Clubbing: The best car for clubbing has to be a Lamborghini as right now it is the most exotic car available in India.
Rush Hour: An Automatic Santro fits the bill as it is a small
car and is easy to drive. Being an automatic, it will be very convenient during rush hour.
Rush Hour: An Automatic Santro fits the bill as it is a small
car and is easy to drive. Being an automatic, it will be very convenient during rush hour. Date: A Porsche 911 would be an ideal car for a date because it is classy and is perfect for impressing that someone special. Picnic: It has to be an SUV… probably a Toyota Innova as it is a family car, and has a lot of space. Therefore it should be perfect for a picnic.
Off-roading: A Land Rover is the best off-roader available in India.
Best value for money:
In segment A it’s Alto,
In segment B it has to be Swift
In segment C it’s Skoda Octavia
In segment D nothing comes close to beating a Honda Accord.
Automatic Santro fits the bill as it is a small car and is easy to drive. Being an automatic, it will be very convenient during rush hour.
Arush Vohra Owner of Autof Psyche
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bought 28 ounces of gold, in 1982 it bought less than two ounces of gold (in 1980, one Dow Jones only bought one ounce of gold). At present the Dow still buys 12 ounces of gold and although this is down from its purchasing power of 44 ounces in 2000 (yes, the Dow has lost in gold terms or in “real” real terms 72% since 2000!), it is far from where stocks usually bottom out after major secular up-trends end. Simply put, in 1982, stocks were dirt cheap (P/E 7, dividend yield 7%) whereas now stocks are still pricey. Moreover, aside from so many other conditions, which were far more favourable in 1982 (debt-to-GDP only 130% compared to current debt-to-GDP of 350% ex unfunded liabilities, saving rate of 12% versus current saving rate of zero, MF cash positions of almost 15% compared to 4% now, et al) commodity prices and interest rates - the latter were then at over 15% on long- term Treasuries compared to around 4% now - were about to enter long term down-trends that would lift the valuation of equities, boost corporate profit margins and lift corporate earnings. However, these conditions no longer exist today! Interest rates will only decline further if there is a deflationary bust – not exactly a positive for equities. Also, whereas commodities could decline quite sharply in the near term should global demand collapse (major economic slump) the long term trend would seem to be on the up, courtesy of money printer Ben & stock manipulator Hank. Lastly, whereas in 1982 corporate profit margins were at depressed levels, today they still seem to be – from a historical perspective – close to record levels. So, all in all, I very much doubt that the current stock market strength is the beginning of a long-term uptrend. I would, therefore, use market rebounds around the world as a selling opportunity.
favouring the lifting of the moratorium on drilling in the US and trying to garner public support on the issue, the fact that Democrats are against such a lifting of restrictions, has created a new loggerjam of a debate between the two parties and their representatives.
have wanted; but how does one put across the fact that oil may one day run out when, er, it perhaps would never! OPEC’s latest report estimates that between the years 1995-2003, new discoveries improved recoveries by 138 billion barrels. Production has already increased by 26% as compared to the 1960s. By 2020, oil production is likely to cross 1600 billion barrels annually. If such is the case, as Dustin Hoffman asks lovely Mrs. Robinson, where lies the problem? Demand honey, demand. Demand for oil would [should?] far outstrip supply in the coming years. Oil has become a necessary evil for us; it is guzzling down our, and my, bank balances like nobody’s business, yet you can’t imagine life without it. Goddammit, I can’t! And there lies the need to cut across to alternative or quasi-alternative fuel. This dire need to make black gold less ‘necessary’ so that it can become a much subdued ‘evil’ has given rise to numerous technological breakthroughs in alternative fuel technology, giving cars that can run on electricity, hydrogen, E 85 (85% ethanol and 15% gasoline), nuclear, solar, et al. Hybrids have shown some promise too. India has seen its first hybrid in the form of Hero Honda Civic. But considering that these alternatives are yet to convert into truly marketable solutions, aren’t we moving a bit too slow? Moreover we seem to have many technologies posing as possible solutions, but do we have ‘the’ solution in sight?
to file in the most devastating report I have ever made on the global auto industry, and there I had Audi’s offices requesting me to help them understand how Audi compares with other international auto players and the challenges Audi faces. Ironic because my research on America’s ‘greatest’ companies was complete, and the list of American idols – that is, the biggest five loss making companies America had created in the last year – was staring me on the face! These five stalwarts had a combined loss above $80 billion in the year 2007. What stunned me was that the leader of this bunch was clearly General Motors, with an individual loss touching close to a sickening $39 billion!!! Well, when I’d met Rick Wagoner, Chairman, GM, last year to get his exclusive quotes with respect to his $750 investment in India, I had had no inkling of the times to come, and he’d also been quite confident that “GM wanted to leverage its global resources” to succeed in “such a high growth market.” Strangely, nobody’s been picking up my phones in GM’s Detroit office since then. But Fritz Henderson, GM President and COO, Detroit, on August 20, 2008, writes in a rare letter to the editor in Wall Street Journal, “In the editorial ‘Can America’s Auto Makers Survive?’, Paul Ingrassia asks whether Detroit’s auto makers can survive. In the case of General Motors, the answer is, emphatically, yes. And not only survive, but thrive. There is no question the industry is facing significant pressures driven by a weak US economy and rising fuel costs. At GM, we’re taking the difficult and necessary steps to reduce our cost structure to be more competitive in the global marketplace and build a stronger foundation for our future.” I was stumped. It wasn’t that I was going to analyse the close to $2 billion loss GM suffered in 2005. The fact is that the last six months of GM (January to June 2008) has seen it rake up losses close to another $19 billion. I checked out the last three months (April to June 2008) and GM had losses of $15.5 billion! I really couldn’t see where the improvement, that GM President Henderson was referring to, was.
that the gap between technology usage by low income and high income countries, at last, is reducing. However, various other studies show that India is still very far behind when it comes to technology. Broadband is accessed by only 4 million users (less than 0.4% of total population), out of which, the majority live in cities. Computer Industry Almanac Inc.’s report reveals that Internet usage has actually fallen down by 1% since 2005.
visit Hoshiarpur in Punjab. It was also the first anniversary of the martyrdom of Bhagat Singh. The District Congress Committee had decided to replace the Union Jack with the Tricolour at the district courts on the same day. In anticipation, the district administration announced that protestors would be shot. Under duress, the Hoshiarpur Congress Committee backtracked. A boy celebrating his 16th birthday that day had other ideas. He picked up a tricolour mounted on a small stick, dismissed the Congress office secretary’s warning and reached the district court, where a complacent security personnel had become careless. With a single-mindedness - that was to later become his hall mark - a young Harkishan Singh Surjeet climbed the court stairs, brought down the Union Jack and hoisted the tricolour. Though two shots were aimed & fired at him, both missed their mark.
‘new’ wine in the same ridiculous ‘old’ bottle. If a country imposes ‘patent linkage’, then no other drug producer can market similar drugs in the country until the period of patent gets expired. Patent linkage is supposedly the answer to the worries of various countries (mainly underdeveloped and developing), who fear that simply accepting global patents would ensure that global Big Pharma companies get a stranglehold on domestic markets. Countries like Singapore, Australia and China have strict patent linkage provisions. The WTO is dramatically strict in ordering its members to get patent linkage provisions in place in their country. Of course, the mother of all patent linkage acts was the 1984 US Hatch-Waxman Act, which formalised the rules for such linkage.