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The Mint Report for 3 February 2010

The Mint Report for 3 February 2010
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First Published: Thu, Feb 04 2010. 12 37 AM IST
Updated: Thu, Feb 04 2010. 12 37 AM IST
New Delhi: There’s good news for job seekers out there. A global quarterly survey by the recruitment firm Antal International, says 71% of the Indian firms it surveyed were currently hiring, compared to around half in September. The survey asked 6,000 firms in 30 countries whether they were hiring at the managerial and professional levels and if they planned to do so in the next quarter.
Amway India Enterprises, reported a 25% increase in sales for 2009. The company reported sales of 1,407 crore rupees in the financial year ending December 31, 2009, compared to Rs. 1,128 crores in 2008. It’s targeting a turnover of Rs. 2,500 crores by 2012 and is expecting to grow 25% annually for the next 2 years.
The makers of aircraft like Airbus, Boeing, and EADS, are banking on Asia to pull the industry out its slump. According to Airbus, passenger traffic is likely to grow an annual average of 5.9% in the next 20 years, overtaking both the US and Europe. This would make Asia the largest air transport market. With a growing middle class that will likely be traveling more, Asia will need about 8,000 planes costing $1.2 trillion by 2028. In addition, its expected that demand for the helicopter market in the region will grow at least 10% in the next 10 years.
In the upcoming budget, The Railway Ministry may seek airtime from Doordarshan to disseminate railway related information to the public. Reports say that the ministry was considering a channel of its own along the lines of Lok Sabha TV but the investment required was too high. The airtime on Doordarshan would be used for information on train schedules, delays, accidents, and tourist-related information. Passenger traffic on India’s trains is growing at about 8% annually with 300,000 people booking tickets everyday.
And finally, Indian shares rallied 2%, led by Larsen & Toubro and ICICI Bank. The Sensex ended the day over 332 points higher to close at 16,496 and the Nifty went up 101 points to end the day at 4931.
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First Published: Thu, Feb 04 2010. 12 37 AM IST