Samsung mobile joined hands with Tata DoCoMo, the GSM brands of Tata teleservices, to launch Android-powered smart phone with in-built Google mobile services. Prices at Rs.28,990,. The launch of Samsung android is a part of our Endeavour to provide subscribers a world class product that lets them experience the vast range of applications of the Android market.
“Applications from the Android market can be downloaded and installed on to this mobile over the air , without the use of a PC thereby opening up an entire new world to the user,” said Samsung India General Manager (Marketing )Asim Warsi.
Thursday, September 24, 2009
Bharti-MTN dual listing linked to full convertibility, says Pranab
Dual listing of Bharti Airtel and MTN of South Africa is linked with the “Full convertibility of the rupee” and this aspect is being looked in to before taking such a step, Union Finance Minister pranab Mukherjee. “Dual listing is linked with the full convertibility. When I met the South Africa minister, I said that we welcome you. In the context of the law of the land, there are legal implications. In the proposed tie-up between Bharti Airtel and MTN, Bharti will acquire 49 per cent share in MTN while the latter will hold 25 per cent in the newly created combine if the deals goes through.
TITLE - Ford Showcases Compact Car Figo
The new vehicle will be launched in the first quarter of next year
U-S- based ford motor company showcased its newly developed small car figo that would be launched early next year. Ford motor company president and CEO Alan Mulally.
Our plan for India involves accelerating development of fuel efficient small cars. The small car market in India will double in the next ten years; and we are focusing on this segment. Ford’s small car platform architecture, sharing underlying technology with the seden Fiesta.
It features a fresh, contemporary shape that would be a distinctive alternative brands in this segment. It starting price could be below Rs.4 lakh.
U-S- based ford motor company showcased its newly developed small car figo that would be launched early next year. Ford motor company president and CEO Alan Mulally.
Our plan for India involves accelerating development of fuel efficient small cars. The small car market in India will double in the next ten years; and we are focusing on this segment. Ford’s small car platform architecture, sharing underlying technology with the seden Fiesta.
It features a fresh, contemporary shape that would be a distinctive alternative brands in this segment. It starting price could be below Rs.4 lakh.
Tuesday, September 22, 2009
Auto cos rev up in advance tax payment
t has been a strong show by the corporate sector on the advance tax front for the September 15 instalment, with total payout increasing by 14.71 per cent to Rs 44,010 crore (Rs 38,367.20 crore).
The banking sector has clearly bucked the slowdown with healthy growth in advance tax payouts, especially the top public sector banks. SBI continues to retain its position as the leading advance taxpayer, ahead of ONGC, which paid Rs 1,796 crore advance tax for September 2009 instalment. SBI’s advance tax payout for September 15 instalment stood at Rs 1,832 crore.
The auto pack has come back strongly in the September 15 instalment. The advance tax payout be the auto sector for the June 15 instalment was flat. For the September 15 instalment, Maruti Suzuki forked out Rs 265 crore (Rs 134 crore). Bajaj Auto paid Rs 170 crore (Rs 90 crore) as advance tax and Hero Honda Rs 137 crore (Rs 128 crore). While Tata Motors’ payout for the September 15 instalment stood at Rs 100 crore (Rs 19 crore), Mahindra & Mahindra paid advance tax of Rs 112 crore (Rs 16 crore).
Among the new entrants, Indian Oil paid Rs 1,100 crore for the September 15 instalment. This oil marketing company did not pay any advance tax for the September 2008 instalment. Its total advance tax payout for 2008-09 was at Rs 150 crore.
While Standard Chartered Bank paid for the September 15 instalment advance tax of Rs 725 crore (Rs 640 crore), NMDC’s payout stood at Rs 600 crore (Rs 800 crore).
The corporate sector’s growth in advance tax payout of 14.71 per cent on a year-on-year basis was lower than the 61.7 per cent recorded increase in September 2008. However, the latest performance was “not bad” given that it came on a higher base of Rs 38,367 crore (September 2008), official sources said.
The advance tax payout of the corporate sector in September 2007 stood at Rs 23,731 crore. The impact of the global financial meltdown was felt only in the second half of 2008-09, that is, post-September, after the collapse of Lehman Brothers in the US.
The Central Board of Direct Taxes (CBDT) is confident of surpassing the budget estimates for 2009-10 going by the current advance tax collection trend. “We are well on course to meet the budget estimate and may even comfortably meet the revised target of Rs 4 lakh crore as advised by the Finance Minister”, sources said.
On the personal income-tax front, advance tax collection up to September 15, 2009 stood at Rs 6,216.70 crore, 7.1 per cent lower than Rs 6,694.80 crore collected in same period last year.
The banking sector has clearly bucked the slowdown with healthy growth in advance tax payouts, especially the top public sector banks. SBI continues to retain its position as the leading advance taxpayer, ahead of ONGC, which paid Rs 1,796 crore advance tax for September 2009 instalment. SBI’s advance tax payout for September 15 instalment stood at Rs 1,832 crore.
The auto pack has come back strongly in the September 15 instalment. The advance tax payout be the auto sector for the June 15 instalment was flat. For the September 15 instalment, Maruti Suzuki forked out Rs 265 crore (Rs 134 crore). Bajaj Auto paid Rs 170 crore (Rs 90 crore) as advance tax and Hero Honda Rs 137 crore (Rs 128 crore). While Tata Motors’ payout for the September 15 instalment stood at Rs 100 crore (Rs 19 crore), Mahindra & Mahindra paid advance tax of Rs 112 crore (Rs 16 crore).
Among the new entrants, Indian Oil paid Rs 1,100 crore for the September 15 instalment. This oil marketing company did not pay any advance tax for the September 2008 instalment. Its total advance tax payout for 2008-09 was at Rs 150 crore.
While Standard Chartered Bank paid for the September 15 instalment advance tax of Rs 725 crore (Rs 640 crore), NMDC’s payout stood at Rs 600 crore (Rs 800 crore).
The corporate sector’s growth in advance tax payout of 14.71 per cent on a year-on-year basis was lower than the 61.7 per cent recorded increase in September 2008. However, the latest performance was “not bad” given that it came on a higher base of Rs 38,367 crore (September 2008), official sources said.
The advance tax payout of the corporate sector in September 2007 stood at Rs 23,731 crore. The impact of the global financial meltdown was felt only in the second half of 2008-09, that is, post-September, after the collapse of Lehman Brothers in the US.
The Central Board of Direct Taxes (CBDT) is confident of surpassing the budget estimates for 2009-10 going by the current advance tax collection trend. “We are well on course to meet the budget estimate and may even comfortably meet the revised target of Rs 4 lakh crore as advised by the Finance Minister”, sources said.
On the personal income-tax front, advance tax collection up to September 15, 2009 stood at Rs 6,216.70 crore, 7.1 per cent lower than Rs 6,694.80 crore collected in same period last year.
Tuesday, September 15, 2009
Nalco gains 2% on NPCIL order
The stock opened at Rs 348. It is now at the day's high of Rs 348 - up 2%. Around 26,587 shares were traded so far on the BSE.
The company is in talks with Nuclear Power Corporation of India (NPCIL) to jointly set up a Rs 12,000 crore nuclear power plant in South Orissa. Power accounts for nearly half of the input for aluminium making.
The proposed nuclear power plant would be the first nuclear plant in the country after the signing of the Indo-US nuclear deal. Prior to the signing of the nuclear deal, NPCIL had proposed to set up a mega nuclear power plant at Gopalpur, a beach resort town in south Orissa.
The company is in talks with Nuclear Power Corporation of India (NPCIL) to jointly set up a Rs 12,000 crore nuclear power plant in South Orissa. Power accounts for nearly half of the input for aluminium making.
The proposed nuclear power plant would be the first nuclear plant in the country after the signing of the Indo-US nuclear deal. Prior to the signing of the nuclear deal, NPCIL had proposed to set up a mega nuclear power plant at Gopalpur, a beach resort town in south Orissa.
Stocks to watch: Bharti Airtel, Wockhardt, Tata Motors
MUMBAI: South Africa’s communications regulator may not grant approval for the
proposed tie-up between MTN and Bharti Airtel this year,
according to media reports.
Paris Mashile, chairman of the Independent Communications Authority of South Africa (Icasa), has said it would not talk to MTN about any deal until “all the documentation and facts and everything” were ready. The Bharti-MTN deal is subject to a September deadline set by the companies. It would create the world’s third largest mobile group by subscribers. South Africa is pressing India for an agreement on the dual listing of companies.
Foreign lenders, upset over Wockhardt's corporate debt restructuring package, have threatened to block the pharma company's $130 million deal to sell its nutrition business to US-based Abbott Laboratories. This may take a toll on the company’s shares which ended 0.64 per cent higher at Rs 164.45 on the BSE.
Tata Motors is planning to sell about 10-15 per cent in subsidiary Tata Motors Finance to raise funds to
reduce debt. Shares of the auto major ended 1.33 per cent higher at Rs 569.25 on the BSE.
Asian Paints, has started selling its near-10 percent stake in rival ICI India and has reduced it to 7.49 percent, citing favourable market conditions. Asian Paints had acquired ICI India shares in 2003, following disinvestment by the federal governm
proposed tie-up between MTN and Bharti Airtel this year,
according to media reports.
Paris Mashile, chairman of the Independent Communications Authority of South Africa (Icasa), has said it would not talk to MTN about any deal until “all the documentation and facts and everything” were ready. The Bharti-MTN deal is subject to a September deadline set by the companies. It would create the world’s third largest mobile group by subscribers. South Africa is pressing India for an agreement on the dual listing of companies.
Foreign lenders, upset over Wockhardt's corporate debt restructuring package, have threatened to block the pharma company's $130 million deal to sell its nutrition business to US-based Abbott Laboratories. This may take a toll on the company’s shares which ended 0.64 per cent higher at Rs 164.45 on the BSE.
Tata Motors is planning to sell about 10-15 per cent in subsidiary Tata Motors Finance to raise funds to
reduce debt. Shares of the auto major ended 1.33 per cent higher at Rs 569.25 on the BSE.
Asian Paints, has started selling its near-10 percent stake in rival ICI India and has reduced it to 7.49 percent, citing favourable market conditions. Asian Paints had acquired ICI India shares in 2003, following disinvestment by the federal governm
Thursday, September 10, 2009
for dalda , health & taste go together
health & taste - do they go together as far as edible oil is concerned .Dalda the image 75years old brand is going off the beaten track. the launching dalda from HUL IN 2003 is the brand to position it as something that stand for health without compromising on taste.It is only a relaunch update product with vitamins A, D, & E and higher level of anti-oxidants and rebranding with a new logo and packing .after two month dalda will introduce new variants like rice brand & coconut oil in the edible oil category. there is also a latent perception that they are compromising on taste while trying to consume healtheir food .Dalda operates in vanaspati as well as edible oil segment in dalda vanaspati is the market leader 12% share.
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