Recent News in the last week Presented By:- Lakhvir Singh MBA-2A
I’m your soldier: Rahul to tribals <ul><li>Rahul arrived to support for the battle of tribes against vedanata Vedanta had ...
IOC-OIL to buy 40% in Essar Gas block <ul><li>Indian Oil (IOC) and Oil India (OIL) to pick up a 20% stake each in gas bloc...
Maruti to open contact manufacturing <ul><li>The Chairman of the market leader, Maruti Suzuki, R. C. Bhargava has said tha...
Auto component cost expects four-fold growth by 2020 <ul><li>The auto component companies in the Indian market have recent...
More Opportunities to Retail Investors <ul><li>Retail investor may soon be able to buy more shares in share offering of co...
New Tax Code Rules <ul><li>Union Cabinet approved a new set of direct tax rules that will provide the maximum relief to th...
Toyota to announce a price hike <ul><li>The Indian arm of Toyota Motor Corporation that works in a JV agreement with Kirlo...
Hero Honda to finalize new plant in 30 days <ul><li>The Indian market leader in the Indian two-wheeler segment and world’s...
TVS Motors on capacity expansion mode <ul><li>The Chennai based Two-wheeler major; TVS Motors has recently stepped on the ...
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weekly news by lakhvir singh

  1. 1. Recent News in the last week Presented By:- Lakhvir Singh MBA-2A
  2. 2. I’m your soldier: Rahul to tribals <ul><li>Rahul arrived to support for the battle of tribes against vedanata Vedanta had plans to mine bauxite from niyamgiri hills. Union environment and forest ministry refused to give vedanata environmental clearance to exploit hills </li></ul><ul><li>Rahul, ”development doesn’t mean crushing poor people rights. He is their soldier in Delhi. He will be available for them whenever they need. </li></ul>
  3. 3. IOC-OIL to buy 40% in Essar Gas block <ul><li>Indian Oil (IOC) and Oil India (OIL) to pick up a 20% stake each in gas block in Myanmar. </li></ul><ul><li>Both IOC and OIL are considering Essar’s farm in proposals for A2-shallow water gas block. </li></ul><ul><li>Oil ministry official has already visited the Essar’s data room for due diligence. </li></ul><ul><li>Indian Oil (IOC) and Oil India (OIL) to pick up a 20% stake each in gas block in Myanmar. </li></ul><ul><li>Both IOC and OIL are considering Essar’s farm in proposals for A2-shallow water gas block. </li></ul><ul><li>Oil ministry official has already visited the Essar’s data room for due diligence. </li></ul>
  4. 4. Maruti to open contact manufacturing <ul><li>The Chairman of the market leader, Maruti Suzuki, R. C. Bhargava has said that the company may look at the option of making cars for other carmakers. </li></ul><ul><li>The only catch here is that the company will be looking at selling these cars under a different badge and the looks will be different from the cars that Maruti sells in the Indian market. </li></ul><ul><li>According to the industry experts, a deal with Volkswagen is surely a possibility as the German auto major holds a 19% stake in the parent company of Maruti , Suzuki Motor Corporation. </li></ul>
  5. 5. Auto component cost expects four-fold growth by 2020 <ul><li>The auto component companies in the Indian market have recently said that they expect a close to four-fold growth in the industry by the year 2020. It is to be mentioned here that the industry body, Automobile Component Makers Association recently said that it expect the industry to reach a figure of to $113 billion by 2020. </li></ul><ul><li>It may be noted here that a similar growth is expected in the automobile industry as well. There is no denying to the fact that the growth of the automobile industry in the Indian market is directly proportional to the growth of the component industry and vice versa. For the record, the Indian vehicles industry is seeing one of the fastest growths globally at about 30 percent. </li></ul>
  6. 6. More Opportunities to Retail Investors <ul><li>Retail investor may soon be able to buy more shares in share offering of companies. </li></ul><ul><li>SEBI will soon provide the double the investment limit in the retail individual category to Rs 2lakh per application. The main reason being current scenario of investment pattern by retail investor was ranging from 80000-100000. </li></ul>
  7. 7. New Tax Code Rules <ul><li>Union Cabinet approved a new set of direct tax rules that will provide the maximum relief to the person who is liable to tax. </li></ul><ul><li>New direct tax code seeks to replace the nearly 50-year old Income Tax law and is likely to be introduced in Parliament soon for approval of the new direct tax code . </li></ul>
  8. 8. Toyota to announce a price hike <ul><li>The Indian arm of Toyota Motor Corporation that works in a JV agreement with KirloskarGroup has recently said that the company will be revising the prices of its models across its portfolio in the month of October. </li></ul><ul><li>While the company declined to give any range of the price hikes that will be announced, but it is believed that it will be close to 1-4% hike that the company will be looking at. </li></ul><ul><li>It is to be mentioned here that the company launched the successful diesel variant of the Corolla Altis in the Indian market. In fact, its SUV Fortuner has been an instant success in the Indian market. The company even had to close its booking twice and plans to reopen it now in the month of January next year for the Indian consumer. </li></ul>
  9. 9. Hero Honda to finalize new plant in 30 days <ul><li>The Indian market leader in the Indian two-wheeler segment and world’s largest two-wheeler producer for the nine consecutive years, Hero Honda has recently said that the company will finalize on its new plant within a span of 30 days. </li></ul><ul><li>Moreover, it is to be mentioned here that Dual also pointed out the fact that the company expects to cross sales of 5 million vehicles in the current financial year. In fact, the company one of the most extensive rural networks in the Indian market and currently banks close to 40% of its total sales from the rural parts of the country. </li></ul>
  10. 10. TVS Motors on capacity expansion mode <ul><li>The Chennai based Two-wheeler major; TVS Motors has recently stepped on the accelerator pedal and has decided to give the rising competition a tough answer. </li></ul><ul><li>With a view to take its capacity up to 28 lakh units, the company has recently said that it will invest Rs 200 crore by April next year. In fact, the Chairman of the company, Venu Srinivasan also pointed out the fact that the company will also will set up a design centre in Indonesia. </li></ul><ul><li>While the competition in the Indian two-wheeler segment is rising by leaps and bounds, the Chairman also said that the company will sell close to 18 lakh of two wheelers in the domestic market while it will export nearly 2.5 lakh units this year. </li></ul>

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