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  1. 1. WEEKEND NEWS (30 Aug – 4 Sep)<br />By: NITIN KOCHHAR<br />MBA – 2C <br />
  2. 2. THE DRIFT OF THE MAGGI<br />Nestle’s flagship MAGGI instant noodles is loosing market share to newer entrants.<br />Newer entrants are:<br /><ul><li>GSK’s Horlicks Foodles
  3. 3. HUL’s Knorr Soupy Noodles
  4. 4. Big Bazaar’s Tasty Treat
  5. 5. Top Ramen</li></ul>MAGGI had a 90.7% share in Dec 09 that has dropped to 86.5% in July 10.<br />
  6. 6. Six new telcos to be fined for missing rollout deadlines<br />6 new players include VIDEOCON, SISTEMA, S Tel, UNINOR, LOOP, ETISALAT DB<br />Bagged licenses in January 2008 but missed several deadlines to launch commercial services.<br />DoT has powers to cancel licenses of mobile phone cos in circles where they have not launched services even a year after getting the license. <br />
  7. 7. Bankers, retailers seek fee cut in debit card processing<br />Retailers and a section of the banking industry are keen on the reduction of fees which will increase the utilisation of debit cards.<br />The report has recommended that as against the present Merchant Discount Rate (MDR) charged to retailers, banks should be allowed to charge at the most 0.2% fees on debit card transactions which should not be passed on to customers. <br />Banks generate an income of Rs 1340 crore a year through MDR – the fees charged to merchants to process card payments. <br />
  8. 8. Contd…<br />Banks have issued 19 crore debit cards but these cards are used for payments for an average once a year. <br />There are 1.9 crore credit cards which see 11 transactions a year.<br />The suggestions if accepted will increase acceptance and usage of debit cards and bring down the relevance of cash in the system. <br />
  9. 9. Punjab National Bank charts plans for overseas expansion<br />PNB plans for expansion in the central Asian country of Kazakhstan with the decision to acquire a 64% stake in JSC Dana Bank for $24 million by 2010.<br />PNB has global presence in 9 countries with branches at Hong Kong, Kabul, Dubai, Almaty, Shanghai, Norway, representative offices in China and having a subsidiary in London with 5 branches.<br />Bank will shortly start its subsidiary in Canada to tap huge Punjabi population. <br />
  10. 10. Telecom revenue in metros reaching saturation levels<br />Latest data collected by TRAI for the June quarter shows that overall revenue in metro cities fell 0.2% owing to an 8% fall in Mumbai from the preceding quarter.<br />Revenues from ‘A’ circle grew merely 3.6%.<br />Metro cities such as Delhi, Mumbai and Kolkata account for 16% of sector’s total revenue.<br />Reason is that the subscriber additions no long compensate for falling rates.<br />
  11. 11. NEWS<br />Reliance Industries’ Mukesh Ambani bought 14.12% in East India Hotels for Rs. 1021 Crore, from promoters which runs the Oberoi & Trident Chains.<br />DTC Bill to start a year behind schedule which will come into effect from April 1, 2012.<br />Nokia forays into dual - sim market. C1 & C2 are the first two dual SIM handsets being launched. <br />
  12. 12. THANK YOU<br />