1. Amway planning second facility in
India
• Amway India, a direct selling Fast Moving Consumer
Goods (FMCG) company, planned to set up their second
manufacturing facility in the country in South India
• It would help the company to boost its sales and increase
its product range
• The company, a 100 per cent subsidiary of US-based
Amway Corporation, had been witnessing a 25 per cent
year-on-year growth in its revenues
• For setting up the present manufacturing facility, the
company has inked an agreement with Baddi-based
vendor Sarvotham Care Ltd

2. RBI likely to hike policy rates this
week to curb inflation
• The Reserve Bank may further hike its key policy
rates during the monetary review on September
16, going by the suggestion of Finance Minister
Pranab Mukherjee to the central bank to take
more steps to check rising prices
• It may further tighten its policy rates to tackle
rising inflation, specially food prices, with strong
July industrial production numbers providing
confidence that the growth won't be impacted by
the move

3.
Lotto to expand retail reach in India
• Italian sportswear brand Lotto is working on strengthening its
presence in India by expanding retail reach and driving
volume growth
• In Asia, India currently comes at number three after Japan
and China in terms of turnover contribution to Lotto's global
sales
• Today Lotto has about 45 exclusive stores, which are likely to
go up to 200 in the next three years. The parent company has
also said that it will invest USD 10 million in providing
marketing support to the Indian entity
• Recently, Lotto has extended its agreement with us (Sports
Lifestyle) for the next 15 years. This means that the company
is committed to India

4. Google's Android to be world No. 2 in
2010
• Google Inc's Android software will become the
world's second most popular operating system for
cell phones this year
• By 2014 Android will account for nearly 30 percent of
all cell phone operating system sales, according to
research firm Gartner, putting it in position to
challenge Nokia Corp's Symbian software, which has
reigned as the top mobile operating system for
years.
• Android became the No. 1 operating system for U.S.
smartphones in the second quarter

5. Axis plans HR overhaul to build its
future team
• Axis bank is taking the assistance of human resource consultancy
firm Cerebrus Consultants and Hewitt to get its HR structure
aligned to its growth strategy
• The bank had created verticals around various businesses and is
now looking to deploy human resources around this structure and
putting in place a fitting compensation package.
• Ms Shikha Sharma said one of Axis’ strengths was its relationship
with its retail customers, and it was now looking at deepening the
relationship through a wider product range. In the works is capital
market services such as internet broking, for which the bank will
seek a broking licence through its wholly-owned subsidiary, Axis
Sales, which is currently a distribution arm.

6. Axis plans HR overhaul to build its
future team
• Axis bank is taking the assistance of human resource consultancy
firm Cerebrus Consultants and Hewitt to get its HR structure
aligned to its growth strategy
• The bank had created verticals around various businesses and is
now looking to deploy human resources around this structure and
putting in place a fitting compensation package.
• Ms Shikha Sharma said one of Axis’ strengths was its relationship
with its retail customers, and it was now looking at deepening the
relationship through a wider product range. In the works is capital
market services such as internet broking, for which the bank will
seek a broking licence through its wholly-owned subsidiary, Axis
Sales, which is currently a distribution arm.