Business Roundup #Week37

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Top SUVs Win Four-Star Rating

Maruti Suzuki’s Vitara Brezza and Tata Motors’ Nexon scored a four-star rating in crash tests conducted by the Global New Car Assessment Programme (GNCAP), says a report.

It tested the two top-selling SUVs come with two front airbags as standard, and Renault’s Lodgy multipurpose vehicle that didn’t have airbags.

The seven-seater Lodgy got a ‘zero’ in the adult protection crash test, but surprisingly received two stars on child protection, GNCAP, a UK-based vehicle safety watchdog, said.

Top SUVs Win Four-Star Rating

Nestle, Unilever and Coca-Cola are among companies shortlisted by GlaxoSmith-Kline for the second round of bidding for its Indian nutrition business, which includes the prized Horlicks brand, says a report.

Negotiations for the GSK Consumer portfolio are set to intensify as fresh rounds of management committee meetings are scheduled in London shortly, they said.

Negotiations for the GSK Consumer portfolio are set to intensify as fresh rounds of management committee meetings are scheduled in London next week, they said.

ITC Mulls Change In Strategy

ITC will no longer enter any low margin and low growth categories in personal and home care business, a senior company official said, according to a report.

The move comes cigarette-biscuit-hotel major plans a change of strategy to maximise profit growth rather than just chasing volumes.

Analysts said ITC failed to cut much ice in high competition and high volume categories like soaps and shampoos and wants profitable growth in personal care as part of its overall plans to become a market leader in India’s pure play FMCG market.

H&M Sales Slows In India

Hennes & Mauritz’s sales in India grew 29% during the nine months ended August, a sharp fall from a year ago, says a report.

The Swedish fashion retailer had nearly doubled business, albeit on a lower base. H&M’s Indian business clocked sales of 925 crore rupees during December 2017- August 2018, compared to 719 crore a year ago, it said in its nine-month performance report.

With about 34 stores until August, each generating an average of 36 crore rupees annually in sales, H&M’s performance is still among the best within the apparel space in the retail market.

Jio Facing Entertainment App Challenges

Reliance Jio Infocomm is set to face challenges in monetising the users of its entertainment applications as it migrates from free subsidised content to a freemium model in future, a new report from mobile media and strategy consultant Strategy Analytics said, according to a report.

Freemium is an online business model whereby basic services are provided free of charge while more advanced features must be paid for.

The Mukesh Ambani-led 4G telco is currently using its free entertainment apps to differentiate from competitors, build subscriber loyalty and create opportunities for future growth.

Aviation Regulator Plans New Rule

India’s aviation regulator is considering a change in the way on-time performance of airlines is calculated, to base it on arrivals instead of departures, says a report.

This move will benefit passengers whose flights take off belatedly due to weather and other issues. The Directorate General of Civil Aviation is discussing the proposal, which will also make Indian rules on a par with global norms.

“We are discussing shifting the OTP calculation method on the basis of arrivals. This means a flight will have to arrive on time and not just depart on time to be considered on time,” said a government official.

New Tractor On Way

Mahindra & Mahindra is working on a new tractor that costs less than 2 lakh rupees, says a report.

The company is hoping that it will encourage small and marginal farmers shift to mechanised farming and open a huge market for it.

As much as 90% of India’s small and marginal farmers — those with up to 5 acres of land — are estimated to be still using manual farming methods, which are labour intensive and weigh on their returns.

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Babu Kalyanpur

Babu Kalyanpur, ( Consulting Editor) has rich experience in both sports and business journalism. Babu has led news desks in Pune and Bahrain and writes extensively on his passion, sports and business besides current affairs and matters of importance to Pune.

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