It's about Business in Kerala!
Kochi: The Kerala State Council of Confederation of Indian Industry (CII) has welcomed the Government’s decision to allow 51 per cent FDI in multi brand retail and 100 per cent in single brand formats in India. CII is of the view that FDI in retail will greatly boost organized retail in India and drive inclusive growth.
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Kochi: The World Malayalee Council (WMC) today announced that Captain Krishnan Nair, Chairman of the Leela Group and M G George, Chairman of the Muthoot Group, are among the 11 persons who have been selected for the inaugural edition of the Federal Bank Kerala Business Awards for 2011. The awards will be presented by Kerala Chief Minister, Shri Oommen Chandy at a function to be held in Kochi on September 11, 2011.
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Tvm: Videocon Group, the leading consumer electronics brand with diversified business interests in white and brown goods, will invest Rs.200 crores in Kerala to set up a state-of-the-art Electronic manufacturing unit. This was announced by Rajkumar Dhoot, MD of Videocon Industries at a function in Thiruvananthapuram to celebrate the completion of 25 years of its operations in Kerala.
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Kochi: The 38th Annual General Body Meeting of Apollo Tyres held today in Kochi declared an annual dividend of 50 % for the financial year ending March 31, 2011. The sales have moved up by 55% to Rs.28.2 billion for the first quarter ending June 30. The operating profit increased 20% to touch Rs.2.4 billion while the net profit rose 3.9 % to Rs.771 million during the same period. The company aims to become one of the top 10 global tyre companies in the next five years.
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