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IDBI Bank yet to begin Rs 13,000 cr syndication for RPower
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Oil & Natural Gas Corporation (ONGC) posted an increase of 23.38 per cent in net profit at Rs 3,053.58 crore for the quarter ended December 31, 2009, as compared to Rs 2,474.81 crore in the corresponding quarter last year. The state-owned company reported the highest net profit growth in the last six quarters.

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Volumes fall on Day 1 of extended trading
Extended trading hours starting today did nothing to boost the volumes on the bourses that opened nearly an hour earlier at 0900 hrs, as part of conscious efforts to align trade timing with the Asian markets.
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Nikon to go 'aggressive' on brand visibility

Digital imaging equipment maker Nikon plans to go "aggressive" with its marketing campaigns as it looks to take on rivals like Canon and Sony for brand visibility and gain better growth momentum in the country. - Images on the wall - Canon revenue up in Indian operations - Canon India to invest Rs 200-cr, launch 100 products - Nikon to focus on shop-in-shops,plans 100 Coolpix Zones in "09 - Japanese peace treaty - Canon to invest Rs 100 cr in India The company, which is targeting a 45 per cent market share in the Indian SLR market, said it is also planning to add another 30 exclusive outlets in all the major cities in the country. "Our aim in India is to be the No.1 brand in the next few years. So we will do everything that we think is lacking behind our competitors, like Canon and Sony. And that is to get more aggressive on marketing campaigns, particularly TV commercials, " Nikon Corporation Managing Director Operating Officer Nobuyoshi Gokyu told reporters here. Nikon, which today launched two models of digital SLR camera — D3000 and D300s — said it also look at possibilities to associate with celebrities in future as part of its marketing campaigns. "As of now, we do not intend to bring in any celebrities. But as we move forward we might look at it too," Nikon India Managing Director Hidehiko Tanaka said. However, the company will focus on rolling out several marketing initiatives for the festive season and other awareness campaign about SLR cameras across the country. "The size of SLR camera market is very small of around 17,000 units this year. Creating awareness about SLR cameras is what we will do, through seminars and other activities," Tanaka said. Besides, Nikon hopes to maintain a growth rate of 35 per cent and is scaling up its retail presence by the end of the year by adding another 30 exclusive outlets across the country. "We only have 10 outlets which are the Nikon Touch Zones in four metros. We plan to take to 40 stores by the end of this year," he said.


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