The company has started using a new composite material for manufacturing refrigerators which will subsequently be rolled out to other product lines. The company has also done away with its regular corrugated boxes for packaging to incorporate stretch-hood film packaging and shrink wrapping. Stretch-hood packaging boasts of benefits such as better load stability, flexible adaptation to load height, width and depth and weather protection (rain, dirt and dust-proof).
The decision to relocate the second edition of the Indian Premier League (IPL) Twenty20 tournament to South Africa has prompted several key advertisers such as Hyundai, Havell's and Reebok, among others, to consider cutting back budgets or pulling out.
High-end brands like Moschino and sports lifestyle brands such as Puma and Levi Strauss are devising strategies to reduce inventories and old stock pile-ups. While so far the thrust was on end-of-season sales, the low offtake due to the slowing economic environment has compelled most branded apparel makers to look at means to reduce stock to almost nil while maintaining margins.
The funds are needed to meet losses for the next two years, sources said. The channel, which was launched in April 2008, earns around Rs 2 crore (Rs 20 million) a month and incurs an operating monthly cost of Rs 7.25 crore (Rs 72.5 million). As a result, its monthly loss is about Rs 5 crore (Rs 50 million), translating into an annual loss of around Rs 60 crore (Rs 600 million), sources said.
The reasons for the growth of the luxury industry are not hard to find. It is still in a nascent stage in India and is growing at a scorching pace as the aspiration for better products is on the rise. The consumer market in India has shown a high growth trajectory and by 2025 is expected to become the world's fifth biggest consumer market as incomes and living standards are bound to grow, according to an Assocham study.
Nripendra Misra's three-year stint as chairman of the Telecom Regulatory Authority of India (Trai) will be remembered for a host of recommendations and a number of controversies. Controversial issues like the conditional access system, non-CAS pricing kept Misra, who retires as Trai chairman on March 22, 2009, in the news.
Indi Media had bought NewsX in January from INX News, reportedly for Rs 50 crore. INX was promoted by ex-Star India CEO Peter Mukerjea and his wife, Indrani Mukerjea, both of whom quit the company with the sale. Indi Media is said to be owned by a clutch of investors led by Vinay Chhajlani, CEO of Webdunia.com India, and promoter of the Hindi daily, Nai Duniya, and by Jehangir S Pocha, former editor of the weekly, Business World.
Colas, by industry estimates, now comprise only 38 per cent of the Rs 7,500 crore domestic market for sparkling drinks, while flavours (clear lime, cloudy lime, orange, apple) command 54 per cent. Until three years ago, cola products had a 46 per cent share of the total soft drinks market, while non-colas had 47 per cent. But the 'per head' consumption is still low, at a yearly nine servings of 200 ml.
With this deal, Jaipuria's RJ Corp will own over 10 bottling plants, controlling 25 per cent of PepsiCo's bottling capacity in the country (earlier he was PepsiCo's largest bottler together with his family). Confirming the development, Jaipuria said the deal would be complete in a day or two. "The West Bengal operations will contribute 10 to 15 per cent to our turnover," he said.
This is nearly 3 per cent of the total number of cable and satellite TV viewers--an extremely good number, considering past coverage data -- say media planners.
Fox Star Studio India, the distributor of Slumdog Millionaire in the country, has managed to gross around Rs 40 crore (Rs 400 million) from the markets, surpassing collections of some of the biggest Bollywood hits of last year such as Rock On.
Consumer goods manufacturers, expecting to see a revival of demand from the nearly Rs 16,500 crore Pay Commission arrears for government employees, are likely to be disappointed.
Players such as Food Bazaar, Reliance, More and Vishal have already launched their private labels in this category. Names such as Tasty Treat, Disney, Ching's, Smith & Jones from the Future Group stables and Reliance Select from Reliance Retail among others are challenging the market dominance of Maggi in terms of in-store purchases in these retail formats.
Cheerleaders will applaud each six or boundary in their unique way. Bands will play in between overs.Only the venue is different. Instead of the cricket stadium, Indian Premier League enthusiasts can get all this for the price of an admission ticket to a movie hall. Multiplex chains like PVR, Inox Leisure, Cinemax, and Big Cinemas, among others, are negotiating the theatre rights to host at least one IPL match a day during the 45-day tournament starting April 10.
Korean conglomerate LG Electronics plans to set up learning and design centres across India. The centre will help employees hone their skills across departments such as industrial design, marketing, lifestyle research, economic and market research among others. The company plans to bring on board specialists in these sectors as faculty for the same.
And despite a slowdown, media planners say advertisers are pouring in over Rs 600 crore (nearly half the ad budget for cricket in 2009). This represents a more than 10 per cent increase over last year's spends on television, co-branding of teams and marketing, among others.
The principal promoters of Balaji Telefilms, actor Jeetendra, his wife Shobha, daughter Ekta and son Tushar, have decided not to buy Star India's 26 per cent stake in the television software company because of the sharp erosion in its share price.
As a result of the TDSAT order, over 65 pay channels like Star One, Colors and Star Cricket would be able to raise prices, which were capped by Trai. The TDSAT rejected Trai's tariff order of October 2007 that had capped prices in different categories of cities based on population.
Despite having other mandatory clearances, applications of many international magazines have been returned by the I&B ministry, say senior officials. Magazines in genres like medicine, science and technology, and legal publications are the worst affected as their titles are more often found to be already registered with the government. Since 2006, at least 25 applications from international publishers have been turned down on the ground 'title not available.'
Having faced sourcing issues for potato in 2008, food and beverage major PepsiCo is planning to ensure supply by introducing farming equipment and technology and new potato seed varieties to decrease chances of crop loss. It also aims to increase the acreage under contract farming by entering new states across the country.
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