Corporate

Walt Disney to sell personal care products in India

26 jul 2007

Disney Consumer Products, the business arm of $30 billion Walt Disney Company is entering the Indian personal care FMCG segment by introducing products such as shampoo and shower gel targeted at children of age group 4-14 years.

NDTV-NBC partnership, making of another Indian media giant

25 jul 2007

News broadcaster NDTV’s entertainment venture, NDTV Imagine could be valued at over Rs.2000 crore, much before it airs it channels. NDTV is also believed to be talks in GE Group’s NBC Universal to sell 26% stake in NDTV Entertainment, a 100% subsidiary of NDTV.

Reliance Industries may build India’s largest fertiliser plant

23 jul 2007

RIL is planning to set up a fertiliser manufacturing plant having 4 million tonne capacity making it the biggest greenfield fertiliser capacity in India. Reliance would use the gas from Krishna-Godavari basin as a feed to the fertiliser capacity.

GE Money aims to become largest NBFC, eyes tieup with retailers

23 jul 2007

GE Money, part of world’s largest conglomerate, GE plans big in the Indian financial market. It is aiming to expand its consumer finance business by increasing asset size to $8 billion by 2010 from current $2 billion.

KP Singh of DLF becomes India’s third trillionaire

23 jul 2007

After Mukesh and Anil Ambani, DLF’s Kushal Pal Singh became India’s third rupee trillionaire with a net wealth of Rs.101,250 crore. The market cap of India’s largest real estate company DLF now stands at Rs.1,14,744 crore.

Starbucks postpones plans of entering India

20 jul 2007

World’s largest coffee chain, Starbucks much-written about entry into Indian market seems to be again delayed as it has withdrew its application to operate single-brand retail stores in India. Starbucks is now file a fresh application to enter Indian market as its application was rejected by the Foreign Investment Promotion Board and Commerce Ministry on account of unclear proposed equity structure for India operations.

Future Group to expand its telecom retail business

20 jul 2007

India’s top retailer, Pantaloon Retail is forming a new company to considerably scale up its telecom retailing business in a 50:50 joint venture with UAE-based Axiom Telecom, for an investment of $40 million.

Tata and Woolworths to extend their retail partnership

19 jul 2007

Tata Group’s retail arm Infiniti Retail is enhancing its partnership with Australian supermarket chain Woolworths, to enter food & grocery retailing by opening supermarkets and hypermarkets. Tata through its group company Trent already has a hypermarket chain Star India Bazaar to tap the price-conscious customer.

Reliance ADAG forays into music and movie distribution biz

18 jul 2007

Reliance Entertainment (to be eventually named BIG Entertainment) is expanding its business by foraying into music and movie distribution through Big Music and Home Entertainment respectively. Big Music has two major upcoming movies under its label and expected to have four more in coming months.

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