TNM

Konkana To Shine in 'The President Is Coming'

Konkana To Shine in 'The President Is Coming'Konkana Sen Sharma has proved her versatility and talent in a lot of films ranging from the popular commercial to the serious unconventional portrayal of today's woman in a Bengali film.

Likeher mother Aparna Sen, Konkona has shown an openness to change and a desire to try new things. Konkana is all excited and thrilled about her role in the English film 'The President is coming', which is due to be released by September or October.

Festive season fails to cheer auto companies

Festive season fails to cheer auto companiesAutomobile industry registered biggest decline in vehicle sale in eight years. Vehicle sale declined 14.42% in October with selling of 8.65 lakh units as compared to 10.11 lakh in the same period last year. Companies were optimistic to revive the growth of industry in the festival season but all these hopes ended in smoke with unexpected decline in auto sale.

Global slowdown, liquidity problem and high financing cost, severely impacted the automobile and commercial vehicle sector. Car purchase also declined following high finance rates by dealers.

FICCI demanded special package for textile industry

FICCI demanded special package for textile industryFederation of Indian Chambers of Commerce and Industry (FICCI) has demanded a special bailout package for highly labour-intensive textile sector.

The growth of textile industry is declining following slowdown and global factors and any package would mitigate chances of retrenchment in textile sector. It is recalled that PM asked the industry to refrain from job cuts but industry has now thrown the ball in center's court.

Slowdown Hits Steel Sector

Slowdown Hits Steel SectorWorld slowdown has severely impacted the steel industry across the globe. Steel companies are facing slow demand following the decline in demand from automobile and real estate sector.

Many steel giants have decided to employ cost cutting measures including production cut and retrenchment of additional staff. Steel prices currently stand at $500 a tonne in the international market as compared to $1,250 a tonne in March-April.

Europe based steel giant, Corus has decided to cut production by 30 per cent following slow in demand.

NBFC Registered Low Growth

NBFC Registered Low Growth

Non-banking finance companies registered a decline in loan disbursement amid global financial crisis. They are thinking to tie up with banks to survive in volatile market. NBFCs are also considering repaying short-term obligations to mutual funds.

Rating agency, Crisil, confirmed that disbursement is declined by about 70 per cent within two months. It expects that NBFS have to work under large banks and sell their services. They are facing problems due to low maturity period on their amount while banks give at least three year maturity period on loans to customers.

Italian R&D company acquired by Zydus Cadila

Italian R&D company acquired by Zydus Cadila

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