Weekly 2Weekly 2News update:News update:

30-08-2010 to 05-09-201030-08-2010 to 05-09-2010

Compiled by:Compiled by:Gurnoor Kaur Gurnoor Kaur

Mba-2(A)Mba-2(A)

Taiwan's HTC: iPhone's `quiet' challengerTaiwan's HTC: iPhone's `quiet' challenger

East Asia is the world's electronics factory, yet unless East Asia is the world's electronics factory, yet unless they are Japanese, producers are anonymous. they are Japanese, producers are anonymous.

Now HTC Corp., a Taiwanese maker of smart Now HTC Corp., a Taiwanese maker of smart phones, is moving out of the shadows and trying to phones, is moving out of the shadows and trying to establish its own brand name as it competes with establish its own brand name as it competes with Apple's iPhone. Apple's iPhone.

HTC supplies major US carriers Verizon, Sprint and HTC supplies major US carriers Verizon, Sprint and T-Mobile.T-Mobile.

Maruti Suzuki to build new auto plant in Maruti Suzuki to build new auto plant in Manesar; to produce 2.5L vehicles a yearManesar; to produce 2.5L vehicles a year

Japan's top minicar maker Suzuki Motor Corp. Japan's top minicar maker Suzuki Motor Corp. is to build a new auto assembly plant near is to build a new auto assembly plant near New Delhi in a bid to meet growing demand in New Delhi in a bid to meet growing demand in the country.the country.

Maruti Suzuki India Ltd., a local subsidiary of Maruti Suzuki India Ltd., a local subsidiary of Suzuki, plans to construct the new plant in Suzuki, plans to construct the new plant in Manesar near its assembly base, with Manesar near its assembly base, with operation scheduled to begin in 2013.operation scheduled to begin in 2013.

The plant, its third in Manesar, will be built at The plant, its third in Manesar, will be built at a cost of 30 bn yen (356 mn dollars) with an a cost of 30 bn yen (356 mn dollars) with an annual capacity of 250,000 vehiclesannual capacity of 250,000 vehicles

Rishad Premji is Wipro's new strategy bossRishad Premji is Wipro's new strategy boss

Rishad Premji, one of the heirs to Azim Premji’s Rishad Premji, one of the heirs to Azim Premji’s nearly $17-b empire, will get a chance to prove his nearly $17-b empire, will get a chance to prove his management mettle at the top echelons of Wipro after management mettle at the top echelons of Wipro after he was appointed chief strategy officer of India’s he was appointed chief strategy officer of India’s third-biggest software services exporter.third-biggest software services exporter.

““The changes will be effective January 2011. The changes will be effective January 2011.

However, Rishad will move into the strategy function However, Rishad will move into the strategy function from September 1, 2010.from September 1, 2010.

After bidding Tata good bye, Ratan wants After bidding Tata good bye, Ratan wants to just break freeto just break free

Ratan Tata, who has spent the better part of his life in Ratan Tata, who has spent the better part of his life in the last two decades unifying a disparate Tata group the last two decades unifying a disparate Tata group and giving it a vision and long-term focus, said he is and giving it a vision and long-term focus, said he is looking forward to the freedom that retirement brings.looking forward to the freedom that retirement brings.

Tata Sons, the holding company of the $71-billion Tata Sons, the holding company of the $71-billion

salt-to-software Tata group, announced a five-salt-to-software Tata group, announced a five-member panel in early August to choose a successor member panel in early August to choose a successor to Mr Tata, who has been chairman since 1991. to Mr Tata, who has been chairman since 1991.

This is the first such effort by an Indian business This is the first such effort by an Indian business group to professionalise the search for a new leader. group to professionalise the search for a new leader.

Britania develops energy snacks Britania develops energy snacks for anemic childrenfor anemic children

Develop a fortified energy snack under Develop a fortified energy snack under its Tiger Brandits Tiger Brand

Tied up with Tamilnadu & pondichery Tied up with Tamilnadu & pondichery states to supply this biscuit to various states to supply this biscuit to various mid day meal schemes.mid day meal schemes.

MD Vinita Bali told that there are no MD Vinita Bali told that there are no intentions to sell them in mass market. intentions to sell them in mass market.