Here i uploading the nice articles on the
Tata Tea has agreed to sell its 30 per cent equity stake in the US-based Energy Brands Inc — which owns the Glaceau brands of beverages — to Coca-Cola for $1.2 billion, pocketing a neat profit of about $523 million (about Rs 2,106 crore) in less than a year of its acquisition.
The deal follows Coca-Cola's decision to acquire the US company for $4.1 billion.
Tata Tea, through its indirect UK subsidiary, Tata Tea (GB) Investments Ltd, had picked up 30 per cent stake in Glaceau in August last year for $677 million, based on an enterprise valuation of $2.2 billion for the US company.
Coca-Cola, which had been eying Glaceau for quite some time, on Friday announced that it has reached an agreement to acquire the company and its full range of enhanced water brands for $4.1 billion in cash, including Tata's minority holding.
The Chinese gentlemen sit patiently in the lobby.
The Chinese gentlemen sit patiently in the lobby. Beyond the lobby, the office—in a blind alley in Gurgaon's Udyog Vihar—looks like that of a small company, hardly one that can give nightmares to Nokia, the largest multinational in India. But we have come to Micromax Technologies, which claims to have sold one million handsets in March 2010 alone! (Nokia sold around 50 million in India in 2009.)
Next stop: Karbonn. This handset brand claims to have sold 6,00,000 units. Not great, in a market estimated at 10-11 million handsets a month. But Micromax and Karbonn are among the 28-odd new players who now account for 20 per cent of the market. And Rahul Sharma, Executive Director of Micromax, doesn't bat an eyelid as he says: "For the past two months, we have been neck-and-neck with Samsung for the #2 slot."
According to technology consultancy IDC, Indian mobile handset sales in 2009 were at 100 million—same as in 2008. Naveen Mishra, IDC's Lead Analyst for Telecom, attributes this to the proliferation of handsets with two SIM card slots (dual-SIM), and 28 "new vendors" shared 12.3 per cent of the market. In the last quarter of 2009, these vendors, including Micromax, Karbonn, Lava and Olive, shared 17.5 per cent.