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India Proves Hard To Crack For Vw As Swift Outshines Polo

Volkswagen isnt alone in stumbling in India -- General Motors Co. (GM) has a share of about 3.5 percent there -- as global carmakers struggle to figure out how to succeed in what KPMG predicts will be among the fastest-growing auto markets through 2020. While Volkswagen may own Audi and Bugatti, such engineering talent may be of little use unless the company churns out cars cheap enough for the Indian consumer. VWs fundamental problem is an engineering culture that is incapable of building site internet low-cost cars, said Max Warburton , an auto analyst at Sanford C. Bernstein, who calls India the toughest place for a carmaker to compete in. Skodas brand position has further complicated their job, but the issue is more cost than branding or marketing. Take Volkswagens Polo hatchback, which at 510,000 rupees ($8,180) is 11 percent more expensive than market leader Maruti Suzuki India Ltd. (MSIL) s Swift.
Read more: http://www.bloomberg.com/news/2013-12-04/india-proves-hard-to-crack-for-vw-as-swift-outshines-polo.html

India Opposition Set to Win State Elections Before 2014 Vote

No margin of error or details of the poll methodology were given. All the state elections had record voter turnout, the Hindustan Times reported, without saying where it got the information. Modi Modi, 63 and chief minister of Gujarat state in western India, is promoting his record of governance and stronger-than-average economic growth in the state he has ruled since 2001 in an attempt to propel his party to national power. Congress has been deploying Rahul Gandhi, a potential prime minister candidate, and his mother Sonia Gandhi, the partys president, both members of a political dynasty that has ruled the country for more than half of the 66 years since independence. The price of onions, a key ingredient in Indian cooking, has climbed 278 percent in the last year. Higher food prices eat into consumers disposable incomes and disproportionately impact the poor who make up about two thirds of Indias population. Indias final full session of parliament before the general election began today.
Read more: http://mathisldxk.skyrock.com/3198401185-Is-Farrah-Abraham-Appearing-On-Dave-Attell-s-New-Comedy-Central-Show.html >http://www.bloomberg.com/news/2013-12-04/bjp-india-opposition-set-to-win-state-elections-before-2014-vote.html

India's 'Exchange King' Says Managers Misled Him

4, 2013 12:54 p.m. ET MUMBAIJignesh Shah, once one of India's richest men, was little known outside of financial circles until this year, when his empire of electronic exchanges started to fall out of favor with regulators and investors. India's Forward Markets Commission, which regulates futures trading, said this summer that one of Mr. Shah's two commodities exchanges in Indiathe National Spot Exchange Ltd.was trading futures contracts when it was permitted to trade only commodities already held in warehouses. Trading at the exchange,...
Read more: http://online.wsj.com/news/articles/SB10001424052702304281004579221944049650728

India Inc, exporters welcome WTO pact on trade

R. Rangarajan, the prime minister's economic adviser, has already recommended that 70 percent of prices realised from sugar and sugar products should be passed on to cane growers. State governments, which typically force mills to pay cane-growers more than the price fixed by the federal government, have yet to agree. The existing arrangement helps local governments woo farmers who form a major voting bloc. The committee has also asked the food ministry to examine the feasibility of creating buffer stocks to trim bulging stocks at mills.
Read more: http://in.reuters.com/article/2013/12/06/india-sugar-idINDEE9B50AB20131206

India contributes $1 million to UN women's body

"While agreement on food security will ensure a fair deal for the subsistence farmers and the vulnerable sections in the developing countries, the deal on trade facilitation will improve efficiency at the international trade borders and check it out reduce the transaction costs, particularly for the Indian exporters," Assocham Secretary General D S Rawat said. This is the first such agreement since the World Trade Organisation (WTO) was set up way back in 1995. "We welcome the declaration on trade facilitation, which will not only boost transparency and predictability but also help in reducing transaction cost for businesses across the globe," Deep Kapuria, who led CII's business delegation to the WTO Conference, said yesterday. As per the draft text of the agreement, each member would be required to promptly publish information regarding issues like importation, exportation and transit procedures in a non-discriminatory and easily accessible manner in order to enable governments, traders and other interested parties to become acquainted with them. "We are very happy with the agreement on trade facilitation that would help in reducing transaction costs, cutting red tape, improving transparency besides simplifying and streamlining customs and port procedures," Ficci President Naina Lal Kidwai said.
Read more: http://www.hindustantimes.com/business-news/india-inc-exporters-welcome-wto-pact-on-trade/article1-1160262.aspx

'Nirbhaya,' victim of India gang rape fought for justice

In the hospital, Nirbhaya and her parents weren't aware of what was happening until a doctor showed them a newscast. They saw the protesters. They also saw the police trying to keep them at bay with water cannons. Police unleash water cannon and fire tear gas towards in Delhi on December 22, 2012. "That day I felt whatever was happening wasn't right," said Nirbhaya's father. "Our daughter's life was already at stake.
Read more: http://www.cnn.com/2013/12/04/world/asia/nirbhaya-india-rape/index.html

India mulls aid to sugar mills plus $1.17 billion in loans

"`We will see if there is any last-moment movement," Bach said. "If not, then we have to consider to take the next step." The IOC suspended the Indian body a year ago because of government interference in its election process. While many of the issues have been resolved since then, the Indians have yet to agree to the IOC demand to bar officials who have been charged with a criminal offense - an impasse that has led to the final ultimatum. "The (Olympic) charter is clear," Bach said. "If the suspension leads to no solution, then further steps could be withdrawal of recognition." It would be the first major ruling of the IOC board under Bach, who was elected president on Sept. 10, succeeding Jacques Rogge. Bach is the former president of Germany's national Olympic committee.
Read more: http://sportsillustrated.cnn.com/more/news/20131207/ioc-india-may-be-expelled-olympics/

India bring campaign back on track by beating Canada 3-2

Netherlands edged past Korea 3-2 to book their place in the quarterfinals of the event. Against Canada today, the Indians were in for a rude shock early in the match as Canada stunned the handful of spectators present at the ground striking in the third minute through Panesar, who capitalised on a defensive lapse to slot home the ball after Brenden Bissett's initial shot struck the corner of the Indian goalpost. Thereafter it was all India as they dominated the entire opening half and created chances after chances but only to see them go abegging. The Indians got their first scoring chance in the 10th minute but Malak Singh's deflection from Pradeep Mor's cross from the right flank tantalisingly sailed past the Canadian goal. Malak was once again at the wrong end as two minutes later, from close range he failed to connect to Mandeep's high reverse shot. Missed chances were the order of the day for India. Six minutes later, it was Mor's turn to shot wide.
Read more: http://timesofindia.indiatimes.com/sports/hockey/top-stories/India-bring-campaign-back-on-track-by-beating-Canada-3-2/articleshow/27037214.cms

Sale of India's Power Grid gets bids for 6.7 times stock on offer

TOP END Most bids for Power Grid shares were at the top end of an indicative price range between 85 and 90 rupees, data from the stock exchanges showed, making the final price likely to be nearer 90 rupees. "The government got the pricing bang-on. There will always be takers for good companies which are reasonably priced," said Thunuguntla. Institutional investors, for whom the offer closed on Thursday, bid for 9 times the number of shares available to them, with bids from foreign investors reaching $2.7 billion, exchange data showed. Retail investors and employees, for whom the offer closed on Friday, bid for 2 times and 1.3 times the shares available to them respectively. These bidders will receive a 4.5 rupee-per-share discount on the allotment price. Most analysts recommended buying the shares because Power Grid has a track record of stable returns and a strong investment plans.
Read more: http://www.reuters.com/article/2013/12/06/india-powergrid-idUSL4N0JL1CF20131206?feedType=RSS&virtualBrandChannel=11563


IOC president: India could be kicked out of Olympics

ET SPECIAL: Save precious time tracking your investments India has contributed million dollar to the United Nations to help global efforts to ensure gender equality and empowerment of women. India's Permanent Representative to the UN Asoke Mukerji yesterday handed over a cheque of $1 million to Phumzile Mlambo-Ngcuka , Under Secretary General and Executive Director of UN Women. The contribution is the fourth instalment of India's multi-year pledge to provide five million dollars to UN Women (United Nations Entity for Gender Equality and the Empowerment of Women). Mukerji reaffirmed the India's steadfast commitment to the goals of gender equality, empowerment of women and gender mainstreaming, as enshrined in the mandate of UN Women. He also encouraged UN Women to focus on increasing the use of information and communication technology for empowerment of women. India was one of the founding members of the Executive Board of the UN Women.
Read more: http://economictimes.indiatimes.com/news/politics-and-nation/india-contributes-1-million-to-un-womens-body/articleshow/27026637.cms

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