eCONOMIC TIMES NEWS

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eCONOMIC TIMES NEWS

  1. 1. Weekly Et NEWS<br />Ritesh Abrol<br />MBA- 2(c)<br />
  2. 2. Bisleri boss RameshChauhan plots new rags-to-riches story<br /><ul><li> Mr Chauhan built a partnership with rag pickers, announced attractive prices for PET garbage, commissioned collection centres, purchased about 5000 kg every month, processed it and sold it to companies like Reliance Industries.
  3. 3. His intervention birthed an entire PET recycling ecosystem that now collects about 1,200 tonnes of PET waste from Mumbai’s streets every day, according to industry estimates.
  4. 4. Another 700 tonnes are collected from the rest of Maharashtra. </li></li></ul><li><ul><li> After the success of this pilot project, Mr Chauhan is now replicating it nationally. He has charged his army of 1,500 distributors and 2,300 odd sales staff across the country with the responsibility of seeding and setting up similar PET waste recycling ecosystems in their geographies.
  5. 5. The total organised bottled water market is estimated to be about `3,000 crore and is growing at 30% annually. Bisleri has a 60% market share. It’s a `10,000-crore market, including the unorganised sector.
  6. 6. PET waste can be recycled into carpets, car parts, fabrics, Fiberfil (for products like pillows and jackets), and also for roads where the recycled plastic is mixed with asphalt. The PET powder enhances the bonding ability of asphalt which strengthens the roads. </li></li></ul><li>Maggi losing instant noodles market share in India to new entrants<br /><ul><li>Maggi instant noodles, foods major Nestle’s flagship brand that has dominated the Indian instant noodles market for nearly three decades, is losing market share on a monthly basis to newer entrants such as GlaxoSmithKline’s (GSK) Horlicks Foodles, Hindustan Unilever’s (HUL) Knorr Soupy noodles, Big Bazaar’s Tasty Treat, Top Ramen and several other smaller players.
  7. 7. Market share fallen from 90.7% in December 2009 to 86.5% in July 2010.</li></li></ul><li><ul><li>Maggi's instant noodles' value market share has fallen across the east, south, north and west zones for the same period.
  8. 8. Maggi’s market share is certain to get impacted , but add that Nestle has the potential to expand the Rs 1,300-crore instant noodles category – which itself is growing at a rapid 15% annually.</li></li></ul><li>Coke enters dairy segment with Maaza Milky Delite<br /><ul><li>A blend of mango pulp and milk, Coke would test market Maaza Milky Delite for two months in Kolkata before launching it nationally.
  9. 9. The product, priced at Rs 15 for a 200-ml pack, would be made available across 3,000 outlets in the city.
  10. 10. This is Coca-Cola’s third fruit-based beverage product after Minute Maid Pulpy Orange and Minute Maid Nimbu Fresh, which it launched in 2007 and 2010, respectively.</li></li></ul><li><ul><li>While 48% of the fruit-based drinks market in India is dominated by Nimbu, the share of mango is estimated to be at 23%. However, branded juices have only a 4% share of this market.
  11. 11. It’s also estimated that over 2.5 billion unit cases of dairy are consumed in India every year. Coca-Cola is, thus, trying to bring together two items that Indians have been consuming for years.
  12. 12. Coca-Cola has milk-based products like Nutiboost in China, and other products in Vietnam, Brazil and the US. But these products are vastly different in nature from Maaza Milky Delite.</li></li></ul><li>Panasonic to invest Rs 1400 crore on India<br /><ul><li>Electronics consumer durables major panasonicInda plans to</li></ul> invest Rs 1400 crore over next 3 years to establish itself as home<br /> appliance leader in the country.<br /><ul><li>The company will spend this amount in setting up a techno park</li></ul> in north India.<br /><ul><li>Panasonic has always been associated with TVs & digital camera.
  13. 13. Panasonic is launching its “ Camera to couch” 3D solution.
  14. 14. Panasonic have 48% share of the 3.8 million flat TV market.</li></li></ul><li>Apollo Hospitals plans 11 new hospitals in 2 years<br /><ul><li> Apollo Hospitals Enterprise Ltd plans to invest Rs 18 billion to set up 11 hospitals in the country over the next two years.
  15. 15. There min focus would be India, where 90% of their capital would be utilized.
  16. 16. No immediate plans to partner the Mayalsian government fund khazanah, which owns more than 12% of Apollo, in South-East Asia operations.</li></li></ul><li>Thank you<br />

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