| SPAIN: Small cars seen as key to India’s explosive market growth
Speaking at the IESE Business School's Automotive Sector conference in Barcelona, Kothari said that projections for rapid market growth in India reflected demographic and income trends. In addition, the market is also facing a lift from the arrival of a number of small low-cost cars - such as Tata's 1-lakh car - that will enable owners of two-wheelers to more easily upgrade to four wheels. Renault is also planning a sub-Logan '1-lakh fighter' that would be made in India with Bajaj Auto. The Indian light vehicle market could be approaching five million units a year by 2013 from under two million now, Kothari maintained. "And small cars are growing very strongly. By 2015 the market for small cars in India could be as much as three million units a year," he said.
Financial services under EU review
UK financial institutions could find it easier to penetrate European markets, under reforms promised yesterday by the EU Financial Services Commissioner Charlie McCreevy. He said making it easier to switch bank accounts and the creation of a scoreboard for more transparent car insurance premiums were among his priorities in the single market review now under way. The tying of insurance products to loans by financial institutions could also be outlawed by European regulations, McCreevy said. .
NASDAQ and the Tel Aviv Stock Exchange Host the 2nd Annual NASDAQ TASE Israeli Investor Conference in New York in ...
TEL AVIV, Israel and NEW YORK, Nov. 19, 2007 (PRIME NEWSWIRE) -- The NASDAQ Stock Market, Inc. (NASDAQ(r)) (NasdaqGS:NDAQ - News) and the Tel Aviv Stock Exchange will host their second joint Investor Conference in New York on November 27th, 2007 in association with CIBC World Markets, following the success of the 1st conference held last year. 194 investors have already signed up to participate. .
(AFX UK Focus) 2007-11-16 11:44 GMT: Northern Rock expects to receive 6-8 takeover proposals - report UPDATE
(Adds detail, background) LONDON (Thomson Financial) - Northern Rock PLC expects to receive between six and eight proposals to buy all or part of the struggling banking group by today's preliminary bid deadline, the Financial Times reported. The bank and its advisers Blackstone, Citigroup and Merrill Lynch have set today as the deadline for indicative proposals, with US buyout firm JC Flowers LLC, Sir Richard Branson's Virgin Group and hedge fund Cerberus Capital Management among those expected to bid for the entire bank. A fourth approach is expected from Olivant, the investment group led by former Abbey chief executive Luqman Arnold, which said this week that it intended to buy a stake in Northern Rock and work on stabilising the bank. Press reports have previously named US buyout firms Lone Star and Apollo as other potential acquirers of Northern Rock.
Nigeria: Life Insurance Requires Strategic Marketing - CRE Boss
Following government' efforts at ensuring that life business in this country is considerably enhanced coupled with the enactment of Pension Reform Act 2004, Managing Director of Continental Reinsurance Plc, Mr Adeyemo Adejumo, counseled insurance companies to adopt strategic marketing to turn life business around. Adejumo spoke at the ongoing 5-day seminar on Life and Pension organised by Continental Re at Gateway Hotel, Abeokuta, Ogun State. .
General Business News
GS1 UK, the independent global supply chain standards and solutions organisation, has launched the EPCglobal RFID Test Centre. Hosted by Intellident, the Centre is a GS1 UK service set up to help organisations understand and gain the business benefits that can be achieved from RFID which include cost savings, improved accuracy and increased efficiency. Organisations can interact with the latest technology in a real-world industrial setting and receive impartial advice on how RFID can be implemented in different application areas. The Centre can also be used by organisations to test how the technology works on their own products and assets and in environments similar to their own. The Centre's industrial environment facilitates practical experience that can be obtained from specific industry sector implementations.
Activist QVT buys into Northern Rock
The market value of Paragon, the UK specialist mortgage provider, nearly halved this morning as it emerged UBS was providing the company with emergency equity financing. The move comes a month after Financial News reported that the company could be forced to wind down its business or put itself up for sale. .
South Africa: The Tipping Point for Mobile is Near
With the development of technology such as the 3G card - the mobile success story of 2007 - providing consumers with increasing access to online, banking and other services, mobile communications is at a tipping point similar to that of the Internet a few years ago. This is according to the findings of the Mobility 2007 study released yesterday, Tuesday, 20 November 2007. The impact of mobile and wireless technology on South African corporations and SMEs is the subject of the now annual study by Arthur Goldstuck's World Wide Worx, sponsored by FNB. The rise of the 3G data card is probably one of the big stories of telecommunications in the corporate and SME environment in South Africa in 2007, it emerged. .
|
