Posts tagged ‘India’

05/02/2014

Scooter boom: Young women find gusto on India’s roads | Reuters

\’Plush pink\’ and \’burgundy bliss\’ scooters are the new buzz on India\’s roads, even as the rest of the autos market is sputtering amid an economic slowdown.

Honda Jazz scooter

Honda Jazz scooter (Photo credit: Wikipedia)

The scooters go by names such as \”Pleasure\”, but marketing aside, this new fleet of women-friendly bikes reflects a deeper change in attitude and society in India, and has captured the attention of foreign manufacturers such as Japan\’s Honda Motor Co Ltd and Yamaha Motor.

Young, well-heeled and independent-minded women, who are also conscious of the perils of using public transport, are helping to propel a boom in sales of scooters.

The rising popularity of the scooter comes at a time of nationwide protests against the prevalence of rape and sexual assault in India. In one case, a young female student died after she was gang-raped on a bus in Delhi.

Weighing convenience as well as safety, some young women, and their parents, see the scooter as the best solution for commuting to work, going to college or simply going out to meet friends.

Scooter sales were up nearly 20 percent in the nine months through December, according to Society of Indian Automobile Manufacturers data, easily outpacing the 2.5 percent sales growth of full-size motorcycles. Sales of cars, trucks and buses all fell.

Still, scooters accounted for only 20 percent of India\’s 14 million-unit two-wheeler market in the last financial year. Two wheelers are the most common mode of transport for millions of middle-class Indians.

Both Honda and Yamaha have identified the growth potential in scooters, and are building models designed for women and adding new plants to keep up with demand.

\”College-going girls and working women are really creating this demand-wave in the scooter segment,\” said Abdul Majeed, a partner at PricewaterhouseCoopers India.

\”Housewives are also using scooters to drop (off) kids and buy vegetables,\” Majeed said, adding that he expects strong sales growth to continue and for companies to launch more scooters geared towards women.

Yamaha launched its first Indian scooter designed for women, the Ray, in 2012. The bike sells for around about 47,000 rupees ($750) and comes in colors such as \’starry white\’, \’plush pink\’ and \’burgundy bliss\’. About 70 percent of the women who buy it for themselves are under 30, the company says.

\”They don\’t want to trouble their parents or brothers. They want personal mobility,\” said Roy Kurian, vice president of marketing and sales at Yamaha in India. \”If a guy had to ride then he would have gone for a motorcycle,\” he said.

via Scooter boom: Young women find gusto on India’s roads | Reuters.

Enhanced by Zemanta
04/02/2014

Microsoft Names Satya Nadella as CEO – India Real Time – WSJ

Microsoft Corp. has named company veteran Satya Nadella as its next chief executive, an appointment that comes as the software giant faces competition across all fronts of its business.

The company also said founder Bill Gates, who previously was chairman, moves to a new role on the board as technology adviser and will devote more time to the company, supporting Mr. Nadella in shaping technology and product direction. John Thompson, who was formerly the lead director, will become chairman.

Mr. Nadella’s naming to the post, effective immediately, makes him the third CEO since the Redmond, Wash., company was founded in 1975. He succeeds Steve Ballmer, who in August announced his plans to retire. Mr. Ballmer was originally handed the reins in 2000 when founder and college friend Bill Gates stepped aside after 25 years.

The appointment of Mr. Nadella, who is 46 years old and leads the Microsoft division that makes technology to run corporate computer servers and other back-end technology, will be considered a safe choice. He has signaled a desire for continuity, telling directors that, as CEO, he hopes to lean on Mr. Gates, according to several people familiar with the matter. Little in Mr. Nadella’s public history at Microsoft suggests he will break from the company’s pattern as a fast follower, rather than a trend setter.

via Microsoft Names Satya Nadella as CEO – India Real Time – WSJ.

Enhanced by Zemanta
04/02/2014

Global carmakers see small sedans as next hot market in India | Reuters

F.N) and Hyundai Motor Co (005380.KS) will showcase compact sedans at India\’s largest auto show this week, targeting what they think could be the next hot market in a country long dominated by ultra-cheap hatchbacks.

A Ford 2015 F-150 truck is seen outside the New York Stock Exchange in the Manhattan borough of New York, January 13, 2014. REUTERS/Lucas Jackson

Global carmakers are still banking on emerging economies including India, the world\’s sixth biggest auto market by volume, to drive long-term growth despite a recent slowing in demand. Industry-wide sales in India are headed for a second straight annual decline in the fiscal year that ends in March.

Hyundai, the biggest foreign carmaker in India, will next month roll out its Xcent compact sedan, which is under four meters and thus taxed less heavily than longer cars in India, executives said at the car\’s global unveiling on Tuesday.

The car will be on display at this week\’s auto show in the outskirts of New Delhi, which opens to the public on Friday.

via Global carmakers see small sedans as next hot market in India | Reuters.

Enhanced by Zemanta
02/02/2014

India vs. the U.S.: When Central Bankers Collide – Businessweek

Central banking isn’t a contact sport like football, or even cricket. But the head of India’s central bank, who until recently was living and working in the U.S., is throwing some sharp elbows at his counterparts at the Federal Reserve. This is as close to a brawl as you’re likely to see in the genteel world of official monetary policy.

Governor of the Reserve Bank of India Raghuram Rajan in Mumbai on Jan. 30

In an appearance on Bloomberg TV India yesterday that made headlines around the world, Reserve Bank of India Governor Raghuram Rajan said “international monetary cooperation has broken down.” Lest there be any confusion about what caused the breakdown, Rajan said, “Industrial countries have to play a part in restoring that, and they can’t at this point wash their hands off and say, ‘We’ll do what we need to and you do the adjustment.’”

Rajan’s reference to “industrial countries” pertains mostly to the U.S., where the Federal Reserve announced yesterday that it would further taper its bond-buying. The Fed’s move puts upward pressure on U.S. interest rates. That in turn leads investors to snatch their money out of countries like India and put it in U.S. securities that suddenly offer more attractive yields. The result: downward pressure on India’s currency, the rupee. When the rupee falls, Indian imports get more expensive. That makes Indians poorer and raises the inflation rate, which is already running at around 10 percent a year.

via India vs. the U.S.: When Central Bankers Collide – Businessweek.

Enhanced by Zemanta
01/02/2014

* India, Japan to cooperate in energy, telecoms – Businessweek

India and Japan have signed agreements on cooperation in the energy and telecom sectors during Japanese Prime Minister Shinzo Abe\’s visit to New Delhi.

Indian Prime Minister Manmohan Singh held talks with Abe on Saturday and said India was taking steps to facilitate Japan\’s links with India\’s growing economy.

Singh said that India also was discussing with Japan the possibility of buying an amphibian aircraft called the US-2 and its co-production in India. \”More broadly, we are working toward increasing our cooperation in the area of advanced technologies.\”

The two agreed to hold regular consultations between their national security councils on security issues. India invited Japan\’s Maritime Self-Defense Force to participate in this year\’s India-U.S. naval exercises off India\’s western coast, according to a joint statement issued after the official talks.

The Indo-U.S. exercises, launched in 2006, include air operations and sea control missions aimed at preventing piracy and countering terrorism at sea.

Abe arrived in New Delhi on Saturday for a three-day visit. He was the chief guest at India\’s Republic Day celebrations on Sunday.

via India, Japan to cooperate in energy, telecoms – Businessweek.

Enhanced by Zemanta
01/02/2014

UPDATE 5-U.S. FAA downgrades India aviation rating; Air India, Jet hit | Reuters

U.S. authorities have downgraded India\’s aviation safety rating, citing a lack of safety oversight, meaning the country\’s carriers cannot increase flights to the world\’s biggest aviation market and face extra checks for existing ones.

Seal of the United States Federal Aviation Adm...

India said it expected to resolve by March all concerns raised by the U.S. Federal Aviation Administration, including appointing an adequate number of flight operation inspectors, and would ask the U.S. regulator to review its decision.

\”The FAA has determined that India at this time is not in compliance with the international standards for aviation safety oversight,\” the U.S. regulator said in extracts from a communication released by the Indian government on Friday.

via UPDATE 5-U.S. FAA downgrades India aviation rating; Air India, Jet hit | Reuters.

Enhanced by Zemanta
01/02/2014

BBC News – Why Mahatma Gandhi is becoming popular in China

For the first time, Indian independence hero Mahatma Gandhi\’s own story of his life is to be available in China.

Mahatma Gandhi

The Story of My Experiments With Truth, which has sold more than 200,000 copies in India alone and has been translated in to some 35 languages, will now be translated in Mandarin to cater to what Chinese scholars say is the \”growing interest\” in the leader in their country.

Five volumes of Gandhi\’s selected works containing his writings on satyagraha [people\’s movement], religion, politics and speeches, will also be translated into Mandarin.

\”Gandhi\’s works have largely not been available in Russia and China so far. We are really excited with the growing interest about his writings in China,\” said Vivek Desai of the Ahmadabad-based Navajivan Trust, the 84-year-old publishing house founded by Gandhi which has published more than 300 volumes of the leader\’s works.

Surge of interest

Dr Huang Yinghong of Guangzhou-based Sun Yat-Sen University said he and a team of academics would translate and publish Gandhi\’s works in China. Over 80 of the leader\’s speeches will also be translated.

\”A lot of people, especially the young, in China are interested about Gandhi\’s work but unable to find anything in the local language,\” he said, adding that he planned to launch the five volumes of translated works by the end of the year.

What is driving the surge of interest in the works of the independence hero in China?

\”Gandhi\’s non-co-operation movement [against British rule] in 1920 and his ability to mobilise people had caught the attention of Chinese rulers,\” says Prof Shang Quanyu, who teaches at the foreign studies department of South China Normal University in Guangzhou and has been researching Gandhi.

\”Until 1950, 27 books and hundreds of articles on Gandhi and his ideas where published here. He was described as the Rousseau and Tolstoy of India.\”

via BBC News – Why Mahatma Gandhi is becoming popular in China.

Enhanced by Zemanta
28/01/2014

REFILE-India close to buying Japan-made military aircraft in $1.65 bln deal | Reuters

India is set to become the first country since World War Two to buy a military aircraft from Japan, helping Prime Minister Shinzo Abe end a ban on weapons exports that has kept his country\’s defence contractors out of foreign markets.

The two countries are in broad agreement on a deal for the ShinMaywa Industries amphibious aircraft, which could amount to as much as $1.65 billion, Indian officials said on Tuesday.

However, several details need to be worked out and negotiations will resume in March on joint production of the plane in India and other issues.

New Delhi is likely to buy at least 15 of the planes, which are priced at about $110 million each, the Officials said.

\”Its a strategic imperative for both sides, and it has been cleared at the highest levels of the two governments,\” said an Indian military source.

For the moment, a stripped-down civilian version of the US-2i search and rescue plane is being offered to India, to get around Japan\’s self-imposed ban on arms exports. A friend or foe identification system will be removed from the aircraft, another defence official said.

via REFILE-India close to buying Japan-made military aircraft in $1.65 bln deal | Reuters.

Enhanced by Zemanta
27/01/2014

UPDATE 1-India lifts ban on Airbus A380s, foreign carriers interested | Reuters

India lifted a landing ban on Airbus A380s on Monday, enabling carriers such as Singapore Airlines and Emirates to fly their superjumbos into the world\’s second-most populous nation.

English: Singapore Airbus A380 Français : Un a...

English: Singapore Airbus A380 Français : Un airbus A380 de la compagnie Singapore Airlines. (Photo credit: Wikipedia)

A380s will be allowed to land at the country\’s four main airports – New Delhi, Mumbai, Bangalore and Hyderabad – which are equipped to handle the planes, a decision welcomed by foreign carriers looking to tap India\’s fast growing air travel sector.

\”The operation of A380s will help airports to generate more revenue, give more comfortable and luxurious travel to passengers, (and will) liberalise the civil aviation milieu in India,\” the civil aviation ministry said in a statement.

The ban on A380s was imposed due to concerns that foreign airlines could grab a high share of international traffic, hurting state-run Air India.

via UPDATE 1-India lifts ban on Airbus A380s, foreign carriers interested | Reuters.

Enhanced by Zemanta
Law of Unintended Consequences

continuously updated blog about China & India

ChiaHou's Book Reviews

continuously updated blog about China & India

What's wrong with the world; and its economy

continuously updated blog about China & India