Gucci ties up with Murjani

Gucci will enter India via tie-up with the New-York-based Murjani Group which is famous for brand marketing,developing and launching designer labels such as Coca-Cola Clothes and Gloria Vanderbilt. Gucci is planning to open exclusive outlets in Mumbai and Delhi by 2007.

Gucci has many brands including Yves Saint Laurent, Boucheron and Sergio Rossi, and distributes its products through outlets, franchisee operations and departmental stores.

Royal Time Machine boosts Heritage Tourism in India

Luxury tourism in India gets its brand ambassador

The Royal Time Machine to boost Heritage Tourism in India

Ultra luxurious mobile royal palaces to ply Delhi roads

The Royal Time Machine - ExteriorIn an unprecedented endeavour to promote India’s heritage tourism amongst travelers worldwide who seek the most luxurious of experiences, TRTM Tourism Private Limited, a privately owned luxury travel and hospitality company, has announced the launch of ultra-luxurious fleet of specially customized vehicles called The Royal Time Machines for the intra-city tour segment. These vehicles have been exclusively designed to convert them into mobile royal palaces, which offer a unique blend of the royal ambience of the bygone eras and the hi-tech modern amenities. The Royal Time Machine will have regular morning and evening tours apart from the facility of customized tours for specific groups based on their interest.

Said Ms. Suparna Chopra, Promoter, The Royal Time Machine, “Travelers today are seeking experiences that they can cherish through their lives. The Royal Time Machine aims to provide such a commemorative regal experience showcasing India’s rich cultural heritage the way it hasn’t been showcased to the world ever before.”

The Royal Time Machine has launched 2 of its vehicles for Delhi in the first phase of the project and plans to expand the service to cover the golden triangle by next year. The planned investment in the project is to the tune of Rs 40 crore over the next 5 years.

Said Ms. Shivani Chopra, Promoter, The Royal Time Machine, “Our research shows that there is a huge gap between the demand and supply of quality services in the intra-city tours segment. We aim to capitalize upon the opportunity and tap on the inherent latent potential of the market.”

The Royal Time Machine - Interior (2)Originally meant to be 55-seaters, The Royal Time Machines will accommodate not more than 19 people so as to provide the best of comforts to its customers. Complete with plush interiors and a host of world-class amenities, The Royal Time Machine will enable the high-end tourists to travel through time and revisit the golden era in the ambience of royal luxury.

The Royal Time Machine - Interior (1)The Royal Time Machines will have two different themes of the Rajput and the Mughal periods. The interiors of The Royal Time Machine give the glimpse of that era with paintings, chandeliers, hukkas, surahis and lamps etc. The entire staff is dressed in styles reminiscent of that period to create a truly royal experience!

The Royal Time Machine has on board a number of modern amenities for its customers, the kind that are expected from a 5-Star hotel in the city. These include:

In short, anything and everything that might be required by the discerning traveler would be available on-board. The Royal Time Machines would stop at the relevant monuments and archaeological sites in the city for a guided tour, which would be offered in different languages based on the convenience and the preference of the clientèle.

Some of the historical monuments that will be covered by The Royal Time Machine include Red Fort, Qutab Minar, Lodi Gardens, Safdarjung Tomb, Humayun’s Tomb, Lotus Temple etc. The evening tour will also feature a folk and classical program.

The Royal Time Machine tour packages are priced at USD 160 for the morning tours and USD 165 for the evening tours. The fee will include all the costs associated with the tour including entry fee to the monuments, drinks and snacks on board, service charges and applicable taxes. Desiring travelers can make the advance booking either by logging on to The Royal Time Machine’s website - or through their associate partners and tour operators.

About The Royal Time Machine
The Royal Time Machine is the name given to an ultra-luxurious fleet of specially customized vehicles for intra-city tours introduced by TRTM Tourism Private Limited, a privately owned luxury travel and hospitality company belonging to an eminent business group set up in 1984 with diverse business interests that include companies like Energy Projects India Ltd., Fuji Industries, S&S Silks, Indo Computer Services, Indo Medicor Ltd., MEI Builders Pvt. Ltd., OCG Properties Pvt. Ltd., S.C.S.L Buildwell Ltd. The group is promoted by the alumnus of IIT-Kharagpur and IIM-Ahmedabad.

India has always been popular amongst travelers worldwide for its rich culture and heritage and The Royal Time Machine aims at alleviating the quality of services currently on offer in the city tours segment of the Indian travel and tourism industry. An innovator and a pioneer in the intra-city tours segment, The Royal Time Machine will initially showcase Delhi’s rich cultural inheritance to a worldwide audience through a never-before offered kind of experience.

That’s what we call India Luxury Tours in style!

Mantra Healing

Dr. Shivani is an accomplished Physician and through her vast knowledge in Ayurveda, Mantra Healing and Counseling, she has been helping companies, corporate/government entities, parents, students, and individuals achieve enhanced control over the outcome of the unique situations they face everyday of their existence and lead a happier and healthier life through holistic therapy.

Under the guidance of Dr. Shivani, the experienced team of mantra healers, capitalises upon the vast and ancient knowledge base we have inherited from our ancestors and utilise it in diagnosing and providing holistic therapy solutions to people’s personal and professional problems.

CubeCart eCommerce 3.0.x

CubeCart eCommerce 3.0.x

Features of CubeCart 3.0.x
CubeCart 3 supports 99% of the features available in version 2 with the following additions.

Features of CubeCart 2.0.x:

Previous Features: (Also included in current version)

Buy Gizmos Online

India’s leading marketer of gizmos has set up its online mall for buyers interested to buy gizmos online.

The online shop has Mp3 Players, MP4 Players, Bluetooth devices, Card Readers, Watches, USB Devices, Pen Drives and multiple other gadgets.

Gizmoz is the ultimate destination for people interested in cool gadgets and zany gizmos!

Check their online store today!

Event Management

Event management is the new buzzword on the media, glamour and education circuits. It is no longer something done once in a while by the public relation guys. Now, most events are organised by an event management company, with experts taking care of each little details – right from the colour scheme at the venue to the food and drink catering, and the amusements and contests lined up for guests.

Orane is an event management company in Delhi. It provides event management services related to seminars, sports events, exhibitions, corporate events, and other events.
It is well respected amongst its customer because of being a thoroughly professional event management agency.

Sony Ericsson Gets Hrithik Roshan as Brand Ambassador

The success of ‘Krrish’ and ‘Dhoom 2’ has boosted the brand equity of Hrithik Roshan and he is once again becoming the favourite for the advertising world with increasing numbers of brands coming his way for endorsements.

The recent world cup debacle of Indian Cricket Team must also prove to be a boon to him and many other top shots from the Bollywood.
After Tata Sky and Acer, Hrithik has now been roped in by Sony Ericsson as its brand ambassador for India and the SAARC countries.

Sony Ericsson has signed him hoping to strengthen its position in the market as a leading lifestyle brand. The actor will endorse all Sony Ericsson products and will be part of the company’s marketing initiatives.

Tata Is India’s Most Valuable Brand

This interesting story talks about the success and the recent valuation that has enabled Tata to prove itself as the top brand in India.

Tata Sons Executive Director R Gopalakrishnan on Saturday said that The Tata brand had been valued at $5.5 billion (nearly Rs 24,200 crore). Diversified conglomerate Tata is be the country’s most valuable brand.

Wow… that’s a cool sum that Tata has been evaluated at :-)
The story also concludes by mentioning that

Mukesh Ambani controlled Reliance Industries is India’s most valued firm in terms of market capitalisation.

I bet that Mr. Ambani wouldn’t be so happy at the second rung… wad’ya say guys? ;-)

Student Loan Debt Consolidation

Student Loan Consolidation

Student Loan Consolidation is a practical repayment management option to bundle all of the federal student loans a student has received to finance his college education into one.

When a new loan is issued to the student, the lender (bank in most cases) typically pays off the outstanding balances of the loans consolidated.

In essence, the student gets a refinance on his college education debt. However, loan consolidation isn’t only for students, either. Their parents can consolidate loans to save just as much money each month as their kids.

Refinancing can significantly reduce the monthly payment burden by stretching your repayment period from the standard 10 years to up to 30 years, depending on the amount that is owed.

If you have graduated and want to lock in the current, low rates before they change, consolidate your student loans immediately!

Tags: finance, business, credit, money, college, loan, education, consolidation, loans, debt, student, bank, financing

FireFly Interior Design Firm

This post on the official SEO blog of Creativatorz Web Design India reports the launch of the website of their latest client, FireFly Design Inc.

FireFly is a new york based interior design & decoration company with a strong portfolio.

Testimonials from their customers are a proof of the quality of services provided by the company.

Helicopter Service for Amarnath Yatra 2006

This post on the official SEO blog of Creativatorz Design Consulting reports the launch of the website of their latest client, Himalayan Heli Services Pvt. Ltd.

The company offers Helicopter Service for Amarnath Yatra 2006 , which is expected to last for two months.

The annual pilgrimage to the Amarnath cave shrine, beginning from June 11, would last till August 11, 2006, and that the passage to the shrine would be through Baltal, Sonmarg and Pahalgam.

Web Architects Talent Hunt

This post reports the launch of the search for the Web Architects of tomorrow!The web architects talent hunt is supposed to be the search for trainee web architects for the Kanpur office of Creativatorz Design Consulting.

Uni-Tea (India) launches its web site

Uni-Tea India, one of India’s leading tea manufacturer has launched its official website recently. The Uni-Tea India website is supposed to be an interactive platform between Uni-Tea India and its various target audiences worldwide.

Uni-Tea (India) is an ISO 9001 : 2000 certified company and one of the leading tea, spices and Energy Drinks Manufacturer & Marketer in India. Uni-Tea’s products are distributed around the country. Uni-Tea (India) also export its products and are working towards expanding its market base in many countries worldwide. Uni-Tea (India) is on the lookout of new distributors/dealers in unrepresented regions both in India and abroad.

Uni-Tea (India) started its tea blending, packaging and marketing activities under the present name, Uni-Tea (India) in the year 1995. Earlier the company was run by the name ‘Talwar Traders’ for about 25 years. Read More…

Making News by Uday Sahay

Uday Sahay, an IPS Officer and the present Deputy Director General and Chief Vigilance Officer of Prasar Bharati, New Delhi, India, has recently had the launch of Making News, a handbook conceived and edited by him that brings together essays by eminent Indian media personalities based on their first-hand experiences.

Read more about this visionary Media Observer.

Comprising articles by several veterans and emerging talents, Making News, the handbook has received praise from people like Sir Mark Tully and Robin Jeffery for its rich and multi-dimensional view of various facets of the Indian news media.

The writers include media bigwigs like Rajdeep Sardesai (CNN-IBN) • Vanita Kohli (Businessworld) • Chandan Mitra (The Pioneer) • Anubhav Tagore (The Times) • Raghu Rai (Photojournalist) • K.S. Sarma (Prasar Bharati) • Vir Sanghvi (Hindustan Times) • Sanjeev Srivastava (BBC) • Vartika Nanda (Parliament TV) • Chandra Kant Singh (JIMC) • Ajai Shukla (NDTV) • Alka Saxena (Janmat) • Navneet Anand (ToI) • Mrinal Pande (Hindustan) • Uday Sahay (Prasar Bharati) • Zia-Us-Salam ( The Hindu) • Shireen Sethi (Electronic Media) • Pavan Choudary (Author) • Suhel Seth (Equus Redcell) • S.Y. Quraishi (Secretary, GOI) • Arvind Sinha (CPIML) • Rajiv Kumar (Doordarshan) • Jyotsna Sahay (Freelancer) • Amit Kumar Sharma (JNU) • Alok Mehta ( Outlook Saptahik) • Sidharth Mishra (The Pioneer) • Rakesh Belwal (Addis Ababa University) • Neeraj Daftuar (PR) • Dinesh C. Sharma (Freelancer) • B.P. Sanjay (Media academician) • Sudhanshu Ranjan (Doordarshan) • Y.C. Halan (formerly with Financial Express) • Akshay Rout (AIR) • Sundeep Misra (Sports Journalist) • Kanchan Kumar (Media academician) • Ajmal Jami (NDTV)

Tata Salt India’s No. 1 food brand

Tata Salt is the No.1 food brand of India for the 3rd successive year . In the overall brands, Tata Salt maintained No. 5 position as the most trusted brand of India.

AC Nielson ORG-MARG conducted a survey for the most trusted brands of 2005 to identify the best brands for consumers. These brands are believed to provide quality and reassurance to consumers. Nearly 275 brands were evaluated in this survey.This ranking is based on the consumers brand experience and satisfaction.

Titan to launch new watch brand

Titan, one of India’s leading watch companies, will launch a new watch brand in the high-end category by next week within the price range between Rs. 10,000 - Rs. 35,000.

Other brands in India’s high-end watch market are Rado, Longines, Tissot and Tag Heuer.

Titan’s existing brands are Sonata, Raga, Fastrack, Nebula, Crown and Titan.

Titan also markets international brand Tommy Hilfiger watches in India.

S Kumar’s Reid & Taylor to set up 150 outlets

S Kumar’s speciality suitings division, Reid & Taylor, has aggressive plan to widen its retail presence by adding 150 new retail outlets across the country. Reid & Taylor is currently retailed from 21 stores.

S Kumar’s is currently on the look-out for prime acquisition targets to implement its expansion plans. The new outlets will mostly be exclusive franchisee stores, both stand-alone high-street outlets and in stores in the burgeoning malls in various cities across India.

Last year, the brand registered a 40% growth in revenues to contribute some Rs 250 crore in sales across the country.

Technorati Profile

Technorati Profile

Group MKM and RadiciGroup Joint Venture

Group MKM, Mr. MK Modi led conglomerate with diverse business interests, today announced that it has formalised a 40:60 joint venture with Italy based conglomerate, RadiciGroup, to set up a state-of-the-art manufacturing unit with an expected investment outlay of Rs. 50 Crores. The new entity was officially inaugurated at the PlastIndia 2006 in New Delhi and has Mr. MK Modi as its Chairman. The company will manufacture Engineering Plastics in India and will market its products in neighbouring countries like Sri Lanka, Bangladesh, Nepal, Pakistan, Bhutan etc. besides catering to the ever-growing demand for engineering plastics in the country.

Said Mr. MK Modi, Chairman and Managing Director, Group MKM, “We are pleased to announce the initiation of the new joint venture. The opportunities in this sector are immense as there is a huge gap between the demand and supply for world class engineering plastics in the country. We have had successful business relationship with RadiciGroup for years and the new venture adds yet another dimension to our association.”

Radici Plastics, a RadiciGroup’s company, which holds the rights to internationally acclaimed commercial brands like Radilon, Heramid, Radiflam etc. would allow the use of the same by the joint venture company, which will set up a local production unit to manufacture nylon engineering plastics with the expert know-how and brands of Radici Plastics.

Said Mr. Luigi Gerolla, CEO of Radici Plastics, “It is our pleasure to extend our relationship with Group MKM. We are extremely impressed by the group’s professionalism and expert insights into the markets in India and other countries in the Indian sub-continent. These markets have an immense untapped potential and we hope to capitalise on the same through this association. We are confident that our new joint venture will be able to provide us with the necessary leverage into these opportunities.”

The joint venture company aims at acquiring significant market share in the fast growing engineering plastics market in the region within the next three years through a combination of locally-produced materials and import of materials manufactured in Europe. Its mission will be to sell polyamide-based engineering polymers throughout India and its neighbouring countries.

About Group MKM

Group MKM is a Rs. 6.4 billion group having diversified business interests. The various business entities that are a part of Group MKM include immensely successful companies like Modipon Fibres, Modi Industries Ltd. Ashoka Mercantile Ltd., Sunrise Soya products, Exevo Inc. USA and Exevo India etc. These companies are active in various domains including paints, varnishes, vanaspati, exports, marketing, texturising, leasing, finance, agriculture products, information technology, business process outsourcing etc.

About RadiciGroup

RadiciGroup, a multinational currently operating in 15 countries, is one of the most globally-active Italian chemical groups. Its production focuses on chemicals and the synthetic fibres chain. With 45 production units and around 5,100 employees around the globe, the Group closed its 2005 financial year with a consolidated sales revenue around 1,100 million euros.
source: www.creativizt.com

World Phone Launches Economy Plan

World Phone – India’s leading category “A” Internet Services Provider, and one of the major players in Internet telephony solutions, recently announced the launch of its extremely innovative and affordable World Phone Economy Plan, which will enable consumers to call over 40 countries around the world for just Rs. 2.00 per minute! The customer gets 500 talk minutes to countries including the USA, the UK, Canada, Argentina, Australia, Austria, Belgium, Bulgaria, Chile, China, Denmark, France, Germany, Greece, Hong Kong, Hungary, Israel, Italy, Japan, South Korea, Malaysia, Mexico, New Zealand, Poland, Russia, Singapore, Spain, Sweden, Switzerland and Taiwan for a monthly subscription fee of Rs. 995/- per month!

Said Mr. Aditya Ahluwalia, Managing Director, World Phone, “We are trying to shrink the world and still keep it affordable for the consumers! Remaining true to our vision of making superior quality international calling solutions available to customers at affordable prices, our Economy Plan empowers our customers to place calls to a plethora of countries for an extremely affordable monthly subscription fee.”

Targeted at home users and small and medium sized businesses, the World Phone Economy Plan calls will be routed through the worldwide internet backbone leveraging World Phone’s high speed data networks spread across the country. More details on the World Phone Economy Plan may be accessed on World Phone’s website.

“World Phone is currently looking at expanding its customer base around the country, particularly in the home users and small and medium sized business segments. Our Economy Plan, backed by our world class technology backbone, will enable us gain a strong foothold in these segments,” added Mr. Ahluwalia.

With high profile corporate clients like HCL Technologies Limited, ICICI Bank Limited, Rose International, Interra Systems Pvt. Ltd., Hinduja’s, Ebix Software, Solutions Inc., Jet Airways and NIIT Ltd., World Phone is one of the leading Internet Telephony Services Provider in the Indian market.

About World Phone Internet Services Private Limited
World Phone is the first company in India to get ITSP license from Department of Telecommunications, Government of India. Currently the company provides a host of IT solutions like broadband connectivity, corporate VoIP solution and Internet calling cards to its clients like HCL, NIIT, Rediff.Com, Jet Airways, ICICI Bank, Ebix, Solutions Inc. etc. World Phone has a nationwide presence with corporate office in New Delhi and regional offices in Mumbai and Ahmedabad and associate offices in Hyderabad Bangalore, Kolkata and Chennai.

World Phone has the backing of WPI Group, Inc., a US corporation established by former senior executives of Fortune 100 Telecom companies in 1989. Over the years, WPI and its affiliate companies have specialized in consulting services for major Telecom and multinational clients, international premium rate call processing services, and established and operated Call Centers in over 40 countries throughout Central and Eastern Europe and Asia.

Hillstock Festival - State Of Mind

State of Mind, one of the leading Brand Communications Agencies in India is organising Hillstock Festival, a musical extravaganza in the hills of Kumaon. Details of the Hillstock are available here.

If you are interested in becoming a part of Hillstock, please get in touch with

Raul at 9313332103
State Of Mind at 91-1151633393.
email us at som.experience@gmail.com

Tata Motors july sales rises by 3.7 pc

TATA Motors today reported a growth of 3.7 per cent in total vehicles sold for July 2005 to 31,170 units from the previous corresponding sales of 30,057 units. Domestic sale of commercial vehicles increased by 5.6 per cent to 13,957 units.

Within that, sale of M&HCVs declined by 12.31 per cent to 8,011 units (9,136 units) but LCV sales increased by 45 per cent to 5,946 units. With 12,993 units sold, Tata Motors’ passenger vehicle sales declined by 15 per cent in July. Sales of the Indica fell by 22.7 per cent to 7,369 units (9,534 units) and that of the Indigo, by 5.92 per cent to 3,101 units (3,296 units). Sales of the Sumo and Safari however rose to 2,523 units (2,445 units). The brand’s cumulative vehicle sales for the year so far, was up 3.2 per cent to 118,666 units.

On the domestic front, total sale of commercial vehicles dipped by 3.59 per cent to 51,188 units (53,092 units) and that of passenger vehicles, by 3.3 per cent to 54,185 units. Exports for the period were up 128 per cent to 13,293 units, including a 169.3 per cent gain in July to 4,220 units (1,567 units).

Himalya bags Rs 5.50 Cr order from US FoodService

Himalya International Ltd has announced that it has received an order worth Rs 5.50 crore from US FoodService for supplying frozen stuffed mushrooms and baby potatoes.

The order is the first among the number of orders the company expects from US FoodService over the next two quarters. This order is for the east coast market of the US, and the shipments are expeceted to be completed before Thanksgiving in October.

Coke appoints Atul Singh as head of India division

COCA-COLA the leading cola brand has announced the appointment of Mr Atul Singh as the new President for its India division, replacing Mr Sanjiv Gupta. Mr Singh, at present the company’s East, Central and South China division head, is expecetd to take charge from September 1.

The departure of Mr Gupta, who had been on medical leave for several days now, had been anticipated after the brand hived off the bottling operations into a separate entity. As per the new structure, Mr John Ustas, who was heading the brand’s bottling operations in Norway and was appointed the CEO of Company-owned Bottlers (CoBos) in India early last month, will report to Mr Steve Buffington, Regional Director of Latin America and Asia for Bottling Investments.

Following the shake-up, Mr Gupta was left with the charge of the concentrate business, franchise bottlers and marketing operations. The Coca-Cola India division comprises India, Sri Lanka, Bhutan and franchisees, as well as bottling operations in India.

Ashok Leyland sales rises by 11.5%

ASHOK Leyland has reported a 11.5 per cent jump in its sales in July, compared with the same month last year.

The company sold 4,283 vehicles, against 3,839 in July 2004. Cumulative sales for the period April-July 2005 was 17,603 vehicles, 18 per cent higher than in the same period last year.

Mahindra & Mahindra launches Alfa

MAHINDRA & Mahindra Ltd (M&M) on Tuesday forayed into the 0.5 tonne-payload segment in three-wheelers by launching its Champion Alfa model. It is priced at Rs 1.12 lakh, ex-showroom, Hyderabad.

The brand has a 42 per cent market share in the 0.75-tonne payload segment, where main competition is from Bajaj Tempo’s Minidor. The diesel engine Alfa will compete with Piaggio’s APE and Bajaj Auto’s GC1000.

Cargo model sales had moved up from 37,000 units in 2003 to 93,059 units in 2005. South India accounted for 44 per cent of the relevant market, followed by the West with 27 per cent, the East at 22 per cent and the North with 11 per cent. Within South India, Andhra Pradesh was the biggest market with a 40 per cent share. M&M will be producing the Alfa at its Zaheerabad plant. It will be rolled out across the South and Maharashtra by October and be available nationwide by year-end.

Exide holds back Malaysian joint venture plan

Exide Industries Limited the leading brand in automobile battery segment has put on hold its proposed smelter plant for recycling lead from battery scrap through a joint venture with the Malaysian Relcamation Industry.

The decision was taken in view of the downward fluctuations of lead price in the international market and reduction of duty on the metal, posing viability risk for the project. The lead acid battery major, which had planned to set up the smelter plant in central India through a JV with MRI, had almost finalised investments and capacity for the plant after the lead prices witnessed a steady increase.

Besides MRI, the company also had obtained a proposal from a Russian firm in this regard.
The brand would also have to chalk out a flaw-less logistics plan for collecting scraps from various locations.

Hutch launches regional service for Karnataka

With a view to increasing their subscriber base in the circle, Hutch one of the leading cellular service providing brands in India today announced the launch of content on the Voice Response platform in regional languages for subscribers in Karnataka.

Access and content on the Voice Response platform earlier available in English and Hindi will now be available in 3 more languages -Kannada, Telugu and Tamil besides English and Hindi. The regional content will include Caller Tunes, Ringtones, Jokes in regional languages and other offerings are to be launched shortly.

Bangalore and the Karnataka circle has seen some of the largest growth in percentage terms in mobile growth for Hutch. Karnataka and more specifically Bangalore has a multiplicity of languages with all the five languages offered here being popular with the respective segment. In AP, the service will be offered in three languages - Telugu, Hindi and until now the only other state where a regional language service was being offered along with Hindi and English is Gujarat.

Adidas & Reebok join hands to beat Nike

Adidas and Reebok joined hands to give competetion to the world’s No.1 brand Nike in branded sports wear market but Reebok is likely to retain its brand. In Indian and south Asian market, Reebok and Adidas would be available as separate brands. In this acquisition Adidas will pay $ 3.8 billion or Rs.16720 crore.

As far as Indian market is concerned Reebok is market leader in branded sports wear category. It has 150 outlets and more than 3000 stockists all over India, with a market share of around 45 percent where Adidas has 30 percent market share and biggest player in the world athletic and life style branding, Nike has 25 percent share. Total size of branded sports wear market in India is Rs. 375-400 crore.

After this deal between German brand Adidas and Reebok, a new company is likely to be formed which will have a combined annual sale of some $11.1 billion where Nike’s annual sales are $ 14 billion worldwide. In the market Adidas is popular among soccer, track and field fans and Reebok appeals to fans of sneakers, athletic football, base ball and basketball. Adidas and Reebok deal is done to face Nike’s competition in world market.

Philips Electronics India formed

Philips today announced the completion of the merger of Philips Medical Systems India Private Limited and Philips Software Center Private Limited with Philips India Limited and brought under one brand name Philips Electronics India Limited.

The merger and change of name takes effect post consents and approvals from the shareholders and the High Courts at Kolkata, Mumbai and Bangalore.

The change of name to Philips Electronics India Limited enables the Company to present a unified face of the brand to all stakeholders. Business operations will not change as a consequence of the merger and name change; the aim is to simplify and rationalize Philips’ operations in India - through a single legal entity.

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