2. Amway planning 2nd facility in India Amway is planning to set up its second manufacturing facility in India. It would help company to boost its sales and increase its product range in the country. It is a 100% subsidiary of US based Amway corp. and has witnessed 25%year on year growth it its revenue.
3. Cap goods stocks may ride on strong iip nos. Shares of capitals goods firms are likely to increase this week as industrial output for July exceeded estimates by a wide margin. The BSE capital goods index has risen a little over 2% compared with a 3% gain in the bellwether 30 share Sensex.
4. Hedge funds were very active in the Indian market, just before it peaked out in early 2008. IIP data have raised the possibility of the RBI raising benchmark interest rates in an attempt to control inflation, which has shown little signs of cooling so far.
5. Ford plans to launch 8 new vehicle, make India export hub Ford plans to launch 8 new models in India by mid decade. India’s auto market is fast growing. This is to make an export hub. Company MD michaelBorreham said the company has to be there in small car segment.
6. Ford has invested close to one billion dollars to expand its India operations. The company infused 500 million dollars in january2008 to grow vehicle manufacturing capacity in Chennai to produced 200,000 units per year.
7. Sensex hits MT 19k after 32 months Indian shares have entered a new bull market with a 20% gain from 2010 lows and so have other emerging market as investors from developed nations chase returns. This may continue as central banks keep interest rates of record lows. These rates are forcing investors to borrow at cheap prices and invest in emerging markets.
8. Since returns are higher than in developed nations, foreigners are flocking to most developing markets like India. Indian companies earnings growth will be sustained due to domestic demand where consumers don’t suffer from high debt, unlike economies in the west.
