GM India plans to invest $300 million over the next two years to launch six new products including a compact car, sedan, multi-utility vehicles, van and pick-ups. SKNL is undertaking a repositioning exercise for its apparel brands Reid & Taylor and Belmonte, which has seen growth in the Indian market, and has invited up to five advertising agencies to pitch brand campaigns. Tata Power aims to generate at least 25% of its power from clean sources like wind by 2017, and will invest around Rs. 5,000 crore in wind energy alone to increase capacity from 200MW currently to around 8,000MW by adding 100-150MW annually through 2017.

1. S H R U T I S H A R M A
M B A 2 ( C )
ET NEWS (15th Nov. to 21st
Nov.)

2. GM India to invest $300 mn in two
years
Passenger car-maker GM India has drawn up plans
to invest $300 mn in the next two years. GM is
investing $300 mn in the next two years for
launching six new products.
The new products would comprise a compact car, a
sedan, multi-utility vehicles, van and pick-ups. The
company had tied up with a consortium of banks for
funding the required investment.

3. SKNL to reposition its apparel brands,
starts ad agency pitch
Apparel and textile firm S Kumars Nationwide Ltd
(SKNL) is undertaking a re-positioning exercise for its
apparel brands, including Reid & Taylor and Belmonte.
This is in keeping in tune with the growth witnessed by
the labels in the Indian market.
As a part of the exercise, the firm has invited pitches
from up to five advertising agencies for each of the
brands to carry out campaigns.
The company is likely to finalise contracts by the end of
this calendar.

4. Tata Power to invest around Rs 5,000 cr
in wind energy by 2017
Ratan Tata-led Tata Power aims to have at least a 25 per cent
of its power generation or around 8,000 MW from clean
sources by 2017 and will invest around Rs 5,000 crore in
wind-energy alone, a top company official said.
The company, which presently has a little over 200 MW of
wind capacity, plans to give a strong thrust to wind-energy as
it is the most commercially viable and established form of
renewable energy.
The company is presently in the process of rolling-out 150
MW and an additional 750-800 MW will be added at the rate
of around 100-150 MW annually through to 2017.

5. Crompton Greaves develops high-
range power product
Crompton Greaves Ltd (CGL), part of the USD 4
billion Avantha Group, today said it has become the
world's first company to develop high-range power
product -1,200 KV capacitive voltage transformer
(CVT).
Earlier, China had established the commercial 1,100
KV system successfully. Now, Crompton Greaves has
come out with 1,200 KV transformer, becoming the
first company in the world to develop such a high
range power product.

6. Dr Reddy's gets FDA nod to
launch anti-asthma tablets in US
Drug firm Dr Reddy's Laboratories said it has
received approval from US health regulator to launch
generic Zafirlukast tablets, used for treating asthma,
in the American market.
The approval by the US Food and Drug
Administration (USFDA) for its abbreviated new
drug application (ANDA) for Zafirlukast tablets
follows a favourable court judgment in the patent
infringement case filed against it by patent holder
Astra Zeneca.

7. Coming winter to be best season
in three years for hotels
The Indian hotel industry is on a rebound with top
bracket hotels in major cities and leisure destinations
reporting a surge in demand, and in certain cases, a rise
in hotel rates, for the ongoing winter season, driven by
corporate bookings and a surge in international visitors.
Hoteliers say the bookings for the winter season bettered
their expectations to make it their best October-February
season in three years and that the industry is on an
upward cycle that will peak in 2012.

8. Cont….
Room rates and occupancy levels are yet to match
2007-08 figures, but there are clear signs of a pick-
up in business and tourist activity in the country
after a slowdown following the Mumbai terrorist
attack in November 2008. Domestic airlines too
have reported a jump in demand and have hiked
airfares.