Economic Times Presentation


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Economic Times Presentation

  1. 1. Economic Times Presentation(4 Oct – 9 Oct) <br />Presented By:<br />Tanvi Sharma <br />MBA-2C<br />
  2. 2. Ashok Minda Group acquires Germany's AksysKoengen.<br />Automobile components manufacturer Minda Group on Tuesday acquired AksysKoengen of Germany through an asset deal. <br />Acquisition is a part of a plan to consolidate its position in the global auto component industry. <br />The group targets to achieve a turnover of Rs 2,500 crore in 2010-11. It is also aiming at top line revenue of around Rs 6,000 crore by the end of 2013-14.<br />
  3. 3. Continued………. <br />With this acquisition, the group completes its fourth major acquisition by the group in Germany and the sixth in Europe.<br /><ul><li>Major Acquisitions of the Ashok Minda Group:-</li></li></ul><li>Hero Honda launches special CWG limited edition bike<br />Two-wheeler major Hero Honda launched Passion Pro Commonwealth Games limited edition motorcycle costing Rs.46,300.<br />The new bike is designed as a collector's item to celebrate the company's association with the Games. <br />New bike has an all-white body with sporty looks, striking new dual-tone blue and green graphics inspired by the colours of the Games.<br />
  4. 4. Fiat launches Línea T-Jet, T Jet Plus priced at Rs 8.55 - 8.99 lakh<br />Fiat India launched two variants of its C plus flagship car Linea, the T-Jet and the T-Jet Plus.<br /> The T-Jet is priced at Rs.8.55 lakh, T-Jet plus on the other hand carries a price tag of 8.99 lakh.<br />The Linea T-jet model has 13 new features and seven class leading equipments like more powerful engine, fuel efficiency and safety features. <br />
  5. 5. Fortis Healthcare owners to buy HongKong business<br />The controlling shareholders of Indian hospital chain Fortis Healthcare have agreed to buy the healthcare assets of Hong Kong-based Quality HealthCare Asia Ltd for HK $1.52 billion ($ 195 million).<br />In addition to the HK $1.52 billion in cash, Fortis Global Healthcare will provide HK$20 million in base working capital.<br />New Delhi-based Fortis Healthcare is controlled by billionaire brothers Malvinder and Shivinder Singh.<br />
  6. 6. Here for long haul, not in a hurry to expand in India: Armani<br />Armani said it is not in a hurry to expand in the country and would rather adopt a calibrated while spreading reach here.<br />The company has highly-specialised sub-labels, including Giorgio Armani, Armani Collezioni, Emporio Armani, Armani Jeans, Armani Exchange, Armani Junior, and Armani/Casa. <br />Armani will be having 10 to 12 stores here in India in coming few years.<br />
  7. 7. Godrej Security looking at 75% market share in 5 years<br />Godrej Security Solutions (GSS), part of the $3 billion Godrej Group , is targeting a 75 percent market share in the next five years from current 70 percent.<br />Godrej Security Solutions is looking at a turnover of Rs.1,000 crore (2013-14) from Rs.500 crore targeted this year for the security division.<br /> <br />GSS has 23 branches with 650 dealers across the country.<br />
  8. 8. Continued………. <br />The total security market in the country is around Rs.600 crore now and GSS , clocked a turnover of Rs.400 crore last year.<br />