Saturday, June 26, 2010

DTN News: India's Prime Minister Manmohan Singh And His Wife Gursharan Kaur Arrive At G20 Summit In Toronto (Presentation # 6)

DTN News: India's Prime Minister Manmohan Singh And His Wife Gursharan Kaur Arrive At G20 Summit In Toronto (Presentation # 6)
*Bollywood star Akshay Kumar will attend G-20 Summit in Toronto, Canada
Source: DTN News By Roger Smith - Special Feature
(NSI News Source Info) TORONTO, Canada - June 26, 2010: DTN News reports, Bollywood star Akshay Kumar will add a hint of glamour to the G-20 Summit being held in Toronto, Canada. The actor will be the guest of honour at an event, where the Canadian Prime Minister Stephen Harper will meet Indian PM Manmohan Singh today. Today is a big day for Akshay Kumar. The Indian Prime Minister, Dr Manmohan Singh, who landed in Toronto on Saturday for the G-20 Summit, will be attending a formal dinner at 8 pm at Toronto's Westin Harbour Cafe Hotel with the Canadian Prime Minister, Stephen Harper. "Mr Kumar was personally invited by the office of the Canadian Prime Minister," says spokesperson Pauline from Toronto. She refuses to divulge more details about the event "till a formal announcement from the PMO is made", but says that the actor will be making a speech to introduce the heads of state.
The event is being held at the Presidential House, where Akshay will also host the proceedings on four issues that will be addressed, 'Clean energy, India-Canada bilateral trade and economy strategy issues, and the way forward'. Incidentally, the actor has been holidaying in Canada with his wife Twinkle and son Aarav since he went there to shoot for Anees Bazmee's Thank You, and was more than glad to accept the Canadian PM's invite. Early this year, Harper had asked Akshay to be the torchbearer for the 2010 winter Olympics. A source close to the actor says, "When Harper spoke to Akshay about his involvement in the Olympics, he immediately agreed, and they were very happy with his participation. So he was an obvious choice this time." While Akshay was unavailable for comment, the source adds, "Akshay is very happy and considers this invite very prestigious."
*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News, contact:

DTN News: Indian Prime Minister Dr. Manmohan Singh Arrives In Toronto For G-20 Summit - Canada 2010, (Presentation # 5)

DTN News: Indian Prime Minister Dr. Manmohan Singh Arrives In Toronto For G-20 Summit - Canada 2010, (Presentation # 5) Source: DTN News By Roger Smith - Special Feature
(NSI News Source Info) TORONTO, Canada - June 26, 2010: Indian Prime Minister Dr. Manmohan Singh arrived in the Canadian city of Toronto at 10 15 a.m. local time Saturday, where he will spend the next two days participating in the fourth Group of Twenty Summit. Dr. Singh, his wife, Gurharan Kaur and the Indian delegation accompanying him were received at the Lester B. Pearson Airport here by officials of the protocol department of the Canadian Government and India's High Commissioner to Canada Shashishekhar Madhukar Gavai, besides others. Four personnel of the Canadian Mounted Police (CMP) marched up to Air India One with the flags of Canada and India to welcome the Indian Prime Minister and officials accompanying him. Dr. Singh has a hectic schedule ahead of him. This afternoon, he will have bilateral meetings with British Prime Minister David Cameroon and French President Nicholas Sarkozy. This will be followed by a ceremonial welcome for G-20 leaders. DTN News reports, tomorrow on Sunday, Dr. Singh will take part in the plenary sessions of the G-20 and other related activities. He will also have bilateral meetings with US President Barack Obama and Japanese Prime Minister Naoto Kan. He also expected to visit the memorial set up for victims of the June 1985 Air India crash, where he will lay a wreath. The Indian delegation will leave Toronto on Monday for Frankfurt en-route to New Delhi.
*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News, contact:

DTN News: Navistar Reaches Another Milestone In Its Global Growth Strategy; First Mahindra-Navistar Trucks Roll Off Assembly Line In India

DTN News: Navistar Reaches Another Milestone In Its Global Growth Strategy; First Mahindra-Navistar Trucks Roll Off Assembly Line In India
• 25-ton MN25 Rolls Out of Chakan Plant • Plant Has 50,000-truck Capacity • Other Mahindra-Navistar Variants to Roll Out in the Months Ahead
Source: DTN News / Navistar
(NSI News Source Info) PUNE, India - June 26, 2010: After unveiling its entire range of high-performance trucks at the Indian Auto Expo in Delhi earlier this year, Mahindra-Navistar Automotives Ltd. (MNAL) today announced the start of production as its first truck offering, the 25-ton capacity MN25, rolled off the assembly line in Chakan, Pune, India.
“The launch of the MN25 truck is a major step in the direction of making us a full range commercial vehicle player and the first step in materializing our vision to become the most trusted commercial vehicle brand in India,” said Rakesh Kalra, MNAL managing director. “In line with our philosophy to deliver outstanding value for our customers, the competitively priced, high-performance MN25 is one of the most powerful, fuel-efficient, rugged and comfortable 25-tonners to launch in India.”
According to Phil Christman, president, Navistar Global Truck Operations, the MNAL trucks are set apart from the competition by their quality, accessibility and heritage—each one designed from the ground up in India with that country’s terrain in mind.
The MN25 comes with a world-class cabin, which is spacious and ergonomically designed to suit Indian drivers for continuous long hauls. Powered by Navistar’s MaxxForce® 7.2-liter diesel engine, the truck delivers high performance and outstanding fuel efficiency.
“We promised that ‘OK will no longer be OK,’ and that the MN25 would revolutionize the industry,” said Nalin Mehta, chief operations officer, MNAL. “Today, with the first MN25 truck rolling off the line, every aspect of the truck symbolizes this philosophy and will help our customers outperform and prosper in their businesses and life. Delivering outstanding value coupled with far superior product performance will help customers to earn higher profits and better returns on their investments.”
“Honk OK Please,” is a phrase often found on the back of Indian trucks to let other motorists know to use the horn before passing the vehicles, as MNAL’s competitors’ trucks lack power and visibility. This inspired the MNAL truck launch campaign headline: “OK is No Longer OK.”
State-of-the-Art Manufacturing Facility
“Rolling out the high performance Mahindra-Navistar trucks is one of the finest manifestations of the state-of-the-art facility in Chakan,” said Dr. Pawan Goenka, president, Automotive and Farm Sector (AFS), Mahindra & Mahindra. “The Chakan plant is one of the most modern manufacturing plants in India, with a capacity of 50,000 trucks per year, and is set to create new benchmarks in automotive excellence.” The Chakan plant has a high-speed, fully automatic press line and is one of the three plants in the world of its kind. Beyond the production of the MN25, the remainder of the MNAL truck line-up will also be produced at the Chakan plant in the months ahead.
Sales and Distribution
With production underway, MNAL continues to secure orders and finalize its sales and service network. “We’re executing on our global strategy,” said Christman. “The launch of the MN25 will set a new benchmark for India by delivering trucks that raise the bar on craftsmanship, performance and power through a world-class dealer channel.” “The company is well on its way in setting up its infrastructure through exclusive dealerships on a massive scale which itself is a unique step for the trucking industry in India,” Kalra added. “Additionally the huge Mahindra network will be deployed for the after sales support of the trucks. Having started the production, we are gearing up for start of sales in the next two to three months and are moving rapidly to the pipelines with our products.”
About Mahindra-Navistar Automotives Ltd. (MNAL)
Mahindra-Navistar Automotives Ltd. (MNAL) is a joint venture between Mahindra & Mahindra Ltd. (M&M) and Navistar, Inc., North America’s largest combined commercial truck, school bus and mid-range diesel engine manufacturer. The joint venture will manufacture the entire spectrum of commercial vehicles (including trucks and buses) from 3.5-ton GVW to 49-ton GVW. The new product range will be engineered to meet Indian requirements with the technological support of Navistar. The new range will be manufactured at M&M's new Greenfield plant at Chakan, near Pune, which is spread across 700 acres.
Media Contact (Navistar): Steve Schrier, 630-753-2264
Media Contact (MNAL): Roma Balwani, Phone: (+91-22) 2490 1441
Investor Contact: Heather Kos, 630-753-2406

DTN News: Boeing C-130 Avionics Modernization Program To Enter Production

DTN News: Boeing C-130 Avionics Modernization Program To Enter Production
Source: DTN News / Boeing
(NSI News Source Info) LONG BEACH, Calif., - June 26, 2010: The Boeing Company [NYSE: BA] June 24., announced that the U.S. Air Force has granted the C-130 Avionics Modernization Program (AMP) approval to begin low-rate initial production (LRIP) following a successful Defense Acquisition Board Milestone C production review. The Milestone C review completes several intensive reviews by the U.S. Department of Defense and the Air Force, including engineering and manufacturing reviews, to prepare for LRIP. Boeing also performed an extensive flight-test program to validate the system's design and development. The first two LRIP aircraft are scheduled for induction in August and October at Warner Robins Air Logistics Center, Ga., where the Air Force will perform the Lot 1 installations. The first two kits have been delivered. Boeing will upgrade five of the 20 aircraft during LRIP. "This is a terrific day for our team and our Air Force customer," said Mahesh Reddy, Boeing C-130 AMP program director. "We have worked hard to ensure that this program is a success and will meet warfighter needs for many years. It is now time to move forward with the remaining LRIP installations and quickly return these aircraft to the fleet with comprehensive avionics upgrades for improved situational awareness and mission capabilities." The C-130 AMP improvements include a fully integrated, night-vision-goggle compatible, digital glass cockpit and new digital avionics that increase situational awareness and enhance safety. The AMP upgrade also brings avionics commonality to the C-130 fleet and flexibility in assigning aircrew, regardless of aircraft model. The three test aircraft will undergo Periodic Depot Maintenance at Warner Robins prior to being delivered to the Air Force C-130 AMP schoolhouse at Little Rock Air Force Base, Ark., where Initial Operational Test and Evaluation will be conducted. A unit of The Boeing Company, Boeing Defense, Space & Security is one of the world's largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world's largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space & Security is a $34 billion business with 68,000 employees worldwide. Contact: Jennifer Hogan
Boeing Maintenance, Modifications and Upgrades
Mobile: 405-818-7859
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DTN News: G-20 Toronto Summit - Canada 2010, (Presentation # 4) Muskoka 2010 G-8

DTN News: G-20 Toronto Summit - Canada 2010, (Presentation # 4) Muskoka 2010 G-8
Source: DTN News By Roger Smith - Special Feature
(NSI News Source Info) TORONTO, Canada - June 26, 2010: The G-8 leaders are meeting in Canada today. World leaders were searching for common ground on economics, health, security and other issues as three days of summits.Among the issues to be discussed will be fuirther sanctions on Iran over its nuclear programme – building on expanded Security Council measures adopted this month.
The US and EU want tough sanctions but China and Russia only reluctantly support sanctions, and have balked at new unilateral steps against Iran, saying any measures should not exceed those called for by the Security Council.According to DTN News, some 12 leaders representing the fast-growing developing economies including China, India and Brazil also arrived to attend the summit. US President Barack Obama has called for more spending to keep world economies from slipping back into recession. He is being rebuffed by leaders in Europe and Japan, who have emphasized cutting government spending and raising taxes to try to keep their deficits in check. Obama is also calling for an overhaul of financial regulations to prevent another global meltdown.
The G-20 group represents 85 percent of the global economy and the United States wants this group to endorse the outlines for global financial reform to eliminate the threat that banks facing tougher regulations in one jurisdiction will move their operations to countries with more lax rules. Unmet pledges getting special attention this year: the G-8′s vow in Scotland five years ago to double international aid to Africa by 2010 and to make significant strides in providing access to AIDs treatment to all who need it. Neither of those goals have been achieved. G8 comprises the US, Canada, Britain, Germany, France, Italy, Japan, and Russia.
*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News, contact:

DTN News: G-20 Toronto Summit - Canada 2010, (Presentation # 3) India

DTN News: G-20 Toronto Summit - Canada 2010, (Presentation # 3) India * G20 summit: Prime minister Manmohan Singh leaves for Toronto Source: DTN News By Roger Smith - Special Feature (NSI News Source Info) TORONTO, Canada - June 26, 2010: Prime minister Manmohan Singh today left for Toronto to attend the G20 Summit this weekend after an overnight transit halt in Frankfurt. *DTN News reports, Prime minister Manmohan Singh said last week at a meeting of foreign reporters that the country's economy is expected to grow at 8.5% in the current financial year. *Toronto Star's Haroon Siddiqui claims meeting India's Prime Minister Manmohan Singh at his residence in New Delhi, India and reports the fragile world economy needs more stimulus spending, not cutbacks, India’s Prime Minister Manmohan Singh told Siddiqui in an exclusive interview. Wading into the hottest topic of the G20 summit, he sided with Barack Obama against German Chancellor Angela Merkel and Britain’s David Cameron, who have both launched cutbacks and austerity programs to control mounting deficits and debts. Without naming names, Prime Minister Manmohan Singh made it clear where he stands: “My own feeling is that early fiscal retrenchment carries very considerable global risks” of jeopardizing worldwide economic recovery. “The purpose of G20 should be to ensure that the momentum of recovery is sustained and enhanced in the years to come,” Prime Minister Manmohan Singh told Siddiqui.
*DTN News elaborate further on the subject, ahead of the G-20 Summit in Toronto, Prime Minister Manmohan Singh on Friday said it was necessary for the global economy to continue to recover in a stable and predictable manner without succumbing to protectionist tendencies. “We need investment and capital flows, as well as an open and rule based trading system that does not succumb to protectionist tendencies,” Prime Minister Manmohan Singh said in a statement before his departure for the two-day Summit from Saturday during which he will also have talks with US President Barack Obama and other leaders. Cautioning that the recovery of the global economy was “still fragile and uneven” with new “worrying signs emerging in the Euro zone”, Prime Minister Manmohan Singh said the challenge for the Toronto Summit will be three-fold. These challenges would be to ensure that global economic recovery is durable, balanced and sustainable; to calibrate exit strategies in the light of growing concerns over expansionary fiscal policies; and to focus on medium and long-term structural issues relating to governance issues, he said. “As the Indian economy grows and further integrates with the international system, we have an increasingly direct stake in all these matters,” he said, adding to meet “our ambitious development targets it is necessary that the global economy continue to recover in a stable and predictable manner.”Singh said the coordinated policy actions taken by the G-20 countries since November 2008 have not only helped to prevent a crisis of the type the world saw in the 1930s but also contributed to global economic recovery. “This is a sign of the G 20s success. At the same time, we have to be conscious that the recovery is still fragile and uneven. New worrying signs have emerged in the Euro zone,” Prime Minister Manmohan Singh said.
*Indian Economy 2010 Overview: Compiled analyzed and researched by Roger Smith (KV) DTN News It’s almost a decade since we entered into the 2000s. Economic growth in these years wasn’t so impressive for the western economies. It proves to be one of the worst economic period for those economies. Indeed, the so-called fastest growing economies (such as India, Brazil, China, Mexico, Russia, and Indonesia) have seen a unprecedented economic expansion because, the eastern economies were the producers and the western economies were the consumer and the same trend would likely to continue as the companies, nowadays, are more conscious about the cost. Rising input cost (or raw material) are forcing the corporations in the industrialized economies to shift their focus on the cost-effective region to keep up the pricing competitiveness in the specific industry, they are in. Change in consumer trend is also major concern for the companies to invest more in the process of innovation, research and development (R&D). As the economic pace is picking up, global commodity prices have staged a comeback from lows and global trade has also seen a decent growth over the last two years. Unprecedented Government intervention and exceptionally large interest rate cuts by the central bank in advanced and emerging economies have contributed a lot to pull the global economy up from the deepest recession since the World War II. Several Governments around the world launched the stimulus packages to prop up the economic growth, generate employment opportunities and the overall economic growth with the aim to reduce uncertainty in the economy and increased confidence. In this VMW research, we’ll discuss about the overall economic prospect for the year 2010 and the how the Indian Economy emerge from the ongoing economic repairment. *Economic Prospect For Year 2010 Global economy is seems to be expanding after a recent shock. Indian Economy, however just felt the blow of the global economic recession and the real economic growth have seen a sharp fall followed by the lower exports, capital outflow and corporate restructuring. It is expected that the global economies continue to stay strong in the short-term as the effect of stimulus is still strong as tax cuts are working their through the system and infrastructure projects will come through in early 2010. Due to strong position of liquidity in the market, large corporations now have access to capital in corporate credit markets. Year 2009 has started on the gloomy note, however the trend reversed from the first quarter of the year, financial markets posted strong gains fueled by huge amount of capital inflows which was set-aside during the economic downturn in search of a higher yield. Number of companies jumped into the equity markets to raise funds to de-leverage themselves, corporate risk have declined. Before the beginning of the economic recession, several companies betted on the better economic future and blindly raised funds thru various options (largely in a way of debt). Real Estate was the hardest hit industry during the recession. Many companies even offloaded their huge amount of stake, in order to meet the deadline to pay-off the short-term debt. Not only the realty companies which has faced that situation, actually many Small & Medium Enterprises (SMEs) have opted that option to expand themselves aggressively and routed out of the business. As the new year begins, the new wave of optimism has surrounded the economies to expand further from the recent shock, with the expectations of fresh stimulus package, shrink in unemployment rate, expectations of the high inflation, higher interest rates in the emerging economies. Over the next few months, inflation would be a worrisome for the economies. According to the estimates, inflation would likely to reach up to 10%, resulted, the expectations of the monetary policy tightening from the Reserve Bank of India in the second quarter review of monetary policy. Asian economies – Chinese economy in particular, along with India are in the strongest place for a sustained recovery. There are increasing signs of a recovery in a private domestic demand and expected to grow at 8.5% in the current financial year.
*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News, contact: