6TH WEEKLY NEWS

NOKIA loses 20% market in six months

Nokia failed to keep pace with Rs. 30,000 mobile market in india, has seen market crash close to 20% in the first six moths of 2010.

Finnish company accounted for only 36.3% handsets sales in india due to growing competetion from new mobile makers, micromax, spice, lava etc.

NIKON to capture more market share

Japanese imaging product company NIKON plans to increase India’s contribution to 5% in the next three years from the current 1% .

Nikon will launch its new television commercial in india from this weekend.

Nikon is targetting 1800 retail outlets for in-store branding.

Corus logo to make way for Tata steel brand

Tatas have decided to replace the Corus name with Tata brand and logo

Corus joined Tata Steel family on April,007 after the jamshedpur based steelmaker paid $12 billion.

WAL-MART eyes Africa with $4.6 billion deal

Wal Mart stores the world’s largest retailer plans to buy Massmart holdings for $4.6 billion entering Africa in its biggest deal in more than a decade.

Massmart shares rose as much as 16.68 rand to 151.43 rand and traded at 149.5 rand giving the company a market value of about 30 billion rand.

IBM to boost Airtel IT infra to service 500 billion customers

US IT giant IBM will provide Bharti Airtel with an IT infrastructure that can support 500 million customers the globe.

Earlier this month Bharti Airtel took the initial steps to replicate its hugely successful outsourcing model in Africa by awarding a $1.5 billion contract to IBM for managing its IT requirement across 16 countries.