Sunday, August 25, 2013
Has RBI given up on the rupee?
MONDAY
26.8.2013
There are two kinds of doctors. One sort diagnoses the ailment, prescribes medicines and waits for the patient to get better. The other prefers to experiment and, in the process,
often ends up spending more time in dealing with the side effects of
the drugs he has administered. In the end, the type II doctor gives up
treating the patient altogether.
pratima
Thursday, August 22, 2013
Nano gets ‘smart’ makeover
India’s top vehicle maker Tata Motors says it plans to reposition the Nano as a “smart city car” after its marketing pitch as the world’s cheapest auto resulted in disappointing sales.
The Nano was launched in 2009 as a budget solution for millions of aspirational lower-middle class Indian families wanting to change from two-to-four-wheel vehicles. But status-conscious consumers largely shunned the “cheap” tag.“We are now focusing on increasing the features and the perceived value of the Nano with every subsequent model launch,” Tata chairman Cyrus Mistry told shareholders at its annual meeting on Wednesday in Mumbai.
“We are now focusing on making it a smart city car and targeting the young customers,” he said.
The jellybean-shaped Nano, which sold for around $2,200 when its first edition went on the market, saw sales drop by more than 27 per cent in the year to March, and Tata’s former chairman Ratan Tata admitted the car had an image problem.
Mistry said added features will include power steering options, an improved interior and exterior and better fuel efficiency. He also said the company would launch the much-delayed CNG?variant of the Nano this year.
Tata’s dedicated Nano plant in the western state of Gujarat is running at less than half its capacity. Tata, which owns Jaguar and Land Rover, reported a 23 per cent dive in net profit in Q1 quarter as higher sales for its British luxury brands failed to offset weak domestic demand.
pratima
Brazen China enters India, spends 3 days
THURESDAY22.8.13
A day after India landed a military aircraft close to the China border in the north in a “show of muscle”, reports on Wednesday said Chinese soldiers not only came deep into the Indian side in the Northeast last week but also stayed on for three days.
The ministry of external affairs (MEA) downplayed the incursion in Arunachal Pradesh’s Chaglagam area, calling it a “non-event” based on army inputs.
Army sources, however, privately confirmed that a “longrange Chinese patrol” comprising 20-30 soldiers had crossed the line of actual control (LAC) and camped 20-30km inside Indian territory for three days. The news came in as army officers of both sides were meeting in Kolkata to draw plans for a joint exercise.
PRATIMA KUMARI
PGDM
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