Sunday, May 2, 2010


News in brief: Business & Economy

A professor at Carnegie University in the US, Scott Fahlman is credited to have been the

inventor of the smiley emoticon in 1982, when he first used colon, dash and brackets as

part of expressing his feelings on the university's electronic message board.

Shemaroo Entertainment has launched its first three titles–'Downfall', 'All About My

Mother' and 'Amen' under its World Cinema label.

Fiama Di Wills has launched Shine In Style, a new shampoo variant, expanding its

premium range of shampoos to five.

ITC Welcomgroup, the Hotels Division of ITC Limited was conferred the NCPEDPShell

Helen Keller award for the third time in recognition of its substantial contribution

to the cause of promoting employment opportunities for differently abled people over an

extended period of time.

Bangladesh's government launched its tourism brand name 'Rupomoy Bangladesh'

(Beautiful Bangladesh) in a bid to attract tourists from home and abroad.

Dooars and Terai tea, which account to about 30% of the total tea produced in India, can

now be distinguished by its new brand mark - an elephant standing against the backdrop

of tea bushes. This is the fourth tea logo in the country. Tea produced in Assam,

Darjeeling and the Nilgiris already have their own logos in place.

Coca-Cola is getting into the unsweetened, flavoured-water category with the launch of

Dasani Essence that will have no sugar, no calories and no preservatives. PepsiCo offers

Aquafina FlavorSplash, which is also a no-calorie and all-natural drink.

Italian eye-wear major Luxottica is venturing into the Indian market and plans to set up

exclusive outlets under the brand name Sunglass Hut.

Harlequin Mills & Boon India, one of the world's leading publishers of romance, has

started a short story-writing contest, called Passions, exclusively for India.

Compact Disc India (CDI) will invest $63 million for an animation feature film and

multi platform gaming project with legendary Brazilian footballer Pele.



(3) of (9)

Barclays of UK has become the first bank in Europe to pilot Microsoft Surface

technology, which will allow users to 'grab' digital content with their hands and navigate

for information about premier banking with simple gestures and touches.

The Microsoft Hyderabad campus has kicked off its annual 'Giving' campaign and

community week that encourages employees to take up social initiatives throughout the


Apple files ''swipe gesture'' patent for touchscreens news

Apple Inc., maker of the iPhone and iPod Touch media player, filed a patent application

for software that lets users control computers and phones using swipes of their fingers.

Apple's system would allow users to insert spaces, line breaks and uppercase characters

by swiping the screen rather than pressing keys, according to the application titled "Swipe

Gestures for Touch Screen Keyboards."

India is now the world leader in production of organic cotton with an output of 73,702

tonnes in 2007-08 according to Organic Exchange's Organic Cotton Farm and Fibre

Report 2008

NXP Semiconductors India has developed a solution based on RFID (Radio Frequency

Identification) technology that will help oil companies prevent commercial use of LPG

cylinders meant for homes.

Shipping Corporation of India's new VLCC (Very Large Crude Carrier) 'Desh Viraat'

collided with a small cargo vessel on its maiden journey off Korea.

Religare Enterprises has agreed to acquire Lotus India Asset Management Company

from the majority shareholders, Alexandra Fund Management, an affiliate of Singaporebased

Fullerton Fund Management Company Ltd and India-based Sabre Capital.

The Hotel Leela Ventures-operated 'Rio' became operational in 2008 while Goa

Coastal Resorts and Recreation's Pride of Goa and the Victor group of Hotels' Kings

Casino commenced subsequently. Casino Royale, operated by High Street Cruises and

Entertainment that opened in Oct 2008, is the latest to join the fleet anchored in the

Mandovi River. The Advani Pleasure Cruises operated 'The Carvela', launched in

2002, was the first offshore casino in India.

MTV has already launched a line of clothing called MTV Gear by licensing its brand to a

Bangalore-based clothing manufacturer (Primus Clothing).



(4) of (9)

Haier Mobile has launched its Icon series handsets under the brand name 'Sumukha' for

Tata Indicom.

MTV India is planning to enter the stationery segment in collaboration with Ballarpur

Industries Ltd to launch a rage of notebooks and diaries under the MTV brand.

Collaboration with the jeans wear brand of Wrangler to manufacture helmets under the

MTV franchise is also on the cards. MTV is using its highest TRP-driven programme —

Roadies — and building it as a mini sub-brand.

After the introduction of Barish Bima Yojna (BBY) for kharif crops in 2004, Iffco-

Tokio General Insurance Company evolved a variant of its weather insurance product —

Mausam Bima Yojna (MBY) — recently.

After 'Aamchi Mumbai', 'Hamaari Delhi' and 'Namma Bengaluru' campaigns,

digital imaging company Canon India launched 'Namma Chennai'. The initiative is

aimed at reaching out to regional markets which have been the company's focus to garner

better market share.

Indian captain Mahendra Singh Dhoni will now be endorsing Dabur's Chyawanprash

already being endorsed by Amitabh Bachchan.

The Centre for Monitoring Indian Economy (CMIE) has been authorised by the

Department of Industrial Policy & Promotion (DIPP) to collect production data from

industrial units on its behalf for compiling the new series of Index of Industrial

Production (IIP). Production data relating to 209 products is compiled by DIPP for the

IIP. The remaining data is collected by the Central Statistical Organisation (CSO) from

other agencies.

In a bid to bring smaller players on the electricity trading platform, the country's first

power bourse — Indian Energy Exchange (IEX) — has lowered the minimum tradable

volume under the day-ahead market to 1 mega watt (MW), from the earlier limit of 10


B Ramalinga Raju, Founder-Chairman of Satyam Computer Services, has received the

Frost and Sullivan Excellence in Leadership Award for 2008 in November 2008.

Indo-Russian joint venture Ural India Ltd and Chinese public sector automobile

company First Auto Work (FAW) signed a memorandum of understanding to form a

small car and bus manufacturing unit in West Bengal.



(5) of (9)

Chennai-based Exim Rajathi has entered into an agreement to export tea to Pakistan

where it is being marketed under the brand 1013 Janoowala and sold in countries such as

Afghanistan, Iraq and even as far as Russia.

Man Booker Prize 2008 winner Aravind Adiga has decided to donate a part of his prize

money to his alma mater St Aloysius College of Mangalore to start a special scholarship

for the higher education of under-privileged children.

Taj Hotels, Resorts and Palaces has launched two new 'Safari' destinations in the

forests of Madhya Pradesh–Pashan Garh and Banjaar Tola in Panna National Park

and Kanha National Park respectively.

The automotive aftermarket division of Bosch, which at present has 250 outlets offering

after sales services for all brands of cars under the business unit Bosch Car Service, is

mulling options to offer after sales service for two-wheeler of all brands.

Wipro Furniture has launched a new range of office furniture — I'M, which, the

company claims, is India's first Leg and Beam based system.

Larsen & Toubro and Malaysia-based Scomi Engineering will together build the

country's first monorail system in Mumbai.

BSA Motors, a new business unit of Tube Investments of India (part of Murugappa

group), has launched five models of eScooters and has signed on South Indian actress

Tamannah Bhatia to endorse the brand

MMTC Ltd has bagged the Capexil (Chemical and Allied Products Export Promotion

Council) award for 17th time in a row.

Oil and Natural Gas Corporation has signed an MoU with Uranium Corporation of

India for joint cooperation in uranium exploration and development.

Sterlite Industries has bagged the CII-EXIM Bank Award for Business Excellence at

the 16th CII Quality Summit held at Bangalore.

Satyam Computers, the official IT services' provider for FIFA World Cup in 2010

(South Africa) and 2014 (Brazil), will organise the Satyam Football Challenge every

year in India.

Novatium Solutions has partnered with BSNL to bundle its Nova netPC along with

broadband connection.



(6) of (9)

Sify Technologies has announced revamped mail service from Sifymail called WIYI

(World In Your Inbox).

Rajiv Gandhi International Airport, the country's first greenfield airport developed

under the public-private partnership initiative, was inaugurated at Shamshabad near


Japan's largest mobile operator NTT DoCoMo (acronym for Do Communications Over

the Mobile Network) picked up a 26 per cent stake in Tata Teleservices (TTSL) for a

consideration of $2.7 billion or Rs 13,070 crore. The Japanese company offers its services

and data applications under the brand i-mode and is known for its mobile applications

such as 'Imadoco' and 'Osaifu-Keitai'. The first one is a service that allows the user to

know the exact location of his friends and family using GPS on mobile phone while the

latter is a mobile commerce platform.

Survey of India (SoI) has entered into an agreement with Tele Atlas Kalyani India

(TAKI) to allow it to release SoI-approved digital maps of India. TAKI, formerly

Kalyani Net Ventures Ltd, is a 60:40 joint venture between Tele Atlas Asia Pacific and

the Kalyani Group formed in April 2008.

HCL Infosystems has launched the HCL Leaptop Series 39 laptop, which are specially

designed for Indian conditions.

Paramount Airways has launched its 'frequent flier' programme and packaged it as a

'lifestyle product' in which points accumulated can be redeemed for a variety of lifestyle

products such as golf course memberships. The airline has also launched 'Royale

Concierge' — a portal through which a frequent flier could avail himself of a range of


The Kandla-based Jaisu Shipping and Tata Consultancy Services have joined the

Volvo Ocean Race India Stopover Team as sponsors, supporting the hosting of stopover

event, being hosted by Cochin Port Trust and Kerala Tourism.

Dr Reddy's Laboratories has launched an initiative called Roshni to create awareness

on diabetes among the public and facilitate early intervention for children by propagating

healthy living habits.

A $30-million commitment from Yale University and $5 million from Infosys cofounder

Nandan Nilekani has funded the "Yale India Initiative" that will be used to

create faculty positions, curricular and scholarly programmes and research leading to an

increased engagement with India.



(7) of (9)

Wipro Technologies and Oracle have announced the launch of the innovative solutions

lab (OZONE) that will be used to co-develop solutions across specific industry processes

in human capital and customer relationship management and supply chain management.

Intel has launched Intel® Core™ i7 processor, which it said was 'the fastest desktop

processor on Earth'.

World's first electronic auction of tea was organised by the Calcutta Tea Traders

Association in partnership with the Tea Board, in Kolkata recently. The buyers were

Bajaj Enterprise, Gujarat Tea Processors & Packers, Duncans Tea, Asia Tea & Exports

Ltd and M.K. Corporation.

The Delhi headquartered Bharat Hotels is to call all its hotels 'Lalit' instead of the name

The Grand by which they are known at present.

DQ Entertainment has signed an agreement with Turner Networks to produce

animation series Balkand and Ravan, based on the mythology Ramayana.

Chennai-based CaratLane, a Web site to sell certified and high-quality diamonds as well

as readymade and custom-made diamond jewellery was launched recently.

Comedian Jerry Lewis will receive the Jean Hersholt Humanitarian Award at the

Academy Awards ceremony in February. The 82-year-old actor has raised over $2 billion

(£1.3bn) for the Muscular Dystrophy Association through his annual Labor Day telethon.

Sri Lankan off-spinner Muttiah Muralitharan will promote Kentucky Fried Chicken's

(KFC) 'Zinger' Burger. The campaign uses Murali's unique bowling action to drive home

KFC's 'Finger Lickin' Good' brand proposition.

The fourth and final phase of the National AIDS Control Organisation (NACO)

campaign launched in association with the BBC World Service Trust (BBCWST) aims at

promoting condoms and India's HIV/AIDS control efforts centers on a puppy called

'Condom'. The film summarises this in the tagline, 'Jo Samjha Wohi Sikander' (The

One Who Understands is the Winner).

In its first phase, the Condom campaign featured a Jo Bola Wohi Sikander contest,

which ran from 1 December to 20 December 2007. Phase 2 was a national campaign,

with a TV and radio ad featuring a 'kabaddi' match. Phase 3 featured condom ringtone

ads in August and September 2008.



(8) of (9)

Sweden's AB Electrolux, which had shut its Indian operations and sold assets and brand

rights to Videocon three years ago, is moving back to India and is planning to launch

built-in kitchen appliances under the Electrolux brand. Xcite, a multi-brand electronics

retail chain will sell Electrolux's Frigidaire in India.

Frigidaire, which has a range of products, including refrigerators, water filters, washing

machines and air-conditioners, was earlier owned by General Motors. It has been with

Electrolux since mid-80s. Electrolux products are now manufactured, marketed and

distributed by Videocon Industries. Videocon owns the brand rights for Electrolux for

five years which expires in 2010.

Swimwear and beachwear company Banana Moon, set up in 1986 by Daniel

Flachaire, Véronique Flachaire, Bernard Donati and Nat Maori, has made its debut in


Arvind Limited, the textile and apparel company, will be demerging its branded apparel

and retail business which operates under the MegaMart brand into wholly owned

subsidiaries from 1 April 2009.

The branded apparel business which markets Arrow, Flying Machine, Newport, and

Excalibur will be demerged into Arvind Lifestyle Brands. The retail business which

operates under the banner of MegaMart will be demerged into Arvind Retail. Under the

MegaMart banner, Arvind presently has about 150 stores across the country along with

the license for world's largest value brand Cherokee.

Tata Indicom has appointed two brothers from cricket – Yusuf Pathan and Irfaan

Pathan as brand ambassadors in its ad whose punchline is 'Suno Dil ki Awaaz'.

Femina magazine has launched a new monthly 'What to Wear' targeted at 25+ SEC A

women which is complimentary with Femina.

Titan Industries has unveiled Braille watches designed for the visually impaired,

branded Titan Braille.

The India Today Group is planning to launch Harper's Bazaar and Robb Report in

the Indian market.

The Robb Report is a luxury lifestyle magazine, featuring products such as cars,

watches, and real estate for affluent connoisseurs. It was originally started by Robert

White as a magazine to complement the purchase of a Rolls-Royce automobile.



(9) of (9)

The Reserve Bank of India has reduced the short-term indicative rates — the repo rate

and the reverse report rate by 100 basis points each to 6.5 per cent and 5 per cent —

with effect from December 8.

The Union government has approved a hefty hike in the salaries of executives and nonunionised

supervisors of Central Public Sector Enterprises (CPSEs). Only profitmaking

CPSEs would be eligible for implementing the revised pay scales.

Wadhawan Food Retail launched its 50th Smart Store in Karnataka recently.

Wadhawan Food Retail operates multiple food and grocery brands including Spinach in

Maharashtra and Kolkata, Sabka Bazaar in Delhi NCR and Smart in Karnataka,

launched its 50th Smart Store recently.

Wadhawan Food Retail also has a home décor and utility lifestyle store called 'The

Home Store' in Delhi NCR, Jaipur and Bangalore.

Harper's Bazaar is an American fashion magazine that was launched by Harper Brothers

in 1867 as a weekly in New York. It became a monthly later and was re-launched as

Harper's Bazaar by William Randolph Hearst in 1913. Harper's Bazaar considers itself

to be the style resource for 'the well-dressed woman and the well-dressed mind'.

The Indian Railway Catering Tourism Corporation (IRCTC), the tourism arm of

Indian Railways, is tying up with travel company Cox and Kings to launch the largestever

luxury rail service in India.

Tata Tea has launched its Tata Tea Jaago Re Soccer Stars campaign targeted at

schoolchildren through which the company plans to promote football among school

children and provide them an opportunity to participate in the Arsenal International

Soccer Festival.

Medical care provider Apollo Health and Lifestyle plans to expand its presence across

the country under the formats 'Reach Hospitals' and maternity hospital chain, Cradle.

Prime Minister Manmohan Singh launched India's first 3G mobile services of

Mahanagar Telephone Nigam Limited (MTNL) in Delhi.

The Asian Forum on CSR, Singapore, awarded Hindustan Zinc (a company of Vedanta

Group in zinc business) the Asian CSR Excellence Award 2008 under the Poverty

Alleviation Category for the "Zinc Integrated Poverty Alleviation Programme


No comments:

Post a Comment