TNM

CCEA Allows Pepsi To Keep Stake In Bottling Arms

PepsicoThe Cabinet Committee on Economic Affairs (CCEA) has exempted PepsiCo from the divestment clause, paving a way for the infusion of $50-million (about Rs. 250 crore) foreign direct investment (FDI) from Pepsico Holdings to its Indian operations. The Union Government has already allowed 100% foreign direct investment (FDI) in the food processing sector.

Addressing reports, Union Science and Technology Minister, Kapil Sibal said, "When Pepsico India Holding first invested in India, guidelines for investment were different. The guidelines have changed now."

Hyundai, Honda Posted Positive Sales In Dec

HyundaiHondaAuto giants Hyundai and Honda reported positive growth in December due to selling vehicles at discounted prices and introducing new models. The recently announced excise duty cut on vehicles also helped to increase the vehicle sales of Hyundai, Honda Siel and SkodaAuto while other auto companies including Tata Motors and Mahindra & Mahindra (M&M) have continued to slide following the low demand. Mahindra & Mahindra posted 30 per cent decline in sales by selling 10,665 units in December as compared to 15,316 sold last year.

India Inc Hails Stimulus Package

India FlagIndian corporate sector hailed the recently announced second stimulus package by the Union Government of Friday. The steps taken by the government to ease liquidity and relaxation in credit borrowing norms would help to propel economy. However, India Inc demands more fiscal measures to remove stress on the economy and to sustain its adequate growth rate. Industry demanded speedy implementation of spending on infrastructure projects.

Government Announces Second Stimulus Package

Montek Singh AhluwaliaSince The Union Government has announced the second fiscal stimulus package on Friday to sustain the adequate growth rate. It contains measures to provide credit at low interest rates, higher public spending and easing liquidity and export import related concessions to propel the economic growth and mitigate the impact of global slowdown. The Reserve Bank has also announced key interest rate revision as a part of this fiscal package.

The Legend Of ‘King Khan’ Lives On!

The Legend Of ‘King Khan’ Lives On!It was love at first sight for both Bangalorian beauties Deepika Padukone and Anushka Sharma when they had watched Shahrukh Khan’s blockbuster Dilwale Dulhania Le Jayenge (DDLJ) in 1995.

Deepika as well as Anushka, who have always been passionate SRK admirer, were just school-goers when DDLJ released.

Both the model-turned-actresses have grown up watching almost all his films.

At that time, they didn’t think, even in their wildest dreams, that they would star opposite the megastar in their debut films.

Sensex Up By 54.76 Pts; Nifty Gains 13.30 Pts

Sensex Up By 54.76 Pts; Nifty Gains 13.30 Pts Expectations of another stimulus package by the government, hopes of further rate cuts by RBI and buying activity by FIIs (foreign institutional investors), helped the stock market recover losses of the previous week.

Indian equities gained in four out of the five trading sessions of the week, which ended on January 2, 2009.

On Friday, the 30-share-index opened positively but slipped into the red after a while as some of the blue chip stocks faced stiff resistance at higher levels.

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