India Business Insight articles from December 2010

India Business Insight archives from December 2010

BHARTI TELETECH PARTNERS WITH AVAYA (to sell and distribute Avaya's unified communications and contact centres solutions and services in India).
December 31, 2010... Bharti Teletech has inked an agreement with Avaya under which Bharti Teletech will sell and distribute Avaya's unified communications and contact centres solutions and services in India. With this alliance, Avaya will be able to utilise...

RELIANCE FORAYS INTO HANDSET DISTRIBUTION (has signed up more than 1,200 handset retailers and MBOs).
December 31, 2010... Reliance Webstore Ltd has ventured into the handset distribution business in addition to its current business of handset retailing through Reliance World and Reliance Mobile stores. Reliance Webstore will use the Hub-and-Spoke model for its...

RCOM AND ATOM SIGN PACT (enables RCom to offer a platform to conclude payment transactions using Reliance Mobile).
December 31, 2010... Reliance Communications (RCom) has entered into a strategic tie- up with Atom Technologies. The agreement enables RCom to offer a fast and inter-operable platform to conclude payment transactions using Reliance Mobile. Atom will offer, through...

Rs3,300 CRORE GETS SAHARA ICONIC GROSVENOR HOUSE (has 420 rooms, 74 suites and 27 meeting rooms).
December 31, 2010... The Sahara Group has acquired the Grosvenor House hotel in Central London for 470 million British pound sterling (about Rs3,300 crore). The hotel has been acquired by Aamby Valley, a group company. Grosvenor House, located on London's...

BARING PRIVATE EQUITY INVESTS $90 MILLION (investment will be used to set up facilities to manufacture steam turbine and generator).
December 31, 2010... Baring private Equity Partners India has invested $90 million (about Rs414 crore) in Cethar Vessels Ltd, Tiruchy for a minority stake. The investment will be used to set up facilities to manufacture steam turbine and generator and acquire...

POWERGEAR FORAY INTO RENEWABLE ENERGY (plans to set up a greenfield project at an investment of Rs150 crore).
December 31, 2010... Powergear Ltd plans to foray into the renewable energy sector. The company is in negotiations with a European firm for setting up a greenfield project at an investment of Rs150 crore. The company at present manufactures bus ducts and control...

SUVEN LIFE GETS TWO PRODUCT PATENTS (the patents are valid till 2027).
December 31, 2010... Suven Life Sciences, Hyderabad, has received two product patents from the Indian Patent Office for its new chemical entities (NCEs) for treating disorders such as Alzheimer's disease, Parkinson, Schizophrenia and attention deficit hyperactivity...

MRF PLANS SALE/TRANSFER OF DIVISION (has received the board's approval to sell/transfer its speciality coating division to its subsidiary).
December 31, 2010... MRF Ltd has received the board of directors' approval to sell/transfer its speciality coating division to its subsidiary. The company's speciality coating division is in the business of manufacture and sale of paints such as metal coat paints,...

JSW RATNAGIRI PLANT COMMISSIONS 2ND UNIT (commenced commercial operations from 30 Dec 2010).
December 31, 2010... JSW Energy has commissioned the second unit of 300 megawatts (Mw) of the 1,200 Mw power project at Jaigad in Ratnagiri, Maharashtra. The unit commenced commercial operations from 30 Dec 2010. The plant at present has a total operating capacity...

RALLIS FINISHES METAHELIX LIFE STAKE BUY (has acquired 53.5% stake in Metahelix Life Sciences).
December 31, 2010... Rallis India said has completed the acquisition of Metahelix Life Sciences of Bangalore for Rs100 crore. The company acquired 53.5 percent stake in Metahelix Life Sciences.

TECH MAHINDRA TO BUY SOFTWARE COMPANIES IN LATIN AMERICA (the acquisition will be made jointly with Satyam Computer Services Ltd).
December 31, 2010... Tech Mahindra Ltd plans to acquire software companies in Latin America. The company is targeting firms that write software codes for telecommunications, oil and gas and financial services industries. The acquisition will be made jointly with...

ONGC HIRES DEEPWATER RIG FROM VANTAGE FOR $1 BILLION (the contract is for five years).
December 31, 2010... Oil and Natural Gas Corporation (ONGC) has hired an ultra- deepwater drilling rig from Vantage Drilling Company of the US for $1.1 billion for five years. The rig has been newly built at Daewoo Shipbuilding and Marine Engineering's Okpo shipyard...

BHEL ACCRUES Rs38,600-CRORE OUTSTANDING ORDER (IPP segment accounts for over 25% of the outstanding orders).
December 31, 2010... Bharat Heavy Electricals Ltd (BHEL) has received total orders worth Rs38,600 crore till the end of Nov 2010. The outstanding order book includes eight units of supercritical sets of over 600 Mw capacity. The independent power plant (IPP) segment...

AFTER LAWSUIT, REVA LOOKS AT RESOLVING DIFFERENCES WITH US FIRM (Bannon Automotive has filed a case against MREV for allegedly violating an agreement to share technology).
December 31, 2010... Mahindra Reva Electric Vehicle Pvt Ltd (MREV) plans to resolve differences with its joint venture partner, Bannon Automotive of the US. Bannon Automotive had filed a case against MREV on 20 Dec 2010 for allegedly violating an agreement to share...

FEDEX EXPANDS DOMESTIC SERVICE (will now include 331 destinations).
December 31, 2010... FedEx Express, a subsidiary of FedEx Corp, has expanded its domestic delivery service across India. The FedEx Priority Overnight and FedEx Standard Overnight services will now include 331 destinations.

BHEL STARTS CONSTRUCTION WORK ON POWER PROJECT (has dispatched the first set of heavy duty plus columns).
December 31, 2010... Bharat Heavy Electricals Ltd (BHEL) has commenced the civil works to set up 1,200 Mw coal-based thermal power project for Dainik Bhaskar Power Ltd (DBPL) in Chhattisgarh. The company has dispatched the first set of heavy duty plus columns...

DEPOSITS SHRINK, LOANS SURGE IN DEC 1 FORTNIGHT (decline in deposits has been attributed to low renewals of CDs).
December 31, 2010... Bank deposits declined by Rs38,000 crore in the fortnight ended 17 Dec 2010. The decline in deposits has been attributed to low renewals of certificates of deposit (CDs) in Dec 2010. About Rs1.13 lakh crore worth of CDs were due for renewal...

SBI BOND ISSUES TO MOP UP Rs10,000 CRORE THIS, NEXT YEAR (the bank will make a first tranche of Rs1,000 crore).
December 31, 2010... State Bank of India (SBI) is planning to raise up to Rs10,000 crore through public issue of bonds in 2010-2011 and 2011-2012. The bank intends to make a first tranche of Rs1,000 crore with an option to retain over-subscription of Rs1,000 crore....

AIR INDIA TO GET Rs1,200-CRORE EQUITY INFUSION (the CCEA has directed the airline to rationalise the wage structure).
December 31, 2010... The Cabinet Committee on Economic Affairs (CCEA) has decided to infuse an equity of Rs1,200 crore in Air India. The CCEA has asked the airline to rationalise the wage structure. The Government had released Rs800 crore as equity in Feb 2010...

CARREFOUR OPENS FIRST CASH-AND-CARRY STORE (the store will offer over 10,000 items in food and non-food categories).
December 31, 2010... Carrefour of France has opened its first cash-and-carry store in India at New Delhi on 30 Dec 2010. The store will offer over 10,000 items in food and non-food categories to businessmen, institutions, restaurants and retailers. The company...

FIRST SOLAR PARK OPENS IN GUJARAT; TO GENERATE 500 MW (the park is expected to attract investment of Rs10,000 crore).
December 31, 2010... Gujarat Power Corporation Ltd has opened the first solar power park in Patan district on 30 Dec 2010. The solar park is expected to generate 500 megawatt (MW) of power and attract investment of Rs10,000 crore. Gujarat Energy Transmission...

PFIZER BUYS STRIDES' US LINE-UP OF 22 DRUGS FOR $28 MILLION (Strides has signed a long-term agreement to supply the drugs to Pfizer).
December 31, 2010... Strides Arcolab Ltd has sold 22 abbreviated new drug applications (ANDAs) to Pfizer for $28 million. The company has also signed a long-term agreement to manufacture and supply drugs to Pfizer. Strides has over 140 ANDA filings in the US. The...

NEW TARIFF REGIME WILL ELECTRIFY POWER SECTOR (private companies are expected to add over 60 percent of the incremental capacity).
December 31, 2010... Power sector in India is expected to get a boost from the new tariff regime in 2011. The Ultra Power Projects in Orissa and Chhattisgarh are expected to get the clearance during the year. Private sector companies are expected to add over 60...

LANCO INFRATECH WINS UP ROAD PROJECT (to convert the Aligarh-Kanpur section of the NH-91).
December 31, 2010... Lanco Infratech Ltd has bagged a project of Rs1,000 crore in Uttar Pradesh (UP). The company will convert the Aligarh-Kanpur section of the National Highway (NH)-91 on design, build, finance, operate and transfer basis. The project involves...

SUVEN LIFE GETS 2 PRODUCT PATENTS (for treatment of neuro-degenerative diseases).
December 31, 2010... Suven Life Sciences Ltd has obtained two product patents for its New Chemical Entities in India. The drugs are used in the treatment of neuro-degenerative diseases. The claims are valid up to 2027. The company has 11 patents in India.

CUMMINS TO HIKE PRICES BY 3-5% (due to projected market conditions).
December 31, 2010... Cummins India Ltd is planning to increase the prices by 3-5 percent in Jan-Mar 2011. The company is likely to increase the prices of generator sets of 7.5 to 3,000 kVA. Cummins is compelled to increase the prices due to industry dynamics and...

SUN GETS FDA NOD FOR INJECTION (for the treatment of osteoporosis in women).
December 31, 2010... Sun Pharmaceuticals Ltd has obtained the tentative approval of the US Food and Drug Administration (FDA) for its generic Ibandronate Sodium injection. The drug is used in the treatment of osteoporosis in women. The company intends to market the...

L&T BAGS ORDERS WORTH Rs1,160 CRORE (the company has bagged an order of Rs523 crore from Tata Steel).
December 31, 2010... Larsen & Toubro Ltd (L&T) has bagged orders worth Rs1,164 crore from various sources. The company has bagged an order of Rs523 crore from Tata Steel for a continuous annealing and processing line. L&T has bagged an order of Rs531...

TNPL OUTPUT TO RISE 60% NEXT MONTH (the company has installed the third paper machine at a cost of Rs800 crore).
December 31, 2010... Tamil Nadu Newsprint and Papers Ltd (TNPL) expects to increase its output by 60 percent in Jan 2011. The company has installed the third paper machine from Voith Paper of Germany at a cost of Rs800 crore. Total capacity of TNPL will go up...

AFTER STORE LAUNCH, CARREFOUR MIGHT STEP UP SOURCING (the company sources textiles and fresh products worth $170 million from India).
December 31, 2010... Carrefour of France is likely to increase sourcing from India after setting up its first cash-and-carry store in the country. The company sources textiles and fresh products worth $170 million from India. Carrefour is working with suppliers...

JSW ENERGY COMMISSIONS SECOND UNIT IN RATNAGIRI (the operating capacity of the project has gone up to 600 MW).
December 31, 2010... JSW Energy Ltd has commissioned its second unit of 300 megawatt (MW) in Ratnagiri of Maharashtra on 30 Dec 2010. The operating capacity of the project has gone up to 600 MW. JSW Energy intends to commission two more units of 300 MW each by Mar...

BHARATHI CEMENT COMMISSIONS SECOND LINE (the plant will have a capacity of five million tonnes a year).
December 31, 2010... Bharathi Cement Ltd has commissioned its second production line at the plant in Kadapa district of Andhra Pradesh. The plant will have a total production capacity of five million tonnes a year. The company has invested Rs1,632 crore in the two...

IMPASSE OVER IRAN OIL IMPORTS WILL END SOON: OIL SECRETARY (the RBI has banned use of ACU to process current account transactions for oil and gas imports).
December 31, 2010... The Secretary, Ministry of Petroleum, is of the view that the Government of India is likely to resolve the impasse over import of oil from Iran soon. The Reserve Bank of India (RBI) has banned use of Asian Clearing Union (ACU) to process current...

CORE SECTOR GROWTH SLOWS TO 2.3% IN NOVEMBER (the six industries have recorded a growth of five percent in Apr-Nov 2010).
December 31, 2010... Six core infrastructure industries in India have registered a growth of 2.3 percent in Nov 2010 (5.9 percent in Nov 2009). Cement industry has recorded a decline of 11.6 percent (growth of nine percent) and refined petroleum products have...

GOVERNMENT NOD TO NTPC'S Rs17,000-CRORE BULK TENDER FOR SOURCING EQUIPMENT (the company intends to buy nine super-critical boilers and turbines).
December 31, 2010... The Government of India has approved the proposal of NTPC Ltd to float a global tender to acquire equipment costing nearly Rs17,000 crore. The company intends to buy nine super-critical boilers and turbines of 800 megawatt each. NTPC is...

HCL INFOSYSTEMS TO BUY 20% STAKE IN DUBAI'S TECHMART (the company will provide consultancy and operational services to Techmart).
December 31, 2010... HCL Infosystems Ltd has decided to acquire a stake of 20 percent in Techmart Telecom of Dubai. Techmart is a distributor for Nokia smart-phones in West Asia and Africa. HCL will provide consultancy and operational services to Techmart. The...

ETISALAT OPENS SECOND CONTACT CENTRE (Cheers Mobile Services has opened the centre in Noida).
December 31, 2010... Cheers Mobile Services has opened its second contact centre in the National Capital Region, Noida. The company is the GSM brand of Etisalat DB Telecom. Etisalat DB has an outsourcing partnership with Tech Mahindra for northern and southern...

TELCOS START PAYING PENALTY FOR NETWORK ROLLOUT DELAY (the DoT had issued the notices to the companies around 14 Dec 2010).
December 31, 2010... Telecom companies in India have started paying penalty for the delay in rolling out the services within the specified period. The Department of Telecom (DoT) had issued the show-cause notices to the defaulting companies around 14 Dec 2010. Loop...

NPAs IN REALTY, TELECOM NEED CLOSER MONITORING: RBI (NPAs grew at a faster rate at 20.61 percent in 2009-2010 while gross advances increased by 16.68 percent).
December 31, 2010... In its Second Financial Stability Report, the Reserve Bank of India (RBI) has cautioned about rising non-performing assets (NPAs) in real estate and telecom sectors and emphasised the need to monitor the liquidity situation. NPAs grew at a...

CENTRAL BANK FEARS IMBALANCE OVER LARGE CAPITAL INFLOWS (foreign banks transmit shocks from the global economy to the domestic economy).
December 31, 2010... In its Second Financial Stability Report, the Reserve Bank of India (RBI) has warned that large capital inflows in excess of the country's absorption capacity can lead to imbalances in the short term. The report also stated that foreign banks...

NEED TO REDUCE RELIANCE ON CREDIT-RATING AGENCIES: RBI (CRAs have to move to issuer rating from the existing practice of issue rating).
December 31, 2010... In its Second Financial Stability Report, the Reserve Bank of India (RBI) has said that dependence on credit rating agencies (CRAs) should be reduced and there is need to strengthen regulatory supervision of the rating framework. RBI has said...

SEBI REVOKES BAN ON SOCIETE GENERALE's OFFSHORE DERIVATIVES (permits the French entity to issue overseas derivative instruments).
December 31, 2010... The Securities & Exchange Board of India (SEBI) has revoked its yearlong ban on the French institutional investor, Societe Generale effective immediately. SEBI has permitted the French entity to issue overseas derivative instruments.

C MAHENDRA EXPORTS FIXES IPO PRICE BAND AT Rs95-110 (to raise Rs142.5-165 crore).
December 31, 2010... C Mahendra Exports (CME), a diamond and jewellery company, plans to launch an initial public offering (IPO) comprising 1.5 crore shares to raise Rs142.5-165 crore. The price band for the issue, which will open on 31 Dec 2010 and close on 6 Jan...

KOTAK MAHINDRA LAUNCHES DIVERSIFIED DEBT FUND (the fund opens on 31 Dec 2010 and closes on 14 Jan 2011).
December 31, 2010... Kotak Mahindra Mutual Fund has introduced an open-ended debt fund, Kotak Multi-Asset Allocation Fund, which will open on 31 Dec 2010 and close on 14 Jan 2011. The fund will invest 75-95 percent of its corpus in debt and money market instruments,...

COSTLIER ONION, MILK DRIVE FOOD INFLATION TO 10-WEEK HIGH (at 14.44 percent in the week ended 18 Dec 2010 compared to 12.13 percent in the previous week).
December 31, 2010... Food inflation based on the annual wholesale price index rose to a 10-week high at 14.44 percent in the week ended 18 Dec 2010 compared to 12.13 percent in the previous week owing to a sharp increase in the prices of onions, milk, fruits, eggs,...

AIR INDIA CHARTERS TO SHIFT BASE TO KOCHI (AICL will have its operational and administrative base at Kochi and engineering base at Thiruvananthapuram).
December 31, 2010... Air India Charters Ltd (AICL), which operates the low-cost arm of Air India, Air India Express, is relocating its head quarters to Kochi in Kerala. The Board of Directors of AICL had approved a proposal to shift its office in Oct 2010. AICL will...

PRODUCTION OF FOODGRAINS (declined to 218.20 MT in 2009-2010 compared to 234.47 MT in 2008-2009).
December 31, 2010... The Ministry of Food & Agriculture, Government of India, reports that production of food grains as per the fourth advance estimate declined to 218.20 million tonnes (MT) in 2009- 2010 compared to 234.47 MT in 2008-2009. The production target...

DISEASE HAS RAVAGED 70 PERCENT OF MAHARASHTRA ONION: ICAR (intends to educate farmers about the 'do's and don'ts' to be followed to prevent such situations in future).
December 31, 2010... The Indian Council of Agricultural Research (ICAR) reports that about 70 percent of the kharif onion crop in Maharashtra has been destroyed owing to diseases caused by unseasonal rains. This has resulted in a decline in production leading to...

COTTON EXPORTS REGISTRATION FROM TODAY (shipments have to be completed by 25 Feb 2011).
December 31, 2010... The Directorate General of Foreign Trade (DGFT) will receive applications for registration of export contracts for cotton in respect of the balance 25 lakh bales (LB) of the total sanctioned quantity of 55 LB from 31 Dec 2010 to 6 Jan 2011. The...

BT COTTON HELPS GUJARAT TOP IN PRODUCTION (output is pegged at 106.82 LB in 2010-2011 compared to 30.5 LB in 2002-2003).
December 31, 2010... The Cotton Corporation of India reports that widespread adoption of Bt cotton, the genetically modified pest resistant variety, in Gujarat has helped the state to become the top producer accounting for one-third of the total production in the...

CORPORATION BANK COMPLETES FINANCIAL INCLUSION PROGRAMME (by opening branches at 14 villages and Grameena Vikas Kendras at the remaining villages).
December 31, 2010... Corporation Bank has completed its financial inclusion programme in the allotted 333 villages by opening branches at 14 villages and Grameena Vikas Kendras (GVK) at the remaining villages. The bank has completed the programme in 266 villages 15...

NO EASING UP ON EXPOSURE NORMS FOR INFRASTRUCTURE LENDING (owing to a build-up of asset-liability mismatches due to infrastructure loans).
December 31, 2010... In its Second Financial Stability Report, the Reserve Bank of India (RBI) has said that relaxation of exposure norms for infrastructure lending will be difficult owing to a build-up of asset-liability mismatches due to infrastructure loans....

RUPEE HITS THREE-WEEK HIGH ON SHARE GAINS (touches a high of 44.8750 and closes at 44.95/96).
December 31, 2010... The rupee appreciated against the US currency to touch a three- week high on 30 Dec 2010. The rupee touched a high of 44.8750 and closed at 44.95/96 compared to the previous close of 45.04/05. The rise has been attributed to dollar selling by...

BONDS END LOWER (due to selling by corporate entities and banks).
December 31, 2010... Bond prices fell on 30 Dec 2010 due to selling by corporate entities and banks. The 8.08 percent 2022 bond declined to Rs100.18 (8.05 percent YTM) compared to the previous close of Rs100.26 (8.04 percent YTM). The 8.13 percent 2022 bond fell to...

CALL RATES EDGE UP (closes at 6.75 percent on 30 Dec 2010 compared to the previous close of 6.7 percent).
December 31, 2010... The inter-bank call rate closed at 6.75 percent on 30 Dec 2010 compared to the previous close of 6.7 percent owing to tight liquidity conditions in the banking system. In the liquidity adjustment facility conducted by the Reserve Bank of India,...

JUBILANT FOODWORKS ON EXPANSION SPREE (and is planning to invest Rs15.6 crore to set up a 100% subsidiary in Sri Lanka by Mar 2011).
December 31, 2010... Jubilant Foodworks Ltd (JFL) is on an expansion spree and is planning to invest Rs15.6 crore to set up a 100 percent subsidiary in Sri Lanka by Mar 2011. JFL is planning to venture into Bangladesh too during 2011-2012.

SYKES AND RAY EQUITIES TO EXPAND FRANCHISE NETWORK (within the next 3-4 years).
December 31, 2010... Sykes and Ray Equities India Ltd of Mumbai is planning to expand its franchise network within the next 3-4 years. The retail stock broking company plans to add 600 franchisees to achieve a deeper penetration.

PHILIPS LIGHTING FOR FRANCHISED LOUNGES (to let consumers experience home decorative lighting concepts).
December 31, 2010... Philips India, a leading provider of lighting solutions has started rolling out exclusive Philips Light Lounge stores through the franchise model to let consumers experience home decorative lighting concepts. It has already opened 40 light...

ORIENT CERAMICS IN COIMBATORE AND RAIPUR (with its new "Europa-Boutique" franchise stores).
December 31, 2010... The tile manufacturer, Orient Ceramics and Industries Ltd has entered southern India market with its new "Europa-Boutique" franchise store in Coimbatore. It has also opened its franchise store in Raipur.

MAHINDRA FIRST CHOICE TO EXPAND VIA FRANCHISEES (from existing nine service outlets to 450 by 2014).
December 31, 2010... The multi-brand car servicing company, Mahindra First Choice plans to expand via franchisees from existing nine service outlets to 450 by 2014. It currently provides service to around 20,000 utility vehicles every month and expects the numbers...

SAMSONITE INDIA TO DOUBLE SALES EVERY TWO YEARS (from existing Rs360 crore per annum).
December 31, 2010... Samsonite Corporation expects to double its turnover in India every two years from existing Rs360 crore per annum. Samsonite India was set up in 2000 and currently contributes six percent to Samsonite Corporation's global sales.

HASTENS PLANS LARGER FRANCHISE FOOTPRINT (in India by Dec 2012).
December 31, 2010... Hastens of Sweden, luxury bed-maker plans to have around 12 retail franchise outlets across India by Dec 2012. Hastens recently opened its third retail franchise outlet in India at Ahmedabad. It plans to open outlets in Bangalore and Delhi...

WARDROBE OPENS NEW OUTLET IN DELHI (with an investment of Rs5 lakh).
December 31, 2010... Wardrobe, a leading chain of dry-cleaning and laundry service outlets in Delhi opened its 57th outlet in Delhi with an investment of Rs5 lakh. It plans to increase the number of its outlets to 80 by Dec 2010.

LITTLE ITALY PLANS EXPANSION; SEEKS FRANCHISEES (across India).
December 31, 2010... Little Italy, India's largest chain of Italian restaurants is planning expansion. It is seeking franchisees to add 48 restaurants to existing 27 by 2013. While 24 restaurants would be company-owned, 24 would be run on franchise basis.

FOSTERING HUMAN CAPITAL (is Zee Interactive Learning Systems).
December 31, 2010... Zee Interactive Learning Systems is the proud winner of the Franchisor of the Year-FP Awards 2010 from Franchise Plus (FP). It is a leading player in core education, which is running India's number one chain of pre-schools called Kidzee.

ON A FIRM FOOTING (is Liberty Shoes Ltd).
December 31, 2010... Liberty Shoes Ltd is the proud first runner up of the Franchisor of the Year-FP Awards 2010 from Franchise Plus (FP). It is the only Indian company to be included in the list of the world's top five manufacturers of leather footwear.

WITHSTANDING TIME (is Titan Industries Ltd).
December 31, 2010... Titan Industries Ltd is the proud second runner up of the Franchisor of the Year-FP Awards 2010 from Franchise Plus (FP). It has truly transformed the Indian watch market and is now producer of India's largest and best-known range of personal...

CARCHING THEM YOUNG (is Shemrock).
December 31, 2010... Shemrock is the proud winner of the Franchisor of the Year-FP Awards 2010 in the education segment from Franchise Plus (FP). It is the first and the oldest pre-school chain in India.

NURTURING YOUNG INDIA (is Edify school).
December 31, 2010... Edify school is the proud winner of the Franchisor of the Year-FP Awards 2010 in the education segment, school category, from Franchise Plus (FP). MDN Edify Education Private Ltd, an initiative of DRS group runs Edify schools, which have made...

IGNITING BRAINS (is Aloha India).
December 31, 2010... Aloha India is the proud winner of the Franchisor of the Year-FP Awards 2010 in the education segment from Franchise Plus (FP). It is a premier school chain imparting training in mental arithmetic. Aloha India is the Indian subsidiary of...

EXPEDITING IT REVOLUTION (is NIIT).
December 31, 2010... National Institute for Information Technology (NIIT) is the proud winner of the Franchisor of the Year-FP Awards 2010 in the information technology (IT) education segment from Franchise Plus (FP). NIIT is a leading talent development corporation...

AT BECK AND CALL (is Orion Edutech).
December 31, 2010... Orion Edutech Private Ltd of Kolkata is the proud winner of the Franchisor of the Year-FP Awards 2010 in the education segment from Franchise Plus (FP). It is a business process outsourcing (BPO) training provider that has successfully guided...

BUSINESS ON WHEELS (is Carbiz.in, run by Pitstop Services Private Ltd).
December 31, 2010... Carbiz.in, run by Pitstop Services Private Ltd is the proud winner of the Franchisor of the Year-FP Awards 2010 in the automobile segment from Franchise Plus (FP). The portal offers a comprehensive portfolio of car related products and services.

THE BUSINESS OF BEAUTY (is led by Shahnaz Husain group of companies).
December 31, 2010... Shahnaz Husain group of companies is the proud winner of the Franchisor of the Year-FP Awards 2010 in the beauty and wellness segment from Franchise Plus (FP). The leader in the business of beauty has integrated every aspect of Ayurvedic care....

THE WEB WIZARD (is Sify Technologies).
December 31, 2010... Sify Technologies is the proud winner of the Franchisor of the Year-FP Awards 2010 in the business services segment from Franchise Plus (FP). It has a growing list of big companies availing its solutions in consumer Internet services.

RE-IGNITING GROWTH (is Refeel Cartridge).
December 31, 2010... Refeel Cartridge of Kolkata is the proud winner of the Franchisor of the Year-FP Awards 2010 in the business services segment from Franchise Plus (FP). It is India's leading retail printer cartridge refilling and recycling chain.

CHIPPING IN TO SUPPORT (is Aforeserve.com Ltd).
December 31, 2010... Aforeserve.com Ltd is the proud winner of the Franchisor of the Year-FP Awards 2010 in the consumer services segment from Franchise Plus (FP). It is a pioneer in chip level repair technology for the information technology (IT) industry. It...

GAMING GIANT (is Zapak Digital Entertainment Ltd).
December 31, 2010... Zapak Digital Entertainment Ltd is the proud winner of the Franchisor of the Year-FP Awards 2010 in the entertainment segment from Franchise Plus (FP). The gaming company has become synonymous with gaming in India.

CARING AND SHARING (is SKI Capital Services Limited).
December 31, 2010... SKI Capital Services Ltd is the proud winner of the Franchisor of the Year-FP Awards 2010 in the financial services segment from Franchise Plus (FP). It is one of the largest share broking houses of India.

BREWING SUCCESS (is Amalgamated Bean Coffee Trading Company).
December 31, 2010... Amalgamated Bean Coffee Trading Company is the proud winner of the Franchisor of the Year-FP Awards 2010 in the food and beverage segment from Franchise Plus (FP). The company popularly known as Cafe Coffee Day is the largest organised coffee...

DOLLOPS OF DEVELOPMENT (from Kwality Walls, Hindustan Unilever's premier brand).
December 31, 2010... Kwality Walls, Hindustan Unilever's premier brand is the proud winner of the Franchisor of the Year-FP Awards 2010 in the food and beverage segment from Franchise Plus (FP). It is the market leader in the pre-packed ice cream market in India.

THE BADSHAH OF KABABS (is Great Kabab Factory).
December 31, 2010... Great Kabab Factory owned by AB Hotels Ltd is the proud winner of the Franchisor of the Year-FP Awards 2010 in the food and beverage segment, in Fine Dining category, from Franchise Plus (FP). It is one of the largest Indian restaurant chains,...

REINVENTING THE DESI (is Quick Service Restaurants).
December 31, 2010... Quick Service Restaurants owned by Yes India Hospitality Services Private Ltd is the proud winner of the Franchisor of the Year-FP Awards 2010 in the food and beverage segment from Franchise Plus (FP). It has revolutionised the way people...

A PLATEFUL OF PROGRESS (by Pizza Restaurants).
December 31, 2010... Pizza Restaurants of Slice of Italy are proud winner of the Franchisor of the Year-FP Awards 2010 in the food and beverage segment from Franchise Plus (FP). They have become complete family restaurants, which offer the world's largest range of...