Friday, September 24, 2010

“Russian Ruble to be Revalued” plus 7 more

“Russian Ruble to be Revalued” plus 7 more

Russian Ruble to be Revalued

Posted: 24 Sep 2010 11:03 AM PDT


It seems like no one wants to leave the Chinese alone when it comes to revaluing the yuan.

Here is some news that I am sure the Chinese would like to see spread all over the pages.

The Russians say their economy is not ready to introduce the idea of a ‘floating ruble’ yet because it involves:

1. economic risks

2. reevaluation (sounds like revaluation) of the states participation in the economy.

Russia’s Federal Financial Markets Service Head, Oleg Vyugin said, "we’re not ready."

People think the ruble rate is undervalued, he said. That statement could be put in any economic commentary about the Chinese yuan as well.

"No one knows the ‘fair’ market rate as only the market can determine that when the Central Bank did not interfere with trade," he said.

Yep, sounds like we are talking about China again.

Question: When should the market be allowed to determine what is fair?

When should a government, Russia, China or otherwise stop interfering?

What do you think?

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Belgium Based Helvoet Pharma Invested Rs 120 Crore In Plant At Pune

Posted: 24 Sep 2010 09:51 AM PDT


Helvoet Pharma is a Belgium based company and also the part of the Daetwyler Group. The company is going to set up its first green field production facility on Pune- Bangalore Highway, Company will have its very first plant in India, in setting up the plant near Pune, it has invested almost Rs. 120 crore.

In this green filed plant, the company will produce packaging component for parenteral pharmaceutical and diagnostic drugs and products manufactured in plant will be exported to European market and USA.

By 2012 the plant will become operational; the new facility will cater to local and global pharmaceutical industry with hundred employees at Pune plant. Paul J. Haelg, CEO of Daetwyler Group said that Helvoet Pharma's decision to start manufacturing plant in India has powered generic and branded pharmaceutical products.

Source – IBEF

About Guzaarish Movie, Trailer, And Star Cast

Posted: 24 Sep 2010 09:07 AM PDT


New Buzz in Bollywood about Hrithik Rohan and Aishwarya Rai starrer Guzaarish Movie is that movie is now ready for theaters. In Bollywood big names and big banners always attract the attention and Guzaarish has everything as leading roles are being played by big Bollywood starts Hrithik Roshan and Aishwayra Rai and the movie is being produced and directed by Sanjay Leela Bhansali therefore altogether Guzaarish is big movie with lots of hopes. Hrithik Roshan says that it was difficult role to play at same time it was easy to act. The movie will release on 19, November, 2010.

In this movie Hrithik Roshan is playing role of magician. It is also being said that the movie is copy of Spanish movie The Sea Inside. Hrithik Roshan and Aishwaya Rai have already come together in Zodha Akbar.

Source – Imagine18

The Singer Eddie Fisher Died In Berkeley On 22nd Sep

Posted: 24 Sep 2010 08:44 AM PDT


The singer Eddie Fisher died in Berkeley, California. Eddie fisher was going through the problem in hip and after the hip surgery the complications started. American singer was married to Connie Stevens and couple had had two daughters named as Joely Fisher and Tricia Leigh Fisher. Eddie Fisher did second marriage with Elizabeth Taylor and then married to Debbie Reynolds.

The singer born on August 10, 1928 and died on September 22, 2010, he was an American singer and also an entertainer the singer was world’s most famous and successful singers in 1950s. His records were selling in million, Eddie had also his own TV show.

Source – Buzzcatalog

Bank of China Predicts Consumer Price Index

Posted: 24 Sep 2010 07:02 AM PDT


The Bank of China is making predictions for the Consumer Price Index (CPI).

Inflation is forecast at 7.5% or higher for last month. High food prices and the worst snow disaster in decades are blamed.

For the first six months of this year – 5-7% inflation.

The last six months of this year – 3-4%.

For the year – 4.8%.

GDP is expected to grow at 10%, less than the 11.4% for last year.

Grain prices are up 10% over last year. 

Soybean, corn and wheat are up from 7.5% to 25%.

China's CPI was 4.8% last year, 6.9% in November. Inflation was an 11-year high in 2007.

In the meantime, the economy goes huummminggg along. 

source

Jamuna Devi Madhya Pradesh MP Dies At The Age Of 81

Posted: 24 Sep 2010 03:52 AM PDT


81 year old Member of Parliament of Madhya Pradesh, Jamuna Devi passed away today morning at 06:25. She was suffering with the stomach cancer.

Jamuna Devi was hospitalized since many days for the treatment of her disease but was shifted to the Intensive Care Unit (ICU) on Thursday. It is said that she was diagnosed with stomach cancer since many months.

She leaves behind her daughter and politician nephew Umang Singhar and a host of well wishers to mourn her loss.

Jamuna Devi was elected as the Deputy Chief Minister at the times when Digvijay Singh was leading the government. In the year 1952, she was elected for the Madhya Bharat Assembly. Jamuna Devi was also a Rajya Sabha member and a Minister during the Motilal Vora government.

She belonged to the socialist ideology and has enjoyed almost 60 years of public life.

Source: BC

Chinese Red Tape is Number One Reason For NOT Doing Business in China

Posted: 24 Sep 2010 03:01 AM PDT


150 in-depth interviews of CEOs, Communications Directors, corporate board members and other top officials at major companies throughout the US was conducted.

The following question was asked: What do you believe are the key advantages for a company to conduct business in China?

What are the key factors that interfere with your doing business in China? (More than one answer was possible)

6.  Corruption (15%) – maybe they meant the US on this one.

5.  Inadequate legal system (18%) – a lack of lawyers might actually be a good thing.

4.  Underdeveloped financial infrastructure – 18% – have to keep track of where the money goes

3.  Language barrier (19%)- shuo shenme?

2.  Cultural issues (21%) – can’t eat frog intestines

1.  Bureaucratic interference (32%) – not patient enough, don’t want to pay the bribe, don’t know which of 20 different offices to begin at.

If it were easy to do business in China, anyone would do it. Anything worthwhile is generally difficult to do.

Try telling any of the above reasons to an IBM, Google or Toyota.

I can think of one very good reason to go to China to do business. Because it can be done.

What do you think?

These survey results were taken from a poll conducted by the Committee of 100. 

The Committee of 100 is a national, nonpartisan organization composed of prominent American citizens of Chinese descent.  The members of this group pool their resources to address important issues that concern the Chinese/American community but, imho, more importantly foster better US-Greater China relations.

Recently, this group tasked the polling firm ZOGBY to conduct an extensive survey of American Attitudes Toward China. 

They polled the General Population (General Public) as well as Chinese Americans. Business leaders, Opinion leaders and Congressional staffers, subsets of the general public were also polled. 

In keeping with the Committee of 100 ideals I hope it will create discussion and be used to better understand U.S.-China relations and help those concerned to formulate recommendations on how to improve relationships between these two great countries. 

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Hyundai New i10 Launched In The Global Market

Posted: 24 Sep 2010 01:29 AM PDT


Hyundai, one of the major players in the car manufacturing market has launched Hyundai Gen i10 or New i10 in the Indian market as well as global market. The New i10 has been refined to a greater extent.

The changes are very distinct, the car now has 1.2 litre VTVT MPFI Kappa Petrol Engine which provides maximum power of 5500 rpm and 100 nm of maximum torque. The fuel efficiency of Hyundai Gen i10 has been raised up to 20.36 km per liter.

The car has been redesigned internally as well as externally and the changes are very visible. It gives a very sophisticated feel. The car has got brand new headlamps and tail lights.

The car has inbuilt superb attributes like air vent surrounds and air conditioner controls, digital fuel gauge and gear change indicator on the LCD screen. The New i10 has got keyless access to it with reverse parking sensors and Bluetooth.

With all the classy functions and looks the latest base i10 model is priced at just Rs 3.48 lakhs and the upper end model is priced at Rs 5.91 lakhs.

Source: IC-Tech

Posted by Suresh at 7:04 PM

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