New chairman for Coca Cola

(Kent and Isdell)

Muhtar Kent the chief executive of Coca Cola was elected as the new Chairman by the board of directors as the former chairman Neville Isdell retired following the companies annual meeting in Atlanta.Kent had also been the chief executive of Efes beverage group which is a major shareholder of Coca Cola Icecek.Under him the revenues of the company tripled and the market capitalisation increased by 250%.He became the CEO of Coca Cola on July 1,2008 after Neville Isdell became the chairman.

As always,expectations are high from Mr Kent and is speculated that CC goes to new heights with him as the boss.

Indian Hotels to aquire Sea Rock Hotels

IHCL seems to be in negotiations aquire Mumbai based Sea Rock Hotels for an estimated Rs 650-700 crore.The aquisition will take place from Delhi base Claridges group which had bought the hotel in 2005.The hotel had been closed since 1993 when it had been blown up by the Bombay blasts until Claridges decided to buy it out.As Sea Rock is just across the road from Taj Land's end,post deal an integrated complexis planned.The resulting site may be similar to Taj Mahal palace at the gate way of India.The hotel is said to posess about 400rooms.If the deal is successful Taj will have four properties in Mumbai.This is a very confident step by Taj as it is already involved in the renovation of the property damaged by the current blasts which took place in Mumbai.This step will also add another luxury site to Mumbai where swaths of foreigners are found at all times of the year.

Rains wash away TRPs in SA

The new venue for IPL this year does not look like an exciting one as niether the crowd nor the advertisers seem to enjoy the sport which is evident from the low scoring games and bashed up TRPs.The icing on the cake is "RAIN" which is also playing spoilt sport.SET max which had saved about 15% of its advertising inventory to sell at a premium at 30-40% profit later is now in an awkward situation.All this drives us to contemplate the fate of IPL if it had been played in India.Though elections and the terrorist attacks in a way daunted the authorities ,but cricket in India is always a hit especially when it is IPL season.On the contrary if a terror attack would have struck then India would not have visiting teams for a long time.I feel that the right venue for IPL is India else the season can be utilised to play some other form of the game.As the topic raised is very debatable ,i seek many comments from the blog readers.

Johnny Depp

Johnny Depp to star in Shantaram

Johnny Depp has evinced interest in working in the movie Shantaram based on the novel by Gregory David Roberts.The movie will be directed by Mira Nair and will be distributed by Warner Bros.The movie is about the life of a convict who escapes from an Australian jail and beciomes a slum dweller in Mumbai.The movie will have scenes from the Leopold Cafe which was blown up by hte blasts on 26th Nov,08.

Renault's India plans on hold

French automaker Renault has put its plans on hold to infuse its cars in the Indian market owing due to the global meltdown.The plant had been set up in Chennai.The company had stopped hiring for its production activities in Chennai.Though according to an indian employee the production plans will be defrozen according to the companie's wish without any delay.

Tata Motors Strikes again!!!

After the Nano,Tata Motors is coming up with its new brand of World Trucks.The trucks are expected to come out in the market in the month of June.The new variety of trucks will be costlier than the ordinary and will replace its 180-200 hp engines with the 200-500 engine range.The trucks will be designed by Tata Motors and its subsidiary Daewoo Commercial Motors.These superior quality trucks will be competition for other brands like Volvo and Mercedes.The companies tie up with Daewoo emboldened it to come up with its own variety of wold trucks.the trucks are expected to come out simultaneously in India as well as Korea.

The launch of this brand exemplifies the companies love for innovation and giving its consumers something new each time.Tata Motors with its easily affordable Nano is aleady expected to revolutionise the lives of millions who had never dreamt of a car in their lives.Similaly the new variety of trucks will prove to be a boon for many businesses which earlier depended on the stereotype Indian trucks,though unlike Nano this variety will be costlier than the rest.Though the exact price is not out(Tata policy!!) we can guess the price right here.