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November 22: Snapshots for the day

  • November 22: Snapshots for the day

    November 22: Snapshots for the day

  • <p>The Cadburys logo is seen on a bar of chocolate</p><p><b>Kraft Foods Inc, North America&#39;s largest packaged food maker, is betting big on the Indian consumer&#39;s rising spending power as it firms up plans to become one of the top 5 food companies in the country in the coming years, in an effort to offset sluggish growth in the developed markets.</b></p><p>The global buy of Cadbury has added popular brands such as Dairy Milk and Bournvita to Kraft&#39;s India portfolio helping it propel growth in the world&#39;s second fastest growing major economy.</p><p>It retails brands like Oreo biscuits and fruit flavoured drink Tang from its own portfolio in the Indian market.</p>

    The Cadburys logo is seen on a bar of chocolate

    Kraft Foods Inc, North America's largest packaged food maker, is betting big on the Indian consumer's rising spending power as it firms up plans to become one of the top 5 food companies in the country in the coming years, in an effort to offset sluggish growth in the developed markets.

    The global buy of Cadbury has added popular brands such as Dairy Milk and Bournvita to Kraft's India portfolio helping it propel growth in the world's second fastest growing major economy.

    It retails brands like Oreo biscuits and fruit flavoured drink Tang from its own portfolio in the Indian market.

  • <p>Prime Minister Manmohan Singh attends the Indian labour conference in New Delhi</p><p><b>As India&#39;s boom gives way to gloom, the government is banking on a brief winter session of parliament that started on Tuesday to kickstart its long-stalled agenda of economic reforms.</b></p><p>Prime Minister Manmohan Singh&#39;s cabinet has dithered for months on sensitive reforms to bring more foreign capital into Asia&#39;s third-largest economy but, with growth slowing, the rupee at record lows and inflation stubbornly high, it now seems resolved to act.</p>

    Prime Minister Manmohan Singh attends the Indian labour conference in New Delhi

    As India's boom gives way to gloom, the government is banking on a brief winter session of parliament that started on Tuesday to kickstart its long-stalled agenda of economic reforms.

    Prime Minister Manmohan Singh's cabinet has dithered for months on sensitive reforms to bring more foreign capital into Asia's third-largest economy but, with growth slowing, the rupee at record lows and inflation stubbornly high, it now seems resolved to act.

  • <p>Akhil Gupta, chairman and managing director of Blackstone India, speaks during the Reuters India Investment Summit in Mumbai</p><p><b>US private-equity giant Blackstone Group expects to invest roughly $500 million to $720 million a year in India over the next few years, a top official said on Tuesday.</b></p><p>Weak markets are prompting capital-hungry entrepreneurs to knock on the doors of private-equity investors, and valuations are coming down, Akhil Gupta, chairman and managing director of Blackstone India, told the Reuters India Investment Summit.</p>

    Akhil Gupta, chairman and managing director of Blackstone India, speaks during the Reuters India Investment Summit in Mumbai

    US private-equity giant Blackstone Group expects to invest roughly $500 million to $720 million a year in India over the next few years, a top official said on Tuesday.

    Weak markets are prompting capital-hungry entrepreneurs to knock on the doors of private-equity investors, and valuations are coming down, Akhil Gupta, chairman and managing director of Blackstone India, told the Reuters India Investment Summit.

  • <p>An investor reacts in front of an electronic board showing stock information at a brokerage house in Huaibei, Anhui province</p><p><b>Stock markets put in modest gains on Tuesday after a heavy session of losses the previous day, though the respite from worries over US and European government debt looked only temporary.</b></p><p>Wall Street also looked set to open higher.</p><p>Spain&#39;s Treasury paid the highest yields in 14 years to issue short-term bills, suggesting an emphatic election victory for the centre-right People&#39;s Party on Sunday has done little to soothe investor nerves.</p><p>The average yield on the 3-month T-bill more than doubled to 5.11% from 2.29% one month earlier. The 6-month T-bill saw yields jump to 5.227% from 3.302%.</p>

    An investor reacts in front of an electronic board showing stock information at a brokerage house in Huaibei, Anhui province

    Stock markets put in modest gains on Tuesday after a heavy session of losses the previous day, though the respite from worries over US and European government debt looked only temporary.

    Wall Street also looked set to open higher.

    Spain's Treasury paid the highest yields in 14 years to issue short-term bills, suggesting an emphatic election victory for the centre-right People's Party on Sunday has done little to soothe investor nerves.

    The average yield on the 3-month T-bill more than doubled to 5.11% from 2.29% one month earlier. The 6-month T-bill saw yields jump to 5.227% from 3.302%.

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