8 12 nov

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8 12 nov

  1. 1. By: Nitin Kochhar Weekly NEWS (8th – 12th Nov)
  2. 2. Banks can freeze an account that's unused for two years  If you don’t withdraw money or carry out any transaction from your account through the bank’s ATM , branch or website, for a period of more than a year, the bank terms your account as inactive.  If the account is kept unused for almost two years, it is classified as ‘dormant’.  If your account is being classified as ‘inactive’, you cannot operate it through the ATM/phone or internet banking.
  3. 3. Contd…  For HDFC Bank, it’s out 12 months, ICICI Bank-15 months while foreign banks like Citibank, HSBC and Standard Chartered Bank classify an account as inoperative if no transactions have taken place for two years.
  4. 4. Nokia’s market share slips below 30%  Unbranded phone-makers in China expanded to other emerging economies.  The top 10 phone-makers’ combined share fell to 67% from 84%.  Samsung and LG declined in market share nut retained their 2nd and 3rd place standing.  Global smartphone sales surged 96%in the quarter helping Apple.
  5. 5. HUL, Garnier, Nivea, Emami vie for pie of men’s grooming market  The men’s grooming market—which includes face cleansers, moisturisers, hair gels, body washes, deodorants and shaving products is estimated at around Rs 1, 500 crore.  Nivea India has 15% of its personal care revenues coming from men’s products.  Fair and Handsome - the first men’s fairness cream to hit the market in the country, alone accounts for 10% of Emami’s personal care revenues.  Ahmedabad-based Paras Pharma, makers of Set Wet hair gel Zatak deodorants, men’s grooming accounts for nearly 70% of its personal care portfolio, which also includes Livon hair conditioners and Recova anti-ageing cream for women.
  6. 6. Contd…  While the target consumer is strongly rooted in the 20 to 45 years age group, deodorants and hair products take the age bracket lower to 15 years.  Paras Pharma’s Set Wet Hair gel has pipped Godrej Sara Lee’s Brylcreem to become the largest hair gel brand by market share.
  7. 7. HUL to launch 'Puriet' in Latin America, Africa  The company has recently launched the water purifier in Bangladesh and Indonesia.  The target is to protect half a billion people across the world by 2020.  In India, today Pureit is protecting 15 million people.  It is now present in three million homes covering 1,500 towns and cities in India.  At present, the water purifier is available in three versions, priced between Rs 1,000 and Rs 6,900, and are sold through both direct-to-home channel and through retail outlets.
  8. 8.  Thank you

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