Instant noodles: Rivals turn the heat on Nestle'sMaggi<br />Launch of Parle’s Big Byte soon dwindled to nothing and Voltas’s Cookie Feast arrived with a bang and left without a trace of ever having existed.<br />In the near two decades of its existence, Maggi has been the only show in town when it comes to noodles.<br />HUL has entered the fray with Knorr Soupy Noodles, GSK launched Foodles.<br />
Maggi losing instant noodles market share in India to new entrants<br />Maggi’s share of instant noodles, on an all-India basis, across urban markets, has slipped consistently.<br />Maggi's instant noodles' value market share has fallen across the east, south, north and west zones for the same period.<br />Nestle has the potential to expand the Rs 1,300-crore instant noodles category – which itself is growing at a rapid 15% annually. <br />: “The category boundary is set to be re-drawn. From a snack food targeted at children, instant noodles category has evolved as a mainstay meal even for grown ups.” <br />
Tata Global Beverages to enter kids foods business<br />Global Beverages (formerly, Tata Tea) is poised to hit kids street. <br />“We will be looking at nutritional food and wellness products in the food category. Nutritious food like fortified candies can be introduced for children.<br />: “Our mission is to provide products in the market that deliver physical and functional benefits and satisfying emotional and well-being needs. <br />Our vision is to be the leading ‘good for you’ beverage company.” <br />
Coca-Cola enters dairy-based beverages segment<br />Global beverages giant Coca-Cola marked its entry in the dairy segment with the launch of a milk-based mango drink. <br />The product, Maaza Milky Delite, had been launched for the first time in Kolkata. <br />The national roll-out of it would take place after the product's test marketing in Kolkata. <br />
LG goes for an image makeover to target premium segment<br />LG is working on a brand re-positioning exercise to cater to the premium segment by introducing more high-end products in India. <br />The company is looking at bringing more products at the premium level, enhancing its after sales service and customer experience at the retail level. <br />The company had recently launched hi-end products like 3D television on LED platform and 5-star rated refrigerators to tap the top end of the market. <br />
Time is right for luxury watches in India<br />Luxury watch brands like Rolex, Bvlgari, Omega, Tissot and Longines are eyeing the booming market in India.<br />"India is one of the largest consumers of luxury watches and the market is booming.”<br />The high-end watches cost anywhere between Rs 15,000 ($320) and Rs 50,000 ($1,100). There are some limited editions that cost up to Rs.5 crore (over $1 million). <br />
Contd….<br />"Indians are very well-educated and aware of luxury brands. Indian customers are intelligent and when they get quality they don't hesitate in splurging," said Guillaume Marx, area sales director of ParmigianiFleurier. <br />"The problems of customs duties, red tapism, etc do remain and will always pose a hindrance in the growth of this segment."<br />
Colgate Palmolive gets HC nod to merge with CC Health Care<br />Colgate Palmolive had applied to the High Court for the amalgamation with the company from April 01, 2009<br />The High Court of Judicature at Andhra Pradesh has sanctioned the scheme of amalgamation of CC Health Care Products<br />
Dabur aims to double sales to Rs 7,000 cr in next 4 yrs<br />It focuses on strengthening the healthcare segment to be one of the key growth drivers.<br />The company's board members had approved a resolution to raise the fund. <br />Dabur is looking at expanding its healthcare category besides growing the food, home and personal care businesses. <br />"The 1:1 Bonus issue to the shareholders has been announced to mark the 125th year of Dabur's establishment. We feel the Bonus issue was long overdue to our investors," <br />
HUL's India operations become talent hub for overseas business<br />Unilever is increasingly seeking their experience of handling a diverse and complex market like India to crack other markets, and it is assigning them roles that are more important in its present scheme of things. <br />The majority of HUL managers who have moved out of India in recent times have gone to Asia (Bangladesh, China , Indonesia, Singapore, Sri Lanka, Thailand , Vietnam), East Europe (Poland and Russia) and Africa (South Africa); some have gone to the regional headquarters in Singapore, or to West Europe.<br />
Contd…<br />The plan, aimed at achieving greater cohesion among the multinational’s geographies.<br />Unilever posts job openings on its intranet, and managers in other geographies are free to apply. <br />
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