Category: Brands

  • Nokia acquires Alcatel-Lucent for EUR 15.6 billion

    Nokia acquires Alcatel-Lucent for EUR 15.6 billion

    NEW DELHI: In a major announcement, Nokia and Alcatel-Lucent have decided to merge capabilities for enabling the next wave of technological change including the Internet and transition to the cloud. Nokia coughed up EUR 15.6 billion ($16.6 billion) to acquire Alcatel-Lucent.

     

    The new company, to be known as Nokia Corporation, will have more than 40,000 R&D employees.

     

    Alcatel-Lucent shareholders will own 33.5 per cent while Nokia shareholders would own 66.5 per cent in the new corporation.

     

    Risto Siilasmaa will be chairman and Rajeev Suri will be CEO of the new corporation. It will be headquartered in Finland.

     

    The combined company expects to target approximately EUR 900 million of operating cost synergies. The proposed company would have had net sales of EUR 25.9 billion on a FY 2014 combined basis, a non-IFRS operating profit of EUR 2.3 billion, a reported operating profit of EUR 0.3 billion, and R&D investments of approximately EUR 4.7 billion.

     

    However, Alcatel-Lucent’s Bell Labs and Nokia’s FutureWorks, as well as Nokia Technologies, which will stay as a separate entity with clear focus on licensing and the incubation of new technologies.

     

    The new company will be in a position to accelerate development of future technologies including 5G, IP and software-defined networking, cloud, analytics as well as sensors and imaging.

     

    Alcatel-Lucent and Nokia have strength in the United States, China, Europe and Asia-Pacific. They will also bring together the best of fixed and mobile broadband, IP routing, core networks, cloud applications and services.

     

    Consumers are looking to access data, voice and video across networks of all kinds. In this environment technology that used to operate independently now needs to work well together. Nokia and Alcatel-Lucent are uniquely suited to helping telecom operators, internet players and large enterprises address this challenge.

     

    The combined company’s Board of Directors will have nine or ten members, including three members from Alcatel-Lucent, one of whom would serve as vice chairman.

     

    The combined company would target approximately EUR 900 million of operating cost synergies to be achieved on a full year basis in 2019, if the deal is finalized by the middle of 2016.

     

    The combined company would target approximately EUR 200 million of reductions in interest expenses to be achieved on a full year basis in 2017.

     

    Suri said, “We have hugely complementary technologies and the comprehensive portfolio necessary to enable the internet of things and transition to the cloud.  We will have a strong presence in every part of the world, including leading positions in the United States and China.”

     

    Alcatel-Lucent CEO Michel Combes added, “A combination of Nokia and Alcatel-Lucent will offer a unique opportunity to create a European champion and global leader in ultra-broadband, IP networking and cloud applications.”

  • LG Music Flow with Google Cast launched in US

    LG Music Flow with Google Cast launched in US

    MUMBAI: LG Electronics USA announced the availability for the LG Music Flow family of Smart Hi-Fi speakers and sound bars, which are among the first devices to feature Google Cast.

     

    LG’s Music Flow is a smart Hi-Fi audio system that takes the experience of reconnecting with music to a whole new level. Google Cast will allow anyone to send music from their Android phone or tablet, iPhone, iPad, Mac, Windows laptop or Chromebook to their Google Cast-enabled LG Music Flow audio speakers and sound bars.

     

    The versatile LG Music Flow Wi-Fi audio lineup for the United States includes the company’s first battery-powered Portable Wi-Fi streaming speaker (Model H4), three additional Wi-Fi streaming speakers (Model H3/H5/H7), and three new Wi-Fi streaming sound bars (Model LAS751M/LAS851M /LAS950M). Each model can be controlled using LG’s intuitive Music Flow mobile app for various Android, iOS or Chromebook mobile devices.

     

    A key competitive advantage for LG Music Flow devices is that they have Google Cast built-in so users will be able to stream music from their mobile devices and listen to tunes from their favorite online music services, including Google Play Music, Pandora, Songza, TuneIn, iHeartRadio and Rdio, among others. Listeners can enjoy higher audio quality than what they would hear with a Bluetooth speaker because the music is sent from the cloud, not a mobile device.

     

    “We are pleased to announce that LG Music Flow will be among the first devices in the market to feature Google Cast. With Google Cast, music lovers will enjoy a customizable premium sound experience with virtually limitless music options,” said LG Electronics USA vice president of marketing David Vanderwaal.

     

    Users can enjoy audio quality beyond what traditional audio systems have offered with Music Flow and Google Cast because the music is sent from the cloud, not mirrored from the mobile device. This particular aspect of Google Cast ensures that other phone operations such as incoming calls or text messages do not disrupt the playback.

     

    LG has integrated additional streaming partners including the popular services Deezer and Spotify to complement customers’ personal music collections. Spotify users can take advantage of Spotify Connect, which will act as a remote, allowing them to control their LG Music Flow speakers through the app.

     

    LG Music Flow is designed to be modular, so customers can start with just one speaker and add more over time to create a customized listening experience throughout their home.

  • Godrej Nature’s Basket partners with Amazon India

    Godrej Nature’s Basket partners with Amazon India

     

    MUMBAI: Godrej Nature’s Basket, a retail destination for food from across the world, has tied up with Amazon.in. With this, the Indian and international gourmet range from Nature’s Basket has extended its reach to over 19,000 pin codes across India.

     

    Godrej Nature’s Basket MD Mohit Khattar said, “The partnership with Amazon.in is a step forward for us in exponentially increasing our brand’s connect with discerning customers across the country and making available our choicest products for their consumption. We continue to aim to make food shopping a bigger, better and brighter experience for customers by making it easier for them to source the finest from around the world.”

     

    Godrej Nature’s Basket has listed a wide range of products on the online marketplace www.amazon.in, in the first phase and the range will increase exponentially in the coming months. The brand will also introduce its gifting options range on the platform. Godrej Nature’s Basket gift hampers, catering to discerning and quality conscious customers, will make its debut soon.

     

    Amazon India director seller services Amit Deshpande added, “We are excited to have Godrej Nature’s Basket as a seller on the platform. They have regularly set benchmarks for the retail industry and we do believe this partnership will help them redefine gourmet retail. Together we will provide our customers across the country a convenient and easy access to a wide and unique selection of Gourmet products.”

  • Gionee doubles promotional budget to Rs 250 crore in FY16

    Gionee doubles promotional budget to Rs 250 crore in FY16

    KOLKATA: China-based phone maker Gionee, which has come on board as the principal sponsor of Kolkata Knight Riders (KKR) in the eighth season of the Indian Premier League (IPL), is planning to double its promotional budget to Rs 225 – 250 crore in the current fiscal 2015-16 from Rs 132 crore earmarked last fiscal.

     

    Additionally, to support the growth story of its marketing and branding plans, Gionee, which replaced Nokia as the principal sponsor for KKR, hopes to capitalize the team’s huge following in its home state to grow its market share from six per cent currently to 10 per cent in Kolkata by the end of this fiscal year. The firm clinched the three-year deal for approximately Rs 54 crore.

     

    Gionee entered the Indian market in 2013 and currently has a four per cent market share in the Indian mobile phone market. The company is hopeful that the KKR sponsorship will help double its market share to eight per cent in the Indian mobile space.

     

    “Our numbers in Kolkata are already ahead of the national figures, we are expecting that this initiative will take us to a double-digit share in Bengal,” said Gionee India country MD and CEO Arvind Vohra.

     

    On its association with KKR worth Rs 54 crore, Vohra hinted that it will give the company the extra push to achieve the target figures.

     

    When asked about the synergies between the two brands, the official said that Gionee Communication and KKR owner Shah Rukh Khan share a lot of common qualities. “Both Gionee and SRK started at the bottom and have risen to the echelons of their fields,” he said.

     

    Popular for it’s ‘world’s slimmest and sexiest phone,’ Gionee differentiates itself on its unique offering. Vohra plans to keep his customers hooked by constantly innovating the product.

     

    At present, it runs through a joint venture (JV) model with Syntech technologies. The company, which currently works on an outsourcing model, aims to have its own ‘Make in India’ manufacturing unit in year’s time. Gionee is planning to invest Rs 300 crore in building a manufacturing facility in India.  The firm, which sold 40 lakh mobile phones in the country in 2014-15, might go for contract manufacturing in order to kick-start mobile production in the country.

     

    Majority of its 10-12 new phone models that are slated to launch this year, would be manufactured in India. The firm has already appointed E&Y to advise it on setting up manufacturing facility, which might also produce phones for neighbouring countries.

     

    Talking about other states, Vohra said that Gionee has already achieved double-digit shares in markets like Rajasthan and Gujarat.

     

    When queried about the company’s turnover targets, Vohra said that the company is looking at a 100 per cent growth in the coming fiscal.

  • PepsiCo CEO Indra Nooyi hails Modi’s ‘Make in India’ initiative

    PepsiCo CEO Indra Nooyi hails Modi’s ‘Make in India’ initiative

    KOLKATA: Indian Prime Minister Narendra Modi’s call for ‘Make in India’ would help boost up manufacturing and employment in the country, PepsiCo chairman and CEO Indra Nooyi said on Saturday.

    Nooyi, who heads the Fortune 500 company, also said that business success nowadays is measured on quarter-on-quarter or year-on-year basis. 

    “I think the PM is absolutely right on this. It creates a manufacturing base and employment,” said Nooyi, during a brief media interaction at Indian Institute Management, Calcutta (IIM-C) convocation, in Kolkata. 

    She informed that almost everything that her company sells here is “Made in India.” 

    Answering a query as to whether her company was looking to promote its Rs 33,000 crore investment plan by 2020, Nooyi quipped, “That’s a lot of money… let’s get on with that.”

    Talking about the success of business, she said, “Most successful businesses are those, which focus on the long-term. The most successful companies are the ones that create value over the long term for employees, for shareholders, and for the greater community.” 

    “We’re working every day to build a more balanced portfolio, to conserve natural resources, and to create diverse, inclusive workplaces, because we understand that long-term growth is contingent upon a healthy relationship between a company, its community, and its consumers,” Nooyi said. 

    She further said that challenges faced by India are inter-connected, which demands solutions and leadership. 

    “We still face complex challenges like inequality, climate change and resource scarcity that demand solutions and leadership. Making these challenges even more complex is the fact that they are all interconnected. You cannot dive into one issue without touching another,” Nooyi said.

    In her concluding remarks, Nooyi said that though the county has made a lot of progress over the last four decades, India has a long way to go going forward.

  • Godrej Hit ties-up with Mumbai dabbawallas to sensitize 100,000 homes

    Godrej Hit ties-up with Mumbai dabbawallas to sensitize 100,000 homes

    MUMBAI: Godrej Hit has joined hands with the Mumbai dabbawallas to sensitize 100,000 homes. The aim is to educate consumers that cockroaches spread diseases hence the need to eliminate them with Lal Hit.

     

    To achieve this objective, Hit will be present across key media touch points like TV, print and digital media on World Health Day (7 April).

     

    Each dabba will carry a message tag and consumers of dabbas will get an opportunity to participate in a contest by sending name of disease spread by cockroaches to 9902099020 and win prizes.

     

    Godrej Consumer Products Home Care EVP marketing Ajay Dang said, “GCPL has always focused on making the lives of their consumers brighter and better. Through Godrej Hit, the leading household-insecticide spray, GCPL has been creating awareness that cockroaches invade our homes from dirty drains and sewer pipes and hide in the corners and crevices of the kitchen, which are out of our reach and spread diseases by contaminating food, water, utensils etc.”

     

    Supporting the WHO campaign, Hit has taken a step forward to spread awareness that cockroaches spread diseases by contaminating the food therefore to protect children and family’s health we need to eliminate the cockroaches from our home and kitchen.

  • Adlabs Imagica and Aquamagica exceed the 1 mn visitor mark in FY 2014-15

    Adlabs Imagica and Aquamagica exceed the 1 mn visitor mark in FY 2014-15

    MUMBAI: Adlabs Imagica, India’s first and only International standard Theme Park and the recently opened water nation Aquamagica celebrate the milestone record of exceeding 1 million visitor arrivals in the Fiscal Year 2014-15. The Theme Park and Water Park have entertained guests with unique and never seen before experiences in the magical land created by Adlabs Entertainment Ltd. The parks witnessed visitors from not only regions in close proximity like Maharashtra and Gujarat but also other parts of the country like Delhi NCR, Bangalore, Rajashthan, West Bengal, Punjab amongst others.

     

    With growing popularity across the country, this summer Adlabs Entertainment Ltd. is all set to invite holiday – goers to their one-of-its-kind complete entertainment destination. Visitors can experience Imagica, Aquamagica and adding to the destination is the soon to open Novotel Imagica Khopoli that will have 287 rooms coupled with various other attractive facilities during their visit. Thedestination has been created to enable Indian families to enjoy international standard entertainment and value for money experiences without the need to travel overseas.

     

    On the occasion, Adlabs Entertainment CEO Kapil Bagla said, “We are extremely happy on crossing the 1 million visitor mark at our parks, Imagica and Aquamagica in the last financial year. We have already kickstarted the new financial year with the first few days of April hitting new peaks in terms of the number visitors with the Imagica 2nd Birthday Celebrations. We are targeting a 400 per cent growth over last April and are confident of achieving the same after witnessing an over a 300 per cent year on year growth in March ’15.”

     

     

  • Kalyan Jewellers launches in Chennai; unveils star-studded campaign

    Kalyan Jewellers launches in Chennai; unveils star-studded campaign

    MUMBAI: Kalyan Jewellers has launched a new multimedia campaign to announce the inauguration of its flagship showroom in Chennai later in the month. 

     

    The campaign focuses on Kalyan Jewellers bringing the world’s largest jewellery collection to Chennai. It features the company’s national brand ambassadors Amitabh Bachchan, Aishwarya Rai Bachchan as also regional ambassadors Prabhu Ganesan, Akkineni Nagarjuna, Shivaraj Kumar and Manju Warrier. Prabhu’s son Vikram is also part of the campaign.

     

    Kalyan Jewellers executive director, marketing and operations Ramesh Kalyanaraman said, “Chennai is the single largest jewellery market in the country and it was important that the campaign appropriately reflected our strength of size and scale in bringing the largest and finest collection of jewellery to Chennai’s discerning customers. Kalyan Jewellers will bring the finest shopping experience to cater to the distinct demands of jewellery connoisseurs in Chennai.”

     

    The new showroom is spread over 40,000 sq. feet and will display 600 kg of jewellery, offering more than five lakh contemporary and traditional designs.

     

    The three-phased ad campaign is targeted at SEC A, B groups and will initially break on television followed by digital, print and outdoor.

     

    The campaign has been designed by Push Integrated Communications. “The creatives attempt to communicate the proposition of the world’s largest gold and diamond jewellery collection at Kalyan Jewellers, captured in a candid, friendly manner on camera. The teaser films released on leading TV channels has Amitabh Bachchan talking to Prabhu and Aishwarya Rai Bachchan on his desire to learn Tamil in light of his visit to Chennai for the launch of Kalyan Jewellers,” said Push Integrated Communications managing director VA Shrikumar Menon.

  • Carnival gets the green signal to acquire Big Cinemas

    Carnival gets the green signal to acquire Big Cinemas

    NEW DELHI: The acquisition by the Carnival Group of the Big Cinemas chain owned by Anil Ambani’s Reliance MediaWorks has been cleared by the Competition Commission of India (CCI).

     

    It is learnt that the South India-based Carnival Group had offered $112 million for Big Cinemas in December 2014. 

     

    In January this year, Carnival also acquired Stargaze Entertainment’s cinemas. The company now has a total of 330 screens, making Carnival India’s third largest multiplex operator. The Inox group has 361 screens while market leader PVR has 454.
     

    The proposed transaction will reduce Reliance Capital’s overall debt by Rs 700 crore and is part of Reliance Capital’s strategy to exit minority investments.

    CCI said in its order that “the proposed combination is not likely to have an appreciable adverse effect on competition in India.”

    Under the agreement executed on 14 December, 2014, the film exhibition business of Reliance MediaWorks along with the food and beverages business, which is a part of the film exhibition business (but excluding all forms of film exhibition through Internet, mobile or television of Reliance MediaWorks), would be transferred to Cinema Ventures Private Ltd (CVPL) – a subsidiary of Reliance MediaWorks.
     

    As many as 88 cinemas (72 multiplexes and 16 single screen cinemas) operated by Reliance MediaWorks having 238 screens are proposed to be transferred by Reliance MediaWorks to CVPL.
     

    Following this, Carnival will acquire 98 per cent stake in CVPL whereas a director of Carnival will acquire the remaining two per cent shareholding.
     

    “It is noted that pursuant to the proposed combination, there are overlaps between Carnival, Stargaze and Reliance MediaWorks with respect to the multiplexes in seven cities namely Indore, Mumbai, Dindigul, Ghaziabad, Dehradun, Raipur and Ajmer,” the order said.
     

    However, CCI observed that in Indore, Mumbai, Ghaziabad, Dehradun, Raipur and Ajmer, “competition concerns may not arise as there are other multiplexes in these cities exercising competitive constraint on the acquirer pursuant to the proposed combination in terms of the pricing and services offered within the cinemas.”
     

    In the case of Dindigul, it was stated that “it is unlikely that the combination would result in increase in prices or would have an adverse impact on the amenities provided to the consumers in Dindigul.”
     

    The deal struck between Carnival Cinemas and Reliance MediaWorks will exclude Imax Wadala (Mumbai) and some other properties worth Rs 200 crore.
     

    Reliance Capital is the parent firm of Reliance MediaWorks, which operates one of the largest cinema chains, under the brand BIG Cinemas.