Business News

Honda Cars India Limited (HCIL) has decided to shift the entire production of the all-new Honda City to its Tapukara plant (district Alwar, Rajasthan).

The Tata Group has retained its place as the India’s most valuable brand at USD 21 billion, according to the Brand Finance India 100 list. State-run insurance behemoth LIC is ranked second with a brand value of USD 4.1 billion, followed by public sector bank SBI (USD 4 billion), Bharti Airtel (USD 3.8 billion) and Reliance (USD 3.5 billion).

American clothing retailer Gap has tied-up with with textile company Arvind Lifestyle Brand, a subsidiary of Arvind Limited, to open 40 outlets across India, as part of its global expansion strategy. Earlier, in 2007, Gap had launched the P.A.C.E. (Personal Advancement & Career Enhancement) workplace education programme in India that offers female garment workers the life skills education and technical training they need to advance at work and in life.

The Ministry of Textiles has signed a Memorandum of Understanding (MoU) with Flipkart India Pvt. Ltd. to provide online marketing platform to handloom weavers to boost the handloom sector, empower the weavers and boost manufacturing in the country.  Flipkart, with its access to the largest customer base in the country, aims to help weavers make optimal use of the available data to guide entrepreneurs and artisans on areas such as deciding on the right selling price, payment automation, proper packaging, transportation, brand building etc. The DATA analytics and market intelligence provided by Flipkart will help the weavers focus only on producing better sale-able product ranges. This in turn will help them plan their production and inventory and expand their business, thus revolutionizing manufacturing in rural India and encourage entrepreneurship.

Hero Cycles Ltd, has announced the acquisition of MIFA, a Germany-based cycle manufacturing company with revenues of approximately 100 million Euros. Hero Cycles will introduce high-quality bikes using MIFA’s technology know-how.

Japan’s Panasonic and India’s Tata group have joined hands to develop a compact water purification system for India—a special photo-catalyst to detoxify harmful substances from water to make it potable. The product has been designed to serve small rural communities where water supply infrastructure is underdeveloped. The total market size of organised water purifier in India at present is estimated to be around Rs 2,600 crore and is expected to cross Rs 3,000 crore in 2015. Eureka Forbes, Kent Ro, Electrolux and Whirlpool are some of the key manufacturers in the Indian water purifier market.

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