Vodafone Headsets in India
China's leading telecom gear maker the $7.3-billion ZTE Corp has reportedly met with Vodafone Group to set up a world-class GSM handset manufacturing hub in India to meet low-cost handset requirements for Indian, Brazil, and Russian markets.
Swiss Triumph to Expand 5000
Switzerland headquartered innerwear brand Triumph International revealed plans to employ 5000 workers at its new manufacturing facility near Chennai to produce 15-20 million lingerie units.
Low-Cost US Motels to India
US-based Patel Motels along with others such as Super8 Motels, Country Hearth, Best Inns, and Best Value Inn are to enter India through the franchisee route and develop at least 20
Greenfield properties in metros and secondary cities.
Tariff Cut Plans to ASEAN Levels
The government is reportedly planning to cut peak customs tariff from the present 12.5% to a possible 10% in the upcoming budget but senior functionaries are reportedly interested to drop the tariff to ASEAN levels of 6-7%.
Italian Haute Couture Line in India
Italian USD 833 million Sixty Group revealed plans to enter the Indian market through exclusive nine-year franchising and trading partnership with Delhi-based Indus Clothing.
Apollo Hospitals in Yemen
The Apollo group of hospitals has signed an agreement with Hayel Saeed Anam group (HSA) to jointly run a USD 25 million super-specialty hospital at Taiz in Yemen by September this year.
AP- Ras Al Khaimah Ceramic Tile Project
The Ras Al Khaimah (RAK) has signed an agreement with the Government of Andhra Pradesh (AP) to invest Rs. 9,000 crore (USD 2 billion) to set up an alumina plant and aluminum smelter unit to be used to produce ceramic tiles.
Toyota's Small Car Plant
Japanese car major Toyota Motor Corporation is reportedly planning an investment of USD 330-420 million to set up a small car plant near its existing facility near Bangalore with an initial capacity to manufacture 100,000 cars a year.
Norwegian Orkla Buys MTR
The USD 8.8 billion branded consumer goods, speciality materials and financial investments Norwegian company Orkla has reportedly bought out MTR Foods at a price of USD 100 million.
ONGC-ENI Energy Swap Deal
The Oil and Natural Gas Corporation (ONGC) and Iralian ENI SpA signed an energy swap deal where ONGC will take a 20-25 per cent stake in a Congo block that ENI owns in return for a 30-35 per cent stake in Mahanadi basin block.
