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Striking government
It wasn’t just ordinary passengers who suffered the brunt of the recent Air India strike. West Bengal Finance Minister Asim Dasgupta came to Delhi to attend a meeting on Goods and Service Tax (GST) with finance ministry officials. After which, he met Finance Minister Pranab Mukherjee. While Mukherjee’s office had kept an hour for the meeting, Dasgupta was in a hurry and spent just half the time since, with the Air India flight cancelled, he had no option but to leave on the earlier flight of a private airline.

No need to press panic button: analysts
The Dubai debt repayment woes have dragged down markets across the globe, but analysts are still optimistic and believe that investors here should not press the panic button instead hold on to their portfolios as the downslide is only momentary.

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Lisbeth Salander returns
The late Swedish journalist/author Stieg Larsson was the man behind Lisbeth Salander — the undeniably twisted and talented female protagonist of his “Millennium” trilogy. The second part in the series, The Girl Who Played With Fire, translated from Swedish by Reg Keeland, continues from where the first book left off — asocial heroine Salander once again back to her punch-throwing, expert computer hacking ways that she honed as a former security analyst in Stockholm, spinning yet another edge-of-the-seat crime thriller. Interestingly, Larsson’s father Erland Larsson, while receiving an award for his late son last year, revealed in an interview that the character of Salander seems to have been inspired by his son’s niece Terese, to whom the author had been very close.
Public Relations

Festive season sales push up retail targets

This festive season has been successful enough in pushing sales for companies to revise upwards their year-end targets. A survey by the Federation of Indian Chambers of Commerce and Industry (Ficci) says demand conditions have improved across sectors. - FMCG sector may grow 20% in July-Sep period: Assocham - MFs set to deploy Rs 13,957 cr in the market - Transport hurdles stalling power production at NTPC plants - Govt to allow telecom towers in border areas - Employment outlook flat, says report - Gender bends The survey states there is a definite improvement in demand at the retail level. Retailers of leading automobile, consumer durables and FMCG (fast moving consumer goods) brands say the month of September saw a substantial jump in sales for products across segments. Retailers reported a 45 per cent increase in footfalls and a 30 per cent increase in sales. The trend is expected to continue in the coming months. The highest degree of optimism was reflected by auto companies, which have seen sales go up well since the middle of this year. Many companies reported a sales increase of up to 25 per cent in the current season. According to representatives of auto companies, the stimulus package announced for the economy by the government has had a definite impact on their sales. The lowering of excise duty gave a definite boost. More, the launch of new models, lowering of interest rates by banks on auto loans, reduced loan processing fee and the sixth pay commission award were some other reasons contributing to higher sales. Companies have reported that while last year interest rates on auto loans were in the range of 12-15 per cent, this has now come down to 11-12 per cent. FMCG majors like Nestle, Cadbury, Coca-Cola, Pepsi and Dabur, and leading sweetmeat manufacturers like Bikanervala and Haldiram are expecting a sales growth of around 20 per cent in their food products during the Diwali season. Dabur is already observing an increase of around 15-20 per cent in sales volume of fruit juices through gift packs launched specifically for the festival. Similarly, sweet houses are expecting a 20-25 per cent increase in sales volume. On an average, the big retailers are expecting 30-35 per cent increase in sales this Diwali.


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