1. CII says American firms could earn high returns investing in Indian SMEs as businesses from India and US come together to tap potential. 2. Reliance Brands is scouting domestic acquisitions and plans to launch its own luxury label in 18 months. 3. Vijay Mallya's Mangalore Chemicals scrapped its Rs 500 crore plan to set up a unit to sell fruits and vegetables.

1. ETWEEKELY NEWS Anupinder Singh Sekhon MBA-2c

2. NEW DELHI: With businesses from India and US coming together to tap the potential of small and medium enterprises in the two countries, CII on Sundaysaid American firms could earn "high returns" by investing in the Indian SMEs.

3. NEW DELHI: Reliance Brands, a subsidiary of MukeshAmbani-led Reliance Retail, is scouting for acquisition in the domestic market, besides launching its own luxury label in the next 18 months.

4. Vijay Mallya’s company scraps veggie retail plan Vijay Mallya’s Mangalore Chemicals & Fertilizers has scrapped its Rs 500 crore ($110 million) plan to set up an Indian unit to sell fruits and vegetables. Mallya’s fertiliser company helped farmers in Karnataka improve water, soil and nutrition management to improve crop yields. It planned to buy vegetables, fruits from the producers and sell them to retailers.

5. Bharti enters mobile handset business Bharti on Sunday announced its entry into the fast-growing mobile handset business as group firm Beetel launched eight handsets in the price range of Rs 1,750-7,000. Beetel mobile phones will be available through a nationwide distribution network of over 4,000outlets across Delhi, Haryana, UP and Uttaranchal, Rajasthan, Punjab and the seven northeastern states.

6. Intex Technologies to foray into television segment Information technology devices maker Intex Technologies will enter the colour television and LCD TVs segment. The company will sell products under the 'Intex' brand which will be priced up to 10 per cent less than brands that are currently leading the market. On an average, LCDs are priced Rs 20,000 onwards, while branded TVs begin at Rs 5000. Intex currently manufacturers mobile phones, computers IT peripherals and DVD players at its three manufacturing units located in Himachal Pradesh and Jammu.

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