Nokia lost 20% of the Indian mobile market share in the first six months of 2010 due to increased competition from cheaper brands like Micromax and Lava. Nikon plans to increase India's contribution to its revenues from the current 1% to 5% in the next three years by launching new TV commercials and expanding its retail outlets in India. Tata Steel decided to replace the Corus brand name with the Tata brand and logo after acquiring Corus for $12 billion in 2007. Wal-Mart plans its biggest acquisition in over a decade by buying Massmart Holdings for $4.6 billion to enter the African market. IBM will provide IT infrastructure to Airtel to support 500 million customers globally, replicating

1. 6th Weekly News

2. NOKIA loses 20% market in six months Nokia failed to keep pace with Rs. 30,000 mobile market in india, has seen market crash close to 20% in the first six moths of 2010. Finnish company accounted for only 36.3% handsets sales in india due to growing competetion from new mobile makers, micromax, spice, lava etc.

3. NIKON to capture more market share Japanese imaging product company NIKON plans to increase India’s contribution to 5% in the next three years from the current 1% . Nikon will launch its new television commercial in india from this weekend. Nikon is targetting 1800 retail outlets for in-store branding.

4. Corus logo to make way for Tata steel brand Tatas have decided to replace the Corus name with Tata brand and logo Corus joined Tata Steel family on April,007 after the jamshedpur based steelmaker paid $12 billion.

5. WAL-MART eyes Africa with $4.6 billion deal Wal Mart stores the world’s largest retailer plans to buy Massmart holdings for $4.6 billion entering Africa in its biggest deal in more than a decade. Massmart shares rose as much as 16.68 rand to 151.43 rand and traded at 149.5 rand giving the company a market value of about 30 billion rand.

6. IBM to boost Airtel IT infra to service 500 billion customers US IT giant IBM will provide BhartiAirtel with an IT infrastructure that can support 500 million customers the globe. Earlier this month BhartiAirtel took the initial steps to replicate its hugely successful outsourcing model in Africa by awarding a $1.5 billion contract to IBM for managing its IT requirement across 16 countries.