Eases regulatory hurdles for Bharti-MTN deal.
Though private labels comprise 10 to 12 per cent of the overall FMCG volumes, analysts said they were recording double-digit growth annually and could pose problems for the big players in the near future.
Globally, companies like Coca Cola, P&G and Unilever have adopted the performance-based model. In India, the trend is gradually catching on. A Coca Cola India spokesperson said the company is in the process of moving from an input-cost based compensation system for its agency partners towards a value-based one. This model is about paying agencies for results, not activity. HUL refused to comment, citing policy constraints on speaking about remuneration.
New Delhi, 7 August A strike call and its withdrawal proved an embarrassment for a former senior aviation bureaucrat.
Airline losses have more to do with their business models than the price of aviation fuel.
MTNL will be one of the few big telecom companies in the world to allow competitors to offer their brand on its network.
Airline asks for Rs 7,000 cr; may get half subject to conditions.
Job portals like Monster.com and Naukri.com affirmed the observation.
The government's financial restructuring plan for loss-making Air India may include a staggered infusion of equity, entailing an initial infusion of around Rs 1,300 crore (Rs 13 billion), going up to around Rs 2,000 crore (Rs 20 billion), depending on the company's need.
The guidelines also point out that it is not advisable to form 50-50 JVs, since such a company is regarded as a private company and functions as such, even though the PSU is an equal shareholder. In many cases these entities are not accountable to Parliament or the state assembly.
A bitter battle between the finance ministry and the Department of Telecommunications over their jurisdiction might force the latter to withdraw its decision to waive licence fees for fixed-line service operators in rural areas.
The government's plan to restructure Air India, the loss-making state-owned airline, includes a proposal to rework the troubled productivity-linked incentive scheme, which accounts for over 45 per cent of the company's Rs 3,000 crore wage bill.
DIPP seeks automatic approval, has Plan panel and DEA's support.
Non-resident Indian businessman C Sivasankaran's Sterling Infotech group is in talks with the Seychelles government to lease an island for 99 years, on which it plans to build an integrated mega township and tourism project.
But the fear of less-than-normal rain hitting rural demand continues to haunt the industry.
Civil aviation minister Praful Patel, who held this portfolio in the first government of the United Progressive Alliance, too, has so far followed a liberal open-sky policy, sharply increasing the number of seats offered to West Asian airlines on flights connecting India. According to internal figures available with airlines, the total number of seats offered to West Asian carriers rose from 2.5 million in 2004 to 7.5 million last year.
Wockhardt Chairman Habil Khorakiwala can breathe easy, as bankers have approved the debt restructuring package he had sought three months ago.
Kellogg claims to have cornered 70 per cent market share of the breakfast cereals market in value terms.
The Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce has called a meeting on July 10 to discuss the foreign direct investment (FDI) policy in the cigarette industry.
Reliance Power Ltd, part of the Reliance Anil Dhirubhai Ambani group, is in talks with five leading global power companies to sell 15 per cent equity stake in the company. Preliminary talks have started with three Chinese power companies, which include China Light and Power Holdings, and French and Canadian companies.
