ET NEWS21-28 Nov

Vishal SharmaMBA 2C

Passenger car-maker GM India has drawn up plans to invest $300 mn in the next two years. GM is investing $300 mn in the next two years for launching six new products. 

The new products would comprise a compact car, a sedan, multi-utility vehicles, van and pick-ups. The company had tied up with a consortium of banks for funding the required investment. 

GM India to invest $300 mn in two years

Apparel and textile firm S Kumars Nationwide Ltd (SKNL) is undertaking a re-positioning exercise for its apparel brands, including Reid & Taylor and Belmonte. 

This is in keeping in tune with the growth witnessed by the labels in the Indian market. 

As a part of the exercise, the firm has invited pitches from up to five advertising agencies for each of the brands to carry out campaigns. 

The company is likely to finalise contracts by the end of this calendar. 

SKNL to reposition its apparel brands, starts ad agency pitch

Ratan Tata-led Tata Power aims to have at least a 25 per cent of its power generation or around 8,000 MW from clean sources by 2017 and will invest around Rs 5,000 crore in wind-energy alone, a top company official said. 

The company, which presently has a little over 200 MW of wind capacity, plans to give a strong thrust to wind-energy as it is the most commercially viable and established form of renewable energy. 

The company is presently in the process of rolling-out 150 MW and an additional 750-800 MW will be added at the rate of around 100-150 MW annually through to 2017. 

Tata Power to invest around Rs 5,000 cr in wind energy by 2017

 Crompton Greaves Ltd (CGL), part of the USD 4 billion Avantha Group, today said it has become the world's first company to develop high-range power product -1,200 KV capacitive voltage transformer (CVT). 

Earlier, China had established the commercial 1,100 KV system successfully. Now, Crompton Greaves has come out with 1,200 KV transformer, becoming the first company in the world to develop such a high range power product. 

Crompton Greaves develops high-range power product

Drug firm Dr Reddy's Laboratories said it has received approval from US health regulator to launch generic Zafirlukast tablets, used for treating asthma, in the American market. 

The approval by the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Zafirlukast tablets follows a favourable court judgment in the patent infringement case filed against it by patent holder Astra Zeneca. 

Dr Reddy's gets FDA nod to launch anti-asthma tablets in US

The Indian hotel industry is on a rebound with top bracket hotels in major cities and leisure destinations reporting a surge in demand, and in certain cases, a rise in hotel rates, for the ongoing winter season, driven by corporate bookings and a surge in international visitors. 

Hoteliers say the bookings for the winter season bettered their expectations to make it their best October-February season in three years and that the industry is on an upward cycle that will peak in 2012. 

Coming winter to be best season in three years for hotels

Room rates and occupancy levels are yet to match 2007-08 figures, but there are clear signs of a pick-up in business and tourist activity in the country after a slowdown following the Mumbai terrorist attack in November 2008. Domestic airlines too have reported a jump in demand and have hiked airfares. 

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