Editor's Desk - FreePress India

Communist Party Manifesto for Elections on Indian Economy

March 28, 2009March 28, 2009 by Editor's Desk

We have carefully studid the Manifesto of the Communist Party for the forthcoming general elections. Here is there vision for steering the Indian Economy, Support for Enhanced State Intervention – Scrapping the FRBM (Fiscal Responsibility and Budget Management) Act, raising borrowing limits to allow for higher public expenditure; Increase annual Plan expenditure amounting to 10% … Read more Communist Party Manifesto for Elections on Indian Economy

Lipton Kiosks to Compete Coffee Day – Serve Ice-Creams too

March 27, 2009 by Editor's Desk

Hindustan Unilever Ltd (HUL) is planning to extend its out of home (OOH) business by establishing kiosks under its Lipton brand. The company plans to setup 50 kiosks at corporate parks, railway stations and airports. The new experiential kiosks would serve mocktails and health-oriented beverages from HUL’s beverage brands, unlike the usual vending machines. Beside … Read more Lipton Kiosks to Compete Coffee Day – Serve Ice-Creams too

Spencer’s Retail likely to post Rs 250 cr loss this fiscal

March 27, 2009 by Editor's Desk

Spencer’s Retail, belonging to the RPG Group, is expected to report a net loss of around Rs 250 crore for the current fiscal. However, analysts state that the company will be in a position to reduce its losses in the next fiscal. As part of its austerity measures, the company has decided to shut stores … Read more Spencer’s Retail likely to post Rs 250 cr loss this fiscal

TI Cycles launches Rs 2 lakh worth bicycle

March 26, 2009 by Editor's Desk

TI Cycles, a unit of Tube Investments of India promoted by the Murugappa Group, has launched a bicycle worth a whopping Rs 2 lakh. The cycle is 3 to 5 kilos lighter than existing cycles and each aspect of the cycle has been handcrafted and fitted with tubeless tyres equipped with cutting-edge technology in shock … Read more TI Cycles launches Rs 2 lakh worth bicycle

Any Bank – Any ATM card – Cash Widthdrawl for Free from April-1st

March 26, 2009 by Editor's Desk

No this is not an April Fool’s Joke. But w.r.t RBI/2007-2008/260 DPSS No.1405 / 02.10.02 / 2007-2008, Based on the feed back a framework of service charges would be implemented by all banks as under: For use of own ATMs for any purpose – Free (in effect) For use of other bank ATMs for balance … Read more Any Bank – Any ATM card – Cash Widthdrawl for Free from April-1st

Crompton Greaves – Avantha Power acquisition concerns

March 26, 2009March 26, 2009 by Editor's Desk

Management discussed the Avantha Power acquisition with analysts, presenting data points on its power projects that suggest valuation is reasonable. However, we are disappointed with the use of CG’s cash flows to fund a non-core promoter-owned business, as well as absence of early disclosure of the transaction. Poor Corporate Governance: In the past, management had … Read more Crompton Greaves – Avantha Power acquisition concerns