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BSE SENSEX : 19,078 NSE NIFTY : 5,729 GOLD (10 gram) : Rs.21,890 PERSONALITIES OF THE WEEK
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FMCG cos not to cut product prices despite fall in raw material costs
ECONOMIC INDICATORS 2 COVER STORY 3 PERSONALITIES OF THE WEEK 4 BUSINESS NEWS 5-8 INTL NEWS 9 MISCELLANEOUS NEWS 10 GENERAL AWARENESS 11 SPECIALISATION NEWS 12-14
ECONOMIC INDICATORS
Current Market Rates as on 6th July11 Crude Oil Price (USD/bbl.) Gold (10 Gram) in Rs. Values 114.33 21,890 Stock Market Indices as on 6thJuly11 BSE SENSEX NSE (NIFTY) Values 19,078 5,729
Global warming is caused by the emission of greenhouse gases . 72% of the totally emitted greenhouse gases is carbon dioxide (CO2), 18% Methane and 9% Nitrous oxide (NOx). Carbon dioxide emissions therefore are the most important cause of global warming. CO2 is inevitably created by burning fuels like e.g. oil, natural gas, diesel, organic-diesel, petrol, organicpetrol, ethanol.
PERSONALITIES OF THE WEEK Christine Lagarde: First lady at the helm of IMF
Born in Paris on Jan 1, 1956. Her father, an English professor, died when Lagarde was in her teens. She and her siblings were raised by her mother and grandmother. She is a vegetarian, teetotaler and a fitness freak. The Financial Times named her last year the best economy minister in the eurozone and Forbes ranked her the 17th-most important woman in the world. Career: Lagarde at 25 joined US law firm Baker & McKenzie in Paris after completing a Masters in English and labor law. She handled major antitrust and labor cases and later rose to become the firm's first female chairman in October 1999, earning a reputation as a sharp negotiator with endless stamina. She was Frances Trade Minister for 2 years before joining the ministry of Economic Affairs in 2007.On 28 June 2011, the International Monetary Fund board elected Lagarde as its next managing director and chairman following Strauss Kahns resignation on sexual abuse charges. Competence Sparkled: She was credited with an important role in securing a 750bn EU rescue fund at the height of a debt market crisis in 2009 and has also been instrumental in moves at EU level toward tighter control of hedge funds, despite British opposition. She has also spearheaded many of the initiatives during France's presidency of the G20. Euro Crisis: During the Eurozone's debt crisis, Lagarde has emerged as the most outspoken opponent of debt restructuring, which she warns would impose high costs on all members in terms of higher financing costs. Viewpoint: A diehard swimmer in her teens she gave up the sport with characteristic wit- Legs up in the pool is not the expected behavior of the minister of the economy. Media: Lagarde was portrayed by actress Laila Robins in the movie Too Big to Fail based on 2008 financial crisis. In the movie, Laila snipes at Treasury Secretary Hank Paulson, played by William Hurt, for letting Lehman Brothers fail and urge him to save insurance giant AIG.
BUSINESS NEWS
1. India slips to world's fourth largest steel maker spot in 2010 ET 30 June India slipped one step to become the fourth largest steel producer in the world in 2010 with 68.3 million tonnes (MT) production, according to World Steel Association (WSA). India had produced 63.5 MT steel in 2009. Marching past India and Russia, the US became the third largest producer of the alloy with 80.5 MT output in 2010. It was the fifth largest steel maker in 2009. China remained on top & Japan was the second highest producer in 2010.There were no Indian firms among the top- five producers of the alloy in the bygone year. The main producers were ArcelorMittal, Baosteel, Posco, Nippon Steel and JFE and their cumulative contribution was 236.7 MT to the world's total production. 2. Indian Railways to roll out new e-ticketing service ET 5 July Indian Railways is all set to roll out its own e-ticketing service, which will have no room for travel agents and will be reserved for individual users. "Unlike the e-ticketing service of IRCTC, the new service by Indian Railway will have no role of travel agents and commercial organisations. Only individual users will be allowed to book on the portal," said a Railway official. Travel agents in the IRCTC service have been accused of blocking tickets to sell them at a premium. Public resentment has also led the railways to bar travel agents from booking tatkal tickets during peak hours on the IRCTC portal. Under the new railway e-ticketing service, individual customers would need to register themselves for the first time for availing the services. 3. Cabinet reshuffle ruffles Reliance - ET 5 July For a company that is used to getting the rub of the green, for the past six months, Reliance Industries has suffered the repeated ignominy of being left kicking the dirt. Since January, when a cabinet reshuffle saw Jaipal Reddy replace Murli Deora in the ministry of petroleum and natural gas, several arms of the government have been scathing of RILs production and cost numbers of its trophy gas project, dismissive of its reported oil finds and silent on a tie-up approval it needs more than anything else today. In 2011, the RIL stock has fallen 18.3%, hitting a two-year low on June 16. This is more than double the fall in the BSE Sensex, which is down 8.8% for the year. 4. IT Biggies to Post Top-Dollar Sales- TOI 6 July The top four listed IT companies are expected to report sequential growth of 4-6% in dollardenominated revenues during the quarter ended June 30, 2011, better than the lukewarm growth of 2-4% in the previous quarter, as demand stays strong in the key markets of Europe and North America. TCS, Indias largest software company, and Shiv Nadar-controlled HCL Technologies, the fifth largest, are likely to be the biggest beneficiaries of the IT outsourcing demand. Infosys, which will kick off the first-quarter results season when it declares its numbers on July 12, is expected to beat the upper end of its guidance. The company has guided for sequential revenue growth between 2.6% and 3.6% in dollar terms. They predict a 4-5% revenue growth in the June quarter. 5. State excise dept wants city bars to run till 3am - TOI 7 July If a controversial proposal submitted by the excise department is accepted, well over 3,000 bars and permit rooms in the entire Mumbai-Thane belt will be allowed to remain open beyond midnight. Presently, while permit rooms and bars are allowed to serve liquor up to 12.30am, coffee shops attached to star hotels have no such restrictions. The excise departments demand for extending bar closing hours to 3am is pragmatic. While conceding that the proposal would definitely be opposed by the home department as well as all sections of society, a senior official of the department said that one could not ignore the fact that Mumbai was an international city and there was nothing illegal or wrong in allowing bars and permit rooms to operate beyond midnight.
6. Declining participation of women in the workforce - ET 29 June Chief Statistician T C A Anant has attributed the marginal fall in employment rate in the country to declining participation of women and children in the labor force. Commenting on the key indicators of the recently released 66th round data on 'Employment and Unemployment' by the National Sample Survey Organisation , Anant said calculating the rate of employment and unemployment figures in India is a problematic job as various factors are included into it. The key indicator from the survey, details of which are to be released later, had also shown that workers population ratio in the country has declined to 39.2 per cent in 2009-10 from 42 per cent in 2004-05. 7. After Management Tiff, Godrej Kisses Hersheys Goodbye ET 6 July US-based chocolate and confectionery major Hersheys and the Godrej Group have called off their joint venture in India following management differences in running the entity. At a recent board meeting, both sides mutually agreed to call off the partnership following which Hersheys will sell its 51% stake to Godrej Consumer Products Ltd (GCPL) for an undisclosed amount. Investment banking officials said the Godrej Group was impatient with the slow progress of the . 450-crore Godrej Hersheys at a time other consumer goods marketers have been recording good growth in the chocolates category. Four years into the venture, the US company did not progress beyond introducing its popular chocolate syrup, which was launched in 2008. 8. Quality of Data Fails Policymaking: RBI ET 6 July Policymaking at the Reserve Bank is often failed by bewildering quality of data that does not reflect real economic activity, raising doubts on its growth and inflation forecasts, Governor D Subbarao said amid debate whether the last few years of growth created jobs, or destroyed them. A field study of demand by Goldman Sachs validates the governors doubts about various numbers such as the Wholesale Price Index and Index of Industrial Production, as 10 rate hikes in the past 15 months are still not dampening demand while official data points to a slowdown. At the Reserve Bank, we are handicapped by the reliability of some of the basic data that we need to use in policy calculations, Subbarao said at the 5th Annual Statistics Day Conference. Economic forecasts of every institution, from the Central Statistical Organisation to the Planning Commission and the central bank, have been questioned in the last two years as many of them turned out to be inaccurate, forcing revisions. 9. Except tickets, Indians aren't shopping online ET 6 July Looks like Indian consumers aren't comfortable buying personal things like clothes, shoes or jewellery online. According to a report by the Internet and Mobile Association of India (IAMAI), barring a few services such as online ticketing and hotel bookings, consumers aren't buying online. A large number of surfers use the internet to simply look for information about the product or service they want. E-tailing, which includes the purchase of durable products such as electronic items, home and kitchen appliances, as well as personal items like apparel and jewellery, constitutes only 8% of the market.
10. Cairn-Vedanta deal gets government nod; ONGC to have the last laugh ET 01 July
All is well that ends well. The long-awaited approval of the Cairn Vedanta deal that comes after ten months is expected to leave its imprint on the oil and gas sector in more than one way. For one, the deal signifies the entry of the metal and mining group Vedanta Resources into the oil and gas sector even as it finally puts to rest the debate over whether investors in the sector can exit by selling out. Most importantly, the government's decision to grant approval to the deal only if the obligations on royalty payments are reworked is set to open up a whole new debate on sanctity of contracts and policies. According to R S Sharma, former chairman of ONGC, who had led the opposition to the royalty provision, a conditional approval by the government would not do down well with investors.
11. AC makers feel the heat as sales dip this summer ET 30 June
Sales of air-conditioners and refrigerators have either fallen or stayed flat this season due to a weak summer, higher prices as well as rising food and fuel costs that's making consumers more cautious with their money. Air-conditioner sales in North and Central India peak during the summer months when companies achieve as much as 40% of their annual sales in those regions. This year has been different mainly because of higher ticket prices, rising lending rates and overall inflation trend. Among those affected is market leader LG. Most companies increased home appliances prices 7-10% early this year to offset rise in raw material prices. While refrigerators became costlier by Rs 500-1,500, air-conditioners' prices rose by Rs 2,000-3,000. As a result, consumers started to postpone purchases hoping for price cuts in the future. 12. Coca-Cola factory in trouble over pigeon deaths; Animal rights activists up in arms - ET 01 July The Coca-Cola factory at Goblej near Ahmedabad has a pigeon problem, there have been allegations of 200 pigeon deaths on the company's property and a postmortem on two of the unfortunate birds. Coca-Cola says only two birds were found dead at its plant. There has also been a police investigation, arrests and ruffled feathers among animal rights activists. According to Harmesh Bhatt of the Ahmedabad-based ASHA Foundation, an organisation that treats stray animals, the world's biggest soft drink maker used rough and ready methods to trap and kill about 200 pigeons on its property. The implements used in the operation were nets to trap the birds, and sticks, stones and bare hands to kill them. The 'flying rats' make the place messy with their droppings, which are corrosive and can cause diseases. Coca-Cola also promised to investigate the incident. 13. Kaun Banega Crorepati: Barmer Just isnt Interested! - ET 2 July 1,500 farmers in and around Kapurdi and Sondri villages of Barmer whose bank balances swelled to eight digits and SUVs appeared outside their houses after oil major Cairn India and two other companies bought 54,000 bighas of their land. A Cairn-Vedanta deal, will expedite the setting up of an oil refinery in the vicinity. The Rajasthan government has identified 7,200 bighas for the project and expressed a willingness to pick up 26% in it. Stretched across the Thar Desert, Barmer was dismissed as the dust bowl of Rajasthan. In January 2004, Cairn, the Indian arm of the Scottish oil exploration company, struck oil in and changed its fate. The company forecasts that, they will account for about 20% of Indias crude oil. 14. 'India developing indigenous 90-seater aircraft' The Hindubusinessline 01 July India hopes to test fly its first indigenously developed 90-seater regional transport aircraft in the next five years, a top official has said. The 90-seater RTA will be developed as a team India initiative led by CSIRNational Aerospace Laboratory (NAL), which could also see some global participation, CSIR Director General Samir Brahmachari said here today. A committee headed by former ISRO chairman G Madhavan Nair submitted a feasibility study to Council of Scientific and Industrial Research (CSIR) recently in this regard. The Committee, which had top bureaucrats and aerospace scientists as members, has suggested a twopronged approach Design Development and Production Unit to realise the objective. The panel has set a target of sixeight years for completion of the development and production stage of the project.
Facebook took down the pages of Cadbury Bournville and FCUK India, only to restore them - with the fan base and wall intact - back two days later. It was not a sweet surprise for the chocolate maker that is still wondering what they did to earn the suspension. Companies should play by these rules. Dos: The individual creating the page must be the official representative of an organisation, business, celebrity or brand or a brand, business or organisation can give a certain agency the authorisation and permission on their behalf to set up, manage and promote the page. Don'ts: Use the 'Like' button, as a voting mechanism. Neither can you use them for registration or entry. You need to get a clarity on this clause, as this is where most companies default.
16. Mahindra Aerospace to take wings soon The Hindubusinessline 3 July Mahindra Aerospace Pvt Ltd, which is to start work on the $60-million aerostructure production business, plans to step up investments, according to Mr Arvind Mehra, Executive Director and CEO. There are plans to go beyond what we thought of initially, he told newspersons in Chennai recently. Work on the aero-structure aircraft frame components production facility is to start in a matter of days and the plant will be up in a little over a year.The Mahindra & Mahindra group company will subsequently get into production of aero assemblies and composites-based aero-structure after starting with metal components. 17. Home-grown 'jugaad' set for patent cover TNN 4 July India's spirit of jugaad is finally going to get legal backing. Innovators who have for long been dismissed as copycats or blamed for piracy would soon get intellectual property rights, at par with patents, with the industry dept going to move a bill. The move to grant 'petty patents' or 'innovation patents', also called utility models, follows a near strong support to a proposal floated by the department of industrial policy and promotion, at least from domestic players. The idea was to give intellectual property rights to the small scale industry's innovations that lead to inventions which do not strictly conform with patent laws. Under the Patents Act, protection is granted if there is novelty, inventive step and industrial application. It is denied in case there is a mere discovery of new forms of known substances, rearrangement or duplication of devices and inventions due to traditional knowledge. 18. At 7.61%, food inflation falls to 7-week low The Hindubusinessline 6 July Food inflation eased to a seven-week low during the week ended June 25, aided by the base effect and a continuing slide in items such as vegetables and pulses. Fuel inflation too edged down, even though the effect of the hike in prices of diesel, kerosene and LPG on June 24 is not reflected in the data. According to data released by the Government on Thursday, the food inflation estimate, based on the annual Wholesale Price Index, rose 7.61 per cent during the latest reported week. During the corresponding period last year, food inflation was close to 20 per cent. The cascading effect of last month's increase in diesel, kerosene and cooking gas prices are expected to nudge up food prices in the coming weeks, analysts said. 19. India Inc raises less capital; shifts to foreign borrowings - The Hindubusinessline 4 July After raising record sums of money through the debt and equity routes in the domestic market last year, India Inc found capital flows drying up in the first six months of 2011.Data compiled by the news agency Bloomberg show that sums raised through Qualified Institutional Placements (QIPs) fell almost three-quarters in the first six months of 2011, compared to last year. Amounts collected by Initial Public Offers (IPOs) were down 66 per cent and those from rights offers by a third in the first six months. India Inc also reduced the amounts raised through syndicated loans. The only route that companies tapped quite aggressively this year was the international bond markets, where the amount garnered more than trebled. The low interest rates on global borrowings, even as interest rates back home were inching up, seem to have driven this shift. 20. FDI in multi-brand retail to boost food processing industry PTI 6 July The government should allow FDI in multi-brand retail sector as it will help the food processing industry in adopting new technologies and improving productivity, Assocham said today. The Rs 5.45 lakh crore food processing industry is estimated to touch the level of Rs 8.73 Lakh crore by 2014-15, the chamber said. Despite high growth, the industry is still dominated by small scale and unorganized sector mainly involved in producing low value added products, it said. Only 7% of total agriculture produce is processed in India compared to 53% in the US and 42% in New Zealand, it said. The food processing industry contributes nine% to the GDP, accounts for 14% of total industrial output.
GLOBAL NEWS 21. Greece adopts austerity bill, street battles turn ugly ET 30 June
Greek lawmakers backed a stinging new austerity plan demanded by international creditors, sparking frenzied battles between masked rioters and police firing tear gas late into the night. An estimated 500 to 600 hardcore youths hurled missiles, according to police, who responded with volleys of tear gas that blanketed Syntagma Square in front of the parliament and reached high floors in surrounding buildings. Security forces drove protesters further away from the parliament, but a blaze broke out at the finance ministry on the far side of the square amid early evening running battles. 22. Zuckerberg richer than Google bosses PTI 30 June Facebook founder Mark Zuckerberg's personal fortunes have soared, thanks to investment fund GSV Capital's recent stake in the social networking site, which has put the Harvard dropout at a worth higher than Google founder Sergey Brin and Larry Page. Earlier this week, GSV Capital Corp bought 225,000 shares in Facebook at an average price of $29.28 each. This stake values the popular social networking site at about $70 billion. Based on the new investment, Zuckerberg in turn is worth approximately $18 billion, a report in Time magazine said. This estimate makes Zuckerberg the third richest man in the technology sector in the world, only behind Microsoft's Bill Gates and Oracle's Larry Ellison.
23. Facebook becomes biggest seller of online advertising with more than $2 bn in revenues ET 01 July
Facebook has become the biggest single seller of online display advertising in the United States with more than $2 billion in revenues this year, according to research firm eMarketer. Online ad sales have boomed in recent years largely because they finely target consumers in a way that print media and TV cannot match. Google and Amazon initially pioneered the trend by analysing web surfing and internet searches to target customers tastes. Now Facebook has brought a new level of sophistication to the game: mining data from its social network about users' likes and dislikes as well as those of friends to better target ads. The 'social ad' approach can be seen in a current Facebook campaign run by tennis racket maker Head. Users who link to Andy Murray's page get updates from the player himself mixed in with ads for his sponsor and jokey Youtube videos. 24. Thai Elections: Analysts Weigh In WSJ 4 July The Puea Thai Party won a solid majority in Sundays election in Thailand, and with Prime Minister Abhisit Vejjajiva conceding defeat; markets are hoping the result will bring some much-needed stability to the country. In the run-up to the election, investors dumped Thai shares, but according to some early indicators, sentiment is positive. The benchmark SET index is up more than 3% at Mondays open, the baht is surging and spreads on Thai credit default swaps are tighter. 25. Christine Lagarde: IMF must focus on credibility - BBC 6 July Christine Lagarde, the new head of the International Monetary Fund (IMF), says she wants the fund to be more connected, credible and comprehensive. She was speaking at her first press conference since taking over the IMF. Later she told the BBC a solution for eurozone debt had "to be comprehensive, cohesive and not ad-hoc, as sometimes has been the case in the past". She also said she was confident about Portugal because there was cross-party support for its austerity measures. And she defended her appointment as the latest in a long line of French IMF heads, saying, "I don't feel specifically French or European, I feel very much a member of the whole community." Ms Lagarde said she wanted to improve diversity at the IMF. She pledged to push ahead with reforms to give emerging markets greater sway at the international lender.
MISCELLANEOUS NEWS
26. High life in Tihar: Tea with officer, roaming & chatting up pals freely TNN 2 July On a surprise visit to the jail on Thursday, inspecting trial court judge Brijesh Kumar Garg was aghast to see that high profile undertrial prisoners (UTP) were being given undue liberty by the jail authorities. Sacked Games organizing committee chief Suresh Kalmadi was having tea and snacks with the jail superintendent in his chamber. Asked why, he was told that the sacked CWG organizer was awaiting a van to take him to hospital. The jail superintendent, however, failed to explain the tea and snacks. The superintendent has been asked to submit the entire record of medical treatment given to Kalmadi, along with details of his visits to hospitals. The judge found that the cells of 2G spectrum accused were unlocked and all the high profile UTPs were able to roam around and interact with each other. 27. Govt attacked, no takers for Team Anna line IE 4 July The government came under attack from several parties on Sunday for bypassing the established procedures of law-making and involving civil society in preparing the draft of the Lokpal Bill. However, Team Annas version of the Lokpal Bill found no supporters at the all-party meeting, which adopted a one-line resolution that said the government should bring before the next session of Parliament a strong and effective Lokpal Bill following the established procedures. There were also few takers for Anna Hazares deadline for passing the legislation in the next session, as even the BJP favoured its passage in the winter session of Parliament after introducing it in the monsoon session. 28. 4 new slums bigger than Dharavi TOI 6 July Dharavi, spread over 557 acres and home to nearly three lakh people, is no longer Asias largest slum. There at least four larger contenders for the dubious distinction in Mumbai itself, some of them three times the size of Dharavi. Strikingly, though, the island city is now largely free of slums except for a few fringe pockets. The Kurla-Ghatkopar belt, the Mankhurd-Govandi belt, the Yogi and Yeoor hill slopes stretching from Bhandup to Mulund flanking the Sanjay Gandhi National Park (SGNP) on the east and Dindoshi on the western flank of the National Park have all eclipsed Dharavi. According to the 2001 census, Mumbai had a total population of 11.9 million, of which 64.5 lakh or 54.5% lived in slums. There were only 23.3 Lakh slum dwellers in 1991, which was 24.5% of Mumbais total population of 99.6 Lakh. Today 78% of the city resides in slums which clearly indicates that there is something wrong. 29. IIT-Delhi rolls out 'etiquette lessons' for SC/ST students TOI 30 June Scheduled Caste and Scheduled Tribe candidates of IIT Delhis will take etiquette lessons required to live on the tech school campus. Delhi is the only IIT to have felt the pressing need to put all the selected SC/ST candidates through classes on manners. But not everyone thinks of the "correctional programme" as a means to achieve equilibrium among campus residents. An IIT-Delhi faculty member feels, to carve out a group on the basis of their origins and put them through a training programme - I would term it nothing short of apartheid." 30. Kerala: India's poor little rich state - ET 4 July When economist Geoffrey Sachs visited Kerala, he pointed to the state's crumbling infrastructure and its stretched finances as likely pressure points as the state built on its enviable foundation of developed country-level quality-of-life indices. Sachs, of course, wasn't privy to all the wealth that had accumulated over centuries in the secret vaults of the Sree Padmanabha Swamy temple. The treasure trove in a temple's vaults versus an economy that struggles to find funds for the Kochi metro project, for instance, is reflective of the overall Kerala picture. That money has mostly been untouched for industry or infrastructure, allegedly because the state does not have enough bankable projects. All the wealth of the Padmanabha Swamy temple is also out of bounds for the economy.
MARKETING NEWS
1. FMCG cos not to cut product prices despite fall in raw material costs - The Hindubusinessline 30 June FMCG firms are set to gain from the decline in palm oil and other commodity Price Cut?? prices, but most of them ruled out cutting the prices of their products. According to a report by IIFL Institutional Equities, personal care companies including Emami, Godrej Consumer and Marico are likely to benefit the most, while HUL, despite gaining temporarily, is unlikely to sustain it due to competitive intensity. As per data from the Solvent Extractors Association of India, import prices of palmolein a key ingredient in many FMCG products have gone down to Rs 54,400 per tonne as on June 24 from Rs 57,500 per tonne on May 11, 2011. The companies, however, said there is no scope of passing on the benefit to customers as they have to offset the hits taken when the commodity prices were high. 2. Tanishq spreads the glitter BS 01 July Titans jewellery brand is scaling up fast to maintain its leadership in the organised segment. Baby care room, childrens play area, mens lounge Tata Groups jewellery brand Tanishq seems to be pulling out all the stops to spread the glitter. The 1,200 sq ft boutique, launched in Pune in June, also provides skilled jewellery consultants to help customers choose what is best for them. The Pune store is the companys third large-format store after Chennai and Mumbai, and is a part of its efforts to provide a one-stop destination for all price points. Tanishq plans to open 15-20 new stores, including five large ones, taking the total count to 140 across 76 cities by this financial year. That will make Tanishq the largest organised sector player in the over Rs 80,000 crore jewellery market. Tanishq now faces competitors with very deep pockets. It is not Reliance Retail alone, which has opened jewellery stores across major malls. Several local ones have also come up fast with super-large stores that deliver better returns. So the need is to scale up quickly.
6. Olympus eyeing 10% of digital camera market The Hindubusinessline 3 July Olympus, the newest entrant in the highly competitive digital imaging space, is targeting to gain a 10 per cent market share in the first year of its operations in India by selling 3 lakh units of digital cameras. We are targeting to sell 300,000 units across various categories by March 2012, the companys Managing Director (India) Mr Toshio Murai told PTI here. The Indian digital camera market stood at 2.4 million units in FY11, which is expected to grow to 3 million by FY12, he said, announcing the companys intentions of grabbing a 10 per cent share of the total pie in its very first year of operations in India. Entrenched players in the space include a slew of fellow Japan-headquartered firms such as Sony, Canon, Nikon, Kodak and Fujifilm. 7. New connection - BS 4 July After focusing relentlessly on the enterprise customer, Research in Motion is going all guns blazing for the individual consumer. Frenny Bawa, managing director (India), RIM, knows that there are few phones yet that can improvise on BlackBerrys corporate email feature and security functions. But shes not blind to the growing threat of Google Incs Android operating system, Apple hardware and affordable handsets from homegrown players in the Indian market. There is fierce competition in the industry and we recognise that, Bawa notes. So, instead of cutting prices and joining the race we chose to focus better on our services, customer data plans, service centres, retail presence and developing the apps ecosystem. RIM, which started as a pager company, is banking on the enterprise customer to be its pivot in the smartphone market. Bawa and her 60-member team in India are hoping that satisfied enterprise customers will translate into greater individual patronage for the company. The telecommunications and wireless device companys BlackBerry has a share of 16.5 per cent in the world smartphone market. But globally it has been hamstrung by delays in product launches and has warned that its profit for the full fiscal year would be well below Wall Street expectations. 8. Kellogg's: No kid stuff - BS 4 July Kelloggs All-Bran is the number two brand in The Kellogg Company stable worldwide. In India, that is not the case, where sister brands Kelloggs Chocos and Kelloggs Cornflakes have stolen the limelight. The company wants to give a bigger push to All-Bran, the quietest brand in the portfolio. The brand is targeting middle-aged women (35-40 years), who are caught up in the hurly-burly of daily life and end up ignoring their health. The ad campaign will encourage Indian women to take charge of their health by increasing their daily fibre intake in the form of a bowl of Kelloggs All-Bran. Why the sudden thrust on All-Bran? Vikram Bahl, director, marketing, Kellogg India, says, Health and wellness is a growing trend in India and we decided the time was right for All-Bran to capitalise on this. Experts say the decision to promote Kelloggs All-Bran is well timed. 9. Reliance Retail poaches Walmart executives for value format - The Hindubusinessline 4 July Reliance Retail is making a top management rejig in its value format and will soon announce appointment of two ex-Walmart executives Mr Rob Cissell and Mr Shawn Gray to lead the operations. While Mr Rob Cissell will join the company as the Chief Executive Officer, Mr Shawn Gray will be the Chief Operations Officer of its value format that includes food and grocery stores. Mr Rob Cissell was formerly the Senior Vice-President and Chief Operating Officer of Walmart China. He was responsible for store operations, merchandising, marketing and supply chain for all retail and Sams Club formats in China. Mr Gray, until recently, was the Vice-President of Walmart China where he was responsible for store operations, new formats and lead integration of new business. 10. Mirc to give brand Onida a push in new regions - The Hindubusinessline 4 July Mirc Electronics, which owns the Onida and Igo brands, has decided to focus on strengthening its existing portfolio and entering newer geographies rather than launch newer ones as it plans to grow its revenues to about Rs 4,500 crore by 2013.Mr K. Sriram, Vice-President, Corporate Strategy, Mirc Electronics, said the plan is to focus on its existing product portfolio comprising flat panel TVs, airconditioners and mobile phones in the next two years, rather than launch new brands or new product categories. Geographically, there are a lot of white spaces for both our brands (Onida and Igo). Also, the penetration levels of the product categories being very low, we are competing not with our rivals but against non-consumption and so would like to plug these gaps in the coming years, Mr Sriram said.
11. Amway looking to invest Rs 450 Cr for expansion in 2-3 years - The Hindubusinessline July 4 Amway India, direct selling FMCG company is looking at an investment of Rs 450 crore in the next 2-3 years in India, as part of the companys expansion plan. The strategy involves setting up a second manufacturing plant, adding more touch points as well as brand experience centres. Mr. William S. Pinckney, Managing Director and CEO, Amway India told a visiting group of journalists from Kochi that there is a core team in place which is evaluating various options. They will come up with a proposal and make recommendation shortly on the location of the second manufacturing plant. He pointed out that the company has already registered a 17.5 per cent growth during the first five months of the calendar year touching a sales turnover of Rs 838crore.The company recorded a sales turnover of Rs1,790 crore during January-December 2010. 12. Amul among top 100 Asian brands - BS July 5 Amul, the milk and milk products brand, owned and marketed by Gujarat Cooperative Milk Marketing Federation (GCMMF), has beaten all other Indian brands to notch the 89th position in a Top 1000 Brands of Asia survey conducted by Campaign magazine. It is the third year in a row where Amul has featured in the top 100 of the 1,000 Asian brands covered under the survey. However, Amuls overall rank has slipped from 73 last year. It had improved its rank in 2010 over 2009 when it had ranked No. 83 in the survey. Nonetheless, it has retained its number one rank among all Indian brands in the list. Other Indian brands in the list include Kingfisher (number 116), Big Bazaar (184), ICICI Bank (215), State Bank of India (216) and Airtel (221). 13. Being on Facebook alone doesn't guarantee more market share; it could even evict you - ET 6 July A couple of weeks ago, Cadbury Bournville and FCUK India got a rude reminder that brand spaces on Facebook are not owned but rented. And that the landlord always calls the shots. These brands were temporarily evicted for "violating codes governing hosting of pages". They were back online early last week. It was a wakeup call for marketers in India, who've been basking in the euphoria of amassing 'likes' on Facebook. In ads, posters and on packaging, facebook.com/brand name has replaced official websites. All of this has made it easy to ignore the Cassandras cautioning against over-reliance on a single platform. There are marketers who vividly remember Orkut's abrupt transformation from India's favourite social network to something of an online ghost town, are all too aware of how quickly things change. 14. Saregama, Timbre tie up to bring back Worldspace - The Hindubusinessline 6 July Worldspace radio, which went off-air in India in December 2009, will be back in a new avatar. Music label Saregama India Ltd and Timbre Media Pvt Ltd announced a tie-up on Tuesday to create customized radio channels to be delivered via mobile, the Web and direct-to-home platforms. Content on the channels, branded Worldspace and Saregama Worldspace, will be available across formats ranging from 24-hour thematic stations to shortened capsules for digital media. To begin with, the new channels will leverage Saregama's content and distribution strengths, with programming handled by Timbre's team. The company is talking to major cellular service providers. Speaking to Business Line, he said, The revenue model would be led by subscriptions to start with. The idea is to populate the product across platforms, and the mobile space presents a large and ready opportunity. 15. Google switches on to prime time TV - BS 6 July The move is a part of the online giants efforts to improve Chromes market share in India. Competitor Yahoo did it last year with its famous YOU campaign on television, to showcase its revamped features and email service. Last month, Google joined the game on prime time TV with its The Web is What You Make of it campaign. Googles reason is simple: your product may have the best of features, but if you have to succeed in India, you have to showcase the emotional and personal connections that people have with the web today. Brand experts say Googles strategy to emphasize on what users can do with Chrome, might just work since average users would not care much about the technical benefits of Chrome like rendering speed or apps and extensions. Google ads tell a clever story, as they have clearly understood that there is not much value in touting how things work or how sophisticated the technology is. What matters is that it's personal, it's easy, its shareable, and that it works, says Rajiv Dingra, of WatConsult.