ET NEWS (1st – 5th NOV)
 International lifestyle brand, Esprit is present in 45
countries and is the 7th largest apparel brand in the world
with ...
 Iconic American motorcycle maker Harley-Davidson will start
assembling select models in India.
 To crack the booming In...
 A cheaper price tag will help Harley-Davidson make
deeper inroads in the world’s second-largest two-wheeler
market.
 Th...
 Vodafone Essar, India’s third-largest cellphone operator by
subscribers.
 Plans to sell its 7,000 towers across 7 circl...
 India’s largest consumer products company, HUL, is
set to counter P&G’s anti-ageing cream, Olay.
 HUL is launching more...
 Olay with 36.7% share tops the anti-ageing segent.
 Ponds Gold Radiance, priced between Rs. 500-
Rs.1,000 will be most ...
 Present limit is Rs 1 lakh.
 New limit will come into effect from Nov 15 onwards.
 The RTGS system facilitates high-va...
 Fund transfers up to Rs 1 lakh through the NEFT mode,
will continue to attract a service charge of Rs 5.
 For fund tran...
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  1. 1. ET NEWS (1st – 5th NOV)
  2. 2.  International lifestyle brand, Esprit is present in 45 countries and is the 7th largest apparel brand in the world with a global turnover of $ 5 billion.  Esprit India's revenue for 2009-10 stood at Rs 80 crore.  Targets the middle-to-upper-middle clientele.  Entered India in a tie-up with Madura Garments, a wholly- owned subsidiary of Aditya Birla Nuvo, in 2005.  Currently, present in 12 cities in India.
  3. 3.  Iconic American motorcycle maker Harley-Davidson will start assembling select models in India.  To crack the booming Indian premium bike market dominated by Japanese brands.  The upcoming facility at Bawal in Haryana will become operational in the first half of 2011 with an initial capacity to assemble 200 bikes per year.  Completely knocked-down (CKD) kits attract a lighter net duty and taxes of around 60% compared to the 110% tax being levied on imported bikes.
  4. 4.  A cheaper price tag will help Harley-Davidson make deeper inroads in the world’s second-largest two-wheeler market.  The super bike market in India was estimated at around 1,000 units last year and is growing 20% a year.  Dominated by Japanese companies Suzuki, Yamaha and Honda with Suzuki’s Hayabusa in the lead.  Hopes to gain an edge over BMW's Motorrad with its assembly plant.  Harley sells bikes with engine capacities of 883cc to 1500cc and priced in the range of Rs 7.8-38 .7 lakh.
  5. 5.  Vodafone Essar, India’s third-largest cellphone operator by subscribers.  Plans to sell its 7,000 towers across 7 circles.  GTL Infrastructure and Tata Quippo are learnt to have evinced interest in acquiring Vodafone Essar’s towers in these 7 circles.  Vodafone Essar’s towers and other physical infrastructure in rest of the country are held by Indus Towers.  The deal size could be over Rs 2,000 crore.  Indus Towers is the largest tower company in the country with over 1,10,000 towers in its portfolio.
  6. 6.  India’s largest consumer products company, HUL, is set to counter P&G’s anti-ageing cream, Olay.  HUL is launching more than half-a-dozen premium products from the Ponds Gold Radiance portfolio.  Anti-ageing segment accounts for 10% of the total skin care market.  In Sept, Ponds had a 16.5% share, Garnier 18.9% share.
  7. 7.  Olay with 36.7% share tops the anti-ageing segent.  Ponds Gold Radiance, priced between Rs. 500- Rs.1,000 will be most expensive brand in HUL’s skin care portfolio, a business that is the most profitable segment for the company.  Skin care segment is worth of Rs. 3500 crore.  HUL is the market leader controlling over half the market with popular mass brands such as Fair & Lovely and Vaseline.
  8. 8.  Present limit is Rs 1 lakh.  New limit will come into effect from Nov 15 onwards.  The RTGS system facilitates high-value transfers of money from one bank to another on a real-time and gross basis.  On an average, the central bank handles around 60,000 RTGS and around 50,00,000 cheque clearing transactions per day.  For electronic transactions valued between Rs 1-2 lakh, the RBI has created a new value band in its 'near real-time' National Electronic Fund Transfer (NEFT) system to cater to retail bank customers.
  9. 9.  Fund transfers up to Rs 1 lakh through the NEFT mode, will continue to attract a service charge of Rs 5.  For fund transfers valued between above Rs 1 lakh and Rs 2 lakh, the RBI has revised the customer charges downward to Rs 15 from Rs 25 earlier.  The fee for fund transfers worth more than Rs 2 lakh remains unchanged at Rs 25.  The NEFT has been a highly successful service ever since it was launched in late 2005. More than 60 lakh transactions are estimated to take place every month through this route.

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