| Spirits and Foods | ||||||
| Aussies seek partnership | ||||||
Almost all the top 4 biggies in the Australian wine industry –Constellation, Pernod Ricard, Cissallo and Fosters are exploring joint venture and distribution tie ups with Indian wine growers. Increasing cost of labour, overcapacity and competition from countries like New Zealand are affecting the industry according to John Griffith, President, Western Australia Wine Association. |
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| 2600 containers go sour | ||||||
Grape producers from the 3 southern states of Karnataka, Andhra Pradesh and Maharashtra are facing a major loss due to several European countries have rejecting their consignment valued at Rs.273 crores.The reason for this is the use of chemicals to preserve the fruit which is not allowed in Europe. |
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| Delhi can now sell liquor in malls | ||||||
| Delhi government has awarded licences to 9 applicants to sell liquor in malls so as to make it more accessible to buyers. There is also a demand by the local restaurants association to bring down the legal age for liquor as different states have different criteria Delhi has a minimum age limit as 25 for drinking liquor whereas in Tamilnadu it is 18 years of age. Delhi is also faced by the government's need to increase taxes the present price of Red Label is Rs.1200/ $ 27 and Chivas Regal currently selling at Rs 5500/ $ 122 |
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| Hershey's enters into a joint venture | ||||||
| The $ 5 billion company Hershey's the leading chocolate and sugar confectionery is to enter the Indian market with its joint venture partner Godrej. The Rs 1500 crore/ $ 34 m. Indian market is dominated by the 3 majors – Cadbury's, Nestle and Amul | ||||||
| Coffee Day goes Czech
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| Coffee Day with 950 stores in India has acquired the Czech café chain Emporio for $3.3 m hiking its presence in the Czech capital Prague to 7 stores and stores outside Prague to 5 The company is all set to increase the number of stores in India to1100 and revenues to $186 m by end of 2010 | ||||||
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| Romanian wine tasting at the residence of the Ambassador | ||||||
| The 1st ever exposure of Romanian wines took place in April 2010 at the residence of the Ambassador Her Excellency Valerica Epure, With the active encouragement of the Ambassador wines from major vineyards like Mufatlar, Cotnari and Halewood were on display and tasted by some of the major importers, press and trade journals and wine connoisseurs, who appreciated the quality of the wines The event was organised jointly by the Embassy of Romania in India and Ruthnaswamy & Associates | ||||||
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| LUXURY | ||||||
| India one of the top 10 markets for Breguet | ||||||
| According to Christophe Viguerie,VP, Breguet Indian customers are very knowledgeable about the brand Breguet, this has reflected in the Breguet increasing its sales, sales this year is expected to be 50 % more than last year. India is to become market no 1.It is one of the top 10 markets within 5 years of Bregeut's entry in 2005 | ||||||
| Rapid increase in high net worth individuals. | ||||||
| World Wealth Report released by Cap Gemini and Merrill Lynch indicate the number of millionaires in India have increased by more than 50 % over 2009.The collective wealth of Indian millionaires stands at $9.7 trillion slightly more than $9.5 trillion held by high net worth individuals in Europe | ||||||
| Zara enters India | ||||||
| The Spanish retailer Zara a joint venture company with the local retailer Tata Trent opened its maiden store in New Delhi. Zara is the newest kid on the block. International majors already operating in India are Tommy Hilfiger, Dagenham's and several others. | ||||||
| RETAIL | ||||||
| Lifestyle optimistic | ||||||
| Lifestyle the Dubai based retailer sees a 50 % growth in its Indian operations with its stores reaching 30 outlets the turnover is simultaneously expected to increase to Rs 1600 crores/ $ 36 m 2011 | ||||||
| Boggi optimistic on the Indian market | ||||||
| The Italian menswear Boggi Milano is all set to increase its presence from currently 3 stores in Bangalore, Chennai and Kolkatta to 35 stores in 2015 through its joint venture partner DLF Brands. It is to open 2 stores in the new Terminal 3 at the Delhi airport | ||||||
| Yishion plays big | ||||||
| The $ 12 billion Chinese retailer is all set to enter the Indian market by September 2010 the products on offer are menswear, womenswear, kids wear, footwear, handbags and accessories. Yishion intends to ramp up its outlets within 2 years to 100 stores in collaboration with its local joint venture partner the Upmarket Group. The products will be sourced from Shenzhen in China | ||||||
| ITC does the "Lucky Strike" | ||||||
| The American brand launched back in 1871 is now being launched in India by ITC.This iconic brand competes with some of the locally produced brands, Marlboro and Philip Morris | ||||||
| AIRPORTS AND AIRLINES | ||||||
| GMR wins Male bid | ||||||
| Beating its other rivals to build, operate, expand and modernize the Male International Airport, GMR has bagged the $ 360 million deal. | ||||||
| Agartala gets connected | ||||||
| The airport at Agartala is all set to become connected internationally through linkages to South East Asian airports by regular flights to and from this region | ||||||
| Aeronautical charges stay put | ||||||
The recently constituted Airports Economic Regulatory Authority of India has disallowed increases in airport charges from the 2 major airport operators – Delhi International Airport Ltd and Mumbai International Airport Ltd. Both the airport operators in Delhi and Mumbai had plans to increase the airport charges by 10 % with retrospective effect from May 2009. |
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| Goa airport goes ahead but Rajasthan takes a back step | ||||||
| Goa is to build a 500,000 sq ft terminal with a capacity to handle 800,000 passengers annually, the present airport is partly used by the Navy which constitutes operational problems at times. Another airport was planned near the Jaipur, the capital of Rajasthan. This $60 m aerotropolis is yet to take off due to bureaucratic hurdles and financing problems of the promoters Rajasthan Aviation Infrastructure India .Fraport was to manage the operations |
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| Lufthansa increases flights | ||||||
| With additional 12 flights in the coming winter, the tally of Lufthansa flights to and from India reaches 78 flights in a week from 7 Indian destinations | ||||||
| Jet Air tops complaints registered | ||||||
| Of the 8 domestic airlines, Jet Air recorded the maximum number of complaints in May 2010, topping the score board at 690 passenger complaints followed by SpiceJet with 234 complaints. The least number of complaints were registered against NACIL (Air India and Indian Airlines) with 47 and Paramount with 4 complaints | ||||||
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