The rupee opened higher eight paise at 66.54/$ against US Dollar Monday as against the previous close of 66.62/$. The rupee opened higher eight paise at 66.54/$ against US Dollar Monday as against the previous close of 66.62/$. On the economy front, Fiscal deficit in the first five months of the current fiscal stood at Rs. 4.08trn, which was 76.4% of Budget estimates for 2016-17. India's eight core industries, which have a weight of 37.90 percent in the Index of Industrial Production (IIP), grew by 3.2 percent in August, 2016 as compared to the same monthof the previous year. Nikkei Manufacturing PMI for Sept will be announced today. The monetary policy committee (MPC) meets today and tomorrow and the new RBI governor will announce the policy post lunch tomorrow. The dollar is firming up while the sterling hit over a month-low after Britain set a March deadline for Brexit. Market participants are anxiously awaiting the Monetary Policy Review on October 4, the first to be held under the newly appointed RBI Governor Urjit Patel and the first to be decided by a six-member panel. On the global front, the US non farm payrolls report for September would come on Friday. India's foreign exchange reserves increased by $1.2 billion to $371 billion in the week ended September 23, the Reserve Bank of India said. The Indian currency ended higher by 24 paise at 66.61/$. The local unit had hit a high of 66.75 and a low of 66.81. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.65 and for the Euro stood at 74.75. The RBI’s reference rate for the Yen stood at 66.05; reference rate for the Great Britain Pound (GBP) stood at 86.4242. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Jewelers Contract , Commodity market tips , call @ +91-7415033556 or fill form http://tradeindiaresearch.com/freetrial.php
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As CEO, Rao will lead the creation and growth of Ford Smart Mobility LLC’s various businesses, including the recently announced City Solutions business, the Chariot shuttle business and Greenfield Labs, Ford Smart Mobility LLC’s business model incubator. Ford Motor Company is announcing today the appointment of Rajendra “Raj” Rao as Chief Executive Officer of Ford Smart Mobility LLC, Ford’s subsidiary working to design, build, grow and invest in emerging mobility services. Rao will report to Jim Hackett, Ford Smart Mobility LLC Chairman, and be based in Palo Alto, California. “Ford Smart Mobility is a significant growth opportunity for Ford,” said Hackett. “Raj has deep experience in digital transformation, new business model cultivation and start-up partnerships. He is the right leader to lead the delivery of mobility services globally and bring to life our vision to change the way the world moves.” As CEO, Rao will lead the creation and growth of Ford Smart Mobility LLC’s various businesses, including the recently announced City Solutions business, the Chariot shuttle business and Greenfield Labs, Ford Smart Mobility LLC’s business model incubator. Rao: Experienced Transformational Leader Rao has created, built and transformed businesses for iGATE Capital, Brunswick Corporation and, most recently, 3M. As the vice president of digital business model innovation at 3M, Rao led the company’s Silicon Valley digital hub and Internet-of-Things projects, based in Redwood City, California. He was in charge of developing new business models for the commercialization of customer solutions in the connectivity space with a special focus on smart cities, wearables and digital wellness. Rao also was responsible for championing ecosystem partnerships in collaboration with Silicon Valley accelerators and Internet-of-Things labs. Prior to 3M, Rao led the international operations of Life Fitness as part of the Brunswick Corporation leadership team. In this role, Rao improved sales by nearly 35 percent and drove profit margins from five percent to 12 percent. During his time at Brunswick, Rao also co-created Redberri, an open source XML-based middleware system for connecting systems not originally designed to talk to each other. In addition, he secured several patents for Vivo, a wireless fitness management product used widely in the industry. “I am energized by the opportunity to develop and grow Ford’s new mobility businesses, leveraging the company’s inherent strengths,” said Rao. “I have spent the better part of my career unleashing the power that exists globally with ecommerce, connected devices and digitization. The opportunity now to apply that experience and passion for innovation to helping Ford change the way the world moves is the perfect culmination.” A native of Bangalore, India, Rao began his career as a financial analyst at Procter & Gamble. He has significant global experience, having worked in and led business operations in Asia, Europe, Middle East and North America. He has a bachelor’s degree in economics from the Shri Ram College of Commerce at Delhi University and a master’s degree in management from Boston University. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Jewelers Contract , Commodity market tips , call @ +91-7415033556 or fill form http://tradeindiaresearch.com/freetrial.php
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January 2017
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