Friday 23 January 2015

Top corporate news of the day - January 23, 2015

SpiceJet opened flight bookings beyond March 29 till October 24 this year, though the troubled low-cost carrier refrained from offering any deep discounts, pricing its tickets at par with key rivals IndiGo and Go Air.
 
Mumbai-based Tata Motors has priced its new-age hatchback Bolt attractively at Rs 4.65 lakh (ex-showroom, Mumbai) for the petrol version.
 
Kolkata-based Emami Ltd has made its third acquisition in six months by buying a controlling stake (66.67%) in Fravin Pty Ltd, an Australian organic personal care products maker.Emami did not diclose the size of the deal, but said that the acquisition would give it a foothold in the natural and organic personal care market, pegged globally at nearly Rs470bn.
 
At a time when apparel manufacturers are struggling due to weak demand, Ashapura Intimates Fashion (AIFL) plans to set up 100 retail stores in the next two years.
 
Planning to increase its market share in cars, Indian automotive major Tata Motors said it will launch two car models each year until 2020.

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