at every 5 km radius in three years in Guj People of Gujarat would have access to the banking facilities at every 15 km radius area by March 2010 and that distance will be brought down to five km in next three years. At present, there are only 405 villages in 28 blocks in 14 districts which are without bank branch in the radius 15 kms, which is termed as under banked areas.   Education MBA to spread wings in rural areas Boxing is all set to spread its wings in rural Maharashtra and also among the underprivileged class in Mumbai. To encourage the sport, whose popularity is on the rise, at the grass root level the Maharashtra Boxing Association (MBA) has decided to open ten well-equipped boxing centres in municipal schools in Mumbai. MBA has taken boxing to Naxalite infested districts like Gadchiroli and Chandrapur in Maharashtra, places which even government authorities fear to visit.   Tech & management institutes opening new entrepreneur help centres & allocating more funds About eight to ten students from IIM-A have decided not to wait for campus placements this year. They plan to strike it out on their own with help from the incubation facility at their institute. At a time when starting a business venture is a difficult proposition, incubation centres are increasingly playing a key role in hand-holding many startups. Entrepreneur incubation centres at India’s top technology and management institutes are expanding and increasing their early stage technology funds. The number of incubators, which was just 10 in 2000, has increased to over 30 today. About 495 ventures have successfully graduated from the incubation stage, of which about 387 continue to remain in business. These ventures have created about 10,709 jobs and the recent year’s revenue is about Rs 371 crore. A survey was recently conducted by the Indian and Business Incubators’ Association to assess the current status of incubation and maturity of incubation processes among the Department of Science and Technology (DST) funded incubators in the country. They have found that 28 were operational and 11 were in the formation stage. At management institutes such as IIM-Bangalore, four new companies have joined its Nadathur S Raghavan Centre for Entrepreneurial Learning (NSRCEL), which has a corpus of Rs 8 crore, taking the number of its incubatees to 31.   FMCG GSK, Nestle, Coca-Cola & Dabur top up effort to tap rural consumers Consumer product makers such as GlaxoSmithKline, Nestle, Coca-Cola, PepsiCo, Hindustan Unilever, Marico, Godrej and Dabur are rushing to the bottom-of-the-pyramid market with custom-made products. Consumers with incomes less than $2 a day can be a profitable segment for marketers. Estimated at close to 350 million, the bottom-of-pyramid (BOP) consumer segment is the biggest and perhaps the fastest growing in the country with about 40 million families making the jump from poverty to the BOP club every year. Marketers are no longer only betting on smaller packs of existing products to tap the fortune at the bottom of the pyramid; they are also looking to roll out products specially made for the poor. GlaxoSmithKline Consumer Healthcare (GSKCH), foods company Nestle and beverage maker Coca-Cola have already entered the market with products created for BOP consumers, while PepsiCo is set to follow suit. Others such as Hindustan Unilever, Marico, Godrej Consumer Products and Dabur too are learnt to be working on products for the BOP segment. Coca-Cola’s Vitigo  a fortified beverage in 18-gm sachets at Rs 2.50 each  is again a first for the beverage maker. Buoyed by the success of the pilot project for Vitingo in Sambalpur, Orissa last year, the project is now being scaled up to 30 districts of Orissa. The company has tied up with NGO and micro finance institution BISWA in Orissa for the same.   Health Care QVT considers filing winding up petitions against Wockhardt US-based investor fund QVT Advisers is understood to be considering filing winding up petitions in the US, the UK and other countries against the Wockhardt group following the default in redemption of FCCB payments by the Indian firm. Wockhardt, which has a debt of over Rs 3,700 crore, had undertaken a corporate debt restructuring programme last year. Under the CDR programme, Wockhardt had offered to settle repayment of $110-million foreign currency convertible bonds (FCCB), issued by it in 2004, at a discount.   Textiles Raymond to open 200 stores in next 18 months Apparel major Raymond plans to open over 200 stores across the country in the next one and half years to grow its business.  They have opened 100 stores in the last three months and plans to open 200 plus stores in the next 18 months. The Mumbai-based Raymond is the world's third-largest maker of worsted fabric, used in making men's suits, has at present, about 600 outlets across the country. The company is planning to develop 18 acre surplus land to develop affordable residential property in Thane Maharashtra in the first phase. Raymond's Thane unit covers an area of 160 acres, which also has a school and a hospital in it. Since most textile mills in Mumbai have shifted operations to the hinterland of Maharashtra or Gujarat, the land thus freed is being used by real estate developers for building residential and commercial complexes.

 

 

                        For more details, Please Contact:

                        Cygnus Business Consulting and Research Pvt Ltd.,

                                Plot No: 8-3-948/949, Ist floor, Solitaire Plaza, Behind Image Hospital,

                         Ameerpet, Hyderabad - 500 073

                         Telephone Nos: 040-23430203-05

                         Fax: 040-23430201

[sindhu....@gmail.com]

Hello every one we will give number of opertunites to students.we can send the students in to the popular MNC companies and also We are sending the people to abroad for higher education in ameerpet. For more details click below link.
http://hostelsinameerpet.com/consultancies-in-ameerpet/