Et news 26 sep


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Et news 26 sep

  1. 1. ET NEWS<br />Manminder Singh<br />MBA 2C<br />
  2. 2. Corporate India's overseas investment is likely to see a significant jump in the next few years, as more companies seek to explore newer markets and make strategic moves in crisis-hit developed economies. India's outward foreign direct investment should continue its rapid upward trend over the next few years, as more companies seek to transfer their products and services innovations to new markets, and acquire strategic international know-how and market shares, particularly in crisis-hit developed economies.<br />India Inc's foreign investments to rise in next few years<br />
  3. 3. Tata Motors will launch Aria a cross-over between a multi-utility and sports utility vehicle within a month. Unveiled at the Auto Expo and billed as a four-wheeler built for Indians by Indian engineers, Aria will compete with Toyota Innova and M&M's Xylo. The car is expected to be priced at about Rs 10 lakh. Aria would be launched within a month and the company is keen on cashing in on the festive season <br />Tata Motors to launch Aria within a month, may price it Rs 10 lakh<br />
  4. 4. Consumer goods firm, Dabur India Ltd will start adopting the franchise route for its retail stores 'Newu' and explore smaller format stores in order to expedite expansion. The company's subsidiary, H&B Stores Ltd that currently operates 22 'Newu' stores primarily in North India, is also looking to open up to 150 new stores in 2011-12 and enter in the western region.<br />Dabur to take franchise route to expand retail venture<br />
  5. 5. ZF Hero Chassis Systems, a joint venture between Hero Motors and Germany's auto component major ZF, with Suzuki and Honda to supply components in India. The company, which currently supplies axle assembly to General Motors India, will be investing Rs 100 crore to set up a new plant as part of an expansion strategy in India. <br />ZF Hero in talks with Suzuki, Honda to supply parts in India<br />
  6. 6. Targeting generation of 5,000 MW of power by 2020, aluminium major Nalco proposed to set up a mega thermal power plant in Orissa. A proposal from the navratna company came when Nalco's chairman-cum-managing director A K Srivastava met chief minister NaveenPatnaik. <br />Nalco proposes to set up power plant in Orissa<br />
  7. 7. Billionaire Vijay Mallya’s Mangalore Chemicals & Fertilizers has scrapped its Rs 500 crore ($110 million) plan to set up an Indian unit to sell fruits and vegetables saying the business isn’t viable. Unfortunately the retail sector, especially in fruits and vegetables, did not take off in a way it was estimated. <br />Vijay Mallya’s company scraps veggie retail plan<br />
  8. 8. Consumer durables firm Panasonic said it is looking at expanding its recycling programmes for other products, besides television in India in line with its global strategy to be a complete green company by 2018. The company's Indian arm Panasonic India had started recycling television voluntarily this year. <br />Panasonic looks to extend recycling programme for more items<br />