Invest Now Newsletter
India Brand Equity Foundation CCXXXIII January 13, 2014
In This Issue
- Policy / Corporate Briefs
- Conversations on Brand India
- Focus (Telecommunications)
- Focus (Hospitality)
- Interview
Foreign institutional investors (FIIs) have invested nearly Rs 371,342 crore (US$ 59.63 billion) in the Indian stock market in the four years ended December 2013. The total investments in this period are significantly more than the boom years of 200508. This phase also generated the highest ever ownership by FIIs in Indian stocks. FII stakes in companies such as Axis Bank, HCL Technologies, NTPC, and Wipro, among others, recorded an all-time high in the September quarter. In the past four years, excluding 2011, FIIs have invested about US$ 20 billion each year.

Facebook has acquired Bangalore-based Little Eye Labs, a company that makes performance analysis and monitoring tools for mobile app developers. This is Facebook's first Indian acquisition, which could lead to many more. "We're acquiring Little Eye Labs, a company that produces world-class technology to help developers build more efficient products with Android," according to Mr Subbu Subramanian, Engineering Manager, Facebook.


Aparna Dutt Sharma
CEO
India Brand Equity Foundation

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World Economic Forum Annual Meeting 2014, Davos Platz, Switzerland, 22-25 January, 2014
Ordinary Indians, Extraordinary Enterprise
POLICY / CORPORATE BRIEFS
RBI allows NRIs to operate resident bank a/c on 'either or survivor' basis
Mumbai: The Reserve Bank of India (RBI) has allowed non-resident Indians (NRIs) to operate resident bank accounts on "either or survivor" basis. Such accounts will be treated as resident bank accounts and will be subject to all the regulations applicable to a resident bank account.
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Foreign investors pump in nearly Rs 4 lakh crores in four years ended December 2013
Mumbai: The foreign institutional investors (FIIs) pumped in nearly Rs 371,342 crore (US$ 59.63 billion) into the Indian stock market in four years ended December 2013. It has also resulted in the highest ever ownership by FIIs in Indian stocks.
Read more >>
Facebook acquires Bangalore based Little Eye Labs
New Delhi: Facebook has acquired Bengaluru-based Little Eye Labs, a company building performance analysis and monitoring tools for mobile app developers. This is the first Indian acquisition by Facebook, and is being touted as a door opener. "We're acquiring Little Eye Labs, a company that produces world-class technology to help developers build more efficient products with Android," said Mr Subbu Subramanian, Engineering Manager, Facebook.
Read more >>
Coal & Oil Group to invest Rs 10k cr in TN
Chennai: Dubai-based Coal & Oil (C&O) Group, plans to build a 1,200 megawatt (MW) thermal plant in Tuticorin district of Tamil Nadu for Rs 6,800 crore (US$ 1.09 billion). The company also plans to invest another Rs 10,000 crore (US$ 1.61 billion) to increase the capacity by 1,600 MW to 2,800 MW.
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Spanish olive oil body to invest 5 million in India, S-E Asia
Mumbai: Interprofessional Olive Oil from Spain, which is the professional body representing the olive oil industry in Spain, plans to invest 5 million (US$ 6.79 million) in India and South East Asia for the next three years. The apex body is supported by the Spanish Olive Oil Exporters Association (ASOLIVA) and has appointed Publicis Capital as its advertising agency.
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France's Lactalis to buy Tirumala Milk for $300 million
Mumbai: France-based Lactalis, the world's largest dairy products group, plans to buy Hyderabad-based Tirumala Milk Products for US$ 275-300 million.
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Toshiba to buy 26% stake in UEM India from existing shareholders
Mumbai: Toshiba plans to purchase a 26 per cent stake from its existing shareholders, including private equity (PE) investor, India Value Fund, in the unlisted water and waste management company, UEM India.
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Luxury watch brand Jaeger-LeCoultre applies for single brand retail
New Delhi: Swiss luxury watch brand Jaeger-LeCoultre has applied for a 100 per cent single brand application to enter the Indian retail market, becoming the first luxury company to apply for foreign direct investment (FDI) through this route after it was opened to fully-owned foreign subsidiaries.
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CONVERSATIONS ON BRAND INDIA
"The newly inaugurated T2 showcases India's ability to build world class infrastructure."

Aparna Dutt Sharma
Chief Executive Officer
India Brand Equity Foundation
India: A new chapter in aviation industry

India: A new chapter in aviation industry
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FOCUS (TELECOMMUNICATIONS)
FIPB gives go-ahead to Tesco, Vodafone investment proposals
New Delhi: The Foreign Investment Promotion Board (FIPB) has approved two major investment proposals: the UK-based Tesco's plan to enter the Indian multi-brand retail segment with an initial outlay of Rs 680 crore (US$ 109.90 million) and Vodafone Plc's offer to raise its stake to 100 per cent in the Indian venture paying over Rs 10,000 crore (US$ 1.61 billion).
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Telenor raises stake in Indian unit Telewings to 74 per cent
New Delhi: Telenor has raised its stake in its Indian unit, Telewings, to 74 per cent by investing about Rs 1,000 crore (US$ 161.49 million), and reiterated its commitment to the world's second largest telecom market. Telenor Group confirms that subsequent to receiving approvals, it has made additional investments in India.
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FOCUS (HOSPITALITY)
Hilton Worldwide opens Hilton Garden Inn in Thiruvananthapuram
Thiruvananthapuram: Hilton Worldwide has opened its affordable yet upscale brand of hotel, Hilton Garden Inn at Thiruvananthapuram. Hilton Worldwide also plans to launch its operations in prime city centre locations across India.
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India bigger market than China for Le Cirque
Mumbai: India is the biggest Asian market than China for US-based restaurant chain, Le Cirque. It has opened a restaurant in Mumbai and is set to open in Chennai and Bengaluru.
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INTERVIEW
Mr Kenichiro Hibi, India MD, Sony, on India a bigger market for Sony than Japan
"Sony wants India to become its No. 3 market. It's targeting a big sales push that may see the country overtake its home base of Japan, driven by smartphones, the segment that's growing the fastest for the company."
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Mr Subir Pal, Head-Country Business Development and Marketing, ABB India Ltd, on large uptake of gear in the power distribution segment
"New technology and products are set to drive the Indian power sector. We hope 2014 will be a better year than 2013 with more stability in governance and policy-making, which will help companies perform better."
Read more >>
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