India Business Insight articles from May 2010

India Business Insight archives from May 2010

CASHEW: THE EXPORT COMMODITY IS LOSING ITS SHINE (as Vietnam takes over from India as the major exporter).
May 31, 2010... India was the major exporter of cashew in the world till 2007- 2008. Now, Vietnam has taken over as the world's leading exporter of cashew. The declining export of cashew from India is due to the increasing domestic demand. In 2009-2010, cashew...

GOVERNMENT TO TRIPLE SIZE OF FOOD PROCESSING SECTOR (within the next decade).
May 31, 2010... The Ministry of Food Processing Industries, Government of India stated that it has adapted the Vision 2015, which aims to triple the size of the food processing sector within the next decade. It aims to increase the level of processing of...

WALMART ASIA TO MAKE INDIA AN EXPORT HUB (for its global operations).
May 31, 2010... Walmart Asia is planning to make India as a major export hub for its global operations. It will source products from India for its retail stores across the world. At present India contributes about $125 million worth of exports for the retail...

NAFED TO SELL FOOD PRODUCTS IN GULF AND EUROPE (using the Kochi port).
May 31, 2010... Nafed plans to enter the Gulf and European markets using the Kochi port. It plans to export Kerala-specific food products, which will cater to the Indian diaspora. The first shipment of products like rice powder, idli mix, sambhar mix and...

DEVAS GETS PREFERENTIAL ALLOCATION OF ISRO'S SPECTRUM (by virtue of an agreement signed between them five years ago).
May 31, 2010... Devas Multimedia Private Ltd (Devas) of Bangalore has got preferential allocation of air waves controlled by the Indian Space Research Organisation (ISRO) by virtue of an agreement signed between them five years ago. Antrix Corporation, the...

ESSAR TO BUY AVAYA'S 59% IN AGC NETWORKS FOR Rs206 CRORE (and also make an open offer for an additional 20% stake).
May 31, 2010... The Essar group will acquire 59.13 percent stake held by Avaya in AGC Networks of Mumbai for Rs206.19 crore. The group will also make an open offer for an additional 20 percent stake. AGC Networks was earlier known as Avaya GlobalConnect and...

DR. REDDY'S BONUS DEBENTURES ISSUE GETS SHAREHOLDERS' NOD (at a meeting convened on 28 May 2010).
May 31, 2010... The shareholders of Dr Reddy's Laboratories of Hyderabad have given their approval for the company's proposal to issue bonus debentures by restructuring the general reserves of the company at a meeting convened on 28 May 2010. According to the...

V-GUARD NET UP ON EXPANSION (in tier-II and tier-III cities).
May 31, 2010... V-Guard Industries Ltd (VGIL) has announced that its net profit jumped by 47 percent to Rs25.47 crore for 2009-2010 from Rs17.35 crore for 2008-2009. VGIL has attributed the increase in profit to expansion in tier-II and tier-III cities in...

CHINA'S SAIC, GM LOOK BEYOND INDIA FOR GLOBAL GROWTH (through a JV).
May 31, 2010... The 50:50 joint venture (JV) of SAIC Motor Corp (SAIC) of China and General Motors (GM) is looking beyond India for its global growth and Malaysia, Thailand and Indonesia seem to be on its mid- term radar. The recently formed JV intends to...

CENTURY PLY CONSOLIDATED NET SOARS (by 156% to Rs146.18 crore for 2009-2010 from Rs57.20 crore for 2008-2009).
May 31, 2010... Century Plyboards (I) Ltd has announced that its consolidated net profit surged by 156 percent to Rs146.18 crore for 2009-2010 from Rs57.20 crore for 2008-2009. Its turnover grew by 11.73 percent to Rs1,314.20 crore for 2009-2010 (Rs1,176.27...

ROYAL ORCHID PLANS EXPANSION (over the next 12-18 months).
May 31, 2010... The hospitality chain Royal Orchid Hotels of Bangalore is planning to add 800 rooms in company owned properties across the country over the next 12-18 months to take its total room capacity to 2,000 rooms. It is also looking at providing 2,000...

TATA BEVERAGES EYES BUYS ABROAD (to strengthen its presence in US, Middle-East and Russia).
May 31, 2010... Tata Beverages Ltd (TBL) is eyeing acquisitions abroad, particularly in US and Eastern Europe. It is planning to strengthen its presence in US, Middle-East and Russia, apart from increasing focus in the domestic market. TBL, formerly Tata...

E-WASTE COMPANY ATTERO BETS ON PROPOSED LAW TO PUT ONUS ON CONSUMERS (for ethical disposal of electronic goods).
May 31, 2010... Attero Recycling of Delhi is banking on a law that is still at a draft stage to set up framework for electronic waste (e-waste) management, wherein users pay for ethical disposal of electronic goods. According to Attero, awareness in the...

SINGAPORE LOGISTICS MAJOR SEES POTENTIAL IN INDIA (for warehousing and inventory management, transportation and distribution).
May 31, 2010... The YCH Group of Singapore, which is seeing a major potential in India, has decided to set up 10-12 YCH DistriParks over the next five years at a cost of Rs1,000 crore for providing logistics and distribution support to manufacturing companies....

NSIC LAUNCHES MARKETING INTELLIGENCE CELL (for MSMEs).
May 31, 2010... The National Small Industries Corporation (NSIC) has launched a marketing intelligence cell for micro, small and medium enterprises (MSMEs) following recommendation of the task force on MSME. The intelligence cell will collect and disseminate...

PAU TOURISM SETS UP INDIA OFFICE (to increase its focus on the Indian market).
May 31, 2010... Pau Pyrennes Tourism of France has decided to set up a representative office in India to increase its focus on the Indian market. According to the Pau Chamber of Commerce and Industry, India has great potential and Indian travellers are...

IREDA, 4 OTHERS JOIN ENERGY EFFICIENCY BODY'S FUNDING PLATFORM (EEFP).
May 31, 2010... IREDA and four other companies have joined the proposed energy efficiency financing platform (EEFP) of the Bureau of Energy Efficiency (BEE), which aims to create a mechanism to provide for demand side management programmes in all sectors by...

MANGALORE AIR CRASH: AIR INDIA PAYS INTERIM COMPENSATION OF Rs4.77 CRORE (in 52 cases).
May 31, 2010... Air India has disbursed interim compensation of Rs4.77 crore in 52 cases to families of the victims of the air crash that occurred on 22 May 2010 at the Mangalore Airport. Air India had announced interim compensation of Rs10 lakh for the family...

WEST COAST PAPER TO SIGN PACT WITH GVR INFRA; DECLARES 100% DIVIDEND (for 2009-2010).
May 31, 2010... West Coast Paper Mills Ltd has decided to sign a memorandum of understanding with GVR Infrastructure Projects Ltd (GVR) of Chennai for investing in infrastructure projects. The board of directors of West Coast has declared 100 percent dividend...

WE WILL BE ABLE TO POST UPWARDS OF 8% GDP GROWTH THIS FISCAL, SAYS SCINDIA (and is confident of meeting the $200 billion export target for 2010-2011).
May 31, 2010... Mr. Scindia has stated that India will be able to post a gross domestic product (GDP) growth of over eight percent in 2010-2011. He is the Minister of State for Commerce and Industry, Government of India and is confident of meeting the $200...

SHIRDI INDUSTRIES TO INVEST Rs100 CRORE IN TAMIL NADU (to set up a facility for manufacturing MDF, thin MDF and laminated particle board).
May 31, 2010... Shirdi Industries Ltd (SIL) is planning to invest Rs100 crore to set up a facility at Gummidipoondi near Chennai in Tamil Nadu. The promoters of SIL propose to raise the funds by diluting 27.3 percent of equity through a public issue. The...

GOVERNMENT KEEPS JUNE SUGAR SALE QUOTA AT 17 LAKH TONNES (including 12.8 lakh tonnes of normal free sale quota of sugar mills).
May 31, 2010... The Ministry of Food and Agriculture, Government of India, has allocated 17 lakh tonnes (LT) of sugar for sale in the open market for Jun 2010. The allocation includes 12.8 LT of normal free sale quota of sugar mills and 3.7 LT of white/refined...

NAFED TO MARKET COCONUT PRODUCTS (to avoid intermediaries and reduce the price spread).
May 31, 2010... The National Agricultural Cooperative Marketing Federation of India (NAFED) is expected to tie up with the Coconut Development Board (CDB) of Kochi to market various coconut products across India as well as globally. According to CDB, the...

TEASERVE TO TAKE MANUAL SALE ROUTE (as it has become temporarily inoperative on account of maintenance reasons).
May 31, 2010... The members of web portal Teaserve plan to take the manual auction route from 2 Jun 2010 as it has become temporarily inoperative on account of maintenance reasons. Teaserve is the world's first electronic auctions centre in the cooperative...

INDIAN BANK TO RAISE Rs1,000 CRORE VIA TIER-II BONDS (to strengthen its capital adequacy ratio).
May 31, 2010... Indian Bank is planning to raise Rs1,000 crore through tier-II bonds by 30 Jun 2010 to strengthen its capital adequacy ratio, which is at present 12.71 percent. The fund raising will also take care of its targeted business growth for 2010-2011....

FINANCIAL QUERIES TOP GOOGLE INDIA SEARCH TERMS (with most users searching for big brands that offer financial services).
May 31, 2010... The online search giant Google has stated that finance related queries have increased by 73 percent annually on its Google India site, with most users searching for big brands that offer financial services. Of the total number of financial...

INFOSYS REJECTS 94% OF JOB APPLICANTS (during 2009-2010).
May 31, 2010... Infosys Technologies Ltd has rejected 94 percent of the 4,00,812 job applicants during 2009-2010. According to the company, 28 percent of the successful candidates offered jobs did not join. Infosys and its subsidiaries employed around 1,13,800...

RELIANCE MEDIA WORLD SCRIPTS BIG CBS TV FORAY (joint venture with CBS Corporation will launch a network of television channels under the brand BIG CBS).
May 31, 2010... Reliance Media World (RMW) of the Anil Dhirubhai Ambani Group (ADAG) is to form an equal stake joint venture (JV) with media company CBS Corporation of America. The JV will launch a network of television channels under the brand BIG CBS. It will...

PIRAMALS IN TALKS TO SELL GLASS BUSINESS (to sell its glass business to Hindusthan National Glass & Industries, based in Kolkata).
May 31, 2010... The Ajay Piramal Group has initiated negotiations to sell its glass business to Hindusthan National Glass & Industries, based in Kolkata. The two parties are discussing the valuation of the deal. The Piramals want a premium on the market...

MCDONALD'S TO INVEST Rs100 CRORE ON EXPANSION (to add 30 restaurants per annum in the western and southern regions over the next 3-4 years).
May 31, 2010... McDonald's India is to invest Rs100 crore annually over the next 3-4 years to add 30 restaurants per annum in the western and southern regions. It has been growing at 35 percent per annum for the past several years and will now consolidate its...

YAMAHA TURNS TO RURAL AREAS TO CONTINUE GROWTH (plans to add about 1,000 outlets in sub-urban and remote areas by 2014).
May 31, 2010... Yamaha, which makes two-wheelers, aims to double sales in rural markets in India within the next five years. It plans to add about 1,000 outlets in sub-urban and remote areas by 2014. The idea behind strengthening its presence in rural areas...

UNINOR CAPTURES SPIRIT OF YOUTHFUL OPTIMISM (the company believes in putting people first and is replicating this approach with all its customers and the people that this brand touches).
May 31, 2010... Uninor is the telecom joint venture between Telenor of Norway and Indian real estate company Unitech. It operates in eight of India's 22 telecom circles and owns licences for the remaining circles. The company believes in putting people first...

KINGFISHER, FINNAIR VOTED AMONG BEST CARRIERS (as per a survey among 18 million air passengers from some 100 different countries conducted by Skytrax).
May 31, 2010... Kingfisher Airlines has been voted the best Indian carrier in a global survey by an independent research agency. Finnair has been voted the best in north Europe. Kingfisher was voted the best in India under three categories - best airline in...

S KUMARS TO LAUNCH TWO READY-TO-WEAR BRANDS (called Kruger casual premium and World Player economy brand in the ready-to-wear segment).
May 31, 2010... Textile company S Kumars plans to launch two new brands, Kruger (casual premium) and World Player (economy brand), in the ready- to-wear segment in 2010-2011. S Kumars is the first listed and organised company to start a mass brand targeting 250...

JAIPRAKASH PROFIT UP 166% TO Rs1,119 CRORE (in 2009-2010 against Rs420.25 crore in 2008-2009).(Financial report)
May 31, 2010... The consolidated net profit of Jaiprakash Associates has risen by 166 percent to Rs1,119.18 crore in 2009-2010 (Rs420.25 crore in 2008-2009). The consolidated total income of the company rose to Rs5,772.69 crore (Rs4,989.3 crore). On a...

KINGFISHER PAYS 40% OF OVERDUE FUEL BILL TO HPCL (also agrees to give a bank guarantee as insurance against default on future fuel purchases).
May 31, 2010... Kingfisher Airlines has repaid 40 percent of its overdue fuel bill to Hindustan Petroleum Corporation Ltd (HPCL). It has also agreed to give a bank guarantee as insurance against default on future fuel purchases. This is because of pressure from...

ASAHI SONGWON EYES 20% GROWTH (in 2010-2011).
May 31, 2010... Pigment manufacturer Asahi Songwon Colors Ltd (ASCL), based in Gujarat, is aiming for a 20 percent growth in its revenue and profits in 2010-2011. With the economy recovering, the company is confident of achieving better capacity utilisation. ...

ESSAR TO ACQUIRE AGC NETWORKS (Avaya agrees to sell 59% in AGC Networks to Essar Services Holdings Ltd for Rs206.19 crore).
May 31, 2010... Avaya, which provides networking and enterprise communications, has agreed to sell 59 percent in AGC Networks to Essar Services Holdings Ltd (ESHL) for Rs206.19 crore. The acquisition will be followed by an open offer for AGC shareholders for an...

TATA BEVERAGES EYES BUYS IN US, EASTERN EUROPE (plans to strengthen its presence in the overseas markets of US, Middle East and Russia).
May 31, 2010... Tata Beverages is looking for acquisitions in the United States (US) and Eastern Europe. It is also drawing up plans to expand its product portfolio beyond its core tea and coffee. It plans to strengthen its presence in the overseas markets of...

NAU DEVELOPS NEW TURMERIC (which is resistant to diseases, high in yield with better curcumin content than local variety sugandham).
May 31, 2010... Navsari Agriculture University (NAU) in Navsari district of Gujarat has developed a new variety of turmeric, which is resistant to diseases, high in yield with better curcumin content than local variety sugandham. The new variety is known as NAU...

ELECTRICITY FROM CHICKEN LITTER TURNS ON FARMERS (chicken droppings produce methane gas, which is being converted into electricity using a patented technology in Goundampalayam village in Tamil Nadu).
May 31, 2010... Chicken droppings produce methane gas, which is being converted into electricity using a patented technology in Goundampalayam village, Namakkal district, Tamil Nadu. A few years ago GK Bio Energy, based in Chennai, was producing power from...

INDIA'S SUGARCANE OUTPUT MAY RISE BY 10% THIS YEAR (to over 300 million tonnes in 2010-2011 crop year, compared to 274 million tonnes in 2009-2010 crop year).
May 31, 2010... According to the National Federation of Cooperative Sugar Factories, sugarcane production in India is likely to increase by 10 percent to over 300 million tonnes in 2010-2011 crop year, compared to 274 million tonnes in 2009-2010 crop year. ...

AXIS MF LOOKS TO MANAGE Rs10,000-CRORE ASSETS (hopes to double its investor base in India to 3 lakh by the end of 2010-2011).
May 31, 2010... Axis Mutual Fund (MF) is looking to more than double the size of assets under management (AUM) to Rs10,000 crore by 31 Mar 2011. It is also looking at entering the overseas markets in 2011. It will come out with a new fund for overseas...

ARCELORMITTAL PLANS POWER VENTURE IN INDIA (is likely to set up thermal power plants initially).
May 31, 2010... ArcelorMittal plans to foray into power generation in India. The company has appointed Prosad Dasgupta as chief executive officer of its power division. ArcelorMittal is likely to set up thermal power plants initially and consider gas-based...

DOT EXPECTS Rs40,000-CRORE REVENUE FROM BWA AUCTION (against its initial target of Rs15,000 crore).
May 31, 2010... The Department of Telecommunications (DoT) is expecting revenues of Rs30,000-40,000 crore from the auction of broadband wireless access (BWA) spectrum, against its initial target of Rs15,000 crore. The Government of India's revenues from the...

GOVT-RUN SEZ SHUTS DOOR TO IT FIRMS (to check the increasing occupancy by IT companies in the zone).
May 31, 2010... Madras Export Processing Zone (MEPZ) has decided not to encourage anymore information technology (IT) companies to set up operations in the zone. The decision has been to check the increasing occupancy by IT companies in the zone, which was...

CITY UNION BANK TO RAISE Rs1,000 CRORE THROUGH QIP (has set a business target of Rs22,000 crore for 2010-2011).
May 31, 2010... City Union Bank (CUB) plans to raise about Rs1,000 crore over the next three years through qualified institutional placements (QIPs). The bank has received approval from its board to raise Rs300 crore and plans to seek approval for another...

RICHARD IVEY INVESTS IN IIM-BANGALORE FOR RESEARCH, EXCHANGE PROGRAMMES (will invest $100,000 in IIM-B).
May 31, 2010... The Richard Ivey School of Business (Ivey) at the University of Western Ontario has signed a memorandum of understanding (MoU) with the Indian Institute of Management, Bangalore (IIM-B). As per the MoU, Ivey will invest $100,000 (about Rs46...

'IRDA CAN APPOINT SURVEYOR TO DECIDE QUANTUM OF DAMAGES' (Court rejects plea of New India Assurance Company).
May 31, 2010... The Delhi High Court has stated that a person can approach the Insurance Regulatory and Development Authority (IRDA) seeking compensation for the loss suffered and it is empowered to appoint surveyors for assessing the quantum of damages. ...

MAGMA FINCORP TO GET INTO INSURANCE, EXPECTS IRDA NOD IN 2010- 2011 (for its general insurance venture).
May 31, 2010... Magma Fincorp has stated that it is expecting regulatory clearance from the Insurance Regulatory and Development Authority (IRDA) for its general insurance venture with German firm, HDI-Gerling International Holding AG. Magma is expecting an R1...

AXIS MF LOOKS TO MANAGE Rs10,000 CRORE ASSETS (by Mar 2011 from the present Rs4,000 crore).
May 31, 2010... Axis Mutual Fund (MF) is aiming to double the size of assets under management to Rs10,000 crore by Mar 2011 from the present Rs4,000 crore and also double the investor base to three lakh. Axis MF is expecting to increase its schemes to 10 during...

HONDA SIEL SMALL CAR TO HIT ROADS BY OCTOBER (2010).
May 31, 2010... Honda Siel Cars India Ltd (HSCIL) is planning to launch its first small car in India by Oct 2010 at Rs3.5-4 lakh in a bid to expand its customer base and increase overall car sales. HSCIL's Honda Jazz has not performed to its expectations...

ESSAR GROUP TO BUY AVAYA'S 59.13% IN AGC NETWORKS (for $44.5 million).
May 31, 2010... The Essar group has agreed to acquire 59.13 percent stake held by Avaya in AGC Networks for $44.5 million or Rs206.19 crore at Rs245 per share to boost its business process outsourcing (BPO) business. The group will acquire the stakes in AGC...

SUZLON ENERGY Q4 LOSS AT Rs188 CRORE (for Jan-Mar 2010 as compared to a profit of Rs314.89 crore for Jan-Mar 2009).(Financial report)
May 31, 2010... Suzlon Energy Ltd has announced a consolidated loss of Rs188.47 crore for Jan-Mar 2010 as compared to a profit of Rs314.89 crore for Jan-Mar 2009. Its total income fell to Rs6,174.58 crore for Jan-Mar 2010 (Rs9,321.23 crore).

CLEARTRIP AIMS 40% MARKET SHARE IN 3 YEARS (by launching a host of new tools in 2010-2011).
May 31, 2010... The online travel portal, Cleartrip, is aiming to get a 40 percent market share in the next three years by launching a host of new tools in 2010-2011 and entering new geographies. Cleartrip plans to introduce more and more innovative products...

INDIA'S PHARMA INDUSTRY SET FOR BIG TAKE-OFF (and the business is likely to be worth $50 billion in the next decade).
May 31, 2010... India is set to become one of the top 10 drug markets in the world as its pharma industry is set for a big take-off. The business is likely to be worth $50 billion in the next decade. India now ranks 14th largest drug market in the world with...

CARLYLE PE TO INVEST IN INDIA FROM ASIA BUYOUT FUND (of $2.6 billion).
May 31, 2010... The $90 billion private equity (PE) player, Carlyle group will invest in India a third of its Asia Buyout Fund of $2.6 billion. It made its first investment in India recently through its $650 million purchase of six percent stake in Housing...

WAL-MART EYEING GROWTH OPPORTUNITIES IN INDIA (after making a quiet entry into India).
May 31, 2010... The retail food giant Wal-Mart of US is looking at growth opportunities in India after making a quiet entry into India. It has already set up backward linkages in agriculture at Amritsar. The joint venture between Bharti Enterprises and...

SUMITOMO TO RESURRECT SWARAJ MAZDA'S SHRINKING MARKET (in India).
May 31, 2010... Sumitomo of Japan will increase its stake in Swaraj Mazda and make efforts to increase Swaraj Nazda's shrinking market share in India. Swaraj Mazda of Chandigarh, the manufacturer of light commercial vehicles has seen its market share shrink...

THREE FOLD INCREASE TARGETED (in cargo traffic).
May 31, 2010... India's 12 major ports handled 560.68 million tonnes (mt) cargo traffic in 2009-2010, a growth of 5.68 percent over 2008-2009. A three-fold increase is being targeted in cargo traffic under the National Maritime Development Programme. A...

MAGMA FINCORP TO GET INTO INSURANCE (plans a general insurance joint venture with HDI-Gerling International Holding AG of Germany).
May 31, 2010... Magma Fincorp, a vehicle financing firm, has applied to the Insurance Regulatory and Development Authority (IRDA) for its general insurance venture with HDI-Gerling International Holding AG of Germany. The company expects to get clearance during...

IRDA CAN HIRE SURVEYOR TO DECIDE DAMAGES (rules the High Court of Delhi).
May 31, 2010... The High Court of Delhi has brushed aside a plea by New India Assurance Company and has ruled that a person can approach the Insurance Regulatory and Development Authority (IRDA) seeking compensation for the loss suffered and that the IRDA is...

AXIS MUTUAL FUND AIMS TO DOUBLE ITS ASSET TO Rs10,000 CRORE BY MAR 2011 (also expects its investor base to double to 3,00,000 by the end of 2010-2011).
May 31, 2010... Axis Mutual Fund is aiming at more than doubling its assets under management (AUM) to Rs10,000 crore by the end of Mar 2011. The company is also planning to enter the overseas markets in 2011. Axis Mutual intends to a new fund for the...

SUZLON ENERGY Q4 LOSS AT Rs188 CRORE (total income declines to Rs6,174.58).(Financial report)
May 31, 2010... Suzlon Energy has reported a consolidated loss of Rs188.47 crore for the Jan-Mar 2010 quarter, whereas it had posted a profit of Rs314.89 crore for the Jan-Mar 2009 quarter. The company's total income declined from Rs9,321.23 crore during...

CLENERGEN PLANS Rs130 CRORE IPO (to part-fund its 32-MW biomass power project).
May 31, 2010... Clenergen India, a subsidiary of US-based renewable energy company Clenergen Corporation, is planning on an initial public offering (IPO) to raise Rs130 crore to part-fund its 32-megawatt (MW) biomass power project. The company is setting up the...

THE BOMBAY STORE LOOKS AT MULTIPLE VERTICALS (plans to set up stores in prominent hotel chains across India).
May 31, 2010... The Bombay Store, a specialty retailer, is planning to set up stores in prominent hotel chains across India to target foreign tourists and non-resident Indians (NRIs). The company will partner with The Leela, Four Seasons, Novotel in...

GM INDIA STUDYING MARKET TO LAUNCH CHINESE LCVs (by the end of 2010).(Industry overview)
May 31, 2010... General Motors (GM) India is planning to launch light commercial vehicles (LCVs) from its Chinese joint venture partner SAIC. The company is conducting a market research for the launch by the end of 2010. It is also planning to export these...

HERBALLIFE TO SET UP OWN MANUFACTURING FACILITY (to also enter 50 smaller cities and expand its product portfolio).
May 31, 2010... California-headquartered Herbalife India is a manufacturer of nutrition food supplement, weight management and personal care products. The company, which has been present in the Indian market for 10 years, is planning to enter 50 smaller...

EMAMI IMPROVES BOTTOM LINE ON POWER BRANDS (during Jan-Mar 2010).
May 31, 2010... Emami has reported a 44 percent increase in profit after tax (PAT) to Rs39 crore and a 20 percent growth in consolidated turnover to Rs280 crore during Jan-Mar 2010, owing to substantial growth of some of its power brands and significant rise in...

ZARA MAKES NEW DELHI ITS FIRST STOP; MUMBAI NEXT (Inditex group also has plans to soon open Zara stores in all the major Indian cities).
May 31, 2010... Inditex group, the Spanish fashion retailer, has opened its first Zara store in Delhi's Select City Walk. It plans to open a store in Mumbai's Palladium mall and in Delhi's DLF Promenade in 2010. It also has plans to soon open Zara stores in all...

HUBS OF EXCELLENCE: TOP FIVE UNIVERSITIES (in India includes Banaras Hindu University).
May 31, 2010... Banaras Hindu University is breaking new grounds in research and is revamping infrastructure to become a hub of excellence. It is now one of the top five universities in India. Chanting expansion mantra has pushed the university to new heights....

HUBS OF EXCELLENCE: TOP FIVE UNIVERSITIES (in India includes Jawaharlal Nehru University).
May 31, 2010... Jawaharlal Nehru University is breaking new grounds in research and is revamping infrastructure to become a hub of excellence. It is now one of the top five universities in India. It continues to be a centre for out-of-the-box thinking. There is...

HUBS OF EXCELLENCE: TOP FIVE UNIVERSITIES (in India includes University of Delhi).
May 31, 2010... University of Delhi is breaking new grounds in research and is revamping infrastructure to become a hub of excellence. It is now one of the top five universities in India. It has a culture of excellence and remains the favourite destination for...

HUBS OF EXCELLENCE: TOP FIVE UNIVERSITIES (in India includes University of Calcutta).
May 31, 2010... University of Calcutta is breaking new grounds in research and is revamping infrastructure to become a hub of excellence. It is now one of the top five universities in India. Research is the new mantra in the university that has struck a balance...

HUBS OF EXCELLENCE: TOP FIVE UNIVERSITIES (in India includes University of Madras).
May 31, 2010... University of Madras is breaking new grounds in research and is revamping infrastructure to become a hub of excellence. It is now one of the top five universities in India due to outstanding research work. It has signed memorandum of...

HATSUN AGRO PRODUCT LTD (is the largest private sector dairy in India).
May 31, 2010... Hatsun Agro Product Ltd, which is the largest private sector dairy in India, is planning to increase its presence in Rajasthan. It recorded a turnover of Rs1,000 crore for 2008-2009 and is targeting an increase of 20 percent for 2009-2010.

BARISTA COFFEE COMPANY (is launching Caffe di Roma at some of its outlets).
May 31, 2010... Barista Coffee Company is launching Caffe di Roma at some of its outlets as part of its expansion in India. The Italian coffee roaster is a subsidiary of Lavazza. Caffe di Roma is a traditional Italian concept of a cafe.

UNITED SPIRITS LTD (has helped UB group to become the world's second largest liquor manufacturer).
May 31, 2010... United Spirits Ltd has helped United Breweries (UB) group to become the world's second largest liquor manufacturer with sales of over 100 million cases in 2009-2010. It is aiming to overtake the number one manufacturer Diageo in 2010-2011.

BISLERI INTERNATIONAL (plans to launch water with fruity flavours in 2010-2011).
May 31, 2010... The bottled water major Bisleri International plans to launch water with fruity flavours in 2010-2011. It is currently doing research on the product and is waiting for the right time to launch the new product.

JUBILANT FOODWORKS LTD (wants to have greater penetration in India).
May 31, 2010... Jubilant Foodworks Ltd, which is the master franchisee for Domino's Inc in India, wants to have greater penetration in India. It also wants to build brand equity and tap new distribution channels in 2010-2011. It already commands 50...

HARRISONS MALAYALAM LTD (commissions the new orthodox manufacturing facility at Wallardie tea factory at Vandiperiyar in Kerala).
May 31, 2010... Harrisons Malayalam Ltd has commissioned the new orthodox manufacturing facility at Wallardie tea factory at Vandiperiyar in Kerala. By this, it has built up capacity to convert more than half of its annual tea production into orthodox tea.

CAVIN KARE (expects to register 50% growth in its turnover to Rs1,350 crore for 2010-2011).
May 31, 2010... Cavin Kare is expecting to register 50 percent growth in its turnover to Rs1,350 crore for 2010-2011. It had registered a turnover of Rs900 crore for 2009-2010 from its non-food business. It has recently ventured into restaurant business.

JAY SHREE TEA & INDUSTRIES LTD (is acquiring tea companies in Africa).
May 31, 2010... Jay Shree Tea & Industries Ltd is acquiring tea companies in Africa. It will soon acquire Kijura Tea of Uganda through its investment arm, Birla Holdings of Dubai. It will be the second Indian company to acquire tea estates in Africa.

RASNA PRIVATE LTD (plans to enter the energy drinks market by Diwali 2010).
May 31, 2010... The soft drinks concentrate company Rasna Private Ltd plans to enter the energy drinks market by Diwali 2010. It will launch a variety of powdered drinks during the festive season. Glucon-D from Heinz has around 70 percent market share of the...