Canon eyes Rs 200 cr from inkjet printers biz, woos students
Technology giant Canon India aims to garner Rs 200 crore revenue this year from inkjet printers as it repositions to woo school students to push sales from this segment.Canon, which has 20 products under 'Pixma' brand in the inkjet category, will also bring out a new campaign as well as roll out new products to grow its market share to 25 per cent this year."We wanted to connect with school going kids and engage with them. Students of today are comfortable using smart devices including cloud and wi-fi printing. Our new PIXMA Ink Efficient range is designed to combine creative printing with incredible cost-per-print savings," said Canon India Executive Vice President Alok Bharadwaj. Canon will invest Rs 18 crore in advertising and promotions for the new campaign, aimed at students aged 9-19 years, he added."While students can be great influencers for purchasing decision today, they are also customers of tomorrow. With 300 million students in India, building our brand in their mind is a big business of tomorrow for us," he said.inkjet printer market is estimated to be growing at about eight per cent (12 lakh units annually), of which a substantial number is consumed by students given its economical printing rate. Canon claims to have 23 per cent share of the segment.
RBI Dy Guv Gandhi asks bankers to be innovative on home loans
Reserve Bank Deputy Governor R Gandhi on Wednesday asked lenders to be more financially innovative in designing home loan products and suggested creation of a periodic deposit-linked facility.
"There is a need with respect to financial innovation, with respect to loan products. One such product would be savings-induced home loans or a home loan deposit," Gandhi told a gathering of realty players in Mumbai.
Gandhi, who handles banking operations and development at the central bank, said such a product will help lenders understand their customers in a better way on parameters like repayment capacity and also make the margin money available for the property purchase.
"The willing customers may be induced to generate a savings balance by way of monthly or periodic deposits," he said, adding that home loan can be sanctioned after the deposits reach a certain threshold.
Zee Ent. To replace United Spirits in Nifty from Sep 19
United Spirits will be replaced by Zee Entertainment Enterprises in the National Stock Exchange's benchmark index Nifty from September 19. India Index Services & Products ltd, an NSE-Crisil joint venture that maintains Nifty index, today said in a statement that United Spirits ltd (USl) will be excluded from the 50-share bluechip index, while Zee Entertainment Enterprises will be inducted in the index.
"These changes shall become effective from September 19, 2014 (close of September 18, 2014)," a statement said. A host of changes have also been made in various other indices of NSE such as CNX Nifty Junior Index, CNX 100 Index, CNX 200 index and CNX 500 index by its Index Maintenance Sub-Committee during a periodic review, it said. Besides, sectoral indices for FMCG and consumption would also see some changes.
The stocks being excluded from Nifty Junior index are MphasiS and Zee Entertainment Enterprises, while Aurobindo Pharma and Motherson Sumi Systems would be included in the barometer.