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6th weekly news


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6th weekly news

  1. 1. 6th Weekly News<br />
  2. 2. NOKIA loses 20% market in six months<br />Nokia failed to keep pace with Rs. 30,000 mobile market in india, has seen market crash close to 20% in the first six moths of 2010.<br />Finnish company accounted for only 36.3% handsets sales in india due to growing competetion from new mobile makers, micromax, spice, lava etc.<br />
  3. 3. NIKON to capture more market share<br />Japanese imaging product company NIKON plans to increase India’s contribution to 5% in the next three years from the current 1% .<br />Nikon will launch its new television commercial in india from this weekend.<br />Nikon is targetting 1800 retail outlets for in-store branding.<br />
  4. 4. Corus logo to make way for Tata steel brand<br />Tatas have decided to replace the Corus name with Tata brand and logo<br />Corus joined Tata Steel family on April,007 after the jamshedpur based steelmaker paid $12 billion.<br />
  5. 5. WAL-MART eyes Africa with $4.6 billion deal<br />Wal Mart stores the world’s largest retailer plans to buy Massmart holdings for $4.6 billion entering Africa in its biggest deal in more than a decade.<br />Massmart shares rose as much as 16.68 rand to 151.43 rand and traded at 149.5 rand giving the company a market value of about 30 billion rand.<br />
  6. 6. IBM to boost Airtel IT infra to service 500 billion customers<br />US IT giant IBM will provide BhartiAirtel with an IT infrastructure that can support 500 million customers the globe.<br />Earlier this month BhartiAirtel took the initial steps to replicate its hugely successful outsourcing model in Africa by awarding a $1.5 billion contract to IBM for managing its IT requirement across 16 countries.<br />