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November 2: News pics for the day

  • November 2: News pics for the day

    November 2: News pics for the day

  • <p><b>Reserve Bank of India (RBI) Governor Duvvuri Subbarao attends the monetary policy review meeting in Mumbai</b>
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The RBI chief on Tuesday said that some controls on debt flows will be maintained.
</p><p>
Reserve Bank of India governor Duvvuri Subbarao was speaking at a post-policy release press conference.
</p><p>
India&#39;s central bank raised interest rates for the sixth time this year on Tuesday to tame stubbornly high inflation but said there was little chance of another near-term increase.
</p>

    Reserve Bank of India (RBI) Governor Duvvuri Subbarao attends the monetary policy review meeting in Mumbai

    The RBI chief on Tuesday said that some controls on debt flows will be maintained.

    Reserve Bank of India governor Duvvuri Subbarao was speaking at a post-policy release press conference.

    India's central bank raised interest rates for the sixth time this year on Tuesday to tame stubbornly high inflation but said there was little chance of another near-term increase.

  • <p><b>Labourers erect scaffolding at a construction site in Chandigarh November 24, 2008.</b>
</p><p>
Shares of real estate firms slumped by as much as 5 per cent on Tuesday, after the Reserve Bank of India provisions on mortgages, raising fears that already tepid demand would slow further.
</p><p>
Largest listed developer DLF, Unitech, Mumbai-based Indiabulls Real Estate and newly-listed Prestige Estates fell more than 3 per cent each, dragging down the sector index.
</p><p>
Shares of smaller firms fell by as much as 5 per cent.
</p>

    Labourers erect scaffolding at a construction site in Chandigarh November 24, 2008.

    Shares of real estate firms slumped by as much as 5 per cent on Tuesday, after the Reserve Bank of India provisions on mortgages, raising fears that already tepid demand would slow further.

    Largest listed developer DLF, Unitech, Mumbai-based Indiabulls Real Estate and newly-listed Prestige Estates fell more than 3 per cent each, dragging down the sector index.

    Shares of smaller firms fell by as much as 5 per cent.

  • <p><b>A saleswoman stands behind the showcased gold necklaces at a jewellery showroom in Agartala</b>
</p><p>
Indian consumers trickled in to jewellery shops and banks, more to buy coins and bars, a day before the key Dhanteras festival despite the near record high prices, traders said on Tuesday.
</p><p>
"Retail sales have picked up from Saturday. Small denomination coins are doing very well. We expect our sales (of coins and bars) to grow by over 10 per cent," said an official with Union Bank of India.
</p><p>
"In smaller towns, people prefer coins and bars as investment compared with ETFs," said the official.
</p><p>
The bank has offered a discount of 2 per cent on coins.
</p><p>
The benchmark gold contract on the Multi Commodity Exchange (MCX) was steady at Rs 19,745 ($444.91) per 10 grams, still down 1.4 per cent from the all-time high of Rs 20,028 hit on October 14.
</p>

    A saleswoman stands behind the showcased gold necklaces at a jewellery showroom in Agartala

    Indian consumers trickled in to jewellery shops and banks, more to buy coins and bars, a day before the key Dhanteras festival despite the near record high prices, traders said on Tuesday.

    "Retail sales have picked up from Saturday. Small denomination coins are doing very well. We expect our sales (of coins and bars) to grow by over 10 per cent," said an official with Union Bank of India.

    "In smaller towns, people prefer coins and bars as investment compared with ETFs," said the official.

    The bank has offered a discount of 2 per cent on coins.

    The benchmark gold contract on the Multi Commodity Exchange (MCX) was steady at Rs 19,745 ($444.91) per 10 grams, still down 1.4 per cent from the all-time high of Rs 20,028 hit on October 14.

  • <p><b>Artist Jack Armstrong&#39;s hand painted &#39;Cosmic Starship&#39; Harley-Davidson motorcycle is unveiled at Bartels Harley-Davidson in Marina Del Rey, California</b>
</p><p>
Heavyweight motorcycle maker Harley-Davidson Inc said on Tuesday it plans to set up an assembly facility in the northern Indian Haryana state to serve the local market, using US-made component kits.
</p><p>
The Milwaukee-based company expects the assembly facility to be operational in the first half of 2011, it said in a statement.
</p><p>
The iconic US motorcycle maker, which commenced India operations in August 2009, currently imports 12 completely assembled motorcycle models for the Indian market.
</p><p>
Last month, German luxury car maker BMW said it would start selling motorcycles in India by December through three dealerships.
</p>

    Artist Jack Armstrong's hand painted 'Cosmic Starship' Harley-Davidson motorcycle is unveiled at Bartels Harley-Davidson in Marina Del Rey, California

    Heavyweight motorcycle maker Harley-Davidson Inc said on Tuesday it plans to set up an assembly facility in the northern Indian Haryana state to serve the local market, using US-made component kits.

    The Milwaukee-based company expects the assembly facility to be operational in the first half of 2011, it said in a statement.

    The iconic US motorcycle maker, which commenced India operations in August 2009, currently imports 12 completely assembled motorcycle models for the Indian market.

    Last month, German luxury car maker BMW said it would start selling motorcycles in India by December through three dealerships.

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