JLR Luxury Vehicle Push
Jaguar Land Rover (JLR) is quickly making inroads in the highly competitive luxury car market in India, says a report.
The entry of the Tata Motors-owned JLR is posing a tough challenge to the top three in the luxury market – Mercedes Benz, BMW India and Audi. The company is eyeing at least a quarter of the luxury SUV market and increase its effective market share to 13-14 per cent by the end of the year.
Telcos May Lose Ground
Bharti Airtel, Vodafone India and Idea Cellular may post a 5-7% fall in revenue in the October-December quarter over the previous quarter, analysts said, quoting a report.
They say that these telephone operators face a double blow of the 57% cut in interconnect usage charges and continuing pricing pressure amid efforts to match Reliance Jio Infocomm rates.
Adlabs In Fund Talks
Adlabs Entertainment is in talks with financial investors to raise 650 crore rupees for cutting down the firm’s debts and expanding its Imagica brand of amusement parks, says a report.
This is part of the amusement park operator’s two-part transaction which will comprise a sale of fresh shares by the company and a partial exit by the existing investor ICICI Ventures.
PepsiCo to buy trucks
PepsiCo has pre-ordered 100 of Tesla’s new electric trucks Semi to reduce fuel costs and fleet emissions, according to a report.
The company, makers of Mountain Dew soda and Doritos chips, will deploy these vehicles for shipments of snacks and beverages between manufacturing and distribution facilities and direct to retailers with an 800 km range.
Ghari Dominance Grows
Kanpur-based brand Ghari has widened its gap over Hindustan Lever’s Wheel, revealing its dominance in the mass-end laundry market, according to a report.
The segment was dominated by Hindustan Lever until five years ago, but now it is demarcated with the entry of Ghari which is leading in the popular segment. However, Hindustan Lever still controls the mid and premium market.
Airtel Boost
The Bharti Group’s decision to sell a 20% stake in the DTH arm Bharti Telemedia to Warburg Pincus for $350 million will boost the company’s future plans, says a report.
The plan will help Bharti Airtel fund its capital expenditure drive aimed at bolstering its 4G network and taking on Reliance Jio Infocomm, sources said.
Myntra move
Myntra.com is mulling entry into India’s booming beauty market by launching a chain of brick and mortar stores selling multi-brand cosmetics and wellness items, says a report.
India’s largest online fast-fashion retailer, which sells more than 100 beauty and cosmetics brands, MAC, Clinique and Ester Lauder on its e-commerce platform, plans to sell them through a chain of brick and mortar stores.
Bira Eyeing Expansion
B9 Beverages, makers of Bira beer, has managed to raise 25 crore rupees by issuing debentures to Anicut Capital, says a report.
The company’s move will help it to expand its geographic footprint to tap the rising popularity of the craft beer.
Maruti Tops
Maruti Suzuki has played a major role in putting India on the world vehicle map as one of the fastest growing car market, according to a report.
This is in stark contrast to other carmakers who have struggled in the country. Maruti’s huge volume growth has help India to enter the global space.
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