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Small Traders Concerned about Opening up of FDI in Multi Brand Retail

Small Traders Concerned about Opening up of FDI in Multi Brand Retail

Majority of the industry members have backed the Government’s proposal to initiate foreign investment in multi-brand retail sector.

Anand Sharma, Commerce and Industry Minister expressed that with the opening up of foreign investment in the retail sector; there would be growth in the unorganized retail and it would also give a lift to employment.

He said, “The department has received all inputs on the position paper floated on the issue and an inter-ministerial core group will hold discussions on it soon”.

Harley-Davidson will Open its HOG in India Soon

Harley-Davidson will Open its HOG in India Soon

The leader of bike maker, Harley-Davidson, is planning to launch its Harley Owners Group (HOG) in India soon. The HOG will be a community marketing club for bike users and will be sponsored and run by Harley-Davidson.

The Marketing Director of Harley-Davidson, Mr. Sanjay Tripathi told PTI that the Company is preparing to open HOG in the month of October. He also said that anyone who will purchase the Harley bike will automatically become a part of HOG.

The New Qutub Minar Corridor will Also Cover Gurgaon

The New Qutub Minar Corridor will Also Cover Gurgaon

With the inauguration of Qutub Minar corridor on Friday, it is said that many people living in south Delhi region will be benefitted. The Delhi Metro track will be around 45 kilometres long and will cover the area from south Delhi to Gurgaon.

It is said that it will take only 50 minutes to reach the satellite city Gurgaon from Connaught Place. There will a 12.53-km underground rail track and it will have stoppages at many places of south Delhi, where people eagerly wait for the Metro to reach.

The Reality of DTC yet to Open

The Reality of DTC yet to Open

The common man owning any property was made to face certain discomforts following the proposition of the erstwhile DTC Bill of 2009. But with the Revised Discussion Paper, things had straightened to some extent.

The revision, however, prohibited the deduction for the pre-construction, acquisition period interest. But with the introduction of the Direct tax Code Bill 2010 (DTC), property owners now feel relieved. Now, they will not have to consider any sort of tax for House Property, and also for self occupied house property, there would be a deduction in interest.

The Next Gen to Finally Take up the Throne

The Next Gen to Finally Take up the Throne

The joining of Shravin Bharti Mittal, the son of Sunil Bharti Mittal in a managerial position is being seen as a succession process by many.

Bharti Airtel Ltd. is ready to pay 50,000 Euros a year to the graduate from the University of Bath in the UK who is the first family member to have joined the Company.

The holding Company for Bharti's international operations is Bharti Airtel International Netherlands.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.

Miscellaneous

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.

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