Allahabad Bank recruitment: Necessary Information

Allahabad Bank, one of the oldest joint stock bank in India, is now looking for workers for its Beldih branch in Deoghar, Dumka in Dumka branch and Aoura branch, Chainpur branch and Pihra branch in Giridih. Allahabad Bank was founded by a group of Europeans on April 24, 1865. Headquartered in Kolkata, the bank currently has 2260 branches all over India. The bank also published the list of candidates for its clerk cum cashier post. So far, around 1000 candidates. Banking sector is one of the growing sectors in India. Aside from the state run banks there are also many private banks in the country.

For more information on recruitment in Allahabad Bank visit:

http://www.allahabadbank.com/recruitment.asp

Indian Auto Market Experienced Improved Sales in November

With economic recession almost over, Indian auto market is now getting stronger gradually. In fact, auto sales in Indian market increased significantly in November. Major companies posted high growth percentage compared to the recession-hit November 2008. It is true that the growth is based on the poor sales of the same month last year when economic recession slowed down car sales in Indian market, but the optimism lies in the fact that the percentage rate of the growth is very high. So, Indian automakers can now be optimistic about Indian market next year.

Maruti Suzuki India Ltd., the largest automaker in India in terms of sales volume, saw 67% increase in its November sales as its total sales volume stands at 87,807 units. Domestic sales rose by 60%, while exports increased two-fold. The company has actually capitalized on the heavy demands of its small car models including A-Star, Alto, Wagon-R, Estilo, Ritz and Swift.

Hyundai India also experienced high growth last month. In fact, the Korea-based auto maker posted its highest November sales last month as its sales increased 29% to 55,265 units. Though its local sales rose 93% to 28,162 units, Hyundai India’s exports decreased by 5%.

In the two-wheeler market, Hero Honda scripted a 32% increase in November sales to 381,378 volumes. Having seen excellent sales growth last month, Hero Honda is now determined to reach its yearly sales target of 4.0 million units. Hero Honda’s rival in motorbike market, TVS Motor, posted 23% growth in its November sales to 120,844 units. However, its motorcycle sales decreased a little bit, even though the scooter sales rose 38% to25,115 units.

Related article:

Wall Street Journal

Tata Motors Announced $4.7m Net Profit in the 3rd Quarter of 2009

Indian automaker Tata Motors has reported a combined profit of $4.7 million (217.8 million rupees) for the third quarter of the current fiscal year. No doubt, it was really unexpected and came as a big surprise. The company recorded a net loss of 9.42 billion rupees in the same period of last year when economic recession was rife in the global auto market. However, it seems that Tata Motors is gradually retaining its strength in the market.

One of the two possible reasons behind the company’s profit in the last quarter is its attempt to cut costs. Tata Motors over the last few months tried hard to control its costs and that helped the company return to profit. Another factor that worked positively for the company is the investments in its associate companies.

Related article:

Reuters

Export Sector of India Improving Gradually

India’s export sector is now going through a gradual improvement. Exports in October fell by 6.6%, a much better condition compared to May when Indian export sector experienced 13.8% decline. Indian export sector has been improving gradually as August saw 19.4% fall and September experienced 13.8% decline in the export sector of India.

Anand Sharma, Commerce minister of India, recently said that export policy which was published in August brought out positive results for the export sector of the country. With economic recession is over, Mr. Sharma is very much sure about growth of Indian export sector from the first quarter of 2010. He is also expecting a 15% yearly growth in export next year and a double growth by 2014.

Related article:

rttnews

Manmohan Singh Calls upon Indian Community to be Part of the Country’s Development in Education and Business

Indian Prime Minister Manmohan Singh asked the global Indian community to invest in education and business sectors of the country. He was addressing a local Indian community in Port of Spain, the capital of Trinidad and Toboga, while talking about the development of India. He asked the global Indian community to invest in Indian business and education sector. Mr. Singh also said that Indian education sector lost ground over the last few decades and the current government was trying to bring back the past glory of Indian education system.

Hindustantimes reported:

Reaching out to the People of Indian Origin, he said, "You are, for millions of Indians, the most visible symbol of our own globalisation process... For us, globalisation is a natural means of linking up with the international community of Indians."

Education and business are the "two major areas through which we are reconnecting with the people of Indian origin worldwide," he said in the capital of Trinidad and Toboga, whose almost half of 1.3 billion population is of Indian origin.

Ministers and Mps of Indian origin were present at the reception arranged for Manmohan Singh. Indian prime minister also said that Indian government was working on making a bond between Indian and Indian-origin people. He asked the global Indian community to come to India and make the best use of investment and business facilities available in the country.