2.  Dubai-based Pure Gold Jewellers plans to invest nearly
Rs 1,000 crore for setting up 200 stores in India in the
next five years.
 Currently, the company has eight stores in Mumbai
and Pune and nearly 75 outlets in the Middle-East.
 Their initial strategy will be to concentrate on
strengthening base in Maharashtra.
 Thereafter their target will be the north and south and
eventually all over India by 2011.

3.  Personal care products maker Godrej Consumer
Products Ltd is merging its unit Godrej Household
Products Ltd with itself.
 The merger has been effective since April 1, 2010, post
the acquisition of the the remaining 51 percent stake
in Godrej Sara Lee, owned by its joint venture partner
Sara Lee Corp .
 Following the acquisition, Godrej Consumer has
become the largest homegrown household and
personal care company in India and second largest
household insecticides company in India.

4.  World's largest carmaker Toyota has appointed music
maestro AR Rahman as its brand ambassador for its India
specific car Etios.
 Etios, that would come in both hatchback and the bigger
sedan version, has been specifically developed for the
Indian market.
 Toyota’s Bangalore-based subsidiary Toyota Kirloskar
Motors is aiming to sell 70,000 units of Etios in the first year.
 It is eyeing about 10% market share of the Indian car
segment by 2015.

5. • South Korea-based $7-billion textile chain E-land is acquiring
Mumbai-based Mudra Lifestyle.
• The South Korean major has agreed to buy a minimum 51%
stake in the company, which can go up to 67% after the open
offer.
• The promoters of the company—the Aggarwal family—
currently hold a 54.5% stake.
• E-Land group is a Seoul-based fashion and garment
conglomerate with substantial presence in the fast growing
Asian markets.

6. • The Reserve Bank of India divested its stake amounting to Rs
1,430 crore in National Bank for Agriculture and Rural
Development (Nabard).
• The Government of India now holds 99 per cent of the
stake.
• Earlier Reserve Bank held 72.5 per cent of equity in
Nabard.
• Now, the only major institution where RBI holds a stake is
National Housing Bank (NHB). The central bank hold 100
per cent stake in the housing finance regulator.

7. • The Reserve Bank of India divested its stake amounting to Rs
1,430 crore in National Bank for Agriculture and Rural
Development (Nabard).
• The Government of India now holds 99 per cent of the
stake.
• Earlier Reserve Bank held 72.5 per cent of equity in
Nabard.
• Now, the only major institution where RBI holds a stake is
National Housing Bank (NHB). The central bank hold 100
per cent stake in the housing finance regulator.