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ET Weekly News1st Nov. – 6th Nov. Shruti Sharma MBA 2 (C)
BMW to launch bikes in India priced Rs 18 lakh onwards After 13 years of its first attempt to enter the Indian two-wheeler market through a joint venture with the Hero Group, BMW revealed plans to launch BMW Motorrad. The German luxury carmaker will start selling the flagship S 1000 RR as well as the R and K series models in December with prices expected to start from 18 lakh.
Another bubble beginning in emerging market shares Barton Biggs warned of a US stock-market bubble as early as January 1997. Stayed bearish for most of the following three years as the Standard & Poor’s 500 Index surged more than 90% to a record. A decade later, Biggs says another bubble is beginning in emerging market shares. This time, he’s bullish
Contd… Biggs’s view is shared by Jeremy Grantham, whose investment firm had its assets under management shrink 45% in the late 1990s as his pessimistic outlook for high-priced technology stocks spurred clients to buy better-performing mutual funds. The chief strategist at Grantham Mayo Van Otterloo & Co wrote onOctober26that his forecast for an “emerging emerging bubble” was in “splendid shape” after the MSCI Emerging Markets Index soared 146%in the past two years.
Coal India to debut at Rs 280-300 tomorrow: Analysts State-run Coal India (CIL), which garnered Rs 15,200 crore through its initial public offer (IPO), is likely to make a powerful debut in the range of Rs 280-300 on the bourses, thereby giving a boost to the broader market, say analysts.
Pizza chain offers $31,000/hour part-time job Take-out pizza chain hiring. Aged over 18, no experience required. Uniform provided. Salary: $31,000 an hour. As part of a series of events commemorating the 25th anniversary of its arrival in Japan, Domino's Pizza Japan is set to hire one lucky person at the rate of 2,500,000 yen ($31,030) for an hour's worth of work in December
Contd… A company spokesman declined to provide further details until November 10, but the company's website said that anyone who wants the job will need to file an application. Those passing to the next stage will undergo an interview. Hourly pay for part-time jobs in Japan averages just under 1,000 yen ($12.41). Many of the comments on a Japanese article about the offer noted that the salary was cheap for the probable advertising impact and that there might be better uses for the money, such as raising workers' pay overall.
Ashok Leyland ties up with Himachal GraminBank Hinduja Group flagship firm Ashok Leyland on Monday said it has tied up with Himachal Gramin Bank to provide customers with finance options for buying commercial vehicles. Ashok Leyland and Himachal Gramin Bank (HGB) executed a Memorandum of Understanding on Friday in Mandi, Himachal Pradesh, which offers Ashok Leyland's customers very attractive terms for financing commercial vehicles, Ashok Leyland said in a statement.
Contd… Ashok Leyland has in the past tied up with several public sector banks. Mandi-based HGB with a network of 123 branches, is the latest public sector bank with whom Ashok Leyland has inked an agreement.