Major Developments Major Developments by Calendar Year

October 11, 2010

Increase in Sales of Tata Motors When Compared to Hyundai India

Filed under: Automobile — Tags: , , , — Winson @ 7:30 AM

Due to the facility of availability of cheap credits from banks, and because of the decrement in the global financial crisis, the sales of the cars and motorcycle sales are increasing day by day and the sales of June 2010 rose very sharply.

During the past months, the Hyundai Motor India is the second leading car maker, but the sales of Tata Motors rose in such a way that it has become the second largest car maker in India.

Sales Of Tata Motors: When compared to June 2009, the sales rose by 50% in June of this year. The major sales of company included Indigo and Safari. Exactly speaking, the sales had been increased by 49.05 %. The sales of the last June i.e. 2009 are 45,440 and the sales of June 2010 are 67,730 units.

According to the statement given by the company, the sales of the passenger vehicles in the domestic market are 27, 811 which is 63.22% more when compared to the sales of the last year. There is even a growth in the company exports. The sales of Nano are 7,704 units. Indigo sales increased by 113%. Sumo and Safari sales increased by 9%. Apart from all these sales, the sales of Indica decreased by 12%.

In the domestic market, the sales of commercial vehicles segment increased by 32.52%.Light commercial sales increased by 52%.

Sales Of Hyundai Motor India: The sales of Hyundai Motor India also rose, but the sales when compared to the sales of Tata is very less. During the month of June, 2010 the sales are 27,336 units and and it is 18. 9% increase when compared to last year. The company’s exports decreased due to the contracting demand in the west and it was 22.1% decrease.

Thus tata motors occupied second place when compared to the sales of Hyundai India Motors.

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October 7, 2010

Athletes of Pakistan Suspended for Doping

Filed under: Sports — Tags: — Winson @ 10:11 AM

Some of the sports champions are using illegal ways for doping in order to enhance their performance. This doping makes a negative mark on the sports person as well as on the country for which he/she is hosting.

Recently on August 23rd 2010, athletes of Pakistan were caught during the doping tests conducted by Anti Doping Organization Of Pakistan(ADOP). This occurred while national athletic Championship and during this championship seven male and female athletes were banned.

The athletes were tested with these doping tests and the results of seven male and female athletes were positive. They were using banned steroids and the board had punished them for two years. They were punished at National Training And Coaching. Muhammad Imran, Asif Javed, Muhammad Waseem were among males and Zara razzaq, Nadia Nazeer, Rozeena Shafqat, Shagufta Noreen were among female sprinters.

Out of the eight who are being tested in the championship, seven had appeared for the test and one female did not appear.

Thus, the Athletes of Pakistan have spoiled the image of the country by using the steroids for improving the performance.

October 5, 2010

Increase in Credit Card Usage by Small Business Created Numerous Jobs: Keybridge

Filed under: Small Business — Tags: , , — Winson @ 7:25 AM

According to a new research by Keybridge, the usage of credit cards by small-Business is creating many jobs directly or indirectly. This is giving businesses good financial benefits against cash shortages.

As per the study by Keybridge Research, there are many effects of credit cards on small businesses growth and US job creation. It also showed that for every 1 percent rise in business credit card credit availability to small businesses, there is an increase of 0.051 percent in firm employment and there is also increase in firm revenue by 0.14 percent.

According to the study findings, it was found that the increase of credit card lending to small businesses from 2003 to 2008 has tremendously contributed for the creation of 1.6 million US jobs. There was direct contribution for creation of 592,000 small-Business jobs. There were also 1.0 million jobs which were created additionally throughout the US economy.

It was also figured out that the cumulative increase in the US economy of around $142 billion on an annual basis is equal to about 1 quarter percentage point of total US Gross Domestic Product which resulted in increase of credit card lending to small businesses from 2003 to 2008.

Finally, the Keybridged study identified that there was a positive relationship between increase in issue of credit and small-Business employment and revenue.

October 1, 2010

Small Businesses are not Utilizing Social Media for Marketing: Citibank

Filed under: Small Business — Tags: , , , — Winson @ 9:12 AM

According to a latest survey by Citibank, many of the small businesses are not utilizing even the basic online tools which are readily available and which would help them grow their businesses despite of a lot of buzz around social media.

  • Around 63 percent of the small business respondents expressed that word of mouth publicity is the best way to increase their business market. They also said that it helps them in finding new customers. Many of the small businesses do not consider marketing through social media as a word-of-mouth channel.
  • The social media sites like Face book, LinkedIn and Twitter are not being used by 81 percent of the respondents.
  • 37 percent of them are not using websites in order to expand their small businesses.
  • Around 84 percent of the small businesses are not selling their products through online service.
  • Almost 62 percent are not utilizing email for marketing their products.
  • More than 47 percent of them perceive that these sites are not of any value for their businesses.
  • 21 percent think that the social media sites are more for personal use than for business.
  • 18 percent of them expressed that they do not know much about how the social media helps in expanding their business and how to utilize it to maximum.

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September 27, 2010

U.S. Fashion Accessories Market and Its Highlights

Filed under: Business — Tags: , — Winson @ 5:13 AM

Accessories are the decorative items which add extra beauty to the clothing, like hats, shoes, handbags etc. According to the current trends, the fashion market has been changing. Generally, youth follow different trends and fashions of the market. The fashion market is associated with the tastes of the people. The fashion may be differ according to the age and sex.

Coming to the US fashion accessories, it has been enhancing its paths as many companies are prevailing in the markets. There is a huge competition among different retailers and shopkeepers who are selling the Fashion accessories. Not only by walking in to the store and the online shopping has been increasing as the internet being the fastest media for purchasing the goods. Even some of the online stores are providing discounts and they even want to reduce the prices.

The women’s and girl’s market includes handbags, jewelry, cold/rain weather accessories, footwear, eye wear etc. Coming to the men’s jewelry accessories, they include socks, watches, belts, small leather goods etc.

According to the Packaged Facts research 2009, these are some of the key trends of the US Fashion Accessories Market. They are

  • Hand bags market is about one- third of the total market.
  • Digital gadgets replace the Fashion accessories.
  • The growth is there in the categories of the ties, neck wear.
  • Fashion Accessories growth increased by $20.2.
  • The ladies are using handbags, as the symbol of status. There is a growth in the sales by 10% when compared to 2008.
  • The main accessory are increasing the market trends is the clothing accessory.
  • The market size of fashion jewelry is $9.0 billion and the hand bags is $7.64 billions when women’s accessory segments were considered.
  • When it comes to men’s segment the socks and the sunglasses will have a market size of $2.2 billions and $1.15 billions respectively.
  • The sales are more in the departmental stores when compared to the retail sales.

But apart from all of these, luxuries market is going to decrease.

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