The Mudra Group has launched a specialised unit for sports marketing called '10 integrated' that will offer its clients a wide range of services including sports research, licensing & merchandising, celebrity management consultancy and acquiring/creating sports related entertainment content for television and internet.
State Bank of India has received the Reserve Bank of India's approval for the proposed joint venture company with Societe Generale Securities Services (SGSS), for offering custodial services in India.
Pallab Sarkar of Hyderabad-based Mishra Dhatu Nigam Ltd (Midhani) has been awarded 'Metallurgist of the Year 2008' in non-ferrous group by the Union Steel & Fertiliser Ministry.
FICCI has entered into 50:50 JV with American Society for Quality (ASQ) called FICCI-ASQ Foundation for Innovation and Excellence.
Representative from reactor majors Hitachi Ltd, Mitsubishi Heavy Industries and Toshiba Corporation, visited India for talks with Department of Atomic Energy recently. The three leading Japanese firms are key members of global reactor manufacturing alliances that are in the fray for new Light Water Reactor orders in India.
Hitachi has a global alliance with General Electric Co for the nuclear power plant and services businesses. Mitsubishi Heavy Industries has a partnership with France's Areva. Toshiba had earlier taken over US reactor manufacturer Westinghouse Electric's nuclear business.
Royal Philips Electronics has acquired Mumbai-based Meditronics, a manufacturer of general X-ray systems. The Netherlands-based company is looking to shift a chunk of its R&D work to emerging markets.
A Delhi High Court judgment has directed Pepsico India to remove the picture of a "snow capped mountain" from the packaging of its bottled water brand Aquafina. The objection was to the suggestion that
the packaged mineral water originated in the mountains. The court has also directed Pepsi to add the phrase
"as per BIS standard" to its label along with its "purity guaranteed" phrase.
The Reserve Bank of India has decided to allow foreign companies to pick up to 49% equity in Credit Information Bureau under the Foreign Direct Investment (FDI) route.
Xerox India has showcased its five top-of-the-line office products in the printer category under the concept 'Colour-in-Office' with the promise of reducing the cost of colour prints by more than three-fourths.
EID Parry acquired 48% stake in Valensa International, a company engaged in nutraceuticals based in Florida, USA.
Tata Consultancy Services (TCS) has partnered with the Apparel Export Promotion Council (AEPC) in order to develop IT solutions for the 11,000-member companies registered with the latter.
State Bank of India and Indian Oil Corporation have joined the Volvo Ocean Race India stopover team as official banker and partner respectively.
Reliance Money, part of the Reliance Anil Dhirubhai Ambani Group, has launched a new e-commerce Web portal called reliancemoneymall.com for a range of financial products.
Wal-Mart Stores Inc has selected Mike Duke (58) to succeed Lee Scott as President and Chief Executive Officer, effective February 1, 2009. Scott will continue serving as Chairman of the executive committee of
the board.
Bajaj Entertainment Art Music Sports (BEAMS), a division of Bajaj International, is planning to acquire television and radio channels to mark its entry into the media industry.
Dabur India Ltd has acquired a 72% stake in Fem Care Pharma Ltd (FCPL), a women's skin care products company that owns brands such as Oxybleach cream, Botanica anti-ageing cream, Stratum colour protecting hair conditioners, SAKA men's bleach and Bambi fabric softeners.
HCL Technologies has completed its mega-acquisition of UK-based SAP consulting company Axon Group with a majority of Axon shareholders voting in favour of the Indian company's 650-pence a share offer. This
would mark the largest buy-out in the Indian IT industry – surpassing Wipro's $600-million acquisition of Infocrossing.
Taj Television Ltd, owners of Ten Sports, has won the exclusive production and telecast rights for all international cricket tours of Pakistan.
Chennai Super Kings, the Chennai franchise of the BCCI-IPL cricket team operated by India Cements, has launched Kings Club, an official club membership programme. A membership would offer the benefits of priority access to tickets and discounts for IPL home matches, discounts on team merchandise and photo opportunities with the cricket players.
State Bank of India has entered into a joint venture with Insurance Australia Group (IAG) to enter the general insurance market.
SBI already offers life insurance products through its subsidiary, SBI Life Insurance Company, which is a joint venture between SBI and the French financial services major BNP Paribas.
Chennai has displaced Mumbai as the most preferred destination for ITeS and BPO companies wanting to set up delivery centres in India, according to a study done by Dun & Bradstreet.
Nokia India has unveiled its "Touch Music" device, the Nokia 5800 XpressMusic and announced the scheduled launch of its Nokia Music Store.
Nokia Music Store, a part of the OVI, is an online music service that will deliver over a million tracks from
global hits to local artists and provide Indian consumers the freedom to enjoy music at their fingertips.
Salora Group promoted multi-brand retail format, Terminal, specialising in consumer durables, IT and telecom products has launched digital LCD photo frames under the brand Pandigital.
Suzuki Motor Corporation is considering purchase of stake owned by Managing Director of Suzuki
Motorcycles India Ltd (SMIPL), Satya Sheel, in its Indian two-wheeler subsidiary.
Suzuki Motorcycles India has launched its premium bikes Hayabusa and Intruder priced at Rs 12.5 lakh in India.
Sun Pharmaceutical Industries Ltd has acquired Chattem Chemicals Inc, a US-based narcotic substances producer and importer, for an undisclosed amount.
Tata Steel subsidiary Corus has sold its 50% stake in GrantRail Group Ltd to VolkerWessels, its joint venture partner.
Bharat Petroleum Corporation Ltd has signed a MoU with Airwings Services an agent of MoneyGram International to offer international money transfer service in India from its select retail outlets.
The Rural Development Institute (RDI), an international non-profit organisation working to secure land rights for the world's rural poor, has received a $6.7 million grant from the Bill & Melinda Gates
Foundation.
The grant will allow RDI to focus specifically on helping women in Orissa and West Bengal to obtain
ownership of small plots, and maximise the nutritional and income-producing potential of their land.
Department of Posts in partnership with Reliance Money has announced their move to sell 24-carat gold coins in select India Post outlets.
Dr Jamshed J. Irani, Chairman of affirmative action council of the Confederation of Indian Industry (CII) and Director, Tata Sons has suggested that the corporate sector should focus on enhancing employability of the under-privileged as part of their affirmative action.
M. Vidyasagar, Executive Vice-President at TCS, has been named the recipient of the IEEE Control Systems Award 2008 for his research in the field of control and systems theory.
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