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. 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. 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. 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. 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. 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. 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. 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.
