GM looking forward in India

Bankrupt US carmaker General Motors(GM) on June 5,2009 said India is one of the "very important" markets that held the key to its turnaround and said it hoped to achieve a double digit share by 2010 on the back of higher sales of mini cars. The company's Indian subsidiary, that will introduce two new model cars in the coming months, also plans to start export of a new mini car to Europe and Asia Pacific by the end of 2010 that will further boost its sales and revenues in the global markets. "US, China and India are among the key markets for the new General Motors(GM) that has been formed after bankruptcy. While home market United States is certainly the most important, China is uniformly important as it is big in numbers where we sold one million units of cars. India is also key as opportunities here are similar," Karl Slym, president of GM India, said. It hopes to achieve a 10% growth in India sales this year, has started a series of new campaigns to sign the negative effects of the bankruptcy news.

Suzlon paying final due for REpower Systems

One of the leading Indian wind turbine maker Suzlon said on June 6, 2009 it has completed buying Martifier's stake in Germany's REpower Systems for $122 m.
In a notification to the Bombay Stock Exchange(BSE), Suzlon Energy, the world's fifth-biggest wind turbine maker, said after the completion of this deal, it now holds 90.72% of shares and voting rights in REpower Systems."The achievement of the purchase of Martifer's stake in REpower is a big milestone for Suzlon," Tulsi Tanti, chairman and managing director of Suzlon Energy, said in a statement.

GOLD STATUS FROM COUNCIL

The Gold rate was not at all stable as we knows,Its keep on fluctuating for some days and its increasing only.Spot gold failed to follow-through above $960, retreating to test support at $925. The long tail, however, indicates buying support. Failure of this level would test $900, while recovery above $950 would indicate another test of $1000 — confirmed if price rises above $960. In the long term, breakout above $1000 would signal a primary advance with a target of $1100*, while failure of support at $900 would test primary support at the April low of $865.
* Target calculation: 1000 + ( 1000 - 900 ) = 1100
The Gold Miners Index [GDX] respected resistance at $40 — a bearish sign for gold. Twiggs Money Flow (13-Week) bearish divergence indicates strong selling pressure. Downward breakout from the trend channel (below $35) or TMF reversal below zero would warn of a primary trend change and a similar outcome for the yellow metal.

Airline industries in trouble: continuous decline

Already Airline industries lost their profit in the last few quarters and demand for air travel could decline further in spite of signs of a more stable global economy, and prediction of a recovery this year look dull, Air industry executives said at a meeting of the world's airlines on June 7th 2009. Airlines have been suffering from weaker demand because of the financial crisis and have also been upset by the sharp variation in oil prices in the past year.
"I think it's probably going to get worse," Rob Fyfe, chief executive of Air New Zealand, told press in an interview on the sidelines of an International Air Transport Association (IATA) board meeting.
The bearish comments difference with the more positive outlook from some global policymakers and economists about a global recovery in the wake of latest data such as the slowing pace of U.S. job losses.