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
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
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
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
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
Take-out pizza chain hiring. Aged over 18, no
experience required. Uniform provided. Salary: $31,000
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
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 Gramin Bank
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
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.