Weekend News

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Weekend News

  1. 1. Presentation on Economic Times <br />Tanvi Sharma<br />MBA-2C<br />
  2. 2. Levi testing Denizen market in India<br />Levi Strauss & Co’s opening moves to launch mid-market denim brand Denizen in India.<br />The Indian subsidiary is test-marketing the brand by converting the stores of its entry-level brand Levi Strauss Signature into Denizen.<br />
  3. 3. Continued……<br />
  4. 4. Notice to telcos offering services on phones without unique ID<br />All telcos will get notices for failure to shutout mobile services to customers whose handsets do not have a unique ID.<br />IMEI- International Mobile Equipment Identity.<br />Last year about 5% of India’s 500-million cellular users were estimated to be using such phones. <br />
  5. 5. Amway planning second facility in India<br />Amway India is planning to set up their second manufacturing facility in the country in South India.<br />For setting up the present manufacturing facility, the company has inked an agreement with Baddi-based vendor Sarvotham Care Ltd. <br />About 85 per cent of the Amway 's products are manufactured by SarvothamCare Ltd.<br />
  6. 6. Continued……<br />Amway India currently offers over 115 products in five categories:<br /><ul><li> Nutrition and wellness (29),
  7. 7. Personal care (14),
  8. 8. Home care (14),
  9. 9. Cosmetics (52),
  10. 10. Great value products (6). </li></li></ul><li>RIL completes deal for 60% stake in Marcellus Shale asset<br />Reliance Industries Ltd. has announced the completion of its deal to acquire a 60 per cent stake in the Marcellus Shale gas asset in the United States for $ 392 mn.<br />Reliance Marcellus-II Llc, had signed a definitive transaction agreement to enter into a Marcellus Shale joint venture with US-based Carrizo.<br />Under the agreement, Reliance paid $ 340 mn in cash to acquire a 60 per cent stake in the Marcellus shale gas acreage held by Carrizo Oil and Gas Inc and its partner.<br />
  11. 11. Thank You………<br />

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