The Fiat Group based in India plans to source auto components worth $1 billion (around Rs 4,900 crore) from domestic auto ancillaries in 2010. About 70 per cent of the outsourced parts will be solely for the Fiat Group's multiple operations in India.
The trigger for international gold prices rising to $3,000 per ounce was Germany's upcoming heavy government borrowing.
Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.
US's terrible political and economic leadership will ultimately cost the dollar its value. India must act early to avoid being dragged down, suggests R Jagannathan.
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday. The real GDP growth for the first quarter of FY24 will come at 8.1 per cent with an upward bias and the Reserve Bank of India's 6.5 per cent estimate can also be exceeded, economists at the country's largest lender SBI said. "We expect Q1 FY24 GDP growth at 8.1 per cent with an upward bias due to the impact of Rs 2000 note withdrawal event...this reinforces our projection that FY24 GDP could be higher than 6.5 per cent, basis the RBI estimate," a note said.
The ever-astute Ravi Matthai, Director of Indian Institute of Management, Ahmedabad in 1971, offered me a basic salary of Rs 1,000 per month on my return from the United States. I doubt if IIMA could hire a faculty member at Rs 55,000 per month today! points out Dr Shreekant Sambrani.
'Approach people with respect, mindful that they know their job better than you do, and that you're not superior to them just because you may be better educated or their boss.' Skoda Auto VW India MD Gurpratap S Boparai cites his management credo to Pavan Lall.
'More than one brand in a showroom is too risky because customer loyalty in this market is low. Most people don't drive different cars made by the same manufacturer for a lifetime, they experiment.'
When agricultural holdings get fragmented over years, the state government has the power to step in and help farmers pool their land parcels for improving land productivity, after which the pooled land is divided up into larger plots. Instead of the fragments they hold, a farmer gets a single contiguous patch of an equal size. But, it is done only for agricultural holdings. In Kot village, however, the consolidation has been ordered for the entire village land, including the hilly forested commons, which are already pooled. This is not the first time that the Haryana government has attempted such a consolidation of Kot common lands.
A record number of 85 products will be launched.
Spending at restaurants and bars grew more than 8 per cent compared to the year before.
In the past four months, launches of luxury and super luxury cars have sped ahead of non-luxury ones.
The total number of passenger vehicles (cars and utility vehicles) sold annually in the 1970s was 32,000 units - less than even one week's sales today.
Indian billionaires do not believe in sitting on their wealth.
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