Yamaha unveils
SZ, SZ-X, YBR 125
Excelsior
Correspondent
JAMMU, Sept 29: In a bid to
give Indian masses the Yamaha
edge of quality, Royal Yamaha
today unveiled its three new
bikes SZ, SZ-X and YBR 125.
Anil
K Soporee, Regional Business
Head, Punjab while speaking on
the occasion said that all the
three bikes have been designed
with a strong focus on quality
and performance saying that these
have ideal combinations of power,
comfort and style.
SZ
and SZ-X is an all new 4-stroke
air cooled, SOHC single cylinder
with 153 cc engine.
The
bikes are equipped with A1 System
and a large capacity muffler with
catalyzer for cleaner exhaust.
SZ-X
is also equipped with some of the
finest technologies like electric
starter and a windscreen to cut
inward air swirl.
YBR
is equipped with 123 cc engine
and 4-Speed gear box and is
available in three colours-red,
black and black-red.
SZ
will be available in two colours-
black and white whereas SZ-X in
three colours namely black, red
and grey metallic.
SZ
and SZ-X will be available at
Ex-showroom prize (Jammu) of Rs
49,590 and Rs 52,620 while YBR
125 will be available at an
Ex-showroom prize (Jammu) of Rs
47, 570.
RBI organizes
awareness prog at Aghar Jitto
Excelsior
Correspondent
JAMMU, Sept
29: As a part
of financial inclusion and
awareness drive throughtout the
country, RBI Jammu regional
center organized a programme at
Aghar Jitto in district Reasi
today.
Arnab
Roy, RBI Regional Director for
J&K presided over the
programme while several other
officials of the Bank were
present on the occasion. A large
number of people and bank
customers of the area attended
it. Speaking on the occasion Mr
Roy stated that Platinum Jubilee
year 2009-10, of the RBI was
celebrated in different ways but
the most enduring part was the
outreach programmes in the far
flung areas. The aim is to deepen
the penetration of the financial
inclusion in mostly unbanked
areas and increase growth.
The
RD said that Aghar Jitto was one
of the three model villages
chosen by the RBI for outreach
activities in the State for 100
per cent financial inclusion
during current financial year by
using Information Communication
Technology for issuance of smart
cards through Banking
Correspondent model. He also
distributed smart cards issued by
J&K Bank and witnessed the
activation through smart cards
not only for common villagers but
also for NREGA beneficiaries. A
counter for exchange of soiled
and mutilated notes and issuance
of fresh currency notes and coins
was also set up.
Mr
Roy also inaugurated Khidmat
Centre set up by J&K Bank in
the village.
Oriental
Insurance to launch two
new health
products: Kaul
NAGPUR, Sept 29: The
Oriental Insurance Company has
plans to roll out two new health
insurance products by the end of
current fiscal year, a top
company official has said.
The
premier insurance company has
achieved a premium income to the
tune of Rs 4,854.68 crore,
against Rs 4,077.90 crore in
previous year, with a growth rate
of 19 per cent, Chairman cum
Managing Director of Oriental
Insurance R K Kaul told reporters
here yesterday.
During
the current financial year, the
company has set a target of Rs
5,470 crore at 16.38 per cent
growth. It was continuing its
focus on health insurance, rural
insurance and retail sector, Kaul
said.
The
company has plans to open 148
extension counters in the country
during the current fiscal year
and also open micro -offices in
the rural areas to penetrate deep
into rural markets.
It
was also working in close
collaboration with the micro
-finance institutions, NGOs and
SHGs to promote rural insurance
products in a big way, he said.
Kaul
claimed that Oriental was first
among the public sector insurers
to have completed the online
solution in all the offices and
fully interactive web-portal to
offer online products.
Oriental
has 27 regional centre and 1,000
offices and has direct foreign
operations in Nepal, Kuwait,
Dubai and indirect operations in
Kenya and Singapore and may soon
launch operations in the Gulf
region, Kaul added. (PTI)
Cardamom futures
decline on sluggish demand
NEW DELHI, Sept
29: Cardamom prices fell
by Rs 11.90, to Rs 1,000.20 per
kg in futures trading today, as
speculators booked profits,
driven by a weakening trend in
spot markets.
Adequate
stock positions at the spot
markets following increased
arrivals from the producing
regions also put pressure on the
cardamom futures prices.
At
the Multi Commodity Exchange
counter, cardamom for
December-month fell by Rs 11.90,
or 1.18 per cent, to Rs 1,000.20
per kg, clocked a business volume
of one lot.
Similarly,
the spice for delivery in
October-month traded lower by Rs
9.90, or 0.94 per cent, to Rs
1,038.50 per kg, with an open
interest of single lot.
Marketmen
said, continued profit taking by
speculators and fall in demand in
spot market also put pressure on
the cardamom prices at futures
market. (PTI)
TCS wins 50
million Australian dollar order
from AGL
MUMBAI, Sept 29: Leading IT
exporter, Tata Consultancy
Services (TCS) today said it has
bagged a 50 million Australian
dollar order from leading
Australian renewable energy
company AGL Energy Limited for
providing infrastructure
management services for a period
of five years.
Prior
to this Infrastructure management
contract, TCS has been executing
a number of leading edge
programmes covering Advanced
Metering, Gas Trading, Pricing
Engine and multiple SAP projects,
TCS said in a release here.
Over
the past three years, the TCS-AGL
relationship has evolved into a
‘Full Services Play’
covering consulting,
implementation, assurance,
outsourcing and support.
Over
650 TCS consultants were
delivering these engagements for
AGL. Most of these projects were
either second generation
outsourcing or new projects.(UNI)
Refined soya oil
futures down on sluggish demand
NEW DELHI, Sept
29: Refined soya
oil prices moved down by Rs 7.30,
to Rs 500.05 per 10 kg in futures
trade today owing to slack demand
against adequate stock positions
in spot markets.
A
weakening trend in global markets
further influenced the trading
sentiment in the spot as well as
futures trading.
At
the Multi Commodity Exchange
platform, refined soya oil for
December-month fell by Rs 7.30,
or 1.44 per cent, to Rs 500.05
per 10 kg, with a business volume
of one lot.
Similarly,
the oil for delivery in November
declined by Rs 5.45, or 1.09 per
cent, to Rs 493.95 per 10 kg in
single lot.
Market
analysts attributed the fall in
refined soya oil prices in
futures market to fall in demand
in the spot market against
adequate supply. (PTI)
Mentha oil
futures rise as spot demand picks
up
NEW DELHI, Sept
29: Mentha oil
prices rose by Rs 2.40, or 0.28
per cent, to Rs 862 per kg in
futures trade today, as
speculators enlarged their
positions, driven by rising
domestic and exports demand.
At
the Multi Commodity Exchange
counter, mentha oil for
September-month rose by Rs 2.40,
or 0.28 per cent, to Rs 862 per
kg in one lot.
The
oil for delivery October edged up
by Rs 1.90, or 0.21 per cent, to
Rs 875.30 per kg, clocked a
business turnover of two lots.
Traders
said rising domestic and export
demand amid less arrivals from
Chandausi in Uttar Pradesh,
helped mentha oil prices to rise
at futures trade. (PTI)
Samsung seeks to
sell more than 60 million TVs in
2011
SEOUL, Sept 29: Samsung
Electronics, the world’s top
flat TV maker, expects to bolster
sales of its flat-panel TVs by
more than 33 percent next year,
according to an executive at
South Korea’s biggest
company.
The
executive, who requested
anonymity, said the
company’s 2011 sales target
for LCD and PDP TVs is more than
60 million. Samsung had said in
July it expects to sell 45
million flat-panel TVs this year.
The
executive was speaking on the
sidelines of an event at Hanyang
University in Seoul.
Yoon
Boo-keun, president of
Samsung’s visual display
business, told reporters after
the event that light-emitting
diode (LED) TVs will represent 35
percent of its shipments of
liquid crystal display (LCD) TVs
in the third quarter this year.
He
said the company has no plan to
launch television sets using
active-matrix organic
light-emitting diode (AM-OLED)
next year. AM-OLED displays,
which use self-glowing materials,
produce crisp images without
backlighting, making them slimmer
and more energy-efficient than
traditional LCDs.
The
global flat-panel TV market is
expected to grow to 205.7 million
units this year and 230 million
units next year from 160 million
units in 2009, boosted by demand
from China and other emerging
markets and replacement of
cathode ray tube TVs, according
to market research firm
DisplaySearch.
TVs
are one of the four major
businesses of Samsung, the
world’s top maker of memory
chips, flat panels and the No.2
handset vendor.
Samsung
shares were up 4 percent earlier
on Wednesday, in what traders
said was bargain-hunting. The
shares are down nearly 8 percent
since late July.
Samsung
shares closed up 3.6 percent.
(AGENCIES)
Alumininum
futures slip on subdued demand
NEW DELHI, Sept
29: Aluminium prices
traded slightly lower by 0.34 per
cent to Rs 102.35 per kg in
futures trade today, as
speculators reduced their
positions on subdued demand in
spot markets.
At
the Multi Commodity Exchange
counter, aluminium for
September-month traded lower by
Rs 0.35, or 0.34 per cent, to Rs
102.35 per kg, with a business
volume of 10 lots.
Similarly,
the metal for delivery in October
also shed Rs 0.27, or 0.24 per
cent, to Rs 103.43 per kg in 8
lots.
Marketmen
said positions reduced by
speculators after fall in demand
in the spot market mainly led to
a decline in aluminium prices at
futures trade. (PTI)
KTB goes hi-tech;
comes out with
ADs on YouTube,
iPad, iPhones
NEW DELHI, Sept
29: In a bid to attract
more international tourists,
mostly youth, Kerala Tourism
Board has gone hi-tech and
launched an innovative campaign
by putting up its advertisement
on YouTube and short videos on
iPads and iPhones.
"This
year, ahead of the international
tourist season, we have decided
to do the campaign differently to
attract young tourists, so we
tied up with Google to put up our
new TV advertisement on their
popular video portal
YouTube," Director of Kerala
Tourism Board Sivasankar said.
Apart
from it, the tourism body has
also made arrangements for
putting their short videos on
Apple’s iPads and iPhones.
"With
global recession coming to an end
and holiday season starting, we
have targeted the young tourists
from UK, Germany and France and
Scandinavian countries like
Sweden and Norway and other
European nations, who are ready
to take adventure tours and also
ready to spend," he said.
With
Internet becoming a major and
reliable source of information
about a destination for
international tourists planning a
vacation, "we have put our
new advertisement on YouTube,
which they can see and in the
first three days of the launch we
have got over one lakh
hits."
In
a TV or print advertisements, it
is not clear whether the message
has reached the right target
audience but in Internet one can
easily assess and make decisions
according to it, he said.
The
campaign on YouTube was launched
on September 24, for which the
board spent Rs 75 lakh and for
iPad and iPhones, Rs 40 lakh.
Despite
using new technologies, the Board
has not done away with the
traditional form of advertising
in print and broadcast media and
has made a provision for Rs 100
lakh, he said.
Last
year, during the recession, KTB
witnessed a fall in the number of
international tourists. In order
to attract more domestic
tourists, Sivasankar said it
carried out intense campaign and
conducted over 16 partnership
meets with travel agents, hotel
and other stakeholders in around
16 cities, including tier-II
cities like Lucknow, Pune and
Bhopal.
"As
a result, we received over 2.5
lakh domestic tourists last year
and this year we have planned to
hold 22 such meets in India and
six-seven cities of Europe,
including Scandinavian cities
like Stockholm, Helsinki and
others," he said.
KTB
now aims to attract tourists from
South-East Asian countries like
Malaysia and Singapore, as these
countries now have direct
connectivity to a number of south
Indian cities.
Google’s
Business Head India, Kiran Mani,
said, "KTB is the first
organisation to use Google’s
YouTube platform and make a shift
from pure marketing to business
marketing, which is not only
cost-effective but also has a
reach to right set of
customer."
YouTube
platform provides a rich
multimedia experience to
perspective tourists as visuals
are not only interesting but also
appealing.
KTB’s
approach is rightly timed, as the
holiday season in Europe and
America is round the corner for
which people start booking from
now onward, he said, adding KTB
can reach large number of
audience outside India.
"YouTube
in England has large following,
it witnesses more hits than the
circulation of any other
newspaper in the country,"
Mani claimed. (PTI)
Gur futures
improves on increase buying
NEW DELHI, Sept
29: Gur prices improved
by Rs 5 to Rs 945 per quintal in
futures trading today, as traders
preferred to raise their holdings
at prevailing lower levels.
Apart
from weak spot market demand,
less arrivals from the
manufacturing areas also led to a
fall in gur prices in futures
trading.
At
the National Commodity and
Derivatives Exchange counter, gur
delivery for November moved up by
Rs 5, or 0.53 per cent to Rs 945
per quintal, with an open
interest of 13,790 lots.
Near
December month contract also went
up by Rs 3.40, or 0.37 per cent,
to Rs 929 per quintal, with an
open interest of 7,330 lots.
(PTI)
Silver surges to
record in futures trade on global
cues
NEW DELHI, Sept
29: Silver prices surged
to record high in futures trade
today by gaining Rs 367 to Rs
33,448 per kg in futures trade
today on heavy buying by
speculators and traders sparked
by a firming global trend.
At
the Multi Commodity Exchange
counter, silver for July month
surged by Rs 367, or 1.11 per
cent to Rs 33,448 per kg with a
business volume of one lot.
Similarly,
the metal for delivery in
December rose by Rs 125, or 0.38
per cent to Rs 33,156 per kg in 2
lots.
Marketmen
said heavy buying by speculators
and traders in tandem with a
firming global trend mainly led
to an upsurge in silver prices at
futures trade.
They
said the increased offtake by
industrial units and coins
manufacturers for the coming
festivals and marriage season
mainly kept the market in bullish
mood.
Meanwhile,
silver traded higher by 0.51 per
cent to USD 21.85 an ounce in
Asian region. (PTI)
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