Monthly archives: December, 2012

Tourist Arrival Goes up by Six Percent – Increase in Foreign Exchange Earnings

Despite negative signals from the global economy, the number of foreign tourist arrivals in the country in 2012 (up to November) showed an increase of about 6 % over the same period of 2011. During the period January- November 2012, 58.99 lakh tourists visited India against 55.72 lakh in 2011.Similarly foreign exchange earnings from tourismin rupee terms during  2012 ( …

Trends and Developments in Steel Sector

Steel Sector Trends India has become the 4th largest producer of crude steel in the world as against the 8th position in 2003 and is expected to become the 2nd largest producer of crude steel in the world by 2015. India continues to maintain its lead position as the world’s largest producer of Direct Reduced Iron (DRI) or …

2013: The year of the arrival of young India – Chawm Ganguly

An army of ignited minds, born in 1991 or thereabouts, brought up in post liberalization affluence are now adults. They did not learn, like we did, that India is a developing country, faced with resource crunches. Rationing, mixed economy, 5 year plans, non-aligned movement, license, permits, quotas and words that were the staple of our …

Multi level Marketers or Multifaceted talent who’s driving the Bengali Film Industry? – Chawm Ganguly

Bengali cinema is the toast of the season. Talented raconteurs have been hugely successful in attracting back the discerning audiences. Critical acclaim has been crowned with commercial successes. While budgets have soared to unthinkable levels on the one hand, low budget films too have done brisk businesses in the box office, ensuring that the industry …

Onex Completes Acquisition of KraussMaffei Group

(Munich, December 28, 2012) Onex Corporation (“Onex”) (TSX: OCX) today announced that it has completed the acquisition of KraussMaffei Group, a leading manufacturer of plastic and rubber processing equipment, for € 568 million. Onex Partners III invested $ 353 million, of which Onex’ share is about $ 89 million as a limited partner in the Fund.www.kraussmaffeigroup.com About KraussMaffei Group The …

AVG’s CEO and Chief Policy Officer Author New Book Wide Open Privacy: Strategies for the Digital Life

Groundbreaking book shows consumers how to play offense with their online identity, reputation, and personal brand AVG Technologies (NYSE: AVG), the provider of Internet and mobile security to 128 million active users, announces that its CEO JR Smith and AVG Chief Policy Officer Siobhan MacDermott have authored the book Wide Open Privacy: Strategies for the …

A-Z of 2012 in the business world – Umesh Shanmugam

A is for arithmetic – a skill that deserted two of our listed companies, retailer SuperGroup and taxi manufacturer Manganese Bronze. Both companies had to restate accounts after their numbers failed to add up; both companies saw their share price punished for their failings. Things weren’t so bad for SuperGroup but the wheels really came …

Ratan Tata farewell letter asks for dedication from staff, says difficult environment just a passing phase – Umesh Shanmugam

As he exits India’s leading business conglomerate, Tata group Chairman Ratan Tata today said India’s difficult economic environment will most likely continue in the next year but its growth will be reestablished after the present ‘passing phase’. Tata, who turned 75 today and retired after half-a-century run in the organisation, 21 years of it as …