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Business News

By Sk Samim Rahaman

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RIL may have to acquire RCom for

telecom success

In its pursuit to become a leading player in

telecom space , Mukesh Ambani-led Reliance

Industries group may have to acquire younger

brother Anil-runRelianceCommunications (RCom), a report has said.

RIL's proposed re-entry into telecom sector is

currently limited to broadband wireless business

and it might have to acquire "one or more extanttelecom operators" in the voice segment,

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Infosys, Tata beat global majors to

emerge as top brands in respect ofCSR

IT giant Infosys and salt-to-software

conglomerate Tata have emerged as the top 2brands in India, beating global majors like Google,

Nokia and Facebook, in a new index.

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PNC buys Royal Bank of Canada

US banks for $3.45bn

PNC said that the transaction will bring its total

to 2,870 branches and make it the fifth biggestamong U.S. banks. RBC Bank (USA), based in

Raleigh, North Carolina, has 424 branches and

about $25 billion of assets.

PNC Chairman and CEO James Rohr said in a

statement that the RBC acquisition will give PNCaccess to ``attractive southeast markets in a way

that will create value for our shareholders.''

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Soon, buy a local train ticket at

chemist's shops

The Western Railway will choose vendors who

will be authorized to issue computerized railway

tickets and coupons under the unreservedticketing system. The shops will mostly be in the

vicinity of stations. The vendors can also renew

monthly tickets with an extra rupee. . This service

will cost the passenger an extra rupee, which willbe the vendor's commission.

The WR hopes that creating such outlets will help

reduce the long queues at the ticket counters.

"The crowd at a station is maddening.

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Face book to launch music

service

Facebook had reached a partnershipwith European music streaming service

Spotify

, which is gearing up to enter theUS market.

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Beauty business set to boom Hindustan Unilever (HUL) is speeding up to open a Lakme

salon a week. Jawed Habib Hair & Beauty (JHHB), which has

grown from 37 salons in 2006 to around 225 at the end of

November 2010, is eyeing a similar growth.

Currently, Indian hair and beauty industry is seeing a per

capita annual spend of only $1.2, which is far lower than

world standards. It is expected this number to grow to $5 by

2015. So, in terms of market potential , there is no problem,

however, only those companies which can have strong

manpower and can overcome the hurdles of the industrycan sustain this growth,"