Mumbai Indians among top-150
most valuable team brands – Amrit
IPL
franchise Mumbai Indians is among the world's 150 most
valuable sports team brands according to a list topped by
English football giants Manchester United, which has a brand value of
$852 millions. In the assessment of brand values of all major sports teams
worldwide done by a London-based brand valuation firm, the Mukesh Ambani-owned
team found the 146th position with a brand value worth $ 48 millions, followed
by Chennai Super Kings at $ 45 millions.
The firm, Brand Finance plc, had compiled the list of the world's 250 most valuable sports teams, including football clubs and teams from the NFL, NHL, NBA, MLB and the Indian Premier League as on June 1 last year. The inaugural IPL champions, Rajasthan Royals ($ 27 millions), have the least brand value among the other teams in the competition.
Despite cricket being one of the the world's biggest sport, the total value of IPL teams is just $321 million, the research claimed. As per the average team brand value for different sports, the cricket event has $ 35 million brand value.
The firm, Brand Finance plc, had compiled the list of the world's 250 most valuable sports teams, including football clubs and teams from the NFL, NHL, NBA, MLB and the Indian Premier League as on June 1 last year. The inaugural IPL champions, Rajasthan Royals ($ 27 millions), have the least brand value among the other teams in the competition.
Despite cricket being one of the the world's biggest sport, the total value of IPL teams is just $321 million, the research claimed. As per the average team brand value for different sports, the cricket event has $ 35 million brand value.
Indigo, SpiceJet get nod to
import more aircraft - Amrit
Low cost carriers, IndiGo and SpiceJetBSE 0.36 % have got the
nod from Aircraft Acquisition Committee (AAC) of the Civil Aviation Ministry to import more aircraft.
"The AAC, headed by S Machendranathan, the Additional Secretary and Financial Adviser of Ministry of Civil Aviation, has cleared the proposal of IndiGo to import four Airbus 320 and SpiceJet to import three Boeing 737 aircraft recently. The proposal now awaits the final nod from the Civil Aviation Minister Ajit Singh before the two airlines are allowed to import the planes.
The decision to allow IndiGo to import more aircraft has come at a time when it is facing problems from the Government in importing 16 A320 aircraft which is part of the order of original 100 aircraft for which the airline already has in-principle approval.IndiGo currently has 63 aircraft. It plans to induct three of the five cleared planes this year and two more in this fiscal.
The Ministry has asked IndiGo to submit detailed plans on how it intends to use the aircraft, as the ministry is in process of finalising new norms for schedule airlines to fly to tier II and III cities in the new Route Disbursal Guidelines to enhance regional connectivity.
"The AAC, headed by S Machendranathan, the Additional Secretary and Financial Adviser of Ministry of Civil Aviation, has cleared the proposal of IndiGo to import four Airbus 320 and SpiceJet to import three Boeing 737 aircraft recently. The proposal now awaits the final nod from the Civil Aviation Minister Ajit Singh before the two airlines are allowed to import the planes.
The decision to allow IndiGo to import more aircraft has come at a time when it is facing problems from the Government in importing 16 A320 aircraft which is part of the order of original 100 aircraft for which the airline already has in-principle approval.IndiGo currently has 63 aircraft. It plans to induct three of the five cleared planes this year and two more in this fiscal.
The Ministry has asked IndiGo to submit detailed plans on how it intends to use the aircraft, as the ministry is in process of finalising new norms for schedule airlines to fly to tier II and III cities in the new Route Disbursal Guidelines to enhance regional connectivity.
Top 5
CXOs' expectations from Union Budget 2013
1.D.R. Dogra, MD &
CEO - CARE Ratings & Research
·
This
being the last budget before elections govt. is expected to take some
affirmative steps.
2.D.K. Aggarwal, CMD at SMC & Advisors Limited
·
Major
reforms from September FDI in retail and clearance of infra projects.
3.Kunj Bansal, CIO-Sanlam India Investments
·
Budget
is expected to be both soft and hard. There will be strong focus on containment
of fiscal deficit.
4.Prabhat Awasthi, Head of Equity Research & MD, India,
Nomura Financial Advisories &Securities Pvt Ltd
·
It
is govt. financial statement and to that extent our economy is facing many
difficulties.
5.Nitin Raheja, CIO, AQF Advisors
·
To
move from current levels, the market is closely watching the budget for
direction.
By: Aniruddha Agnihotri
ET
Bureau Feb 11, 2013, 07.09AM IST
Oil price, inflation, IIP nos to guide market this
week -Aman
·
Stock market likely to remain volatile as crude oil
prices hit a 9 month high.
·
It
may even worson trade deficit and also increase inflation.
·
Sensex
and nifty ended at 1.5% down last week which may end down further this week.
·
Huge
expectations from G20 finance mnisters meeting on feb 14-16.
Godrej & Boyce and Bosch-Siemzens Home
Appliances partnership- Viresh
Godrej & Boyce
has entered into a technology collaboration with Ger-many’s Bosch and Siemens
Home Appliances (BSH) to develop a new range of energy-efficient refrigerators
for the Indian market, Asia-Pacific, the Middle East and Africa.
This range of highly
energy-efficient refrigerators will be manufactured at Godrej’s manufacturing
plant at Shirwal, near Pune. The refrigerator range manufactured under this
collaboration will be marketed by Godrej and BSH under their respective brands’
name in the markets.
Amul,
Rasna, Vadilal, Nirma- ranks among most trusted brands: The Brand Trust Report
2013-Harshit
- Dairy brand Amul marketed by the Gujarat Co-operative Milk
Marketing Federation has been listed as India's Most Trusted Food &
Beverage(F&B) brand out of 123 brands
Amul ranks ahead of Nestle Maggi, followed by Parle, Britannia, Coca-Cola and Cadbury's. In the sub-category of Dairy in Food & Beverage, after Amul are Aarey (at All India 390th rank) and Mother Dairy (at All India 406th rank). - Yet another brand from the region Vadilal has been ranked as the Most Trusted Brand in the Ice-Cream sub-category of the F&B list. Vadilal is India's Most Trusted Ice Cream Brand, the report says, beating Baskin & Robbins and Kwality Walls in 2nd and 3rd ranks respectively. Rasna ranks as India's Most Trusted Powdered Drink trouncing Glucon-D and Tang.
- Gujarat government-owned Gujarat Industrial Power Company is the Most Trusted Infrastructure company, followed in 2nd and 3rd ranks by National Thermal Power Company and Jawarharlal Nehru Port Trust.
- Nirma displaced Hindustan Lever to become India's Most
Trusted Consumer Product Manufacturer this year. Procter & Gamble
takes 3rd rank, followed by CavinKare and Marico in this list.
Elder
forays into haircare market; ties up with Richfeel Health - Viresh
FMCG company Elder
Healthcare today said it has inked a pact with Richfeel Health and Beauty to foray
into the estimated Rs 12,800 crore haircare segment in the country.
The company, which already manufactures skin care products, expects a turnover of about Rs 15 crore by the end of 2013-14 from hair and skin care verticals.
"Elder Healthcare has tied up with Richfeel Health & Beauty, which runs India's largest chain of Trichology (hair and scalp clinics) and also an eminent player in the salon products range, to foray into the haircare market estimated at Rs 12,800 crore," Elder Healthcare Managing Director Anuj Saxena said in a statement.
As per the agreement between the two firms, Elder Healthcare will market and distribute Mumbai-based Richfeel's professional haircare products across the country except for Western India, the company said.
Saxena said the company would initially focus on metro's and Tier-II cities for marketing and distributing Richfeel Health products.
"Induction of Richfeel hair care range would further strengthen our product portfolio. Looking at the robust growth of salon industry there is an ideal opportunity for company to offer Richfeel's products with clinical brand image to salon industry," Saxena said.
Elder Healthcare manufactures as well distributes various products through licensing agreements. It's product portfolio includes deodorants, mouthwash, among others.
The company, which already manufactures skin care products, expects a turnover of about Rs 15 crore by the end of 2013-14 from hair and skin care verticals.
"Elder Healthcare has tied up with Richfeel Health & Beauty, which runs India's largest chain of Trichology (hair and scalp clinics) and also an eminent player in the salon products range, to foray into the haircare market estimated at Rs 12,800 crore," Elder Healthcare Managing Director Anuj Saxena said in a statement.
As per the agreement between the two firms, Elder Healthcare will market and distribute Mumbai-based Richfeel's professional haircare products across the country except for Western India, the company said.
Saxena said the company would initially focus on metro's and Tier-II cities for marketing and distributing Richfeel Health products.
"Induction of Richfeel hair care range would further strengthen our product portfolio. Looking at the robust growth of salon industry there is an ideal opportunity for company to offer Richfeel's products with clinical brand image to salon industry," Saxena said.
Elder Healthcare manufactures as well distributes various products through licensing agreements. It's product portfolio includes deodorants, mouthwash, among others.
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