1. NEWS TIME 12 Sep-18 Sep,2010

2. Most honey brands contaminated: The Centre for Science and Environment (CSE) claimed Leading honey producers — Dabur, Baidyanath, PatanjaliAyurveda, Khadi, Himalaya — all had two to four antibiotics in their products

3. Coffee makers plan to raise rates India is the world’s sixth-largest coffee producer in world Coffee chains such as Cafe Coffee Day, Costa Coffee and Fresh & Honest have raised menu prices to cope with coffee’s biggest global rally in five years. Costa Coffee, owned by UK-based Whitbread, which runs close to 60 cafes in India through its franchisee partner Devyani International with CEO SanthoshUnni, hiked prices by 6% in June. The country’s largest coffee chain, Cafe Coffee Day, owned by Bangalore-based Amalgamated Bean Coffee Trading Company (ABCTCL), hiked prices by 6% about four months ago across its 972 cafes in 142 cities Nestle owned Nescafe, and Tata Coffee brand Eight O’Clock are also likely to raise prices shortly

4. Jivo to invest Rs 45 cr for setting up plant in Punjab Canola oil importer Jivo Wellness will set up a crushing-cum-refining facility at Sangrur in Punjab within a year with an outlay of Rs 45 crore. Jivo has already started Canola plantations in Punjab, Rajasthan and Uttra Pradesh on about 10,000 acres of area to reduce its dependence on imports. The company imports canola oil from Canada, but sells under its own brand name, Jivo Canola Oil, after bottling it at a plant near the national capital Jivo expects around Rs 100 crore turnover by 2012 and hopes to take it to Rs 300 crore by 2015. The per capita consumption of edible oil in India is 11.5 kg/year, which is way below the world average of 18 kg. A Chinese consumes 17 kg edible oil per annum, on an average. According to a Rabo India Finance report, edible oil demand in India is likely to go up to 20 million tonnes by 2015 from 14.7 million tonnes now.

5. GSK to invest Rs 300 crore in Horlicksrelaunch Packaged consumer goods company GlaxoSmithKline Consumer Healthcare (GSKCH) would invest over Rs 300 crore on repositioning original milk food drink Horlicks as the company’s umbrella brand Recent category extensions of Horlicks, estimated to be a Rs 1,500-crore-plus brand, include biscuits, cereal bars and instant noodles ShubhajitSen, E-VP (marketing) at GSK said recent category extensions of Horlicks, estimated to be a Rs 1,500-crore-plus brand, include biscuits, cereal bars and instant noodles

6. Gitanjali Gems ropes in KPMG to help restructure business Gitanjali Gems, a listed jewellery company that owns brands such as Nakshatra and D’damas, has engaged consulting firm KPMG to help restructure its business. The company has five major businesses. These include manufacturing of diamond and jewellery, brands, retail stores, construction and international retail stores The company said in an announcement to stock exchanges that the board has decided to explore the potential merger of subsidiaries, demerger and other forms of restructuring, or acquisition, or spin-off with the ultimate aim of enhancing and unlocking shareholder value. The company’s share price closed flat at Rs 211 as the announcement to the stock exchanges was made after market hours. The company’s book value is Rs 244.39 crore

7. Reliance Brands sets up JV with Italian luxury menswear co MukeshAmbani-led Reliance Brands on has set up a joint venture with Italy's ErmenegildoZegna Group to explore opportunities in the domestic market. planning to set up more than 10 stores across 6-7 cites by 2015, beginning with a single-brand boutique to be opened in Hyderabad in October ErmenegildoZegna Group has been present in India since 2003 Reliance Brands began operations in October 2007 with a mandate to launch and build international and domestic brand equity in the premium to luxury segment across apparel, footwear and lifestyle businesses

8. Voltas going slow on bidding for Middle-East projects Air-conditioning and cooling products maker Voltas Ltd, part of the diversified Tata Group, is going slow in bidding for electromechanical projects in the Middle East as rising competition in the region squeezes profit margins The firm's overseas operations contribute to over 41 percent of the total revenues. The cooling products maker, expects volumes in its unitary cooling business to grow at 30-35 percent year-on-year. Revenues from the unitary cooling segment rose 41 percent in in the June quarter of the current fiscal from the same period a year ago.