SECTORSObama pledges tough enforcement of Wall Street reforms
Reuters: President Barack Obama on Saturday called on the US Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan(JPM.N) underscored the need for such regulation.
Kenya’s top grade tea price edges higher to $ 3.56 per kilo
Reuters: The average price of the top grade Kenyan tea inched higher to $3.56 per kg at the auction last week, from $3.53 per kg the previous week traders said.
The east African nation is the world’s largest exporter of black tea and the crop is one of its largest hard currency earners, bringing in $1.27 billion last year.
Honda launches ‘Dream Yuga,’ its cheapest bike
Reuters: Honda Motor Co launched the lowest-cost motorbike in its line-up last week for sale in the India market, aiming to double India’s share of its motorcycle revenue by the end of the decade while racing to catch up with rivals in fast-growing emerging markets.
Bangladesh tea prices soften on rising supplies
Reuters: Tea prices in Bangladesh eased slightly at the weekly auction last week due to rising supplies but almost all the quantity on offer was sold amid strong demand for good quality new-season varieties, brokers said.
Evergreen Line to launch West Africa Service with Hanjin, UASC
Evergreen Line will team up with Hanjin and UASC to launch the new West Africa Service(WAF) at the end of May.
The new service will provide an efficient trans-shipment link to the Far East and Europe via Algeciras and extend Evergreen Line’s global service network to West Africa.
TATA Nano reasserts itself as the most fuel efficient car in the market
Diesel and Motor Engineering PLC (DIMO) recently arranged a ‘Nano Mileage Rally’ to further emphasise and consolidate the TATA Nano as the most fuel efficient family car in the market. Almost 50 Nano owners took part in this rally, which covered a distance of 70km from Colombo to Negombo and back.
India tea prices soften as supply improves
Reuters: Tea prices in India, the world’s second biggest producer, eased at last week’s auction on an improvement in supplies, though strong demand limited the downside. The price of CTC (crush-tear-curl) tea was Rs. 161.33 ($3) per kg, compared with Rs. 162.87 at the previous weekly auction. Dust tea price eased 2.4 per cent to Rs. 164.61 per kg.
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India’s April natural rubber imports surge
Reuters: India’s natural rubber imports in April nearly tripled from a year ago to 17,509 tonnes, state-run Rubber Board said last week, reflecting deals signed by local tyre makers earlier this year to cash in on lower prices overseas.
White Cell celebrates first anniversary
White Cell solutions, the creative agency which takes its interest for advertising by offering a myriad of related services celebrates its first birth day on 6 May.
“As a young creative team, we have demonstrated our creativity in many ways like ATL, BTL, web solutions etc,” a spokesman said.
IIT runners up for two consecutive years at Microsoft Imagine Cup
Today’s 21st century world is a competitive one where discoveries and technologies are made obsolete almost immediately. In this environment, the younger generation has a greater sense of urgency to establish and prove themselves.
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