Henry's Feed
Jan 3, 2012

Global carmakers to go greener, bigger at India auto show

MUMBAI, Jan 3 (Reuters) – Fuel-efficient cars and a
slew of new SUV models will be unveiled at India’s Auto Expo
later this week as global carmakers continue to rev up their
activity in one of the world’s few growth engines despite a
recent slowdown in sales.

Around 50 new models will be presented to hundreds of
delegates and half a million visitors as carmakers look to move
on from a year of sluggish sales due to high interest rates and
rising costs and fuel prices in Asia’s third-largest economy.

Dec 19, 2011

BSE Sensex falls to lowest close since Aug 2009

MUMBAI (Reuters) – The BSE Sensex fell 0.72 percent on Monday to its lowest close since August 2009, as investors continued last week’s selloff on mounting concerns over slowing growth in Asia’s third-largest economy amid lingering global economic uncertainty.

Banking stocks were the top losers, with many lenders hitting more than two-year lows due to lower-than-expected advance tax payments and the potential impact of a possible sovereign rating downgrade of European countries that may compound the continent’s protracted sovereign debt crisis.

Dec 5, 2011

Foreign retail doubts hit investor sentiment

MUMBAI (Reuters) – Shares in retail firms fell and the country’s business community rounded on the government on Monday after the ruling Congress party appeared to have put on hold plans to open up the country’s $450 billion retail industry to foreign supermarkets.

The beleaguered government paused its much-trumpeted plans to open up the sector, a senior government source said on Sunday, as Prime Minister Manmohan Singh fought to retain the support of his party’s allies amid a cacophony of dissent.

Dec 5, 2011

India foreign retail doubts hit investor sentiment

MUMBAI, Dec 5 (Reuters) – Shares in Indian retail
firms fell and the country’s business community rounded on the
government on Monday after the ruling Congress party appeared to
have put on hold plans to open up the country’s $450 billion
retail industry to foreign supermarkets.

The beleaguered government paused its much-trumpeted plans
to open up the sector, a senior government source said on
Sunday, as Prime Minister Manmohan Singh fought to retain the
support of his party’s allies amid a cacophony of dissent.
[ID:nL3E7N507M]

Dec 5, 2011

Fickle India govt puts foreign supermarkets “on pause”

MUMBAI, Dec 4 (Reuters) – India has put a plan to open
up its retail industry to foreign supermarkets on hold, a senior
government source said on Sunday, an embarrassing turnaround for
a beleaguered government fighting to retain the support of key
allies.

The move to allow global giants such as Wal-Mart
into India’s $450 billion retail market, the first major
economic reform since Prime Minister Manmohan Singh’s
graft-riddled term began in 2009, has been met with fierce
opposition from some who say it will destroy the livelihood of
millions of small traders.

Dec 4, 2011

Exclusive: India government puts foreign supermarkets “on pause”

MUMBAI (Reuters) – India has put a plan to open up its retail industry to foreign supermarkets on hold, a senior government source said on Sunday, an embarrassing turnaround for a beleaguered government fighting to retain the support of key allies.

The move to allow global giants such as Wal-Mart (WMT.N: Quote, Profile, Research, Stock Buzz) into India’s $450 billion retail market, the first major economic reform since Prime Minister Manmohan Singh’s graft-riddled term began in 2009, has been met with fierce opposition from some who say it will destroy the livelihood of millions of small traders.

Dec 4, 2011

India puts foreign supermarket plan “on pause”

MUMBAI (Reuters) – The government has put a plan to open up India’s retail industry to foreign supermarkets on hold, a senior government source said on Sunday, postponing the landmark reform as it fights to retain the support of key allies.

The move to allow global giants such as Wal-Mart (WMT.N: Quote, Profile, Research) into India’s $450 billion retail market, the first major economic reform since Prime Minister Manmohan Singh’s graft-riddled term began in 2009, has been met with fierce opposition from some who say it will destroy the livelihood of millions of small traders.

Dec 3, 2011

India government ally says foreign supermarket plan on hold

MUMBAI (Reuters) – India’s government will put a plan to open up its retail industry to foreign supermarkets on hold until it reaches consensus within the coalition, risking a possible dilution of the policy rather than a change of heart.

The decision to allow global giants such as Wal-Mart (WMT.N: Quote, Profile, Research) into India’s $450 billion (288 billion pounds) retail market, the first major economic reform since Prime Minister Manmohan Singh’s graft-riddled term began in 2009, has been met with fierce opposition from some parties who say it will destroy the livelihood of millions of small traders.

Dec 3, 2011

India govt ally says foreign supermarket plan on hold

MUMBAI, Dec 3 (Reuters) – India’s government will put
a plan to open up its retail industry to foreign supermarkets on
hold until it reaches consensus on the issue within the
coalition, the leader of the ruling Congress party’s biggest
ally said on Saturday.

A decision to allow global giants such as Wal-Mart
into India’s $450 billion retail market, the first major
economic reform since Singh’s graft-riddled term began in 2009,
has been met with fierce opposition from parties who say it will
destroy the livelihood of millions of small traders.

Dec 3, 2011

Govt “fooling country” over foreign supermarkets

MUMBAI (Reuters) – The government is fooling the country about the benefits of foreign supermarkets, an opposition leader said on Saturday, bolstering resistance to the reform agenda of beleaguered Prime Minister Manmohan Singh.

A decision to allow global giants such as Wal-Mart (WMT.N: Quote, Profile, Research) into India’s $450 billion retail market, the first major economic reform since Singh’s graft-riddled term began in 2009, has been met with fierce opposition from parties who say it will destroy the livelihoods of millions of small traders.