PepsiCo India is planning to launch beverages and snacks priced below Rs 5. This is part of a drive to address the mass market looking for nutritional products. The new range, being developed in India, is expected to be launched on a pilot basis in select markets by next year.
The old Bimaru area comprises 36 per cent of India's population, with 40 per cent of India's youth.
Retail players are planning to expand but with caution. It seems the slowdown of 2008-09 is still weighing on their minds.
Despite their slugfest on the high street, Korean chaebols Samsung and LG have independently charted a similar strategy that will see India operations carve out a larger slice of their global turnover
South Korean giant LG Electronics is working on using technology to revamp its product line by next year, based on three key parameters.
The labour shortage for the Games is about 20 per cent, according to Rakesh Mehta, chief secretary of the Delhi city government. He told Business Standard several projects are suffering due to this problem.
The product aims at capitalising on the interest generated in the health and wellness market and the run-up to the Commonwealth Games to be held here this October.
The concern is that the scheme may not take off, like its precursor in the previous five-year plan.
The region witnessed a bumper potato crop of 9.5 million tonnes -- 73 per cent higher than last year's production. Wholesale prices in Kolkata crashed to Rs 300 a quintal. Retail prices, too, dropped to Rs 6-8 a kg. Farmers were forced to sell their produce at Rs 3-3.50 a kg, almost half of last year's price.
With less than a year left for the scheduled introduction of the Goods and Services Tax (GST), most states have increased their VAT (value-added tax) rates. The move is seen as an attempt to extract better compensation from the Centre for loss on account of GST rollout
However, the cost for the coming round is yet to be decided; it will be below Rs 10 lakhs (Rs 1 million) for each unit offered, but how much below is not clear. Nor have the cities been decided.
The minister also announced that the low-cost housing (property up to Rs 20 lakh) segment would be exempted from service tax.
While Lintas and Percept have given their applications, Rediffusion is understood to have asked for more time.
Chinese milk and milk products were found to have high content of melamine.
While the other two companies in the group--Satyam Computer and Maytas Infrastructure--are back to business-as-usual with new promoters, Maytas Properties (MayProp) is yet to get its house in order. This is despite the passage of more than a year after the founder-promoter, B Ramalinga Raju, confessed to a big accounting fraud.
Announcement of an increase in prices will dampen the affordable housing business at a time when realtors already face razor-thin margins.
The model offers homes with sports facilities like race tracks.
In two years, Indira Paryavaran Bhawan, which comes under the ministry of environment and forests and being constructed over a 9,000-sq metre plot at Aliganj in Delhi, will be showcased as the government's drive to set up green buildings.
The government is in the process of finalising guidelines which have been drafted to deter the advertising industry from making unsubstantiated and misleading claims about their products.The guidelines are based on the recommendations of the committee set up by the Food Safety and Standards Authority of India to investigate claims made by Hindustan Unilever Ltd about 'Kissan Amaze'.
Television ad rates see steep rise, advertising pie expected to grow 10%.
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