ECONOMY & NATION


Sales of 2&3BHK homes are picking up in Mumbai, Delhi, Pune, Bengaluru, Chennai and Hyderabad Real-estate developers and consultants have been claiming that one bedroom-hall-kitchen (1BHK) homes were the best-selling product during the July-September 2009 quarter. But this trend does not...

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The investment case for gold has become increasingly compelling with central bank buying and a structural change in interest in gold as an investment product among retail customers, said Standard Chartered (StanChart) in a research note. “Although the upside will be capped by lower jewellery...

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Pranay Vakil, chairman, Knight Frank India, highlights 10 home truths that the real-estate industry realised during the downturn that lasted around 18 months 1. Liquidity is vital: Developers realised this when sales volumes declined drastically due to the liquidity crunch. Developers...

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Segment sees strong growth, but sales of electronic two-wheelers have stagnated The domestic sale of mopeds for April-October 2009 grew nearly 27% on the back of availability of finance, lower interest rates and the festive season. TVS Motors, which is the only company to manufacture...

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Winemakers see stocks piling up for want of takers due to the ongoing slowdown Although Cyclone Phyan hit Nashik a week back and damaged a major portion of the grape crop under cultivation, consumers might not have to pay much for their bubbly in the coming months as last year’s recession...

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Liases Foras has launched Ressex, a real-estate sensitivity index that will capture trends in price, inventory, sales and demand in six cities. Real-estate research firm Liases Foras has launched its Real Estate Sensitivity Index, or RESSEX, which will provide data on price, inventory,...

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The textile sector was facing a slowdown last year, but a surge in exports may help it to achieve a turnaround, say industry experts The textile industry was hit hard by the global economic slowdown. However, it is now showing signs of recovery. Experts feel this is just the beginning of...

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Strong Chinese import demand overcomes fears of global steel oversupply Iron ore prices have begun soaring since September 2009 from a bottom of $80-$84 per tonne and are now nearing their recent peak of $110-$112 per tonne of early August 2009. The cash prices for Indian iron ore exported to...

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Apprehensive of high government borrowings and widening fiscal deficit, bond markets are looking for some respite from PSU divestment funds but see no chance of yields falling significantly Talks of the government’s burgeoning fiscal deficit have now reached a high pitch, giving vent to...

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Falling yields on government bonds are being mirrored by the corporate bond segment, as sluggish credit growth and low interest rates lead to oversupply of money The Reserve Bank of India (RBI) has shied away from hiking interest rates, largely because credit growth has failed to match up to...

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Pallabika Ganguly 19 November 2009
In the third part of his exclusive interview with Moneylife, Govind Shrikhande, president and CEO, Shopper’s Stop, explains to Pallabika Ganguly about how his company handles staffing issues and his strategy for category management ML: Are prices of real estate headed down? GS: The...

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Short-supply and growing demand from states such as Orissa, Bihar and Andhra Pradesh have led to a rise in the price of jaggery. Prices of black jaggery in Andhra Pradesh have already surged by over 50% in October 2009 to Rs275-Rs295/10kg from Rs170-Rs190/10kg in October 2008. From November...

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Between January 2009 and October 2009, the price of copper has shot up 125%. However, inventories of copper, monitored by the Shanghai Futures Exchange, stood at 102,835 tonnes as on 30 October 2009, up from 17,822 tonnes at the start of the year. China’s copper imports more than doubled in the...

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Shopper’s Stop reported a significantly higher profit during the second quarter. Govind Shrikhande, president & CEO, explains to Pallabika Ganguly how he did it. Pallabika Ganguly (ML): Shopper's Stop reported healthy numbers for the second quarter. Do you think the good show will...

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China’s steel trade body fears a rapidly worsening situation in the December quarter and early 2010 While Indian steel stocks are rallying, China Iron and Steel Association (CISA) has warned that oversupply is the major problem that the Chinese steel sector would need to confront. The...

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China’s steel trade body fears a rapidly worsening situation in the December quarter and early 2010 While Indian steel stocks are rallying, China Iron and Steel Association (CISA) has warned that oversupply is the major problem that the Chinese steel sector would need to confront. The trade...

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China’s steel trade body fears a rapidly worsening situation in the December quarter and early 2010 While Indian steel stocks are rallying, China Iron and Steel Association (CISA) has warned that oversupply is the major problem that the Chinese steel sector would need to confront. The...

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Pallabika Ganguly 17 November 2009
Shopper’s Stop reported a significantly higher profit in Q2. Govind Shrikhande, president and CEO, explains to Pallabika Ganguly how he did it. Here is the second part of the three-part interview. ML: What is the future of organised retail in India? Do big brands see value in this segment?

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SHCIL has declared an unprecedented dividend of 900%. What is the reason behind this lavish payout? Stock Holding Corp of India Ltd (SHCIL) has announced a staggering cash dividend of 900%. According to informed sources, this entire dividend is the amount SHCIL earned by selling its 2%...

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Bankers and equity investors will be hurt by the way airlines are piling on debt The way the aviation sector is loading up on debt and equity, is certain to hurt lenders as well as equity investors. Air India is looking for additional equity of Rs5,000 crore over three years. Indian...

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