Lucky them: 100,000 Nano buyers selected Tuesday, Jun 23 2009 

Mumbai: Tata Motors, makers of the Nano small car, on Tuesday said it has completed random selection of the first 100,000 applicants who would buy the vehicle in the first phase and that delivery will begin next month. “Tata Motors once again places on record its gratitude to the people of India for according such a warm welcome to the Tata Nano, as also to all its preferred financiers, dealers and partner companies for their stupendous effort in helping the company launch the Tata Nano,” the company said in a statement.

The selection was made through a random computerised process after bookings closed on April 25. About two lakh bookings, which began April 9, were made across Tata Motors dealerships and State Bank of India (SBI) branches. This was, however, much lower than what was expected. The selected applicants will be contacted individually, the statement said, adding that delivery will begin next month and continue till the last quarter of 2010.

India’s third largest passenger car maker said 55,021 applicants out of the 106,703 not selected in the first phase had exercised the option to retain their booking. They will be given preferential allotment in the second phase.

Additionally, they will be entitled to an interest of 8.5 percent on the booking amount if the car is delivered within two years (June 23, 2011), and 8.75 percent after that date. The booking amounts of the unsuccessful applicants shall be returned, the statement added. The company will also be offering the unsuccessful applicants “an exciting offer on the Tata Indica range”, the statement read.

India, China saved developing economies from shrinking: WB Tuesday, Jun 23 2009 

The World Bank on Monday warned that developing economies would have shrunk if it were not for India and China. The developing nations are projected to grow 1.2 per cent this year and without China and India, these economies would have contracted 1.6 per cent in 2009.

Meanwhile, the World Bank forecast India’s economy to expand by 5.1 per cent this fiscal, the slowest in six years, although the country has consistently outperformed the multilateral funder’s estimates in the past. The Indian economy had grown by 6.7 per cent in 2008-09 against the World Bank’s estimate of 6.1 per cent, despite recession setting in most of the developed nations.

“Almost two years after problems in the US mortgage market set in motion the biggest financial crisis since the Great Depression, global financial markets remain unsettled, and prospects for capital flows to the developing world are dim,” the Bank said in its report – ‘Global Development Finance: Charting a Global Recovery’.

Dhoni & co fail to save face Wednesday, Jun 17 2009 

Dhoni and his boys failed to save face at the ICC world T20 with yet another defeat. This time with 12 run loss to the Proteas in their final super 8-match. Team India failed to chase a target of 131 runs after having restricted South Africa to the paltry total. India’s defeat meant that they have lost all their super 8-matches — a shameful performance from team India, who were pipped as the favourites before the tournament began.

India captain Mahendra Singh Dhoni said poor form of the key batsmen, including himself, resulted in the team’s morale-shattering defeat against South Africa in the Twenty20 World Cup on Tuesday (June 16).
The defending champions cut a sorry figure last night when their much-vaunted batting order failed to chase a modest victory target of 131 runs and sunk to their third straight defeat in the tournament.

Dhoni held the mis-firing batsmen responsible for tonight’s defeat. “I don’t think condition was the issue here. Form of some of the players, including me, was the major factor (behind the defeat,” a dejected Dhoni said after the match. “We played with six frontline batsmen and the seventh is an all-rounder. When three of them don’t click in a match like this, it becomes really very hard. Throughout the tournament I think we bowled well, wherever we played but we lacked a few things when it comes with the batting,” he added.

“Batting wise we were really not up to the mark and unfortunately, throughout the tournament it happened. When we come back in nine months time, hopefully we will be a better prepared side,” Dhoni said, referring to the next Twenty20 World Cup. In a clear sign that his popularity has taken a beating after India’s disastrous show in the tournament, Dhoni was booed after the match.

Asked about the crowd support, Dhoni said,”The kind of support we get when we play in England. But we have to win games, else we will get booed at the end of the game.” Dhoni was not ready to believe that the Indian team had turned bad overnight and felt they just could not click on those particular days.

“In this format, it’s not about what kind of side you are but what you do on that particular day. in all three department. It’s a game where you have to be there throughout the 40 overs,” Dhoni explained. His South African counterpart Graeme Smith was happy with the way his team defended a modest total.

“It was a good total. It wasn’t a great wicket and the way we defended was great. It showed how far we have come in thinking and the options we have,” Smith said. “The slow bowlers bowled really well. They did a great job today and were well supported in the field. We are excited for the semi-finals. We have adapted to every surface we have played. We will play Pakistan on Thursday and we are very excited,” Smith said.

Teammate AB de Villiers, who was adjudged Man of the Match for his brisk half-century, said it was not easy scoring on Trent Bridge’s sluggish track. “I don’t think it was the fanciest knock of my life. The trick is to be solid in the first 20 balls and then you can start expressing yourself. It was important to take singles and twos. Later on in t innings, you can look for the big shots,” he said.

T20 WC: India set to face ‘Gayle storm’ Friday, Jun 12 2009 

Its a big day for the men in blue at the T20 world cup. It just gets tougher from here as they face the Calypso Kings West Indies in their first match of the Super 8 stage at Lord’s on Friday (June 12).
Despite the controversies off the field, Dhoni’s boys have been in great form out in the middle, so far, but the big Test starts today.

Tendulkar backs India to retain World T20 crown Friday, May 29 2009 

msdhoni

Chennai: Batting great Sachin Tendulkar believes India will retain the Twenty20 World Cup next month, saying skipper Mahendra Singh Dhoni’s team is the world’s best in the most explosive form of the game.  “India is the most balanced side in the world and there is no doubt we can defend the title,” Tendulkar told the DNA newspaper on Thursday.

“We have very good cricketers in our side and we have proved that this combination is the deadliest,” added the record-breaking batsman, who does not play in Twenty20 internationals.