Latest News

Ferrari to start up business in

India in January 2011

Ferrari will start up business at the start of next year

as the luxury sports car maker.

Despite the crisis they will close the year better than

last year.

The carmaker is currently present in 57 markets.

Fiat currently owns 85 percent of Ferrari.

Indigo gets permission to fly

overseas

Budget air carrier Indigo has received government's

permission to fly from next year.

The airline would now work on routes and other

modalities involved in its proposed international

operations.

Indigo is the second budget air carrier after Spice

Jet, which would be flying overseas.

Spice Jet, plans to launch flights to Kathmandu and

Colombo from next month.

Aircel to launch 3G services in Q1

next year,invest $500 mn Mobile phone service provider Aircel will launch its

services in the first quarter of next year and will invest $500 million for the same.

For the entire 2G and 3G it will invest a little over $1 billion.

The firm currently has a subscriber base of 45 million.

The company had won spectrum for 13 new circles across India. These include Delhi (Metro), Mumbai (Metro), Andhra Pradesh, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra & Goa, Rajasthan, Punjab, UP (West) and UP (East).

ADF Foods acquires US-based

Elena's Food Specialities

ADF Foods Ltd, a leading packaged Indian food

provider, today has entered into an agreement US-

based Elena's Food Specialities.

Elena's is a US-based manufacturer and marketer of

organic and natural products and a leading provider of

protein-based Mexican foods in the natural and

organic category.

The acquisition will be conducted by means of an

asset purchase by ADF and/or its international

subsidiary companies.

Emami ropes in Bipasha Basu as its

brand ambassador

The Kolkata-based FMCG major, Emami, has roped

in Bollywood diva Bipasha Basu as its brand

ambassador for three years for a contract of 3-4

crores..

Bipasha will promote the top brands from our portfolio

in the skincare and personal care segment.

Emami is still in talks to bring Malaika Arora Khan on

board for Zandu balm. The sales of Zandu Balm are

increasing at a rate of 45-50%.