Weekly News 4

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Weekly News 4

  1. 1. Weekly News<br />
  2. 2. Amway planning 2nd facility in India<br />Amway is planning to set up its second manufacturing facility in India.<br />It would help company to boost its sales and increase its product range in the country.<br />It is a 100% subsidiary of US based Amway corp. and has witnessed 25%year on year growth it its revenue.<br />
  3. 3. Cap goods stocks may ride on strong iip nos.<br />Shares of capitals goods firms are likely to increase this week as industrial output for July exceeded estimates by a wide margin.<br />The BSE capital goods index has risen a little over 2% compared with a 3% gain in the bellwether 30 share Sensex.<br />
  4. 4. Hedge funds were very active in the Indian market, just before it peaked out in early 2008.<br />IIP data have raised the possibility of the RBI raising benchmark interest rates in an attempt to control inflation, which has shown little signs of cooling so far.<br />
  5. 5. Ford plans to launch 8 new vehicle, make India export hub<br />Ford plans to launch 8 new models in India by mid decade.<br />India’s auto market is fast growing.<br />This is to make an export hub.<br />Company MD michaelBorreham said the company has to be there in small car segment.<br />
  6. 6. Ford has invested close to one billion dollars to expand its India operations.<br />The company infused 500 million dollars in january2008 to grow vehicle manufacturing capacity in Chennai to produced 200,000 units per year.<br />
  7. 7. Sensex hits MT 19k after 32 months<br />Indian shares have entered a new bull market with a 20% gain from 2010 lows and so have other emerging market as investors from developed nations chase returns.<br />This may continue as central banks keep interest rates of record lows. <br />These rates are forcing investors to borrow at cheap prices and invest in emerging markets.<br />
  8. 8. Since returns are higher than in developed nations, foreigners are flocking to most developing markets like India.<br />Indian companies earnings growth will be sustained due to domestic demand where consumers don’t suffer from high debt, unlike economies in the west.<br />

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