Retaining the senior management of acquired companies has been the cornerstone of the company's strategy, be it in case of Daewoo's commercial vehicle business in South Korea, the tea company Tetley or the steel maker Corus.
The cell phone is no longer just a communications device -- it has evolved into a lifestyle statement.
Greaves Cotton, for instance, has converted half its holding into commercial real estate (a multiplex) while Elpro plans to follow suit by developing half its 37-acre land at Chinchwad.
Like the US, India too has a sub-prime market and it is booming. The success of early entrants like Citi Financial and GE Money has encouraged several others to enter the consumer lending business, nearly half of which is a sub-prime market.
Even if you assume a higher return fare of Rs 40,000, the yield will still be lower than the costs.
As competition hots up, airlines are doling out freebies to wean away customers.
Mukesh will invest Rs 25,000 crore in setting up an SEZ in Navi Mumbai
"Why should we panic? Today, the market is at a higher level. Even a 400 points fall is less than 3 per cent of the market," said Anoop S Kumar, a retail investor who works for a public sector bank. He's not alone who thinks so.
Automobiles major Mahindra & Mahindra is gearing up to launch a mild-hybrid technology version of its passenger vehicle Scorpio in the near future.
To not miss out on emerging opportunities, Cholayil also extended into deodorants this year.In talcum powder, however, certain sub-segments like the baby talcum powder market are still registering five per cent growth.
Seagram India's Assistant Vice President Bikram Basu agreed. He said, "The Indian consumer landscape is evolving very fast. Fashion and lifestyle changes are a key expression of one's self."
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