India Business Insight articles from January 2011

India Business Insight archives from January 2011

PRIVATE BANKS LOG HIGHER PROFIT GROWTH IN Q3 (as private sector banks post a growth of 35% year-on-year in net profits while net profits of public sector banks grew only by 21%).
January 31, 2011... Private sector banks posted a growth of 35 percent year-on-year in net profits for Oct-Dec 2010 while public sector banks grew their net profits only by 21 percent. Higher provisioning and employee costs hit public sector banks during the...

NTPC VIDYUT TO START GETTING SOLAR POWER BY OCT (2011).
January 31, 2011... NTPC Vidyut Vyapar Nigam expects to buy 84 megawatts (MW) of power from 16 solar power projects, including thermal and photovoltaic, under the Jawaharlal Nehru National Solar Mission by Oct 2011. Of this, 54 MW will come from photovoltaic...

CAIRN DEAL: ONGC MAINTAINS IT HAS FIRST RIGHT OF REFUSAL (over the fields it jointly owns with Cairn India).
January 31, 2011... The Oil and Natural Gas Corporation (ONGC) has reiterated that it has contractual rights over the fields it jointly owns with Cairn India. Consequently, it has the first right of refusal for any stake sale by Cairn in such fields. However, ONGC...

FRAUD MAY IMPACT CITI's WEALTH MANAGEMENT BUSINESS, BUT NOT SHORT-TERM RATING: FITCH (Ratings says).
January 31, 2011... Fitch Ratings has said that the Rs400-crore fraud may adversely impact the Citibank's wealth management business in India. There is a possibility of investors losing confidence and exiting the bank. Further, growth also will slow down. However,...

KVB PROFIT INCREASES 49% (to Rs113.22 crore for Oct-Dec 2010).
January 31, 2011... Karur Vysya Bank (KVB) has registered an increase of 49 percent in net profit to Rs113.22 crore for Oct-Dec 2010 from Rs75.87 crore for Oct-Dec 2009. Its interest income grew by 27.54 percent to Rs575.49 crore for Oct-Dec 2010 (Rs451.22 crore)....

BAJAJ ELECTRICALS TO SET UP DEDICATED RESEARCH & DEVELOPMENT UNIT (to focus on product development and innovations of existing products in 2011).
January 31, 2011... Bajaj Electricals plans to establish a dedicated research and development centre to focus on product development and innovations of existing products in 2011. It is scouting for the location of the centre.

Rs1,644 CRORE DEBT RELIEF FOR KINGFISHER AIRLINES (and the total debt is expected to come down to Rs6,007 crore from Rs7,651 crore).
January 31, 2011... A debt restructuring plan initiated by a consortium of banks is expected to provide debt relief of Rs1,644 crore to Kingfisher Airlines. The total debt is expected to come down to Rs6,007 crore from Rs7,651 crore. The restructuring plans...

SURYAVANSHI MILLS Q3 NET DOUBLES (to Rs3.57 crore from Rs1.68 crore for Oct-Dec 2009).
January 31, 2011... Suryavanshi Spinning Mills has doubled its net profit to Rs3.57 crore for Oct-Dec 2010 from Rs1.68 crore for Oct-Dec 2009. Its revenues rose by 57 percent to Rs81.25 crore for Oct-Dec 2010 (Rs51.68 crore).

ALLIANCE MEDICORP TO INVEST Rs100 CRORE IN DENTAL CHAIN (in India in 2011-2012).
January 31, 2011... Alliance Medicorp India Ltd (AMIL), a joint venture between the Trivitron Group of Chennai and Apollo Hospitals, plans to establish a chain of dental clinics in India in 2011-2012 with an investment of Rs100 crore. It has already invested Rs30...

TUBE INVESTMENTS NET ZOOMS ON VOLUME GROWTH (in Oct-Dec 2010).
January 31, 2011... Tube Investments of India Ltd has recorded an increased net profit of Rs51.89 crore for Oct-Dec 2010 from Rs17.87 crore for Oct-Dec 2009. Its turnover also rose to Rs749 crore for Oct-Dec 2010 (Rs583 crore). The increase in net profit is...

NCDEX TO RE-LAUNCH RUBBER FUTURES (with effect from 31 Jan 2011).
January 31, 2011... The National Commodity & Derivatives Exchange (NCDEX) plans to re-introduce rubber futures contract, Rubber RSS 4, with effect from 31 Jan 2011. The contract size will be restricted to one tonne while the price will be quoted in rupees per...

PRIVATE RAIL LINE BY MINING COMPANY THROWN OPEN TO TRAFFIC (on 28 Jan 2011).
January 31, 2011... Mineral Enterprises Ltd (MEL) has thrown open to goods traffic the private rail link from BBH mine at Bhimasamudra to Amritapur station in Chitradurga taluk of Karnataka on 28 Jan 2011. MEL developed the 10.5 kilometres line with an investment...

RECOVERY GOOD IN COLLATERAL FREE LOANS TO FISHERWOMEN (by IOB).
January 31, 2011... Recovery of unsecure loans sanctioned to fisherwomen in Mangalore by the Indian Overseas Bank (IOB) has been good. IOB had advanced collateral free loans of Rs1 lakh each to around 150 fisherwomen who have repaid 45 percent of the amount...

CAREER POINT NET RISES 28% (revenue from operations increases by 43.5%).
January 31, 2011... Career Point Infosystems Ltd (CPIL) has reported a 28 percent increase in net profit at Rs5.44 crore in Oct-Dec 2010. The company's revenue from operations (excluding other income) increased by 43.5 percent to Rs18.50 crore.

BRANDHOUSE EYES Rs1,500-CR REVENUE (plans to invest Rs161 crore to open 190 stores across India).
January 31, 2011... Brandhouse Oviesse Ltd, a joint venture between Brandhouse Retails and Oviesse of Italy, is targeting revenues of Rs1,500 crore by 2015. The company, which operates three stores, plans to invest Rs161 crore to open 190 stores across India.

TECHNO ELECTRIC'S PROFIT FALLS 5.5% (net sales decline to Rs149.02 crore).(Financial report)
January 31, 2011... Techno Electric Engineering Company Ltd (TEECL), Kolkata, has reported a 5.5 percent decline in net profit at Rs25.34 crore in Oct-Dec 2010 (Rs26.83 crore in Oct-Dec 2009). The company's net sales declined to Rs149.02 crore (Rs156.30 crore).

CAMLIN INKS PACT WITH ZEBRA (will market Zebra's products in India).
January 31, 2011... Camlin Ltd has signed an MoU with Zebra, a major brand of pens and pencils in Japan. As per the agreement, Camlin will market Zebra's products in India.

SBI SETS UP CALL CENTRES FOR NPA RECOVERY (has also set up account tracking centres at 14 local head offices).
January 31, 2011... State Bank of India (SBI) has opened two call centres at Gurgaon and Chennai to deal with non-performing assets (NPAs) and Special Mention Accounts (SMAs). The bank has also set up account tracking centres at 14 local head offices. The bank...

METROPOLIS HEALTHCARE CHAIN TO EXPAND HERE, ABROAD (plans to add 15 diagnostic centres and a chain of exclusive dental and ophthalmic care centres).
January 31, 2011... Metropolis Healthcare plans to expand its presence in India and abroad besides diversification into dental and eye care chains and other healthcare services. The company plans to add 15 diagnostic centres and a chain of exclusive dental and...

HPCL PLANS LUBRICANT BLENDING FACILITY (plans to convert its Mumbai refinery into a national lubricant blending facility).
January 31, 2011... Hindustan Petroleum Corporation Ltd (HPCL) plans to convert its Mumbai refinery into a national lubricant blending facility after commissioning a new refinery at Ratnagiri in coastal Maharashtra. Engineers India Ltd (EIL) will give a detailed...

INFLATION DOESN'T STOP HUL LAUNCHES (has launched about a dozen new products in Oct-Dec 2010 in spite of increasing input costs).
January 31, 2011... Hindustan Unilever Ltd (HUL) has launched about a dozen new products in Oct-Dec 2010 in spite of increasing input costs. The company re-launched Hamam and Lifebuoy, launched new variants of Lux, Close-up, Ponds, Fair & Lovely and Lakme...

STANCHART, 3I PE FUNDS LINE UP INVESTMENT FOR EXPRESSWAY (have evinced interest in investing in the second phase of the project).
January 31, 2011... Standard Chartered Private Equity and 3i have evinced interest in investing in the Rs4,000-crore Bangalore-Mysore expressway being developed by Nandi Infrastructure Corridor Enterprise Ltd (NICE). The company has raised $100 million from a...

ISB TO START DOCTORAL PROGRAMME (will be for a duration of four to five years).
January 31, 2011... Indian School of Business (ISB), Hyderabad, plans to launch a Fellow Programme in Management (FPM) for young researchers in Sep 2011. The programme will be for a duration of four to five years. All students will be offered full tuition...

IBM TO OFFER $1,000 ESOPS TO INDIA STAFF (before 16 Jun 2011 to celebrate its 100 years of existence).
January 31, 2011... IBM has decided to offer a $1,000 stock bonus to each of its nearly 1,00,000 IBM India employees before 16 Jun 2011 to celebrate its 100 years of existence. IBM plans to give stock bonuses to all its global employees, except at the executive...

DENTSU TO BUY OUT GOYAL IN INDIA ARM (for Rs240 crore and make it a fully-owned subsidiary).
January 31, 2011... Advertising company Dentsu Inc of Japan has proposed to buy Mr. Sandeep Goyal's 26 percent stake in Dentsu India for Rs240 crore and make it a fully-owned subsidiary. Mr. Goyal is the group chairman and chief operating officer of Dentsu India....

ARCHIES TIES UP WITH HALLMARK, TO OPEN STORES (sell Hallmark cards, stationery and gifts that will be manufactured in India).
January 31, 2011... Greeting card maker Archies has tied up with the $4-billion Hallmark Cards of USA, the world's largest greeting card brand, to open exclusive stores in India. Archies plans to open 20 new Hallmark stores in Mumbai, New Delhi and the national...

HILTON WORLDWIDE PLANS 19 HOTELS IN INDIA (of which six will start operations during 2011).
January 31, 2011... Hilton Worldwide is planning to develop 19 hotels in India over the next five years, of which six will start operations during 2011. The new hotels aggregating 3,000 rooms will be opened in tier-I, tier-II and tier-III cities and cover the...

GRADUALLY, ALL OUR BUSINESSES WILL BE UNDER LAVAZZA BRAND (that comprises Barista and the wholesale business, Fresh & Honest Coffee).
January 31, 2011... Coffee maker Luigi Lavazza S.P.A of Italy has stated that it plans to gradually bring all its businesses in India under the Lavazza brand. The $1.4-billion Lavaza Group entered India in 2007 by acquiring the Barista chain of coffee bars and...

PHILIPS PLANS TO TAP INDIAN STREET LIGHTING MARKET (for which it is currently developing a range of lighting products).
January 31, 2011... Philips NV of Netherlands is currently developing a range of lighting products in order to tap the street lighting market in India. According to the company, India and China contribute a major chunk to its overall lighting division sales.

BEETEL TARGETS SMALLER CITIES TO BOOST IT PERIPHERALS BUSINESS (which includes headphones, speakers, woofers and webcams).
January 31, 2011... Beetel Teletech, a Bharti Group firm, is planning to focus on smaller cities and towns to enhance its presence in India's $1- billion information technology (IT) peripherals market. The peripherals market includes headphones, speakers,...

APAX, KKR EYE BLACKSTONE'S SHARE IN EMCURE PHARMA (which is evaluating various options to meets its growth and capital objectives).
January 31, 2011... Private equity firms Kohlberg Kravis & Roberts and Apax Partners are among the investors that are in separate discussions to acquire Blackstone's stake in Emcure Pharmaceuticals of Pune in Maharashtra for $100 million. Blackstone had...

INDIA'S ENGINEERING EXPORTS UP 50% IN DECEMBER (owing to increasing demand from the US and Middle Eastern markets).
January 31, 2011... The Engineering Export Promotion Council has stated that engineering exports from India rose year-on-year by 50 percent at $5.5 billion in Dec 2010 owing to increasing demand from the US and Middle Eastern markets. Engineering exports also...

FII INVESTMENT AT Rs79K CRORE IN 2011 SO FAR (translating into a net investment of Rs6,509.60 crore).
January 31, 2011... Data from the Securities and Exchange Board of India shows that investment by foreign institutional investors (FII) in the Indian capital market has been Rs79,420 crore in Jan 2011 from 19 trading sessions. FIIs also sold shares and bonds worth...

ADITYA BIRLA TO INK DEAL FOR US CARBON BLACK COMPANY (which has nine percent market share in the global carbon black production).
January 31, 2011... The Aditya Birla Group has reached an agreement to buy Columbian Chemicals of USA for $800 million and may fund the acquisition with funds organised by Standard Chartered Bank and Deutsche Bank. Columbian has nine percent market share in the...

DESPITE SCAM, EPFO PLANS TO INVEST IN LIC HOUSING AGAIN (just a small fraction of its Rs3 lakh crore corpus).
January 31, 2011... The Finance and Investment Commission (FIC) of the Employees' Provident Fund Organisation (EPFO) is planning to once again invest in scam hit LIC Housing Finance Ltd (LIC-HF). FIC is EPFO's advisory body on investments. FIC has stated that it...

LEATHER BODY EYES EXPORTS WORTH $8.25 BILLION BY 2014-2015 (following a strong revival in the European Union markets).
January 31, 2011... The Council for Leather Exports (CLE) has set an export target of $8.25 billion by 2014-2015 against the 2009-2010 level of $3.4 billion, with a compounded annual growth rate of 15 percent. CLE is bullish on the growth of leather exports from...

LML EYES COMEBACK, CHALKS OUT RECAST PLAN (by increasing its current product portfolio and re-entering the motorcycle segment).
January 31, 2011... LML, a manufacturer of two-wheelers, is planning for a comeback in the domestic market through an increase in its current product portfolio and re-entering the motorcycle segment. The company had approached the Board for Industrial and Financial...

SPICEJET SHELVES GULF PLAN, TO EXPAND DOMESTIC OPERATIONS (and strengthen presence in the South Asian Association for Regional Cooperation region).
January 31, 2011... Low-cost airline SpiceJet has shelved its plans of launching airline operations on the lucrative Gulf route. The company has, instead, decided to expand its network in India and strengthen presence in the South Asian Association for Regional...

CELEBI SET TO INFUSE $75 MILLION INTO INDIA'S AVIATION SECTOR (as it is betting big on the country's growing economy).
January 31, 2011... Aviation firm Celebi Holdings of Turkey is planning to invest $75.2 million in India's aviation sector, especially in ground handling and cargo operations, as it is betting big on the country's growing economy. The $350-million Celebi Group has...

GOVERNMENT KEEPS IMPORT WINDOW OPEN TO AVOID FURTHER ONION PRICE RISE (and also ensure better supply to the people).
January 31, 2011... The Ministry of Commerce and Industry, Government of India, has kept the import window open to prevent further rise in prices of onion. The government has stated that it is open to increasing imports of onions to ensure better supply to the...

MAKING THE CUT ' GEETANJALI SALONS (started with a seed capital of Rs17 lakh, its current worth is Rs20 crore).
January 31, 2011... Sumit Israni started his Geetanjali Salons in 1994 in Delhi with a seed capital of Rs17 lakh. Its current worth is Rs20 crore. He had his training from Jean Louis David in Paris. Geetanjali now has six saloons and a team of 200. Israni has...

ON THE JOB ' ESMS INDIA AND ESOURCE INDIA (company is helping the unidentified talent from small towns by giving them a platform).
January 31, 2011... ESMS India and Esource India was started in 2003 by Nitin Deveshwar. It is an online recruitment company started with a capital of Rs2 lakh. Its revenue is Rs40 crore per annum now. It is extending its recruitment drive to tier III and...

RULING THE VIRTUAL WORLD ' INDIAGAMES.COM (launching of 3G mobile has increased broadband base and helped the company expand its network).
January 31, 2011... Indiagames.Com was started with a seed capital of Rs3.5 crore and five persons in Mumbai in 1999. With gaming becoming prominent source of entertainment, Bollywood has realised its importance to compliment movies. The company is developing games...

TORCH BEARER - ILLUMINATII (planning to open showrooms in Dubai, London and across India).
January 31, 2011... Illuminatii, a candle manufacturing company, was started in 1998 in Delhi. It is providing employment to about 100 people. The company is now planning to open showrooms in Dubai, London and across India.

SAFE DRIVE HOME ' PARTY HARD DRIVERS (offers chauffeur service for clients to be driven home after night partying).
January 31, 2011... Party Hard Drivers (PHD) offers chauffeur service for clients to be driven home after night partying. PHD was started by two B.Com graduates Ankur Vaid and Saurabh Shah with a seed capital of Rs5 lakh. Its turnover now is Rs60 lakh. The...

CUSHY COMFORT ' RK IMPEX PRIVATE LIMITED (sells its products under the brand name Nakalchee Bandar).
January 31, 2011... RK Impex Private Limited started its home furnishing division in 2003. A carpet buying company, Impex started manufacturing fabrics and began introducing its products under the brand name Nakalchee Bandar. The company is now based in Noida....

IBERRY SOLUTIONS ' ARTIFICIAL INTELLIGENCE (laptop that provides e-learning material through electronic content softwares).
January 31, 2011... Iberry Solutions Private Limited was started by Prabind Kumar Singh of Delhi. His company produces laptops - Edberry-Edbook. The laptop though looks like any other laptop, it cannot be used as such as it acts as an e-book. It only provides...

MANYA EPO PRIVATE LIMITED ' TOP SCORERS (Manya EPO prepares students for examinations like GMAT, GRE and TOFEL and also for interviews).
January 31, 2011... Manya EPO (education process outsourcing) Private Limited was set up by two sisters, Aradhana Mahna and Nidhi Modi, in 2003 in Delhi. It was started with a seed capital of Rs75 lakh. It now generates an annual turnover of Rs25 crore. Manya...

MAMAGOTO RESTAURANT ' SPICE ROUTE (the menu is a fine blend of contemporary Thai and Japanese food at Mamagoto).
January 31, 2011... Kabir Suri and Rahul Khanna started their restaurant Mamagoto Restaurant chain in Delhi after contemplating for a year on location, name and other things needed for a restaurant. Mamagoto comes from the Japanese word which means play with food....

OFFSHORE RESEARCH PARTNERS ' LAWYER OUTSOURCED (provides Legal Process Outsourcing with a team of 15 lawyers).
January 31, 2011... Offshore Research Partners (ORP), which was started in 2009 in Kolkata with Ashish Arun as Managing Director, provides Legal Process Outsourcing. Started with an initial investment of Rs4 lakh and three lawyers, the firm now has 15 lawyers. It...

GLOBALS INC - NET GROWTH (provides applications for various industries, including education, finance and governments).
January 31, 2011... Global Inc is an information technology provider that offers solutions in web, e-commerce and mobile. It provides applications on the web for various industries, including education, finance and governments. Its Chief Executive Officer Suhas...

LEAPSTART ' FAT CAT (offers sports and fitness needs of school children).
January 31, 2011... LeapStart that offers physical education curriculum for school children was started by Aditya Kaura with an initial capital of Rs4 crore. The company, which considers obesity as an unhealthy trend in children, offers sports and fitness needs of...

ENTERTIANMENT DESIGN COMPANY ' ENTRY BY INVITATION ONLY (EDC opened its first store for cards in Delhi).
January 31, 2011... Entertainment and Design Company (EDC) of Sandy Khurana is in the business of printing and display of invitation cards. When Khurana began his business there were no retail stores for cards. The cards printed at that time were poor in...

GOSPORTS FOUNDATION 'SPORTY MEN (company aims to empower sporting talent in India through different levels of money support).
January 31, 2011... Gosports, a sports management consultancy firm, was founded by Nandan Kamath and Hakimuddin S. Habibulla at Bangalore in 2008. The company aims to empower sporting talent in India through different levels of money support. At present the company...

ECOWISE ' GREEN CHILD (a waste management recycling service provider).
January 31, 2011... Ecowise is a waste management recycling service provider started by Manik Thapar with a capital of Rs1 crore. The company collects waste from malls and hotels, at present in Delhi and Noida. The collected waste is taken to segregation site...

CEAT BUYS GLOBAL RIGHTS FOR BRAND FROM PIRELLI (Ceat now owns the Ceat brand in nine south Asian countries, including India).
January 31, 2011... Ceat Limited has purchased global rights of its Ceat brand from Pirelli of Italy for 9 million euros. This gives the Ceat Limited the rights to export tyres under the brand on its own across the globe. Ceat Limited now owns the Ceat brand in...

NATURAL RUBBER OUTPUT DIPS 5.4% IN NOV, IMPORTS UP BY 49% (natural rubber production declines to 88,500 tonnes due to heavy rains).
January 31, 2011... Natural rubber production in India declined by 5.4 percent to 88,500 tonnes in Nov 2010 as against 93,500 in Nov 2009 due to heavy rains. But the cumulative natural rubber production during Apr-Nov 2010 was up by 2.9 percent to 5,46,150 tonnes...

LANXESS OPENS NEW PLANT FOR ION EXCHANGE RESINS IN INDIA (ion exchange resin unit's products are used in industrial water treatment).
January 31, 2011... Lanxess, a specialty chemical group, has opened its ion exchange resins plant at Jhagadia in Gujarat. Said to be most modern plant in Asian region, the plant has production capacity of 35,000 tonnes per annum. The ion exchange resin unit's...

JSW TO SET UP DOWNSTREAM FACILITY IN BSAL'S LAND (once it takes possession of the debt-ridden company).
January 31, 2011... JSW Steel Ltd (JSWSL) is planning to set up a downstream unit or service centre on the 700 acres of land belonging to Bellary Steel & Alloys Ltd (BSAL) once it takes possession of the debt- ridden company, for which it has paid Rs210 crore....

ITC TO SET UP Rs3K-CRORE PAPER UNIT IN ANDHRA (to double production capacity to one million tonnes per annum).
January 31, 2011... ITC Ltd is planning to invest Rs3,000 crore for setting up a paper manufacturing unit at Khammam district of Andhra Pradesh as part of its plans to double production capacity to one million tonnes per annum over the next five years. ITC is...

AXLE PLANT TO BE SET UP BY RINL FOR INDIAN RAILWAYS (with an investment of Rs278 crore).
January 31, 2011... The Indian Railways has entered into a memorandum of agreement with Rashtriya Ispat Nigam Ltd (RINL) for establishing an axle plant called Uttarbanga with an investment of Rs278 crore. RINL has an option to form a 100 percent subsidiary or a...

RATING: REAL ESTATE SECTOR WILL BE DRIVEN BY DEMANDS FOR HOMES IN 2011 (Fitch has termed the outlook for the Indian real estate sector as stable with negative bias for 2011).
January 31, 2011... Fitch Ratings has termed the outlook for the Indian real estate sector as stable with negative bias for 2011. The sector will be driven by demands for residential units. However, the demand is expected to be slow in the short term on account of...

ADANI TO DEVELOP PORTS AT KERALA, TAMIL NADU, ORISSA AND ANDHRA PRADESH (the group is aiming at becoming the largest cargo handling company by building six ports by 2015).
January 31, 2011... Adani Group is holding discussions with the governments of Kerala, Andhra Pradesh, Tamil Nadu and Orissa for setting up ports. The group is aiming at becoming the largest cargo handling company by building six ports by 2015 and increasing the...

FERTILISER PROFILE: NOVEMBER 2010 (production of nitrogenous fertilisers records an increase of 1.5 percent at 1.084 million tonnes).
January 31, 2011... The production of nitrogenous fertilisers in India during the month of Nov 2010 recorded an increase of 1.5 percent at 1.084 million tonnes (mt) as compared with Nov 2009. The production of phosphatic fertilisers fell by 6.2 percent to 0.376 mt....

SAHSPL COLLABORATES WITH DOSA HUT FOR SOUTH SPECIALITIES IN NORTH INDIA (the partnership aims at offering the customers the highest and freshest quality ingredients).
January 31, 2011... South Asian Hospitality Services Pvt Ltd (SAHSPL) has tied up with Dosa Hut, a specialist in South Indian cuisine. The partnership aims at offering the customers the highest and freshest quality ingredients. Dosa Hut has outlets in Pune and...

THE GOVERNMENT'S NEW INITIATIVE: MEGA FOOD PARKS (to increase India's share in the global food trade to 3 percent from 1.5 percent by 2015).
January 31, 2011... The Government of India is planning to establish mega food parks in major cities in its bid to increase India's share in the global food trade to 3 percent from 1.5 percent by 2015. It will invest Rs2.5 billion in the projects that will have...

MARUTI HAS MORE REPEAT BUYERS (first time buyer percentage has come down from 52% to 45%).
January 31, 2011... Maruti Suzuki has said that repeat customers are increasingly adding to its sales numbers. According to the company, the first time buyer percentage has come down from 52 percent to 45 percent of the total sales in the last four years. The...

GLOBAL DECOR BRANDS EYE INDIA (prompted by the increasing demand for premium and luxury residential properties).
January 31, 2011... Many international luxury home decor and furnishing brands are planning to set up shop in India, prompted by the increasing demand for premium and luxury residential properties. International Furniture Brands (IFBrands), a retail chain for...

BEETEL TARGETS SMALLER CITIES TO BOOST IT PERIPHERALS BUSINESS (is looking to be among the top three players in the IT peripherals market by the end of 2011-2012).
January 31, 2011... Beetel Teletech, a Bharti group firm, intends to focus on smaller cities and towns. The company is looking to be among the top three players in the IT peripherals market by the end of 2011- 2012. The IT peripherals business includes...

PARLE TO BUY APPLE CONCENTRATE FROM HPMC (the company will us the concentrate for making fruit juices, nectars and drinks).
January 31, 2011... Parle Agro is planning to buy 300 tonnes of apple juice concentrate from Himachal Pradesh Horticultural Produce Marketing and Processing Corporation (HPMC). Parle will us the concentrate for making fruit juices, nectars and drinks. HPMC is...

RBI REGULATION LIMITS PAYPAL SERVICE IN INDIA (the new regulation has put a $500 cap on export purchase).
January 31, 2011... The Reserve Bank of India (RBI) has notified a new set of rules governing the processing and settlement of export-related receipts through online payment gateways. The rules come into effect from 1 Mar 2011. The new regulation has put a $500 cap...

IOB TO RAISE $1 BILLION THROUGH MTN; MAY GO FOR QIP, FPO (will use the funds for its overseas expansion plans).
January 31, 2011... Indian Overseas Bank (IOB) is planning to raise $1 billion (Rs4,600 crore) through medium-term notes (MTN). IOB will use the funds for its overseas expansion plans. The bank is also planning to raise capital through qualified institutional...

CG FOODS PLANS TO INVEST Rs100 CRORE (in expansion of brand and distribution set up over the next three years).
January 31, 2011... CG Foods (CGF) is planning to invest Rs100 crore in expansion of brand and distribution set up over the next three years. The company is looking at acquisitions for growth and is augmenting distribution network in the southern and western...

TACO BELL OPENS SECOND OUTLET IN BANGALORE (to launch its international range Volcano).
January 31, 2011... Taco Bell, the Mexican quick service restaurant chain, has inaugurated its second outlet in Bangalore to launch its international range 'Volcano'. The first outlet had been opened in Mantri Square. The Volcano offering includes Volcano Burritos,...

VITAL STATISTICS ON GSM: BHARTI AIRTEL (the largest GSM operator in the country with a base of 14,93,94,064 subscribers).
January 31, 2011... A study of the telecom sector by Voice & Data with inputs from the Cellular Operators Association of India reveals that the 12 Global System for Mobile Communication (GSM) service providers in India had a total of 52,58,88,822 subscribers as...

VITAL STATISTICS ON GSM: VODAFONE ESSAR (second largest GSM operator in the country with a base of 12,11,63,116 subscribers).
January 31, 2011... A study of the telecom sector by Voice & Data with inputs from the Cellular Operators Association of India reveals that the 12 Global System for Mobile Communication (GSM) service providers in India had a total of 52,58,88,822 subscribers as...

VITAL STATISTICS ON GSM: IDEA CELLULAR (the third largest GSM operator in the country with a base of 7,88,25,800 subscribers).
January 31, 2011... A study of the telecom sector by Voice & Data with inputs from the Cellular Operators Association of India reveals that the 12 Global System for Mobile Communication (GSM) service providers in India had a total of 52,58,88,822 subscribers as...

VITAL STATISTICS ON GSM: BSNL (fourth largest GSM operator in the country with a base of 7,81,94,052 subscribers).
January 31, 2011... A study of the telecom sector by Voice & Data with inputs from the Cellular Operators Association of India reveals that the 12 Global System for Mobile Communication (GSM) service providers in India had a total of 52,58,88,822 subscribers as...

VITAL STATISTICS ON GSM: AIRCEL (fifth largest GSM operator in the country with a base of 4,87,38,940 subscribers).
January 31, 2011... A study of the telecom sector by Voice & Data with inputs from the Cellular Operators Association of India reveals that the 12 Global System for Mobile Communication (GSM) service providers in India had a total of 52,58,88,822 subscribers as...

VITAL STATISTICS ON GSM: RELIANCE COMMUNICATIONS (sixth largest GSM operator in the country with a base of 1,63,11,206 subscribers).
January 31, 2011... A study of the telecom sector by Voice & Data with inputs from the Cellular Operators Association of India reveals that the 12 Global System for Mobile Communication (GSM) service providers in India had a total of 52,58,88,822 subscribers as...

VITAL STATISTICS ON GSM: UNINOR (seventh largest GSM operator in the country with a base of 1,61,98,124 subscribers).
January 31, 2011... A study of the telecom sector by Voice & Data with inputs from the Cellular Operators Association of India reveals that the 12 Global System for Mobile Communication (GSM) service providers in India had a total of 52,58,88,822 subscribers as...

VITAL STATISTICS ON GSM: VIDEOCON TELECOMMUNICATIONS (eighth largest GSM operator in the country with a base of 67,43,803 subscribers).
January 31, 2011... A study of the telecom sector by Voice & Data with inputs from the Cellular Operators Association of India reveals that the 12 Global System for Mobile Communication (GSM) service providers in India had a total of 52,58,88,822 subscribers as...

VITAL STATISTICS ON GSM: MTNL (ninth largest GSM operator in the country with a base of 50,90,514 subscribers).
January 31, 2011... A study of the telecom sector by Voice & Data with inputs from the Cellular Operators Association of India reveals that the 12 Global System for Mobile Communication (GSM) service providers in India had a total of 52,58,88,822 subscribers as...

VITAL STATISTICS ON GSM: LOOP MOBILE (tenth largest GSM operator in the country with a base of 30,28,695 subscribers).
January 31, 2011... A study of the telecom sector by Voice & Data with inputs from the Cellular Operators Association of India reveals that the 12 Global System for Mobile Communication (GSM) service providers in India had a total of 52,58,88,822 subscribers as...