Friday, April 26, 2013

National

AB Group: New Buys

K. M. Birla is shopping

The Aditya Birla Group is showing a strong acquisition drive. The group has acquired over 26 companies in the past 15 years but the last two years have been specially frenetic. The group has, during this period, snapped over six big buys across the business spectrum. The most recent ones have been the acquisition of a controlling stake in Kishore Biyani’s Pantaloon and a 27% stake buy in Arun Poorie’s Living Media, which owns the popular magazines India Today and Business Today. Earlier, it had spent $340 million to acquire Domsjö Fabriker, a leading Swedish speciality pulp and bio-refinery company. Aditya Birla Chemicals had recently acquired the chloro-chemicals division of Kanoria Chemicals & Industries as well, for Rs.8.3 billion. Today, the Aditya Birla Group is a $30 billion corporation, and is in the league of Fortune 500 companies.

PC Market: Tough Competition

Lenovo overtakes Dell, HP, in India

There’s a new leader in the Indian desktop market, and it’s Chinese. Personal computer maker Lenovo has cornered the largest share in the overall Indian PC market, overtaking Dell and Hewlett-Packard (HP), as per the latest data released by market researcher IDC. Lenovo had a market share of 15.8% in the three months to March 31, compared to 10% in the previous quarter. Dell, at number two spot, saw its market share shrink by 2.6 %, while HP followed with a market share of 14.9% in the March quarter. Clearly, these top 3 PC makers have a tough fight on their hands in their bid to emerge as clear leaders. Considering the still low levels of PC penetration in the country, it will be interesting to see who garners the maximum share in the coming times. The big surge for Lenovo came due to a large order from the Tamil Nadu government to supply free laptops to graduating school children – a promise made during last year’s state assembly elections. A few months ago, Tamil Nadu announced the procurement of 900,000 laptops at around Rs.14,000 a piece.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
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