Spice

Spice to consider Cinven Proposal

Simon Rigby

The founder and former chief executive officer Simon Rigby of Spice expressed that an enhanced possible proposal from the private equity firm Cinven Ltd. Is a good deal towards the inclination point of view and must be considered by the board.

The U. K.'s biggest reader of water meters which is the board of Spice acclaimed today that the offer of 62 to 65 pence a share underestimate the company and it has not commenced the deal and went into the talks with Cinven group.

However the new perspective might value Spice at around 218 million pounds and 229 million pounds.

Spice to push hotspot chain in 7 metros

Spice to push hotspot chain in 7 metros

Across the main cities of Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru and Ahmedabad handset manufacturer Spice Mobility plans to substantially increase the number of its Spice Hotspot-branded phone stores.

As all the seven cities offer the company with large markets for mobile handsets priced above Rs 3,000it has chosen the cities.

According to B K Modi the global chairman of the Spice Group they will have both self-owned mobile handset stores and franchisee-owned stores in these cities.

Spice Mobiles launches S-7000, partners Disney for content

Spice Mobiles launches S-7000, partners Disney for content

Spice Mobiles has announced the launch of its new touchscreen handset S-7000 in the Indian market.

The S-7000 features a 3.2-inch WQVGA touchscreen display and digital surround sound. As for connectivity solutions it offers Bluetooth and also supports networking applications like Facebook and Nimbuzz.

The company is positioning the phone as a video phone and claims that it supports all video formats. The phone support RMVB, FLV, WMV, AVI, MP4, 3GP, MOV, DAT and RM video formats.

Spice Mobile Launches ‘D-6666’

Spice Mobile has announced the launch of its first flexi dual handset, D-6666.

The new mobile offers the flexibility to select between GSM+CDMA mode or GSM+GSM mode in a single phone.

The newly launched ‘D-6666’ will enable the users to easily switch between the pair of two GSM connections or a GSM and CDMA connection with the spice mobile technology without worrying about the technical complications.

Miscellaneous

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.

© Copyright 2010