2. COKE V-P Pendurkar to sit at head of Kellogg’s India Table SangeetaPendurkar, VP-Coke(strategy and commercial beverages) taking over as MD of Kellogg’s India in two months. Ms Pendurkar to replace AnupamDutta(relocated to South Africa). In coke she steered the revamp of company’s Georgia tea and coffeeand extending coca cola’s juice brand Minute Maid to Nimbu Fresh
3. AMWAY planning second facility in India Amway India a direct selling FMCG, company plans to set up its second manufacturing facility in the country in South India. It would help the company to boost its sales and increase its product range. The company is a 100% subsidary of US based Amway corp and has witnessed 25% year on year growth in its revenues.
4. IT companys face tough times as US firms put off orders AMERICA’s worsening economic climate could end up hurting the fortunes of india’s $50 billion outsourcing industry as US start avoiding overseas contracts fearing a backlash. Large banks and manufacturing companies in the US are wary about the demand for their products and have been trimming their payroll in order to boost profit
5. Reducing software piracy can inject $142b into global economy Reducing software piracy by 10% points in 4 years would inject over $142 b into the economy and create nearly 500,000 jobs and generate close to $32 billion in tax revenues. BRIC markets could add nearly 328,000 new jobs, almost $29 b in new spendings.
