Hyundai domestic sales up by about 19 percent

NEW DELHI – Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter, continued to be on a growth trajectory with the domestic sales growing by 18.9 percent in June 2010 over the same month last year.

HMIL domestic sales in June 2010 was 27,366 as opposed to … Read more >>.

TVS Motor logs 36 percent sales growth in June

CHENNAI – Two wheeler manufacturer TVS Motor Company has clocked a 36 percent increase in sales last month as compared to the volume it logged in June 2009.

The company last month sold 156,685 two wheelers (domestic 139,905 units, exports 16,780 units) as against 115,448 units (domestic 105,361 units, exports 10,087 units) in June 2009.
Within …. Source article on Gaea Times at  : TVS Motor logs 36 percent sales growth in June.

World stocks fall on worries over Europe after Spain warned of downgrade, China slowdown

World stocks down on Europe, China growth doubts

BANGKOK – World stock markets were in retreat Thursday amid new concerns about Europe’s economic outlook after a warning Spain’s debt rating may be downgraded and evidence that China’s manufacturing growth is slowing.
Oil prices fell below $75 a barrel in Asia as wilting stock markets dragged down the … Read more »».

Retail sales gain offers hope for German domestic demand; minister defends export strength

German consumer spending shows signs of life
BERLIN – A small rise in retail sales offered a hopeful sign Thursday for Germany’s long-sluggish domestic demand, even as the country’s economy minister mounted a robust defense of its export-heavy recipe for success.
Retail sales were up 0.4 percent on the month in May following declines in …. Read the original article  : Retail sales gain offers hope for German domestic demand; minister defends export strength.

World’s first flying car gets green signal to take-off (Lead, changing dateline)

TORONTO – The world’s first flying car, which was caught in a legal snarl in the US, has finally been given the green signal.

Being developed by Boston-based Terrafugia Transition since 2006, the dual-purpose car-cum-plane vehicle called ‘the flying car’ has got the waiver on its weight from the American Federal Aviation Administration (FAA).
Under FAA … Read the original article on Gaea Times at : World’s first flying car gets green signal to take-off (Lead, changing dateline).

RBI announces rate of interest on Floating Rate Bonds 2015

The rate of interest on the Floating Rate Bonds, 2015 (FRB, 2015) applicable for the year (July 2, 2010 to July 1, 2011) shall be 5.66 percent per annum.
It may be recalled that the rate of interest on the FRB, 2015 was set at …. Original article on Gaea Times at  : RBI announces rate of interest on Floating Rate Bonds 2015.

RBI announces rate of interest on Floating Rate Bonds, 2017

The rate of interest on the Floating Rate Bonds, 2017 (FRB, 2017) applicable for the half-year (July 2, 2010 to January 1, 2011) shall be 5.56 per cent per annum.
It may be recalled that the rate of interest on the FRB, 2017 was set at a mark-up (as decided …. Original article  : RBI announces rate of interest on Floating Rate Bonds, 2017.

Food inflation cools down to 12.9 percent

NEW DELHI – India’s annual food inflation slowed to 12.9 percent for the week ended June 19 due to what analysts said a weakening base effect.

The food inflation was at 16.9 percent during the previous week.
A 40 per cent fall in potato prices and 7 per cent decline in onion prices and single-digit rises …. Source  : Food inflation cools down to 12.9 percent.

Union: SoCal port clerks striking after contract expires without new pact

SoCal port clerks striking after contract expires

LOS ANGELES – Clerical workers at several terminals at the country’s busiest port complex went on strike after their contract expired early Thursday without a new labor agreement, a union spokesman said.
There was no extension when the labor contract elapsed at 12:01 a.m. PDT Thursday, said Stephen Berry, lead [..] Read the original article: here.

Certificate of Registration of M/s. Greenbay Finance and Investments Limited ??? Cancelled

The Reserve Bank of India has on June 7, 2010 cancelled the certificate of registration granted on March 11, 1998 to M/s. Greenbay Finance and Investments Limited having its registered office at Plot No. 15 & 16, Road No. 9, Jubilee Hills, Hyderabad – 500 033 for carrying …. Source article  : Certificate of Registration of M/s. Greenbay Finance and Investments Limited ??? Cancelled.

Certificate of Registration of Zoom Exports Limited ??? Cancelled

The Reserve Bank of India has on June 3, 2010 cancelled the certificate of registration granted on May 24, 2000 to Zoom Exports Limited having its registered office at 98, Hardsoft Towers, 21st Main, Banashankari 2nd Stage, Bangalore – 560070 for carrying on the business of a …. Source article on Gaea Times at  : Certificate of Registration of Zoom Exports Limited ??? Cancelled.

Swedish central bank hikes key interest rate by 0.25 pctage points to 0.5 percent

Swedish central bank ups interest rate to 0.5 pct

STOCKHOLM – The Swedish central bank on Thursday raised its key interest rate by a quarter percentage point to 0.5 percent for the first time in two years, saying the economy is recovering strongly from last year’s global downturn.
The central bank has kept the key repo rate … Original article on : Swedish central bank hikes key interest rate by 0.25 pctage points to 0.5 percent.

Nagarjuna leads race for India-Nepal border check post project

KATHMANDU – A joint venture between Indian construction major Nagarjuna Construction Company and Mumbai’s inter-border check post specialist KS Softnet Solutions is leading the race for a government of India-funded Rs.87 crore project on the India-Nepal border.

Out of six Indian companies who bid for the construction of the integrated check post (ICP) in Birgunj in …. Source  : Gaea News Network.

China allows duty-free access to Bangladesh goods

DHAKA – Beginning Thursday, China will provide duty-free entry to major Bangladeshi products with an aim to offset the annual trade gap of $2.5 billion.

The new arrangement follows top level parleys. Prime Minister Sheikh Hasina went to Beijing and Chinese Vice President Xi Jinping was here last month when a series of pacts were signed. …. Source  : Gaea News Network.

Himachal gets 34 percent more rain in June

SHIMLA – Himachal Pradesh received 34 percent more rain than the average for this time last month despite a delayed monsoon, the weatherman said Thursday.

“The state got 34 percent more rain in June. It got 126 mm of rain against the normal of 94.1 mm,” Manmohan Singh, director of the meteorological office here, told IANS. …. Source  : Himachal gets 34 percent more rain in June.

China’s Xinhua News Agency launches international English TV network this week

China launches global 24-hour English TV news

BEIJING – China’s biggest national news agency launched its global, English-language television news network on Thursday as part of efforts to expand the communist government’s influence abroad.
Experts say China’s media expansion also results from unhappiness with much of the international coverage of sensitive events in China such as Tibet …. Source article on Gaea Times at  : China’s Xinhua News Agency launches international English TV network this week.

Google fails to make China’s mapping list

BEIJING – Google Inc has not found a place on the initial list of companies that China plans to approve to provide online mapping services in the country, a media report said Thursday.

Twenty-three domestic companies including Baidu, Alibaba and Sohu are among those expected to be granted a licence to provide the services, the State …. Original source  : Google fails to make China’s mapping list.

In Mass., lawmakers torn between casinos’ lure and state’s Puritan roots, public health credos

In Mass., a politically correct casino debate

BOSTON – Massachusetts lawmakers enthralled with the lure of easy casino cash are having a tough time squaring the 24-hour world of smoke-filled, free-booze gambling haunts with the state’s Puritan roots and high-minded liberal reputation.
During lengthy debates in the Massachusetts House and Senate, legislators have weighed all sorts of …. Source  : Gaea News Network.

SoCal port clerks’ contract expires, no new agreement or extension

SoCal port clerks’ contract expires
LOS ANGELES – A contract between 900 clerical workers and shipping companies at the nation’s busiest port complex has expired without a new agreement.

The current contract expired at 12:01 a.m. Thursday and there is no extension, said Stephen Berry, lead negotiator for the Harbor Employers Association which represents 14 shippers and … Original source on Gaea Times at : SoCal port clerks’ contract expires, no new agreement or extension.

Fortis offers to buy entire Parkway holding

MUMBAI – India’s Fortis Healthcare Thursday offered to buy out the entire stake of Singapore’s Parkway Holdings, which operates 16 hospitals in the Asia-Pacific region, topping a bid by rival Malaysian state fund Khazanah.

Fortis Healthcare, promoted by brothers Malvinder and Shivinder Singh, had bought a 24-percent stake in Parkway Holdings for $685.3 million, but has … Original article on : Fortis offers to buy entire Parkway holding.