ET Newsweek 8th Nov. – 13thnov Shruti Sharma MBA 2 ( C )
GM to drive in 6 new vehicles to India over 2 years The company will launch six new vehicles in the next two years, starting with a brand new sports utility vehicle (SUV) to be priced less than the Captiva. The company will go on to launch three new cars and two small trucks, known in India as light commercial vehicles. The company will launch LCVs under the Chevrolet brand name.
Contd… The LCVs will be sourced from the portfolio of GMI’s Chinese partner, the Shanghai Automotive Industries Corporation (SAIC). The engines for these vehicles will come from GMI’s new plant at Talegaon near Pune. This plant will make both petrol and diesel engines, with capacities ranging from 1-1.5 litres, which can be used for light commercial vehicles, to be made at at the Halol plant in Gujarat.
Emami to invest Rs 950 cr in its edible oil business With a view to emerge as a leading manufacturer and garner substantial marketshare in the branded edible oil segment, the Emami Group has earmarked Rs 950 crore over the next two years for the purpose, even as it is looking at a national roll-out of its Healthy & Tasty oil brand.
Oilex to start gas production from Cambay field next year Australia's Oilex Ltd plans to start natural gas production from the huge discovery it made south of Ahmedabad. It is being billed as the next big thing after Reliance Industries' KG-D6 gas find and Cairn India's Rajasthan oil discovery. Inplace reserves in the Cambay basin block near the town of Khambat (160-km south of Ahmedabad in Gujarat) is 16-21 Trillion cubic feet (Tcf). Of these, 10 per cent or at least 1.6 Tcf are recoverable
Contd… Initial gas production could be 5 million standard cubic feet per day, rising up to 50 mmscfd by 2012-13. The inplace reserves are almost equivalent to what RIL had found in the Krishna-Godavari basin deep sea KG-D6. But KG-D6 fields have a higher recovery factor with almost 12 Tcf of gas likely to be produced over life of the field, while in Oilex's case only 1.5 Tcf can be produced as the reservoir is 'tight' with low permeability
BhartiAirtel to re-brand 'Airtel', to spend Rs 300 crores Sunil Mittal'sBhartiAirtel is going in for a mega brand change of Airtel for which the company will spend Rs 300 crores globally, sources close to the development said. The unveiling of the brand is expected next week. The new look of the brand is expected to have a swoosh locked with the word Airtel.
Contd… The way Airtel is written may also change, it is not expected to have a capital 'A' under the new brand. The red colour, though, will still be dominant in the new brand. The new brand is expected to be splashed all across India, Africa, Sri Lanka, Bangladesh, Seychelles.
Contd… Company had already said that Zain will be re-branded as Airtel, but, this will be part of a bigger brand to give a fresh image to Airtel. The brand makeover is done to give Airtel a more youthful look as it gets more global in it's approach. This will be yet another evolution of the strong brand Airtel, earlier the company had merged all the segmental brands into Airtel once it appealed to the customers.