Saturday, November 22, 2008

Dabur India buys into Fem Care Pharma

Dabur India informed the market that they had bought 72.15% stake in Fem Care Pharma for Rs 203.7 crore ,which will be paid in full cash , They want to use this as the platform to enter into skin care market.They still have to buy an addtional 20 percent stake in Fem care which is required by takeover regulations act of india.Fem care Pharma closed the market yesterday at 656 or so up by 13 rs.

Wednesday, November 19, 2008

Japan enters recession: official data

Japan's economy, the second largest in the world, slipped into recession in the third quarter as companies slashed investment to weather the financial crisis, official data showed Monday.
Japan's economy contracted by 0.1 percent in the three months to September, after shrinking 0.9 percent in the second quarter of the year, according to a preliminary estimate released by the Cabinet Office.
A recession is usually defined as two or more consecutive quarters of negative economic growth.

Germany Officially in a Recession

German gross domestic product (GDP) contracted by 0.5 percent in the third quarter, putting Europe's largest economy in recession for the first time in five years, Federal Statistics Office figures showed on Thursday.

The bigger than expected quarter-on-quarter drop in growth, adjusted for seasonal, calendar and price effects, was marked by a negative contribution from foreign trade as exports weakened. This more than offset a rise in private and public consumption.

The Office also revised up the second-quarter GDP figure to show a contraction of 0.4 percent, compared with 0.5 percent previously reported. The last time the economy shrank for two quarters was in the first half of 2003, the Office said.

The mid-range forecast of 40 economists polled by Reuters last week was for a quarterly contraction of 0.2 percent in the third quarter.

"A negative effect on gross domestic product came from foreign trade, with a strong increase in imports and weakening exports," the Office said.

On the year, German GDP increased by 1.3 percent in the third quarter after annual growth of 3.3 percent in the April-June period, the figures showed.

Adjusted for working days, GDP expanded by 0.8 percent on the year. There was one more working day in the third quarter of 2008 than in the same period in 2007.

The Office is due to publish a breakdown of the third-quarter GDP figures on Nov. 25.

Maruti Suzuki Launches A-Star

Maruti Suzuki Launches A-star today. November and December is normally tough time for Auto industry. Maruti Suzuki has released A-Star in order to win some customers in a slowing down market.
Maruti A-Star goes head to head with Huyindai’s i-10. First impression is the interior is kind of good in Hyundai i-10 but the exterior is kind of good in Maruti A-Star, let it run on the road we can see more about it.