SpiceJet, the low-cost air carrier, on Thursday got its shareholders' approval to issue additional equity shares to promoter Kalanithi Maran, who in turn will infuse Rs 130 crore (Rs 1.3 billion) into the airline. Maran's equity holding would go up from 38 per cent to 43 per cent of the company's shares.
An eight to nine per cent depreciation of the rupee against the dollar in the last one month means companies have to pay more for components or products they import.
According to media buyers, the demand for integrations is on the rise, thanks to the ability it has to stand out in a cluttered environment, if done the right way.
According to data compiled by media research agency TAM, the rate of growth of advertising on television in terms of the number of hours was half during the January-June period this year in comparison with the corresponding period last year.
It was a year ago that Nielsen had suspended services to the analyst community following an uproar by companies over inaccurate reporting of market share data.
The channel is an equal joint venture between NDTV and Chennai-headquartered newspaper group The Hindu.
Devise new strategy to take on competition from multinational brands.
The interested companies include Emami and Dabur.
Small independent agencies in India are slowly but steadily making inroads into large advertiser accounts held by industry majors.
Japanese firm to retain Camlin, Camel brands.
Morel, who was in India recently, spoke to Viveat Susan Pinto and Priyanka Singh.
At the moment, it has only personal computer monitors in its portfolio.
The company says it is gaining fast because of its strategy extending brand CSK into the market by being associated with cricket's most valuable property, the Indian Premier League that consists of 10 teams.
Mahindra & Mahindra has decided to dismandle its recently acquired Boeing plant in Melbourne, Australia, which makes machinery for aircraft, and shift it to Bangalore.
"From time to time, we do India-specific innovations through products and benefits. Our studies showed that Indian women want a blemish-free skin," says Richa Singh, marketing manager, Garnier India.
Nestle India on Wednesday inaugurated a new manufacturing plant at Nanjangud in Mysore district, Karnataka. The plant, set up with an investment of Rs 360 crore (3.6 billion), will manufacture a range of culinary products.
P&G announced on Wednesday that it was reducing the prices of select stock keeping units of Whisper and Pampers by three and 15 per cent, respectively.
The two partners have said they'd produce 150,000 vehicles as part of the phase-I plan from their existing facilities in the state, till the new factory goes on stream.
Move comes at a time when the $50-billion Unilever is looking to double its turnover in 10 years.
Its tie-ups so far have been with international brands, either through licensing agreements or joint ventures, to get them into India.
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