Headline - Apollo aims to sell 11%
stake in India's Dish TV: sources
·
US private equity firm
Apollo Global Management LLC is in talks to sell its 11 percent stake in
India's largest direct-to-home satellite service operator Dish TV India Ltd,
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The stake has a market
value of about $290 million
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Apollo, which manages
about $113 billion globally, has hired UBS to run a process to sell its holding
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Apollo paid about $100
million for its 11 percent stake in the company in 2009
Headline - Media and entertainment
business to grow 81% in five years: Ficci-KPMG
·
India’s media and entertainment
industry is expected to grow by over 81 per cent from the current level of Rs
91,700 crore to Rs 1,66,000 crore by 2017
·
In 2012, the
television segment accounted for 45 per cent of the Rs 83,100 crore market
·
Print media is expected
to post a moderate combined annualised growth rate (CAGR) of 8.7 per cent to
touch Rs 34,020 crore from the 2012 level of Rs 22,410 crore
·
“This industry
is an economic enterprise, which is capable of creating employment and wealth
much faster than most other sectors and with the ability to be a force
multiplier,” said Uday Shankar, Chairman of Ficci’s Media and Entertainment
Committee.
Headline: IKEA turns global to local for India push, Feb 8, 2013
·
IKEA, the Swedish giant
furniture maker has been tweaking its products as it expands in China and looks
to make a foray in the Indian market. The group has already
taken its huge out-of-town stores packed with modern Scandinavian style to 26
markets, with the product and experience instantly recognizable across them
all. For instance in regions where apartments have smaller rooms, its showrooms
have to be smaller. A sample balcony exhibit will be kitted out differently in
northern China, where balconies are widely used for food storage, than in the
south, where they often double as laundries. In developed markets, IKEA is
positioned as a low-priced mass-market brand, but in emerging markets where low
prices are the norm, it targets a growing middle class that aspires to
international lifestyle products. For these customers, design and a
comprehensive range under one roof are the attraction. In India, it aims to
open larger stores and stores which are closer to people due to lesser number
of cars as compared to developed nations. IKEA's main advantage is in a country
with a growing urban population with western aspirations, but little knowledge
of western styling.
Headline:
Air India lures holiday travelers with 60-day advance fare offer
Mar 13 2013
Summary: With summer holiday season approaching, Air India has launched a
60-day advance ticket purchase scheme for vacation travellers with prices close
to air-conditioned train fares.
The advance purchase fare (Apex) scheme targets vacation travellers in
the upcoming summer holiday season luring them from train to air travel and is
also an attempt to strengthen the national carrier's foothold in the leisure
travel market
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The national carrier has priced the tickets
closely with AC train fares.
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An
all-inclusive 60-day advance purchase fare on Delhi-Mumbai sector would cost Rs
3,981 while on Delhi-Lucknow route it would cost as low as Rs 2,566
·
The tickets
can be bought through travel agents, online travel agents, Air India website
and booking offices for travel commencing around the middle of May onwards
Review: This is a new strategy to attract the customers who are planning
to travel by the railway transportation. The scheme is likely to invigorate a
price war among the airlines, after SpiceJet in January and Jet Airways last
month came up with low priced tickets.
But majorly, it’s to pull the customers opting for railways and other
modes. This would benefit the customers and a greater demand can be created.
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