is a better yardstick for weighing the sense of devotion to one’s motherland. We pride ourselves on being in a nation where economic progress and new age modernity blend with the longstanding heritage and rich tradition, why then should unsavoury events, such as these, unfold? Love thy country; revere thy brethren... Vande Mataram!
momentum would continue as OECD forecasts a GDP growth of 3.9% in 2006, much higher than the expected growth rate of 1.8% of the European region. It has posted the third largest growth rate in Europe without a single failure since 2001. A robust growth in household consumption, strong trade balances and high gross fixed capital formation are the main drivers behind this upswing in the GDP growth. The value for Swedish exports touched $180.72 billion in 2005, an impressive rise of 6.6% over the previous year (Central Bank of Sweden). Electrical & telecom equipment, machinery, passenger cars, pharmaceutical products and iron & steel are the main export items.As the IT/ITeS sector is expected to grow by 30-35% in the next 3-5 years, the same can be used as a benchmark for estimating the growth of commercial office space.” The festive fiesta will bring in immense opportunities for investors. Be it the auspiciousness of the occasion or the sheer lure of the opportunity that drives you, it’s time to put your money where your mouth is. The way realty is shaping up, the only precedent that comes to mind is gold. There is expected to be only a marginal correction in prices, followed by even further appreciation. So don’t bide your time, celebrate the upcoming Diwali in your new homes.
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Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006
maximum purchase of suiting material happens from the business community,” says Vikram Mahaldar, Sales Manager, Raymond Ltd. If Raymond is focussing on institutional buyers, then rival Pantaloon is focusing on regional customising. “Our USP is what we sell in Durga Puja in Kolkata and that’s totally different from what we are designing for Diwali for the entire country,” boasts Bina Mirchandani, Head, Category Management, Pantaloon Retail India. The Birlas are betting big with their brand Digjam for this festive bonanza. This Diwali, the company will add as much as 350 new designs for their ‘Milan Collezioni’ range and will divulge ‘jacketing material’ to gamble on the juvenile segment. “This is the most important time of the year and customer looks for new collections in Diwali,” feels Rajiv Pal, GM, Marketing, Digjam.
Nokia, the Finnish handset seller, has come up with another way of connecting people. Nokia has bought Seattle based Loudeye for $60 million. Loudeye possesses a vast digital music catalogue. In 2004, it had bought the British music download service OD2 that now manages a licensed catalogue with nearly 1.5 million tracks. The deal will enable Nokia to gift its customers holding music enabled phones access to the wonderful collection. Last year, Nokia sold over 45 million music-enabled hand sets, and plans to sell about 80 million in 2006.