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Growth forecast to remain between 5.4% - 5.9% in economic survey: Sidharth Birla

Sidharth-BirlaNew Delhi, July 9 : The President of the Federation of Indian Chambers of Commerce and Industry (FICCI), Sidharth Birla today said the growth forecast for the next fiscal shall remain between 5.4 per cent - 5.9 per cent in the economic survey.

Sidharth Birla told ANI, "They have given range of growth projection in the economic survey i. e. from 5.4 per cent to 5.9 per cent. Originally we had the benchmark of 6% for next year. However, the estimate given is quite safe keeping in mind the uncertainties that we are facing."


Rolls-Royce announces record half-year sales

Rolls-RoyceNew Delhi, July 9 (ANI-Businesswire India): Rolls-Royce Motor Cars today announced that the company has enjoyed a record half-year in 2014, with sales increasing by 33 per cent worldwide compared with the same period in 2013.

Sales growth was seen in all regions, with a particularly strong performance in Europe, up by over 60 per cent, Asia Pacific up by almost 40 per cent and the Middle East up by over 30 per cent. The United States and China also saw double-digit growth. In Europe, strong performance was seen in Germany, with sales doubling.


Growth forecast for next fiscal to remain between 5.4 to 5.9 pct: Economic Survey

Growth forecast for next fiscal to remain between 5.4 to 5.9 pct: Economic SurveyNew Delhi, July 9 - The Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 2014-15, overcoming the sub-5 per cent growth of Gross Domestic Product (GDP) witnessed over the last two years.

The growth slowdown in the last two years was broad based, affecting in particular the industry sector. Inflation too declined during this period, but continued to be above the comfort zone, owing primarily to the elevated level of food inflation.


Domestic car sales rise 14.76% in June

DomesticNew Delhi: Domestic passenger car sales increased 14.76 percent to 1,60,232 units in June as compared to 1,39,624 units in the year-ago month.

Motorcycle sales last month climbed 9.63 percent to 8,76,196 units from 7,99,254 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM).

The total two-wheeler sales in June rose 12.99 percent to 12,61,589 units.

Sales of commercial vehicles were down 9.03 percent to 51,119 units in June, SIAM said.


Piaggio launches limited edition Vespa Esclusivo

Vespa-EsclusivoNew Delhi: Piaggio Vehicles, the wholly-owned subsidiary of Italy's Piaggio group, on Tuesday launched a special edition of Vespa scooter priced at Rs 74,355 (ex-showroom Delhi).

Only 1,000 units of the limited edition 'Vespa Esclusivo' would be manufactured and numbered with each piece having its distinct number badge, Piaggio Vehicles said in a statement.

The limited edition variant comes with various features including specially designed dual colour, black & silver alloy combination wheels, it added.


Spice launches SIM-enabled smartwatch for Rs 3,999

Spice-Smart-Pulse-M-9010New Delhi: Homegrown handset maker Spice Retail on Tuesday launched a new smartwatch with dual SIM support at a price of Rs 3,999.

To be launched exclusively with HomeShop18 from July 11, the 'Smart Pulse M 9010' features a 4-cm touchscreen that allows users to make and receive calls (using the Bluetooth headset provided free with the watch), read and write SMS and browse web.

It also has audio and video player, VGA camera, expandable memory up to 8GB, FM radio and 420 mAh battery.


Samsung launches Galaxy K zoom in India

Galaxy-K-zoomNew Delhi: South Korean handset maker Samsung Electronics on Tuesday launched in India a new smartphone, featuring a specialised camera with 10X zoom, for Rs 29,999.

Galaxy K zoom, which will be available from Wednesday, offers an advanced technical camera system designed to offer the control and functionality of a professional camera.

Featuring a 4.8-inch screen, the handset has a hexacore processor (1.3 GHz quad core + 1.7 GHz dual core processor) and is based on the latest Android Kitkat operating system.


Foreign Minister Hague says UK to erect Gandhi statue as symbol of bilateral peace

William-HagueNew Delhi, July 8 : British Foreign Minister William Hague stated today that his government would erect a statue of Mahatma Gandhi in the United Kingdom next year as a symbol of peace between the two countries.

A mutual feeling of non-violence is propagated within the two countries, he said.

"There are many important links between the two countries and they can help job and opportunities in both countries.  It's a new government now," said William Hague.


Railway Budget all about privatization and FDI: Manish Tewari and A R Chowdhury

Manish-TewariNew Delhi, July 8 : Former Minister of State of Railways Adhir Ranjan Chowdhury and Congress Party leader Manish Tewari said the 2014-15 Railway Budget proposals presented today are all about the privatization of Railways.

Tewari told ANI, "The rail budget has been very high on rhetoric and absolutely low on delivery.  It seems to be more of a statement for privatizing the railways than a budget.  It is completely incomprehensible, as on one hand, they have announced 14 per cent hike in rail fares.  And on another hand, all they have talked about is privatization and public-private partnership."


Malaika Arora Khan unveils Savvy Magazine's latest issue

Malaika-Arora-KhanNew Delhi, July 8 : Malaika Arora Khan, who featured on the cover page of Savvy magazine, recently unveiled its latest issue in Mumbai.

Speaking at the event, the 40-year old actress said, "I think all of us over the years while growing up, there are couples of magazines that we have read and identify with.  For me, Savvy has always been something that it reflects a woman in totality."

Apart from modeling, Khan is currently busy judging popular television reality shows. (ANI)


Railway Budget to play an important role in nation's growth: Modi

Narendra-ModiNew Delhi, July 8 :  Prime Minister Narendra Modi described his government's maiden Railway Budget as one that will play an important role in ushering in nation's development.

"The Rail Budget will prove to bring in speed, development to Indian Railways, security and service to citizens.  For the first time there is holistic railway budget of modern India.  Railway cannot be run on an adhoc basis.  This Rail Budget will prove that Railways plays an important role in the Nation's development," Modi said.


Gold down by 0.21 percent to Rs 27,431

GoldNew Delhi: Gold prices moved down by 0.21 percent to Rs 27,431 per 10 gram in futures trade Tuesday as participants offloaded positions partially, taking weak cues from the global market.

At the Multi Commodity Exchange, gold for delivery in August contracts declined by Rs 59, or 0.21 percent, to Rs 27,431 per 10 gram in business turnover of 472 lots.

Likewise, the metal for delivery in far-month October shed Rs 38, or 0.14 percent, to Rs 27,538 per 10 gram in three lots.

Market analysts said a weak trend in the overseas markets as investors weighed the outlook for US interest-rate policy, mainly weighed on gold prices at futures trade here.


GM India launches Manchester United editions of Beat, Sail

Chevrolet-Sail-U-VA-Manchester-UnitedNew Delhi: General Motors on Monday launched special editions of its hatchback models Beat and Sail in India to mark its partnership with popular English football club Manchester United.

The launch of Manchester United limited editions of Chevrolet Beat and SAIL hatchbacks comes at a time when the Chevrolet brand is making debut on the club's jersey.

The special edition models come with various features including Manchester United decals, alloy wheels, special seat covers, and roof rails.


Harsimrat Kaur Badal criticizes Haryana Govt. over separate SGPC

Harsimrat-Kaur-BadalNew Delhi, July 7 : Union Food Processing Minister Harsimrat Kaur Badal on Monday lambasted the Haryana Government over its decision to form a separate Shiromani Gurdwara Parbandhak Committee for the state.

"Since the Congress does not have any issue to fight elections on, they have taken up a religious issue," said Harsimrat.

Terming the SGPC as the 'mini-parliament of the Sikhs, Harsimrat said, "It is the authority which looks after our gurudwaras. It was enacted by an Act of the parliament. No political party has the right to interfere in our religion."


'Congress worsened matters, wants to pass on blame': Jaitley on price rise

Arun-JaitleyNew Delhi, July 7 : Finance Minister Arun Jaitley on Monday held the previous Congress-led UPA government solely responsible for the price rise, saying that the party which brought the economy to this state, now wants put the blame on someone else today.

"Even we are concerned about price rise, and hence, we had no hesitation in discussing the issue in Parliament. What surprises me is that the party which brought the economy to this state, wants to put the blame on someone else today," said Jaitley in the Rajya Sabha.


Lava launches 6-inch phablet 'Magnum X604', for Rs.11,999

LAVA-Magnum-X604-PhabletNew Delhi, July 7 : Indian smartphone manufacturing firm Lava on Monday unveiled its new 'sleek and portable' phablet, Magnum X604 for Rs. 11,999.

The Magnum X604 sports an 8MP auto-focus primary camera with BSI sensor and flash, which supports Full HD video recording, and a 2MP front camera. It runs on Android 4.2.2 KitKat and sports a 6-inch IPS display with 1280x720 pixels resolution, 1GB of RAM, 8GB storage, and a 1.2 GHz quad-core processor.


Sania Mirza achieves career-best fifth WTA doubles rank

Sania-MirzaNew Delhi, July 7 : Indian tennis ace Sania Mirza has entered the top-five for the first time in her career as the new WTA doubles chart was released on Monday.

Sania, who turned a professional tennis player in 2003 and overcame a career-threatening wrist injury in between, has achieved her career-best rank of number five in the world.

Sania and her partner Cara Black from Zimbabwe could not go deep in the recently concluded Wimbledon championships, but a second round appearance provided the Indian tennis ace with her crucial 130 ranking points that were enough to push her in the top five.


Shahrukh, Salman hug again at Iftar Party

Shahrukh-Salman-hugNew Delhi, July 7 : The true spirit of Ramadan prompted Shahrukh Khan and Salman Khan, to hug out their differences in Mumbai. Both stars hugged each other at the Iftar party hosted by Congress leader, Baba Siddique who had invited both the national heart throbs.

The duo, who had shared cold vibes since 2008, scrapped their differences by embracing each other at the bash.

While talking to the media persons on the occasion, Salman credited Siddique for making them meet. "It happened only because of Siddique. Had he not been there, it wouldn't have happened since everybody is busy in their work life," Khan said.


Reliance Infra appoints M S Mehta as CEO

Reliance InfrastructureNew Delhi - Reliance Infrastructure, part of Anil Ambani-led Reliance Group Monday appointed M S Mehta as the Chief Executive Officer (CEO) of the company.

He will take over from Lalit Jalan, who held the portfolio for the past more than seven years, Reliance Infrastructure said in a statement.

Mehta was till recently the Group CEO of Vedanta Resources for five years.

He is a Mechanical Engineer, and an MBA from the Indian Institute of Management, Ahmedabad.

The company also elevated Lalit Jalan as Director - Corporate Strategy and Affairs with effect from Monday. (PTI)


India's manufacturing, services growth outpaced China in June: HSBC

HSBCNew Delhi: Manufacturing and services sectors in India expanded at a faster pace than China during June while emerging market output registered the strongest upturn in business activity since March quarter of 2013, an HSBC survey said Monday.

The HSBC Emerging Markets Index (EMI), a monthly indicator derived from Purchasing Managers' Index surveys, stood at 52.3 in June, up from 50.6 in May, signalling the sharpest rate of expansion since March 2013.

The pick-up in output growth was reflected in both manufacturing and services, most notably the latter, where activity expansion hit a 15-month high, HSBC said.


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