Economic Times Presentation (11 Oct – 16 Oct) Presented By: Priyanka Sharma MBA-2C
Eros International Media in Rs 640 mn pact with Zee Entertainment Eros International Media, a unit of Eros International has signed a licensing deal worth Rs640 million with Zee Entertainment Enterprises. This deal is for exclusive broadcast of some of Eros' films on Zee Entertainment Enterprise's television network. The deal takes Eros International Media's pre-sales revenue visibility for music and television rights in FY11 and FY12 to Rs 2.4 billion.
China aims to become worlds second largest film market by 2015 China aims to become the world's second-largest movie market by Rapidly expanding its theatres and film infrastructure by 2015. China's box office earnings are likely to reach between $ 4.5 bnand $ 6 bn in 2015. China will build another 1,500 cinema screens this year, raising the total to 6,000 and the number is expected to double by the end of 2015.
Reliance BIG TV signs corporate alliance with MIRC Electronics Reliance BIG TV (RBTV) has entered into a corporate alliance with leading electronics manufacturer, MIRC Electronics Limited-makers of the Onida brand. Customers across the country can now avail of a free Reliance BIG TV connection on the purchase of Onida LED, LCD and the color television (CTV) range comprising 21UltraSlim models, 21Thunder models, 29 Flat models and 29 slim models.
Carlson plans to manage 100 hotels in India by 2015 Global hospitality and travel company Carlson plans to manage over 100 hotels in the country by 2015 as part of international expansion plan. Carlsonmanages 31 hotels across India. It will have over 11,000 rooms in the next five years on the back of expansion, up from the 2,865 rooms it has at present. At present Carlson's Indian operations accounts for about 3% of its global turnover and it is likely to go up to 7% by 2015 on the back of expansions.
Continued………… The Indian expansion plan is a part of the global strategy announced by Carlson to have a total 1,500 hotels by 2015. At present, it operates 1,075 hotels in 77 countries. Expansion will take place under these brands
Dabur completes acquisition of Turkey's HobiKozmetik Group FMCG player Daburhas completed the Rs 324 crore acquisition of Turkey-based personal care products maker HobiKozmetikGroup . The company had acquired Hobi Group firms, which include HobiKozmetik, ZekiPlastik and Ra Pazarlama. HobiKozmetikis a leading manufacturer of personal care products in Turkey. It sells a range of hair care and skin care products under the 'Hobby' and 'New Era' brands across 35 countries, including the Middle East and North Africa.
Continued….. At present, 20% of Dabur's overall sales come from the international markets. Last fiscal, Dabur's total sales stood around Rs 3500 crore.
Fortis Global to buy HK's Quality Health for Rs 882 cr Fortis Global Healthcare Holdings will acquire the healthcare businesses of Hong Kong-listed Quality Healthcare Asia (QHA) for an aggregate consideration of around Rs882 crore. Fortis Global Healthcare will acquire five subsidiaries of QHA. However, the elderly healthcare businesses of QHA will not be part of the deal. The acquired businesses comprise a network of over 60 wholly-owned medical centres, over 500 affiliated clinics, over 40 dental and physiotherapy centres and a private nursing agency with a database of over 3,000 nurses.
Continued……….. The consideration of the transaction shall be an amount in cash equal to the aggregate sum of HK $1,521 million (the bid value) and the base working capital (HK $20 million).
Godrej Consumer merges Godrej Household Products with itself Personal care products maker Godrej Consumer Products Ltd has approved merging its unit Godrej Household Products Ltd with itself. The merger has been effective since April 1, 2010. Following the acquisition, Godrej Consumer has become the largest homegrown household and personal care company in India and second largest household insecticides company in India. The firm's board has also approved merging its South African unit Kinky Group into another South African unit Rapidol Ltd.
Nokia Siemens, Ericsson to help Vodafone’s 3G rollout Sweden’s Ericsson and Finland-headquartered Nokia Siemens Networks will roll out 3G networks for Vodafone Essar. Vodafone gave a three-year contract estimated at $500 millionto the gear manufacturers who are also the company’s existing equipment vendors. Nokia Siemens Networks will implement and manage Vodafone’s 3G networks in Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh (East), rest of West Bengal and Haryana
Continued…….. While Ericsson will cover the high-density metros of Mumbai, Delhi and Kolkata. With the implementation of the 3G roll out, more than 113.8 million Vodafone users will be able to avail high-end services such as video calling, interactive gaming and high-speed internet on mobile phones by late December. Bharti Airtel gave a 3G network rollout contract to Ericsson India , Nokia Siemens Networks and Huawei Technologies , estimated by the industry to be around $700 million.
ZF Hero in talks with Suzuki, Honda to supply parts in India ZF Hero Chassis Systems , a joint venture between Hero Motors and Germany's auto component major ZF is in talks with Suzuki and Honda to supply components in India. The company, which currently supplies axle assembly to General Motors India, also said it will be investing Rs 100 crore to set up a new plant as part of an expansion strategy in India. The company currently has a production capacity of about 50,000 tones annually from its two existing locations. The new plant will increase it by up to 70 per cent .
Continued….. Hero Motors provides engineering services for the automotive industry, including development and design, and also produces chassis components, including axle systems. ZF on the other hand, is a leading worldwide automotive supplier for driveline and chassis technology.