Weekly NewsSubmitted by:

Jagmohan Parmar

Panasonic India is all set to relaunch Japanese consumer durable brand Sanyo in the country by April next year.

Panasonic had bought the Sanyo brand for $9 billion.

Panasonic would introduce sound system, LCD, refrigerators and washing machines under Sanyo brand.

The company is eyeing $2 billion turnover from Indian operations by 2012.

Panasonic India to relaunch Sanyo brand

Amway India, planned to set up their second manufacturing facility in the country in South India.

The company, a 100 per cent subsidiary of US-based Amway Corporation, had been witnessing a 25 per cent year-on-year growth in its revenues.

For setting up the present manufacturing facility, the company has inked an agreement with Baddi-based vendor Sarvotham Care Ltd.

About 85 per cent of the company's products are manufactured by Sarvotham Care Ltd, Singh said. 

Amway planning second facility in India

PepsiCo India is in the process of creating its own low-cost foods business and increasing manufacturing capacities across its plants. 

Frito-Lay remains category leader in the Rs 3,000-crore salty snacks market with four local brands—Lehar, Uncle Chipps, Aliva and Kurkure—which hold a combined 55-60% share.

The multinational has been consistently losing share to local strongholds like Balaji and A-Top in the West and Haldiram and Bikanervala in the North. 

PepsiCo to set up low-cost foods unit

 South Korean steelmaker Posco's Rs 54,000-crore project in Orissa, mired in land acquisition problems, will soon get the required area for the plant, Steel Minister Virbhadra Singh said.

The world's third largest steelmaker, Posco, requires a total of 4004 acres of land in the Jagarsinghpur district of mineral rich Orissa. Most of the required land falls under the green cover.

Posco to get land soon for Rs 54,000 cr project

US-based Telcordia Technologies has said that it may consider legal action to protect its mobile number portability (MNP) ambitions in India if the telecom department revokes the licence given to its subsidiary to provide that service. 

The co. had planned to offer the services through its joint venture MNP Interconnection, a company in which it holds 74% of the shares.

Delhi-based Deepak Talwar Consultants holds the balance 26% in the JV. 

Telcordia may move court to retain MNP licence