ET NewsET News

Presented by:-Presented by:-

Baljit Singh MahiBaljit Singh Mahi

MBA- 2(C) MBA- 2(C)

Amway planning second facility Amway planning second facility in Indiain India

Amway India, a direct selling Fast Moving Consumer Amway India, a direct selling Fast Moving Consumer Goods (FMCG) company, planned to set up their Goods (FMCG) company, planned to set up their second manufacturing facility in the country in South second manufacturing facility in the country in South India.India.The company, a 100 per cent subsidiary of US-based The company, a 100 per cent subsidiary of US-based Amway Corporation, had been witnessing a 25 per Amway Corporation, had been witnessing a 25 per cent year-on-year growth in its revenues.cent year-on-year growth in its revenues.Company officials later said the second facility would Company officials later said the second facility would cater to the growing south and western markets while cater to the growing south and western markets while the present facility (at Baddi) would focus on northern the present facility (at Baddi) would focus on northern and eastern markets. and eastern markets.

Noting that the company in March 2010 had made an Noting that the company in March 2010 had made an additonal investment of Rs 55 crore in the facility here additonal investment of Rs 55 crore in the facility here taking the total investment since 2005 to 105 crore, taking the total investment since 2005 to 105 crore, Singh said it had been able to tripe its production at the Singh said it had been able to tripe its production at the plant, with the commissioning of four more production plant, with the commissioning of four more production lines. lines.

Amway India currently offers over 115 products in five Amway India currently offers over 115 products in five categories including nutrion and wellness (29), personal categories including nutrion and wellness (29), personal care (14), home care (14), cosmetics (52) and great care (14), home care (14), cosmetics (52) and great value products (6). value products (6).

Nissan plans to line-up nine models Nissan plans to line-up nine models of cars by 2012of cars by 2012

Nissan Motor India Pvt Limited (NMIPL) on Nissan Motor India Pvt Limited (NMIPL) on Tuesday said that they are planning to line-up Tuesday said that they are planning to line-up a total of nine models of cars by 2012.a total of nine models of cars by 2012.

First major milestone was to achieve sales of 1 First major milestone was to achieve sales of 1 lakh units a year by 2013 with over 100 lakh units a year by 2013 with over 100 dealerships in place. dealerships in place.

P&G takes 20% price cut, P&G takes 20% price cut, J&J may follow suitJ&J may follow suit

Procter & Gamble India (P&G) has decided to cut prices of Procter & Gamble India (P&G) has decided to cut prices of select products even as input costs have started pinching select products even as input costs have started pinching FMCG companies thanks to rising costs of raw materials and FMCG companies thanks to rising costs of raw materials and transportation.transportation.

The maker of feminine hygiene care and baby care brand The maker of feminine hygiene care and baby care brand Pampers, has taken a 20% cut in the consumer price of Pampers, has taken a 20% cut in the consumer price of hygiene care brand and a 12% drop in the price of Pampers hygiene care brand and a 12% drop in the price of Pampers Active Baby. The price of feminine hygiene care, which is a Active Baby. The price of feminine hygiene care, which is a low-priced brand in the company’s portfolio, has come down low-priced brand in the company’s portfolio, has come down from Rs 24 to Rs 20 for a pack of eight units, while the price of from Rs 24 to Rs 20 for a pack of eight units, while the price of Pampers Active Baby (pack of five) has become lesser by Rs Pampers Active Baby (pack of five) has become lesser by Rs 10 at Rs 70. 10 at Rs 70.

With P&G is taking a price cut, rival Johnson & With P&G is taking a price cut, rival Johnson & Johnson may also follow suit, leading to a price Johnson may also follow suit, leading to a price war of sorts.war of sorts.Analysts said it was difficult for companies to Analysts said it was difficult for companies to raise prices in feminine hygiene and baby care raise prices in feminine hygiene and baby care segments which do not have a higher saturation segments which do not have a higher saturation level like laundry. The penetration of feminine level like laundry. The penetration of feminine hygiene products in India is 12% as compared to hygiene products in India is 12% as compared to 64% in China.64% in China.High taxation is one of the reasons why High taxation is one of the reasons why companies would find it difficult to reduce prices companies would find it difficult to reduce prices in this category. The last Budget had levied a in this category. The last Budget had levied a 10% excise duty on sanitary napkins, which was 10% excise duty on sanitary napkins, which was previously exempt from excise duty. previously exempt from excise duty.

The country's top private sector lender, ICICI The country's top private sector lender, ICICI Bank, made its entry into the list of the top-10 Bank, made its entry into the list of the top-10 most valuable companies by market most valuable companies by market capitalisation this week.capitalisation this week.With a market capitalisation (m-cap) of 1,28,016 With a market capitalisation (m-cap) of 1,28,016 crore, ICICI Bank now features at tenth rank in crore, ICICI Bank now features at tenth rank in the list, knocking state-run BHEL out of the the list, knocking state-run BHEL out of the prestigious club. During the past week, ICICI Bank prestigious club. During the past week, ICICI Bank added Rs 10,809.4 crore to its m-cap.added Rs 10,809.4 crore to its m-cap.

Handset-maker Nokia today said that with the launch Handset-maker Nokia today said that with the launch of 3G mobile services and people opting to go for of 3G mobile services and people opting to go for replacement of old devices, the smartphone market replacement of old devices, the smartphone market in India is set to more than double in the next two in India is set to more than double in the next two years. years. During its annual technology event earlier last week, During its annual technology event earlier last week, Nokia Vice-President (Markets) Niklas Savander, Nokia Vice-President (Markets) Niklas Savander, announcing the launch of the company's latest announcing the launch of the company's latest smartphones, said, "Nokia sells 260,000 smartphones smartphones, said, "Nokia sells 260,000 smartphones every day globally... We plan to sell 50 million of the every day globally... We plan to sell 50 million of the new smartphones post their launch."new smartphones post their launch."

During its annual Nokia World event held During its annual Nokia World event held here this year, Nokia unveiled three new here this year, Nokia unveiled three new devices --- E7, C7 and C6 --- all using the devices --- E7, C7 and C6 --- all using the latest Symbian software.latest Symbian software.

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