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News

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News

  1. 1. News
  2. 2. Traser Watches to make India debut next year  Swiss Watch brand Traser, known for its permanent illumination technology, is likely to enter India next year in partnership with watch retail chain, Ethos.  Chandigarh-based Kamla Retail Ltd that runs 24 Ethos stores to sell fashion and luxury Swiss watches is in the process of tying up with Traser to become its exclusive retailer in India.  Traser watches come with its unique 'gaseous tritium light' technology that makes the dials glow permanently.
  3. 3. Nestle ups stake in Indian arm  Nestle, the world’s largest food company , has increased its stake in its Indian arm by 0.8% and has increased its stake in Nestle India to 62.76%.  In the long-term, there is a possibility that the company could delist from Indian exchanges to capture the full potential of the Indian growth.  Nestle’s holding in local arm is the highest among its peers — Unilever holds 52% in Hindustan Unilever and GlaxoSmithKline owns 43% in GSK Consumer Healthcare India
  4. 4. Cadbury to start producing Kraft Foods' Tang in India  Cadbury will start local manufacturing of parent Kraft Foods' orange drink Tang.  It will also embark on a capacity expansion for its confectionery products.  Earlier Tang was being imported from Thailand and now will be produced at Kraft's Hyderabad plant.  Cadbury India came under the Kraft Foods fold after the US-based firm acquired British candy maker, Cadbury Plc for $19.6 billion.
  5. 5. Nissan to unveil diesel variant of Micra in India  Nissan Motor India Limited will unveil the diesel variant of its Micra compact hatchback car in December second week.  India will be the first country to have the 1.5-litre K9K diesel version of Micra hatchback with intelligent key, immobilizer, a push-button engine start-stop system and electric foldable mirror.  Nissan formed the 50:50 joint venture with French automaker Renault to set up a manufacturing plant at Oragadam near Chennai.
  6. 6. Centre bans anti-obesity drug due to side effects  The government has banned manufacturing and sale of anti-obesity medicine Sibutramine and its combination drugs sold under various brands due to side effects .  The Drug Controller General of India committee was formed to look into the matter, after US-based Abbott Laboratories withdrew its brand from the local market.  Sibutramine is the third drug used for treating diabetes and obesity that has been banned in India in the past two years.

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