plus 3, New Research Report: India Autos Report Q1 2010 - PR Inside |
- New Research Report: India Autos Report Q1 2010 - PR Inside
- Progressive Launches Mobile Web Site - PR Inside
- IMF Says India Can Raise Rates Gradually as ‘Conditions Ripe’ - BusinessWeek
- ADP Solution Suite Making Workforce Management Easier for Clients - MSN Money
| New Research Report: India Autos Report Q1 2010 - PR Inside Posted: 04 Feb 2010 07:23 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. 2010-02-04 16:26:24 - Fast Market Research recommends "India Autos Report Q1 2010" from Business Monitor International, now available
An uptick in vehicle sales in March ensured that sales growth remained positive in FY09. BMI examines how tax cuts on passenger cars, and a scheme to encourage the purchase of new buses for public transport, helped to increase sales in the last fiscal quarter. This resulted in the market (including two- and three-wheel vehicles) achieving growth of 0.71% y-o-y. The Society of Indian Automobile Manufacturers (SIAM) has reported that without these government measures, passenger car sales numbers would have finished the year flat or down by around 3% while commercial vehicle sales figures would have fallen by 30-40%. In fact, car sales were up by 1.31% and the commercial vehicle segment contracted by 21.7%. The two-wheel segment grew by 2.6% as restricted credit availability turned some consumers away from cars altogether. As a result, both the passenger car and commercial vehicle segments are continuing to secure investment. With the market having improved over 4M09, Toyota Kirloskar Motor (TKM) now intends to raise output to 3,800 units per month from May. By July, the plant will reach its full capacity of 5,000 monthly units as it plans to launch its new small car. TKM has said that this will fall into the B+ 'premium compact' segment, competing with Maruti Suzuki's Swift and Škoda Auto's Fabia. Meanwhile, Germany's Daimler Trucks has agreed to buy out its Indian JV partner Hero Group and go ahead with truck production in Chennai. As a result of the global financial slowdown, Hero is concentrating on its core motorcycle business, leaving Daimler to take over its 40% stake at a cost of around INR1.06bn (US$21.09mn). Labour tensions at Hyundai India's plant, however, highlight the negative aspects of the Indian market as reflected in BMI's Business Environment Ratings. India shares the same pros and cons as China, ranking highly in terms of high production and sales growth potential, but with a low score for country structure, again caused by a large gap between wealthy urban and poorer rural areas, which acts as a restriction on future penetration rates. However, the country's regulatory environment rating is bolstered by the government's efforts to encourage 'green' motoring, as well as a number of FTAs. Maruti Suzuki continues to dominate the passenger car market with a share of over 52%. Its annual sales of 722,184 are well beyond the reach of its nearest competitor. Hyundai follows with a 15.7% share, slightly down from FY08. This held national manufacturer Tata Motors back in third place, with 12.9% from sales of 200,159 units, a 19.8% increase from the previous fiscal year. Mahindra and Mahindra, meanwhile, increased its share of the utility vehicle segment to 57%.
For more information or to purchase this report, go to: About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010 About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Progressive Launches Mobile Web Site - PR Inside Posted: 04 Feb 2010 06:19 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. 2010-02-04 15:19:02 -
Nearly a third of mobile phone owners browse the mobile Web at least once a month, but most mobile Web sites fall short of delivering the best experience, according to connectivity consulting firm Yankee Group. With that in mind, the Progressive car insurance :  , now available for download : in the App Store.By providing both a mobile Web site and an iPhone app, Progressive hopes to make insurance easier and more convenient for a broad range of mobile users, including those with iPhones as well as people who access the mobile Internet through one of the hundreds of other Web-enabled handsets on the market. Many features of the iPhone app and mobile site are useful regardless of whether a person is insured by Progressive. Others are designed to make it easier for Progressive customers to manage their insurance. On both the iPhone app and the mobile Web site, people can. - See crash test results and recall notices For claims reporting, the Progressive iPhone app sends the information directly to Progressive where a claims representative gets to work on it right away. This is different from apps that gather information that a customer later has to report to their insurance company. QuotesMatthew Lehman, Progressive Web Experience Director"Our research shows us that Progressive customers are more likely than the general population to have smart phones and are significantly more likely to use those phones for financial transactions, including paying insurance bills. In short, our customers expect to interact with us not only from their PCs, but increasingly from their phones as well. Our mobile Web site and iPhone app are designed to give our customers and potential customers the access and convenience they want." About ProgressiveThe Progressive Group of Insurance Companies, in business since 1937, is one of the country's largest auto insurance groups, the largest seller of motorcycle and personal watercraft policies, and a market leader in commercial auto insurance based on premiums written. Progressive is committed to becoming consumers' #1 choice for auto insurance by providing competitive rates and innovative products and services that meet drivers' needs throughout their lifetimes, including superior online and in-person customer service, and best-in-class, 24-hour claims service, such as its concierge level of claims service available at service centers located in major metropolitan areas throughout the United States. Progressive companies offer consumers choices in how to shop for, buy and manage their auto insurance policies. Progressive offers its products, including personal and commercial auto, motorcycle, boat and recreational vehicle insurance, through more than 30,000 independent insurance agencies throughout the U.S. and online and by phone directly from the Company. Private passenger auto products and prices are different when purchased directly from Progressive or through independent agencies. To find an agent or to get a quote, go to www.progressive.com : The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, are publicly traded at (NYSE:PGR). Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| IMF Says India Can Raise Rates Gradually as ‘Conditions Ripe’ - BusinessWeek Posted: 04 Feb 2010 06:11 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it.
February 04, 2010, 09:24 AM EST
By Kartik Goyal Feb. 4 (Bloomberg) -- India can gradually start raising interest rates as Asia's third-largest economy is among the first to recover after the global financial crisis, the International Monetary Fund said. "The conditions are ripe for a progressive normalization of the monetary stance," the IMF said in a report on its Web site. "India's economy is one of the first in the world to recover" and the central bank should take "a gradual approach to ensure the recovery reaches its full potential." The steepest interest-rate cuts in eight years between October 2008 and April 2009 and stimulus worth 12 percent of gross domestic product helped the $1.2 trillion economy weather last year's global recession. Central bank Governor Duvvuri Subbarao on Jan. 29 told lenders to set aside more cash as reserves, signaling tighter credit, as growth accelerated and inflation raced to a 13-month high. The IMF forecasts India's GDP will increase 8 percent in the year starting April 1, from 6.75 percent, and cautioned a widening budget deficit "could put breaks on the recovery." Fitch Ratings this week said it would be "encouraged" to downgrade should there be any further slippage in targets and maintained India's foreign- and local-currency rating at BBB-, its lowest investment grade. Rising Demand India's economy expanded 7.9 percent in the three months to Sept. 30, the fastest pace in 18 months and in line with China among the major emerging economies. Finance Minister Pranab Mukherjee in December forecast growth of about 8 percent for the current financial year. "As growth picks up and becomes more broad-based, we do believe that it's time to unwind" fiscal stimulus measures, Kalpana Kochhar, a Washington-based deputy director at the IMF, said in a conference call today. Recent data indicate that demand is gaining traction as companies including Bajaj Auto Ltd., the nation's second-largest motorcycle maker, and Tata Motors Ltd., the country's biggest maker of trucks and buses, reported sales growth of more than 70 percent in January. India's manufacturing output as measured by an index compiled by HSBC Holdings Plc and Markit Economics' rose to 57.6 last month, the highest in 17 months and overseas sales of goods rose for the second straight month after a yearlong decline. "Prompt fiscal and monetary easing, combined with the fiscal stimulus already in the pipeline and the return of risk appetite in financial markets, have brought growth close to pre- crisis-level," the fund said in the report. Bright Prospects India's medium-term growth prospects remain bright, mainly reliant on domestic drivers, the IMF said. "India's rapid recovery has brought fiscal and monetary policy trade-offs to a head earlier than in other countries," it said. The Reserve Bank of India on Jan. 29 raised the cash reserve ratio, the proportion of deposits banks are required to set aside as reserves, by 0.75 percentage points to 5.75 and said the recent data confirms "the assessment that economy is steadily gaining momentum." "Given the long transmission lags and the low policy rates," the Reserve Bank should adopt a "timely start of the withdrawal of monetary stimulus, which would help anchor inflation expectations and soften the impact on long-term interest rates," the IMF said. Food inflation accelerated for a second week to a near 11- year high. An index measuring wholesale prices of lentils, rice, vegetables and other food articles compiled by the commerce ministry increased 17.56 percent in the week to Jan. 23 from a year earlier, a separate government report showed today. The rupee can be used "with caution" as a tool to stem inflation, the IMF said. "We believe that the economy is in a fast recovery mode and that the RBI will need to start lifting policy rates toward normalized levels," as inflation surges, said Chetan Ahya, a Singapore-based economist at Morgan Stanley, which today revised its economic growth estimate for the year starting April 1 to 8.5 percent from an earlier forecast of 8 percent.
--Editors: Sam Nagarajan, Abhay Singh To contact the reporter on this story: Kartik Goyal in New Delhi at +91-11-4179 2030 or kgoyal@bloomberg.net To contact the editor responsible for this story: Christopher Anstey at +81-3-3201-2079 or canstey@bloomberg.net %INR RBI IN <Equity> CN INWHPRIY <Index> CN INWHOLEY <Index> CN BJAUT IN <Equity> CN TTMT IN <Equity> CN Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| ADP Solution Suite Making Workforce Management Easier for Clients - MSN Money Posted: 04 Feb 2010 05:28 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. ADP ®, a leading provider of HR, payroll and benefits administration services, announced today that more than 500 organizations within its large employer client base (1,000 or more employees) are now using ADP Reporting to improve workforce planning to maximize management of HR, payroll and benefits functions. Large organizations have unique business requirements, including the need for comprehensive and seamless solutions that maximize efficiencies and ease administrative burdens. ADP Reporting is an easy-to-use Web-based solution that allows users to create reports through a simple user interface. This robust solution gives organizations a seamless user experience to efficiently pull data from multiple ADP solutions, including payroll, HR and benefits. "ADP's reporting solution allows our organization to run complex data analytics quickly and efficiently for multiple solutions," said Stan Chambers, Director, Shared Services Payroll Office, Thermo Fisher Scientific. "Comprehensive reporting helps us evaluate our data from multiple angles, evaluate trends and make strategic business decisions." This comprehensive reporting solution enables clients to utilize accurate and current HR data, which enables clients to be as effective as possible and helps HR practitioners measure success against strategic business initiatives. Because ADP's reporting solution is easy-to-use and flexible, it can address the reporting business needs of clients quickly and efficiently. Additional benefits include: -- Accurate and timely data that provides information for HR practitioners to benchmark success, track results and make decisions that align with organizational goals. A few examples of metrics this data may allow users to easily track are turn over by function, Equal Employment Opportunity (EEO) status, cost of turnover, cost of hire, time to fill, etc. -- A unified user interface that is easy-to-use and navigate enables clients to gather information needed to run reports in a timely manner. -- On-demand access so practitioners can get the data they need, when they need it and in the format in which they need it. -- Streamlined data collection with automatic report distribution -- clients can define report schedules, output preferences and internal delivery destination, streamlining the user experience. ADP is uniquely able to deliver the levels of integration that provide a better user experience, data flow, and easy access to the reporting information organizations need to maintain visibility and flexibility across the employee lifecycle. "ADP's 60-year history is founded on providing world class service to our clients coupled with solutions that help improve their HR experience," said Kris Borkovich, Senior Vice President, ADP National Account Services. "Our integrated reporting solution is specifically designed to meet the reporting needs of large organizations, including giving clients the ability to collect, evaluate and benchmark key HR data needed to make strategic business decisions." About ADP Automatic Data Processing, Inc. (NASDAQ: ADP), with nearly $9 billion in revenue and about 570,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging 60 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.ADP.com. For more information, contact: Kelly Shanley (973) 974-7612 public_relations@adp.com Zach Siegel Cohn & Wolfe for ADP (212) 798-9859 zach.siegel@cohnwolfe.com © MarketWire2010 Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. This posting includes an audio/video/photo media file: Download Now |
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