opep@iimraipur.ac.in Volume: 2 Issue:15 Date 26th

August, 2014 www.opepiimraipur.blogspot.in

Hero Cycles acquires 60% stake in German bicycle firm MIFA

Hero Cycles, the world’s largest cycle manufacturer, has acquired 60%

stake in German bicycle company MIFA for €15 million. The company

will be spending an additional €4 million as capital expenses in

restructuring the acquired company.

Flipkart to provide online platform for weavers

The Textiles Ministry on Monday inked a pact with homegrown e-

retailing major Flipkart to provide an online marketing platform to

handloom weavers across the country.Flipkart will provide weavers in

India an online marketing platform, infrastructural support in data

analytics and customer acquisition to help them get remunerative prices

for their products and scale up their business.

Maruti, Tata Motors, 12 Others Fined Rs. 2,545 Crore by Fair Trade

Regulator

In the first major order against the auto sector, the Competition

Commission today slapped a penalty of Rs 2,545 crore on 14 car makers,

including Maruti Suzuki and Tata Motors, for violating trade norms in the

spare parts and after services market.

With 18 days of operations, AirAsia India sees Rs 26-cr loss AirAsia has reported a net loss of about Rs 26 crore for its Indian joint

venture operations for the quarter ended June. The losses are primarily

because the venture operated only for 18 days in June, with only two

flights. Announcing its entry into India, the airline unveiled a Rs 5

promotional fare on the Goa route, but IndiGo went one up with Rs 1

fares on the same route.

Taguchi methods - Read about how

Genichi Taguchi's

revolutionary

advancements in

manufacturing and

quality saved Japan

after World War II

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