Consumers have reduced their purchase basket and are clamouring for discounts. It&rsquo;s not a seller&rsquo;s market, finds out an IMRB retail trade confidence survey.

Slower trade, smaller packs

Business Standard

The premier department store chain is making rapid moves to get a bigger share of the customer's wallet.

Shoppers Stop changes gear

German luxury car manufacturers, Mercedes Benz and BMW, will soon venture into the used car business in the country. While Mercedes, which has been in India for more than a decade, is announcing its plans for used cars today, BMW is expected to follow suit in a couple of months.

Merc, BMW to debut in used car business

Spare a thought for every bloke who goes by the weary name of consumer these days. He is faced with a mountain of tweets, Facebook updates and ever increasing iPhone Apps besides having the onerous task of ploughing through never ending hoardings, ads, TV commercials and pop-ups on his desk top.

Just One Thing

Some smart moves and course corrections have helped ICICI Prudential turn profitable.

Turbo turnaround

The Indian market for electric cars is still nascent.

KIT: The electric car market in India

The Indian Institutes of Management (IIMs) have historically had a minuscule representation of girls. This year, however, things are set to change. With the intention of creating more global and Indian women business leaders, IIMs have admitted a record number of girl-students for their flagship post-graduate programme (PGP).

Girl student count at IIMs set to increase

IIM- Ahmedabad (IIM-A) has decided to set up a satellite campus near Hyderabad. A decision to this effect has been taken B-school&rsquo;s board meeting held on June 24, according to government officials.

IIM-A to set up seamless campus in Hyd, says AP govt

The Indian Institute of Management, Ahmedabad (IIM-A) has finally agreed to set up a satellite campus near Hyderabad. The decision was taken at a board meeting of the premier B-school on June 24, according to government officials.

IIM-A to set up satellite campus near Hyderabad

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    Who coined the term newsmagazine?&nbsp;
    Henry Luce and Briton Hadden, founders of the Time magazine&nbsp;
    &nbsp;
    What is common to a chandelier made of Swarovski crystals at the JFK airport and Puma shoes?
    Yves Behar, the designer&nbsp;
    &nbsp;
    Why has the book Winnie-the-Pooh been in the news of late?&nbsp;
    Winnie-the-Pooh is being retrofitted into all iPads sold by Apple because it is Steve Job&rsquo;s favourite book&nbsp;
    &nbsp;
    Which

Answers to last week's quiz (#146)

Fair &amp; Lovely, the largest selling fairness cream in the world, has just gone in for a makeover. The Rs 1,100-crore brand of Hindustan Unilever now sports a new look, packaging and positioning.

Fair & Lovely goes in for facelift

Piruz Khambatta is dismissive about competition. The Chairman and Managing Director of Rasna, which has a whopping 97 per cent market share in the concentrated juice market, says his only competition is water, and nothing else.

Will Glucovita shake up Rasna?

ITC Foods has achieved scale, built brands and turned profitable.

Fast-moving food business

Bajaj Corp plans to extend the hair-oil company into other personal care categories.

Stretching out in a tight space

Cute is out and naughty is in. Just ask Rasna. The company, which for years relied on innocence to sell, has now repositioned itself as a bolder and naughtier option. In line with that, the company has changed its &lsquo;I love you Rasna&rsquo; positioning to &lsquo;Shararat ki ek ghoont&rsquo; (one sip of mischief).

Summer mischief

To be set up under the PPP model, the 20 institutes will offer undergraduate, masters and PhD programmes.

Govt to open doors for IIITs

When telecom equipment maker ZTE first set base in India in 1999, it faced a problem common to Chinese companies: The general suspicion that their business practices were somehow devious and their &ldquo;cheap&rdquo; products flawed. A decade later, this little-known Shenzhen-headquartered company, which operates in a highly price- and technology-competitive market, has moved up from being India&rsquo;s tenth-largest player to the fifth-largest (Ericsson, Nokia, Nokia-Siemens and Huawei precede it). It accounts for the lion&rsquo;s share of CDMA networks run by state-owned BSNL, Reliance Communications and Tata Teleservices, and, in the past year and a half, has bagged orders from several of the new licencees. So much so that India has become ZTE&rsquo;s largest overseas market.

Scaling the Chinese wall

NIIT University recently launched its MBA programme called NU-MBA and commenced admissions for its first batch. The programme, which NIIT touts as the &lsquo;new age MBA&rsquo;, aims to groom the new age CEO for 2020 by imparting holistic training in a broadbased intellectual environment, according to Rajendra Pawar, founder of NIIT University. Kirtika Suneja caught up with him to know more about the programme and progress of the university that was launched in September last year.

'We will offer what a knowledge society needs'

Bangalore-based Indian Institute of Science (IISc) has confirmed that its second campus will come up in Kundapur village of Chitradurga district in Karnataka. The institute added it is still deliberating over the proposal received from the Andhra Pradesh government for a campus and has not yet taken a call on whether it will look at a third campus.

IISc's second campus to come up in Karnataka

Philips has inked a five-year deal with Videocon Industries to market its televisions in India. According to the deal, Videocon will make the TVs according to the specifications and standards of Philips. On the financial side, Philips will get a royalty; the profit or loss in the business will go to Videocon.

Philips: Tube talk

Hundreds of students, who get admitted to the two-year post graduate programme (PGP) at many Indian Institutes of Management (IIMs) this year, will have the stamp of approval from alumni of the respective institutes.

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