India Business Updates

Eleven Indian companies among world’s 50 Local Dynamos

As many as 11 India companies, including the likes of ICICI Bank and Bharti Airtel, have made it to a list of 50 ‘Local Dynamos’ for mastering the dynamics of their domestic markets. These 50 firms from the world’s Rapidly Developing Economies (RDEs) are “domestically focused, at least for now, and have devised formidable business models with which to master the intense dynamics of their local markets,” global consultancy firm Boston Consultancy Group said in a report.

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Other Indian companies in the list are two Tata Group entities Indian Hotels and Titan Industries besides Amul, Apollo Hospitals, CavinKare Group, ITC Limited, NIIT, SKS Microfinance and Subhiksha.

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Telecom outfit market to ring in $6.5 bn revenue in 2007-08

India, the world’s fastest-growing telecom market, is also making steady progress in the telecom manufacturing space. Latest figures from the Department of Telecom (DoT) indicate that revenue from the telecom manufacturing sector is set to cross the $6.5 billion (Rs 23,656 crore) figure in fiscal 2007-08. At the current growth rate, the Indian telecom equipment manufacturing sector is set to become one of the largest globally by 2010.

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However, telecom hardware manufacturing in India is dominated by international majors, including Nokia, Ericsson, LG and Alcatel-Lucent while indigenous domestic manufacturers continue to contribute very little.

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132 Indian manufacturing cos join TPM Excellence League

With 23 companies receiving the Total Productive Maintenance (TPM) Excellence Award at a ceremony in Japan, the number of winners has swelled upto 132, industry body CII said.

Hindustan Unilever Nashik and Pune, Hosur and Mysore plant of TVS Motors, Hospet Steel Ltd, Brakes India Ltd are among the 23 companies which included in the TPM Excellence League. TPM is the concept originated and developed by Japan Institute of Plant Maintenance (JIPM).

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Coke upbeat about making India one of its top 5 mkts

Betting big on India’s potential to emerge among its top five markets in the world, Cola giant Coca Cola today committed to more “incremental” investment on top of Rs1,000 crore which it is pumping within the next three years.

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“We are bullish on India. It is a matter of stimulation… as the growth comes, you have to put in incremental investments,” E Neville Isdell Chairman and CEO of US-based multinational Coke told PTI.

“We are investing $250 million (Rs1,000 crore) and this will certainly not be the last. of our investments,,” Isdell, who is visiting India said.

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