Amara Raja group targets revenue of $2 billion by 2015

Amara Raja group has grown from one company to seven companies with a turnover of Rs2,500 crore

Amara Raja Group, $500 million diversified conglomerate has unveiled a new identity coinciding with its silver jubilee celebrations. Marking the occasion the group chairman, Dr Ramachandra Galla announced setting up of Amara Raja Digital World City (ARDWC) and shared group's vision to achieve $25 billion revenue by 2025 and continue to create non-migratory jobs.

Launching the new identity of the group, Dr Galla, said, "The group has grown from one company to seven companies with a turnover of Rs2,500 crore, employing over 7,000 people across the country with 12 manufacturing units spread over four manufacturing complexes providing non migratory jobs."

Marking the occasion, Jayadev Galla, managing director, Amara Raja Batteries Ltd said, "The form of the new identity represents a generational change as we transform from a set of individual companies into a diversified group. The identity also symbolises the group's five core values through nature's five elements and articulated through its five colours. The baseline-'Gotta be a Better Way' reflects our attitude of constantly looking for better ways to do things."

ARDWC will be one of India's largest integrated electronics manufacturing parks. ARDWC spread over 500 acres is expected to create over 20,000 jobs. This project will fuel Amara Raja Group's aim to achieve $2 billion revenue by 2015.

Amara Raja Group consists of Amara Raja Power Systems Ltd, Amara Raja Batteries Ltd, Mangal Precision Products Ltd, Amara Raja Electronics Ltd, Galla Foods Ltd, Amara Raja Infra Pvt Ltd and Amara Raja Industrial Services Pvt Ltd. 

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SBI becomes signatory investor to Carbon Disclosure Project

The Carbon Disclosure Project is a global initiative for sustainable development

The country's largest lender State Bank of India said it has become a signatory investor to the Carbon Disclosure Project (CDP), a global initiative for sustainable development.

CDP collects data on carbon emissions from 5,000 large companies every year, including the top 200 Indian companies listed on the National Stock Exchange.

Signatory financial institutions stand to get affected by environmental costs which come back into their respective portfolios as insurance premiums, taxes, inflated input prices and the physical cost associated with disasters, a release issued by SBI said.

"CDP provides investors, insurance companies and banks a lens to evaluate these externalities and how they will impact their specific portfolio," it added.
On Monday, SBI ended 1.31% up at Rs2,791.50 on the Bombay Stock Exchange, while the benchmark Sensex gained 1.25% to 18,438.31.

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Honda launches new ‘Accord’, price tag upward of Rs19.6 lakh

Honda’s new ‘Accord’ will be available in two options, a 2.4-litre version costing Rs19.60-Rs20.36 lakh and a 3.5-litre variant with a Rs25.41 lakh price tag

Premium car-maker Honda Siel Cars India has launched an upgraded version of its Accord luxury sedan, priced between Rs19.60 lakh and Rs25.41 lakh.

"Our belief in constantly upgrading our products based on customer feedback prompted this launch of an upgraded version of the 'Accord' with unique styling in combination with luxurious features," Honda Siel Cars India (HSCI) president and CEO Takashi Nagai said in a statement.

The 'Accord' has registered sales of over 25,000 units since its launch in India, he added. The company had launched the eighth generation 'Accord' in May 2008, with 2.4-litre and 3.5-litre engine options.

The new 'Accord' will also be available in two options, a 2.4-litre version costing Rs19.60-Rs20.36 lakh and a 3.5-litre variant with a Rs25.41 lakh price tag.
The new Accord has more style, more comfort and more sophistication than ever before.

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