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Govt to look into non-delivery of flats by Maytas Properties
Ruling out any bailout package for Maytas Properties, the government today assured the NRIs of working a solution to non-delivery of flats sold by the firm promoted by kins of disgraced Satyam founder B Ramalinga Raju.

Religare plans $500-million pan-Asia fund
After venturing into the private equity (PE) space earlier through a joint venture, financial services provider Religare is now planning to go solo.

News of the day

Vedanta seeks Orissa's help to restrict movement of international NGOs
The Vedanta Group has asked the Orissa government to restrict the entry of foreign non-government organisations (NGOs) in the area where it proposes to mine bauxite, as part of its $8-billion project in the state, saying they were instigating locals. “These NGOs comprising Survival International and Action Aid are instigating locals to go to the hill top, where we have proposed to mine bauxite, and set up houses. The Orissa government has already said there is no tribal population in our proposed mining site. Such efforts by these NGOs are aimed at harming the project and investments in the state; their movement has to be regulated,” Vedanta Aluminium Ltd COO Mukesh Kumar told PTI.
Small Business

GSK Consumer to focus on health food drinks

FMCG and healthcare company GlaxoSmithKline Consumer Healthcare (GSKCH) is planning to undertake a special campaign this summer to drive growth in the health food drinks category, consisting of the "Boost" and "Chocolate Horlicks" brands. "We started this campaign with Chocolate Horlicks in 2006 and this year we have extended the campaign to Boost as well. This innovative campaign is targeted towards driving consumption in the Health Food Drinks (HFD) category in the summer months," GlaxoSmithKline Consumer Healthcare General Manager (Modern Trade) Adityea Kapoor told PTI. Asked about the target customer, Kapoor said: "This campaign is to encourage cold consumption of our brands amongst children even in the summer. Children and mothers are the target audience, children being the actual consumers and mothers being the shopper." In addition, GSKCH has also introduced a special limited edition pack of Butterscotch Horlicks which will be available only in the summer months.


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