Essay on Eco Time Ppt

586 Words Nov 1st, 2013 3 Pages
Goodbye Bank Secrecy, Goodbye Switzerland
From start of 2012 to May 2013, the number of foreign owned Swiss banks has fallen from 145 to 129(though it remains the biggest centre for global offshore wealth with $ 2.2 trillion i.e. 26% of the market, which was 27% in 2012). Example:- Lloyds Banking Group, Commerzbank, etc Reasons• Recent shake up in Europe’s economy • In 2012, one-third of banks had fund outflows • One bank in 6 recorded losses Hence many banks are reviewing their geographical footprint, specially in the offshore markets. Moreover, a combination of government actions from the US & EU and the increased regulatory pressure is likely to trigger more such changes, because it will only make it a more costly affair to do
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Tata Motors sales fell the highest (33%), followed by Toyota (20%), GM (14%), M&M (13%), & even country’s top carmaker Maruti Suzuki (8%). Prime Reasons :• Depreciating Rupee • Spiralling fuel costs caused by the above • High Interest Rates • Additional Excise Duty on SUVs. However, Hyundai managed to marginally grow in sales by a strong portfolio & customer focus of its dealers. The sales of Ford, Audi & Mercedes Benz showed an upward trend too.

India slips on Global Retailer’s most attractive list
• Countries like Kazakhstan, Turkey & Armenia have pushed India to 14th position in the most attractive destination for global retailers from 5th last year. This is despite the government allowing 100% FDI in single brand retail but today it is still not easy to translate the business models into profits...though corruption has lessened the cost of business in India. Multi-brand players are having a “wait & see” approach as they are apprehensive of the way the policy will be implemented. The political uncertainty has affected the ranking the most







Gas hike leaves Amma combustible
• • • Jayalalitha became the first CM to take on New Delhi & the Reliance industries in lieu of the recent doubling of the gas prices. She accuses that the rise was done to benefit the Reliance Industries The reports before have also suggested that probably Reliance Industries is producing far less produce from the KG-D6 basin and this

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