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Monday, Nov 23, 2009
 
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'PepsiCo caters to both Indias'23-NOV-09
Whether it’s getting M S Dhoni and his boys to play a game of cricket with young fishermen in the backwaters of Kerala to promote ‘My Pepsi, My Way’, or constructing checkdams and recharge ponds in Paithan to create a recharge potential of over 700 million litres of water and promote its ‘sustainability’ strategy, PepsiCo India is doing it all. In an interview with Leslie D'Monte & Shahana Joshi, PepsiCo India Chairman Sanjeev Chadha explains the roadmap as the company is close to completing 20 years in India.
Sunanda K Datta-Ray: It's payback time21-NOV-09
Londoners were regaled recently with the spectacle of their former deputy mayor cleaning out a public lavatory wearing a bright fluorescent orange jacket emblazoned with the words “Community Payback”. It must have been even more exciting for viewers than Marie Antoinette in the tumbril on her way to the guillotine for it was not the end of the road for Ian Clement. He will soon return from the lavatory to face the music of daily life, when some of the real fun might start.
Gilani trails both Manmohan Singh and Osama on Forbes' list16-NOV-09
Pakistan Prime Minister Yousuf Raza Gilani trails both his Indian counterpart Manmohan Singh and al-Qaeda chief Osama bin Laden on the list of the world's most powerful persons complied by Forbes magazine.
GCPL: Well done14-NOV-09
A better reach in rural markets has helped both the soaps and hair colours businesses.
PPT signs pact with Essar for Rs 408 cr coal berth12-NOV-09
Paradip Port Trust (PPT) has entered into a concession agreement with Essar Paradip Terminals Limited for construction of a deep draught coal berth on Build, Operate and Transfer basis at the cost of Rs 408.80 cores. The berth will be completed in three years.
IVR Prime board gives nod to merge IVRCL's BOT arms10-NOV-09
The board of directors of IVR Prime Urban Developers Limited, the publicly-listed real estate subsidiary of IVRCL Infrastructures and Projects Limited, on Monday approved the amalgamation of the latter's intermediary holding companies – IVR Strategic Resources and Services Limited (SRSL) and IVRCL Water Infrastructures Limited (WIL) – with itself.
India Eco Summit: 'India at bottom half in man-woman equality index'09-NOV-09
India may be the world's second fastest growing economy but when it comes to man-woman equality the country figures among the worst performers at 114th among 134 countries on the World Economic Forum rankings.
Sical likely to set up iron ore terminal in Mangalore09-NOV-09
Sical Logistics Ltd has received Letter of Acceptance (LOA) from the New Mangalore Port Trust for setting up an iron ore handling facility at the deep draft multi purpose berth on BOT basis at New Mangalore Port. The Concession Agreement was signed recently between the Board of Trustees of New Mangalore Port Trust and Sical Iron Ore Terminal (Mangalore) Ltd (an SPV arm of Sical).
Riding the bottom07-NOV-09
BA: British Airways has become one of those companies that is trapped in an endless restructuring. Over the years, the UK airline has undergone successive rounds of cost cuts. The need for yet more is as urgent ever. Sales fell 14 per cent in the first half of BA’s financial year, but costs were not removed fast enough to avert a record pre-tax loss of £292 million. And that was in the normally buoyant summer months.
Bottoming out06-NOV-09
The trade numbers for September 2009, released earlier this week by the Ministry of Commerce and Industry, broadly conform to the trends that are visible in the global economy. The year 2008-09 was a sharply differentiated year for exports. From April-September 2008, exports grew by over 20 per cent year-on-year. By sharp contrast, they dropped by over 20 per cent year-on-year during the October 2008-March 2009 period. Given the state of the global economy in the first half of 2009-10, the high base of the previous year would have been expected to result in rather sharp declines during the current year, and so it was. During April-September 2009, exports declined by almost 30 per cent in dollar terms. However, tracking the turnaround in major destination economies, the rate of decline has been gradually easing off. It fell below 20 per cent last in August and has come in at 13.8 per cent in September.
ZBOT Trojan creates havoc05-NOV-09
With e-banking attacks and threats to users’ bank accounts and passwords on the rise, cyber analysts have detected a Trojan associated with e-banking, which specifically targets small businesses.
All that glitters...05-NOV-09
The purchase of 200 tonnes of gold by the Reserve Bank of India (RBI) from the International Monetary Fund (IMF) for $6.7 billion has evoked a rather sentimental response in this country. The memory of the 67 tonnes of gold that was pledged to the Bank of England in 1991 as India struggled to find its way out of a severe balance-of-payments crisis still rankles. Almost 19 years later, the country’s ability to buy three times that amount with barely a ripple being caused in its $285-billion foreign exchange reserves is a huge vindication of all the things that various governments have over the years done to reinforce and consolidate on the reform process that was initiated in the aftermath of the 1991 crisis. Well, perhaps a little bit of sentimentality is appropriate, but this is also an opportunity to look back over the past two decades and reflect on whether the reform process delivered on its promises.
IVRCL to merge BOT arms with IVR Prime31-OCT-09
City-based infrastructure major IVRCL Infrastructures and Projects Limited is in the process of demerging its intermediary holding companies – IVR Strategic Resources and Services Limited and IVRCL Water Infrastructures Limited – and amalgamating them with its publicly-listed real estate subsidiary IVR Prime Urban Developers.
MCX Stock Exchange targets bottom of the pyramid28-OCT-09
The MCX Stock Exchange (MCX-SX), which is still some distance away from launching trade in equities, has already drawn up a strategy to lower costs significantly to take on established players.
ISTPL eyes Rs 75 crore revenue by FY 201127-OCT-09
Ircon Soma Tollway Pvt Ltd (ISTPL), a 50:50 Joint venture between Ircon International and Soma Enterprises, has finally started commercial operation by making its toll-booth on NH-3, near Chandvad (in Nashik district), operational.
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