latest Market News

As per the estimates by JD Power and Ernst & Young, the country's automobile market is anticipated to be the third largest in the world by 2020.   The estimates further noted, as quoted in the National Electric Mobility Mission Plan 2020, the country's share of the global passenger vehicle market will move up from 4 per cent in 2010-11 to 8 per cent in 2020.   The report stated, ''in 2010-11 the total global demand for...

  • Posted on : Friday , 29th March 2013
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Hyundai Motor India (HMI) will 'soon' launch a slew of products for the Indian market, including a compact SUV, an MPV as well as a compact car positioned between its i10 and i20 models. According to CEO & MD Bo Shin Seo, the launches will be supported by a new diesel focus on the back of HMI's recent investments in diesel engine capacity. Speaking to TOI, Seo said the carmaker's Korean parent Hyundai Motor Company has a "very strong...

  • Posted on : Friday , 29th March 2013
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KOCHI: At a time when the seafood industry is facing a crisis with sluggish markets and declining wild catches, tuna arrival has come as a windfall. There has been a drop in fish landings in the west coast in general this year. But tuna, which is highly valued for sashimi delicacy in Japan, seems to have bucked the trend.  However, the prices have not been encouraging as the major buyers like Europe and US are still in economic...

  • Posted on : Friday , 29th March 2013
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Kazakhstan and India have "tremendous scope" for the bilateral cooperation, especially in nuclear energy and other natural resources sectors such as oil and minerals, the Kazakhstan envoy said on Tuesday. Doulat Kuanyshev, Kazakhstan Ambassador to India, said the potential for bilateral cooperation is enormous and the current state of this cooperation is "well behind our capabilities and aspirations."  "This...

  • Posted on : Friday , 29th March 2013
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India and Africa have set a target to take two-way commerce to $70 billion by 2015 on the back of increasing economic engagement between the two sides. Currently, bilateral trade between India and Africa stands at about $45 billion. "We have set for ourself a target of $70 billion by 2015 and I am sure that we will be able to achieve it," Commerce and Industry Minister Anand Sharma said at CII's India-Africa conclave in New...

  • Posted on : Friday , 29th March 2013
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