Economic times

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Economic times

  1. 1. Economic Times[6 Sept- 11 Sept]<br />Sukhwinder Singh <br />MBA-2C<br />
  2. 2. PepsiCo to set up low-cost foods unit<br />PepsiCo India is in the process of creating its own low-cost foods business. To be called “foods value” business.<br />This project is focusing on low-cost fortified snacks like biscuits priced at Rs 2-3 a pack, which PepsiCo will target at rural consumers.<br />The new entity will be addition to the company’s existing divisions for beverages and foods, which operates under focusing Frito-Lay India. <br />
  3. 3. Vodafone must pay tax on Hutch buy- HC<br />HC ruled that Vodafone must pay a capital gains tax on its $11-billion acquisition of a controlling stake in mobile phone operator Hutchison Essar, completed in 2007.<br />Estimated tax liability on Vodafone is of $2-billion.<br /> In its transaction,Vodafone acquired 52% from Hutchison Essar in an overseas transaction while 15% was held by Analjit Singh Asim Ghosh.<br />
  4. 4. Continued……..<br />The court was of the view that the transaction was a composite one and is taxable.<br />The company says only 15% of the stake acquired has links with India.<br />
  5. 5. Reckitt-Bharti Walmart brand battle on<br />Reckitt Benckiser has served a legal notice on Bharti Walmart demanding to withdraw its Great Value toilet cleaner.<br />As it infringes upon the ‘bottle design and cap’ of Reckitt’s Harpic brand.<br />Great Value is Wal-Mart’s top-selling umbrella brand with global annual sales of close to $11 billion. <br />
  6. 6. Akai India all set to enter in mobile handset market<br />Akai India will be shortly launching its mobiles ranging from Rs 1,800 to 8,000.<br />Separate 234 service centers will be allotted for mobiles out of its total 663 service centers.<br />It is aiming at 3% market share in a $550 billion handset market. <br />
  7. 7. Miscellaneous <br />MTS (Mobile Telephony Services) brand of Sistema Shyam Teleservices Ltd. would be launching 20 new models within 6 months.<br />Britannia Industries Ltd. will invest around Rs 100 crore to set up one plant each at Bihar and Orissa to cater to the growing market. <br />
  8. 8. Thank You.<br />

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