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  1. 1. Economic Times Presentation (11 Oct – 16 Oct)<br />Presented By:<br />Tanvi Sharma <br />MBA-2C<br />
  2. 2. Fortis Global to buy HK's Quality Health for Rs 882 cr<br />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. <br />Fortis Global Healthcare will acquire five subsidiaries of QHA. However, the elderly healthcare businesses of QHA will not be part of the deal.<br />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.<br />
  3. 3. Continued………..<br />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).<br />The five subsidiaries of QHA to be acquired by Fortis Global Healthcare are:<br />
  4. 4. Godrej Consumer merges Godrej Household Products with itself<br />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.<br />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.<br />The firm's board has also approved merging its South African unit Kinky Group into another South African unit Rapidol Ltd.<br />
  5. 5. Nokia Siemens, Ericsson to help Vodafone’s 3G rollout<br />Sweden’s Ericsson and Finland-headquartered Nokia Siemens Networks will roll out 3G networks for Vodafone Essar.<br />Vodafone gave a three-year contract estimated at $500 millionto the gear manufacturers who are also the company’s existing equipment vendors. <br />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<br />
  6. 6. Continued……..<br />While Ericsson will cover the high-density metros of Mumbai, Delhi and Kolkata.<br />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.<br />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. <br />
  7. 7. ZF Hero in talks with Suzuki, Honda to supply parts in India<br />ZF Hero Chassis Systems , a joint venture between Hero Motors and Germany's auto component major ZFis in talks with Suzuki and Honda to supply components in India. <br />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. <br />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 .<br />
  8. 8. Continued…..<br />Hero Motors provides engineering services for the automotive industry, including development and design, and also produces chassis components, including axle systems.<br />ZF on the other hand, is a leading worldwide automotive supplier for driveline and chassis technology.<br />
  9. 9. Hyundai launches luxury SUV Santa Fe<br />Hyundai Motor India, country's second largest car manufacturer has launched its luxury SUV Santa Fe, priced between Rs 20.95 lakh- Rs 22.95 lakh. <br />The SUV will be available with 2.2 L engine and six speed manual transmission, with an option of 2-wheel and 4-wheel drive. As per the company, this diesel vehicle has mileage of 14.66 km per litre. <br />
  10. 10. Sony unveils TVs with Google's Web-surfing system<br />Sony's lineup of sleek televisions with Google's Web-surfing system will go on sale this week.<br />The high-definition sets unveiled by Sony have LCD screens ranging from 24 inches to 46 inches. Prices range from $600 to $1,400.<br />Sony's price for its Google TV sets is $200 to $400 higher than comparable TVs without the highly touted software.<br />