The sale of super luxury cars in India registered growth despite the global financial crisis. The luxury car makers, such as BMW, Mercedes-Benz, and Volkswagen are looking for markets in developing countries such as India and China. They consider India as a potential market for high-end car sales.
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The sales of Mercedes Benz registered a decent growth in the Indian market. The comapny has sold 3141 units from January to October 2008. It has sold 2141 premium units in the same period last year according to Director (Sales and Marketing), Mercedes Benz India, Sanjiv Sahajawala.
A leading car maker from China is likely to set up a car manufacturing plant in West Bengal. The state government hopes that the company would set up the plant at the site, vacated by the TATA Motors after stiff opposition from Trinamool congress led opposition parties.
A team of officials from Chinese company, First Automobile Works (FAW), would soon visit the different locations in the state for the the project. It would tie up with Ural India for Rs 1,500-crore automobile manufacturing unit in Bengal.
Cotton processors and traders have criticized the Cotton Corporation of India (CCI) for higher cotton prices for this season. CCI is a government agency that deals with the purchase of cotton at minimum support price, fixed by the government. The processors are worried about the high price of Rs 2,850 a quintal and low profit due to competition and contractual processing of cotton.
Prime Minister Dr. Manmohan Singh, has constituted a panel under his chairmanship, to review the global financial condition and its impact on the economy of the country. Mr. Singh had assured the corporate world in a recent meeting that government would monitor financial matters on daily basis.
The other members of committee are Finance Minister, P Chidambaram, Industry and Commerce Minister, Kamal Nath, Planning Commission Deputy Chairman, Montek Singh Ahluwalia and RBI Governor D Subbarao.
The Union government may relax norms for foreign direct investment to increase fund flow in the monetary system of India. Union Commerce and industry minister, Kamal Nath said that the government is thinking to reduce FDI cap for many sectors such as defense equipment manufacturing and multi-brand retail.
It would help India to increase investment and reduce deficits amid global financial crisis. The government had already increased FDI limit for insurance sector from 26 per cent to 49 per cent.
On Tuesday, Top seed Vikram Malhotra was extremely happy as his last National tournament as a junior fetched him the under-19 crown at the ICL Squash Academy. The young man who would turn 19 next week, won from the State-mate and second seed Aditya Jagtap in straight games in the finals.
In the first game, they both stood at 8-8, following which, Vikram used a deceptive mix of oblique drops to inch to 10-8.
The sale of super luxury cars in India registered growth despite the global financial crisis. The luxury car makers, such as BMW, Mercedes-Benz, and Volkswagen are looking for markets in developing countries such as India and China. They consider India as a potential market for high-end car sales.
A leading car maker from China is likely to set up a car manufacturing plant in West Bengal. The state government hopes that the company would set up the plant at the site, vacated by the TATA Motors after stiff opposition from Trinamool congress led opposition parties.
Cotton processors and traders have criticized the Cotton Corporation of India (CCI) for higher cotton prices for this season. CCI is a government agency that deals with the purchase of cotton at minimum support price, fixed by the government. The processors are worried about the high price of Rs 2,850 a quintal and low profit due to competition and contractual processing of cotton.
Prime Minister Dr. Manmohan Singh, has constituted a panel under his chairmanship, to review the global financial condition and its impact on the economy of the country. Mr. Singh had assured the corporate world in a recent meeting that government would monitor financial matters on daily basis. 
The Union government may relax norms for foreign direct investment to increase fund flow in the monetary system of India. Union Commerce and industry minister, Kamal Nath said that the government is thinking to reduce FDI cap for many sectors such as defense equipment manufacturing and multi-brand retail. 
On Tuesday, Top seed Vikram Malhotra was extremely happy as his last National tournament as a junior fetched him the under-19 crown at the ICL Squash Academy. The young man who would turn 19 next week, won from the State-mate and second seed Aditya Jagtap in straight games in the finals. 
