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Monday, May 08, 2017

Vistara plans to introduce signature drink for passengers
New Delhi:
Full service airline Vistara plans to introduce a "signature drink" and rework its menu choices for passengers onboard.

Vistara, which took to the Indian cities more than two years ago, is gathering details about its menus since inception before it decides on the changes.

The airline serves an average of 200 different kinds of meals on its network, covering breakfast, lunch, dinner and snacks, according to an official.

A joint venture between the Tatas and Singapore Airlines, Vistara changes its menus twice a year -- in April and during October-November.

"We are looking at reworking the menu. We are gathering details about the menus since start of the airline 2015 and that is to have a 360 degree approach before deciding on the changes," Vistara's Head of Cabin Services Gladys Chia told PTI.

'Rupee to be range-bound this week, to trade at 64-64.50'
The rupee is likely to trade in the 64-64.50 range this week on continuing foreign fund inflows, dollar sale by exporters and higher demand for the American unit from importers, say treasury heads at banks.

Market experts say the Reserve Bank, which has been intervening in the market to contain volatility in the rupee, will remain proactive.

"Overall the rupee has been strengthening this year due to higher foreign fund inflows due to reforms like GST. But now exporters are also selling dollars on one hand and they are started covering (buying dollars) their position on the other," FirstRand Bank Treasury Head Harihar Krishnamurthy told PTI.

The rupee is likely to move in 64-64.50 range against the greenback this week, he said.

Parle eyes 25% revenue from premium range in next 2-3 years
With an aim to create a distinctive identity for its premium products, biscuits and confectionery maker Parle has created a new division Parle Platina, and is eyeing a quarter of its revenue from this segment over the next two to three years.

"Brands like Hide & Seek, Milano, Mexitos and Simply Good are more futuristic and aspirational. These brands are very different from the mother brand, Parle. Hence, we wanted to create a distinct identity for these set of brands, and hence Parle Platina came about, which will consolidate our premium brands under one division," Parle Products Category Head Mayank Shah told PTI.

The new division will also include the company's gourmet snack offering Parle Mexitos.

Govt to set up 100 training institutes to skill drivers
New Delhi:
An agreement has been signed between the road transport and the skill development ministries to set up 100 driver training institutes in order to meet the rising demand for certified commercial drivers in the automotive, construction and logistics sectors.

Under the Memorandum of Understanding (MoU), the Ministry of Road Transport & Highways will allocate as the grant component Rs 1 crore for each of the 100 driver training institutes to be set up across the country.

The Ministry of Skill Development & Entrepreneurship will also allocate a budget for stipend to trainees to compensate the wage loss during the training period. The stipend will be limited to Rs 15,000 per trainee for the entire duration of the course.

Tata Motors expects 15% growth in CV exports
On the back of an over 11 per cent growth last year, largest commercial vehicles maker Tata Motors expects to ship at least 15 per cent more trucks and buses this financial year as it hopes to export at least half of the banned BS-III inventory.

The company also expects domestic sale of commercial vehicles, led by LCVs and buses, to grow 10-15 per cent in fiscal 2018 aided by a favourbale GST rate and the likely normal monsoons.

"We expect our exports to grow 15 per cent this year over last year when we grew over 11 per cent and for the first time crossed the 60,000-mark. This will be partly because we expect to ship at least 8,000 of the banned 15,000 BS-III trucks and buses in the Saarc markets, primarily Nepal, Sri Lanka and Bangladesh where we already have good presence, and also in the West Asian and African markets," executive director for commercial vehicles unit Ravi Pisharody told PTI.

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