Talking to reporters after a Cabinet meeting, Delhi chief minister said the increase in auto fares would not put much pressure on Delhiites. Sources, however, said that fares might be hiked by 50 per cent or more.
Auto-rickshaws in Delhi charge Rs 10 for the first kilometre and Rs 4.50 for each kilometre thereafter. While the auto-rickshaw unions want the rates to be raised to Rs 20 for the first kilometre and Rs 10 for each kilometre thereafter.
continued its upmove for the fourth consecutive day and closed with marginal gains after seeing extreme volatility throughout the session. Oil & gas, auto, select capital goods, banking and metal companies' shares helped the index.
However, Sterlite, TCS, Infosys, Suzlon, DLF, Jaiprakas Associates, Reliance Communications, HDFC Bank, Siemens, Unitech, ACC, ABB, Hindalco and Cipla were the only loser.
Nifty rose 19.75 points or 0.39% to settle at 5,086.30, after trading in a range of 5038.55-5097.60.
Google India has released — in a study it calls the Google Brand Zeitgeist — a list of the most searched brands on Google Search and details of search trends by product categories. Nokia emerged as the most searched brand online, followed by SBI, Samsung, Sony, BSNL, Tata, IRCTC, HDFC, ICICI and Airtel, in that order.
Across product and services categories, telecom, automotive, education, finance and travel led the search queries. “Automotive and telecom stand out; they are the fastest growing on Google,” said Narasimha Jayakumar, business head, Google India. “While advertisers were assigning two-three per cent of their budgets to automotive online advertising with us two years ago, they are assigning eight-to-10 per cent now. Telecom — particularly mobile and value added services (VAS) — which accounts for one-third of all our searches, has seen a similar rise in online advertising.” Google finds that telecom is the most promising category in terms of monetisable query volumes and that multimedia for mobile and VAS are the highest growth areas. While Nokia tops the searches in mobile phones, Airtel leads in mobile service searches.
With automobiles, motorbikes have shown a 126 per cent growth in queries year-on-year (y-o-y). Among cars, Maruti’s brands top the search list.
Auto-lifters have a field day in city Times of India LUCKNOW: With the number of auto-lifting and burglary cases already on the rise, miscreants gave yet another sleepless night to the Lucknow police, ... |
India Auto Components | India OEM | Auto Components
I would definitely think so. Stocks like a BajajAuto, stocks like a Tata Motors, all these companies have very robust models andif you just look at the decent correction, markets are off probably somethinglike 15-18%, stocks are off probably a bit more than that but autos are downonly 4% from its recent highs. That is telling you how resilient these stocksare on the way down and how well they do when the markets actually rally. So youlike to be in those kind of names till those names at some point peter out byway of their growth. So we are quite optimistic onthose.
But in terms of specifics whyBajaj Auto and why not a Hero Honda and why Tata Motors and why not aMaruti? No, we have loved Maruti through the last two and ahalf years. In fact we turned bullish on it towards the end of 2008 when despiteall the carnage, the numbers coming through were very good and it is anabsolutely company and is trading quite cheap. So that was in fact a No 1 bet inthat dark period into Rs 550. From there, it went on to hit 1500-1600-1700,something like that. We continue to like Maruti whilst we understand thecompetition building up but a Bajaj Auto was again a clear case that we havewatched these companies in the last 18-20 years, Hero Honda and Bajaj Auto.
Hero Honda was born in front of my eyes. I was born in front ofBajaj Auto's eyes because obviously it is a company which is far older and Ihave seen that each time the market share pendulum swings to the extreme betweenthese two companies, then there is a case to be made to sell the one with thehigh market share and buy the one with the low market share and that isprecisely what happened now when Bajaj 100cc or 125cc market share was down tothe single digits, 6-7%, something like that and from that level if you havetwo-three new model introductions, you will obviously gain some market share andthat is precisely what has happened and valuations are very undemanding at800-850 whenever we turn bullish on it and since then, it has gone up 120%.
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