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Apr 24: Peugeot may make cars in India

  • Apr 24: Peugeot may make cars in India

    Apr 24: Peugeot may make cars in India

  • <p><b>A boy closes the shutter of a shop painted with an advertisement for Bharti Airtel in Ahmedabad</b></p><p>The telecoms shares extended their fall on Tuesday as a regulatory proposal to increase the price of 2G spectrum continued to hurt sentiment.</p><p>Bharti Airtel Ltd was down 5.36% at Rs 296.75.</p><p>Idea Cellular Ltd fell 6.8% and Reliance Communications Ltd shed 2%.</p><p>The telecoms regulator proposed a near tenfold increase in the price of 2G spectrum in a reissue of licences being stripped from mobile operators, drawing howls of protest from companies hoping to win them back.</p>

    A boy closes the shutter of a shop painted with an advertisement for Bharti Airtel in Ahmedabad

    The telecoms shares extended their fall on Tuesday as a regulatory proposal to increase the price of 2G spectrum continued to hurt sentiment.

    Bharti Airtel Ltd was down 5.36% at Rs 296.75.

    Idea Cellular Ltd fell 6.8% and Reliance Communications Ltd shed 2%.

    The telecoms regulator proposed a near tenfold increase in the price of 2G spectrum in a reissue of licences being stripped from mobile operators, drawing howls of protest from companies hoping to win them back.

  • <p><b>A model stands next to an BMW i3 Concept electric car at Auto China 2012 in Beijing</b></p><p>Global luxury auto brands are piling in to tap China&#39;s seemingly endless appetite for Audis and BMWs but, amid the ambitious sales forecasts, some signs point to trouble ahead for sleek high-priced vehicles.</p><p>Upscale brands from General Motor&#39;s Cadillac to German brands such BMW and Mercedes-Benz, are trying to make up for less robust growth in the United States and sagging sales in Europe and grow - or survive in some cases - as luxury brands.<p><p>Optimism abounds at the Beijing auto show, which opened in the Chinese capital on Monday.</p><p>"Successful global automotive companies must have a luxury brand that competes around the world and wins around the world and in China," said GM CEO Dan Akerson.</p>

    A model stands next to an BMW i3 Concept electric car at Auto China 2012 in Beijing

    Global luxury auto brands are piling in to tap China's seemingly endless appetite for Audis and BMWs but, amid the ambitious sales forecasts, some signs point to trouble ahead for sleek high-priced vehicles.

    Upscale brands from General Motor's Cadillac to German brands such BMW and Mercedes-Benz, are trying to make up for less robust growth in the United States and sagging sales in Europe and grow - or survive in some cases - as luxury brands.

    Optimism abounds at the Beijing auto show, which opened in the Chinese capital on Monday.

    "Successful global automotive companies must have a luxury brand that competes around the world and wins around the world and in China," said GM CEO Dan Akerson.

  • <p><b>A labourer pulls a sack of cement along the floor after unloading it from a freight train at a railway station in Mumbai</b></p><p>Cement makers fall on fears the Competition Commission of India (CCI) will rule against the sector as it deliberates on whether companies have colluded to push up prices.</p><p>CCI on Monday imposed hefty penalties against agrichemical manufacturers, sparking fears similar action will follow regarding cement makers.</p><p>ACC fell 1.9%, while Ambuja Cements lost 2.8%. India Cements was down 1.1%.</p>

    A labourer pulls a sack of cement along the floor after unloading it from a freight train at a railway station in Mumbai

    Cement makers fall on fears the Competition Commission of India (CCI) will rule against the sector as it deliberates on whether companies have colluded to push up prices.

    CCI on Monday imposed hefty penalties against agrichemical manufacturers, sparking fears similar action will follow regarding cement makers.

    ACC fell 1.9%, while Ambuja Cements lost 2.8%. India Cements was down 1.1%.

  • <p><b>A man looks at his Apple iPad in front an Apple logo outside an Apple store in downtown Shanghai</b></p><p>China&#39;s rigid capital rules ban its citizens from investing directly in Apple Inc <AAPL.O> but that&#39;s not keeping them from seeking a piece of the iPhone maker&#39;s success by buying shares in its suppliers - and even companies rumoured to be suppliers.</p><p>Investors have flocked to the only two China-listed firms that Apple has confirmed as suppliers, sending their valuations to lofty levels, while speculation has become rife in firms thought to be indirectly doing business with the technology giant.</p><p>Suzhou Anjie Technology Co Ltd has jumped more than 30% and Warren Buffett-backed carmaker BYD Co Ltd has gained more than 15% since mid-January, when they were cited on Apple&#39;s first-ever suppliers&#39; list. China&#39;s benchmark Shanghai Composite Index is up 5.6% for the same period.</p>

    A man looks at his Apple iPad in front an Apple logo outside an Apple store in downtown Shanghai

    China's rigid capital rules ban its citizens from investing directly in Apple Inc but that's not keeping them from seeking a piece of the iPhone maker's success by buying shares in its suppliers - and even companies rumoured to be suppliers.

    Investors have flocked to the only two China-listed firms that Apple has confirmed as suppliers, sending their valuations to lofty levels, while speculation has become rife in firms thought to be indirectly doing business with the technology giant.

    Suzhou Anjie Technology Co Ltd has jumped more than 30% and Warren Buffett-backed carmaker BYD Co Ltd has gained more than 15% since mid-January, when they were cited on Apple's first-ever suppliers' list. China's benchmark Shanghai Composite Index is up 5.6% for the same period.

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