Royal Caribbean Cruises betting big on Indian passengers

Royal Caribbean Cruises Ltd, the Miami-headquartered world’s second-largest cruise line operator, is betting big on India’s untapped cruise potential, especially in terms of sourcing cruise passengers. Interestingly, according to a recent white paper published by the India Cruise Line Association (ICLA), various cruise line operators are targeting to source five million cruise passengers from India by 2020. In 2017, the number stood at 1.72 lakh and in 2018 it was 2 lakh, said Varun Chadha, COO, TIRUN Travel Marketing, the exclusive India representative of Royal Caribean Cruises Ltd.

Being intelligent is beautiful

Coughing up eight times the brand’s topline in campaign (from early days) may sound like a hyperbole, but that’s exactly what the Kolkata’s home-grown Joy Personal Care from the stable of RSH Global Pvt Ltd has done to become what it is today- one of the top eight personal care brands in the country in its own right. And not just in terms of spending, but also in case of selecting its brand endorsers and reflecting its brand philosophy, it has been breaking stereotypes. And the strategy has been paying off too.

Emami acquires Germany’s Crème 21

Homegrown FMCG major Emami on Friday said it has acquired a leading German personal care brand, Creme 21, for 11-12 million euros but the same will not be introduced in India anytime soon.

"It is our first international acquisition of this size in this segment. We had acquired a small company earlier. The brand has been acquired at around 11-12 million euro of little less than 1.5 times of sales of 8 million euro," Emami director Harsha V Agarwal said.

Light on Ladakh

The picturesque mountainous terrain in northern most part of India may so far be remembered with pride for a war well fought, but if things move the way it has been envisaged, the same Kargil and Ladakh will soon be known as housing the world’s largest single location solar photo voltaic plant, again with a sense of pride. Solar Energy Corporation of India (SECI), under the union renewable energy ministry, is promoting 5,000 MW (mega watt) and 2,500 MW solar power projects in Ladakh and Kargil.

ITC reports 4% rise in Q3 profit

Kolkata-headquartered diversified conglomerate ITC Ltd on Wednesday registered a 4 per cent YoY growth in its profit at Rs 3,209 crore, riding on a 30 per cent YoY rise in its other income in Q3 (Q3 other income stood at Rs 836.4 crore). Interestingly, ITC’s profit in the corresponding quarter of last fiscal stood at Rs 3,090 crore, which included an exceptional gain of Rs 413 crore.

Philips Carbon Black to fix southern location of Rs 600-crore project; net jumps 92%

RP-Sanjiv Goenka Group-owned Phillips Carbon Black (PCBL) will take a final call on the location of its proposed Rs 600-crore greenfield project, which will be in south India, by March, top company official said on Wednesday.

The company has been discussing with the state governments of Tamil Nadu, Andhra Pradesh and Telangana for setting up the plant which will have a capacity of 1,50,000 tonne per annum.

Exide brings in new range

Exide Industries Ltd, the country’s largest lead acid storage battery maker, has now rolled out a new range of next generation online UPS called Power NXT. Using cutting edge technology, these online UPS range is targeted at the burgeoning SOHO (small office home office) segment as well as large format retailers.

In battleground Bengal, Amit Shah rallies to counter Mamata’s mega Oppn show

The BJP will kick-start a three-day series of rallies to be addressed by party chief Amit Shah across West Bengal on January 20, a day after Mamata Banerjee's mega show featuring opposition leaders from across the country. The announcement by state BJP president Dilip Ghosh comes amid an apex court directive asking the state government to allow the saffron party to hold public meetings.

Jhawar family feud deepens, RoC summons officials

The family feud in the Kolkata-headquartered Usha Martin (UML), one of the world’s largest wire rope manufacturing company that is facing tough times – both financially and in terms of reputation – seems far from over.

Srei, Norway’s ECN in equipment import pact

Srei Equipment Finance, an arm of Kolkata-based Srei Infrastructure Finance (Srei), on Monday teamed up with Eksportkreditt Norge AS (ECN), a Norwegian state-owned provider of export credits, to facilitate financing of equipment import from Norway to India. The memorandum of understanding between the two companies was signed at the India-Norway Business Summit 2019, in the presence of the prime minister of Norway, Erna Solberg.