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dominated by unbranded players, therefore we see a huge market potential for branded players in this
segment,” Mr. Dipak Agarwal, Chief Executive, Operations and Strategy, DLF Brands, said.
The market for accessories is estimated at Rs. 1,000 crore and is growing at about 20 per cent. “We have
seen a growth of about 23-28 per cent in the last two years. DLF Brands has always been very selective
of the brands that we introduce to the Indian customers. We are hopeful of a good response for the
Claire's store and plan to open over 30 such stores across India in the next three years.” Claire's
products are priced between Rs. 300 and Rs. 3,000.
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US Based Xilinx Inc. inaugurates it largest R&D Centre in Hyderabad
Chip-designer Xilinx Inc. has inaugurated its expanded facility in Hyderabad. "The facility, Xilinx's largest
research and development centre outside the US, would continue to support all programmable
technologies and devices," said Moshe Gavrielov, President and Chief Executive Officer, Xilinx Inc. The
US-based company's advanced solutions including 28 nanometre next-generation technology were
associated with India development center. "We have grown here from 60 professionals four years ago
to 400 now. The investments here will be continued," he said.
Significantly, the Indian Institute of Management Kozhikode (IIM-K) has signed an agreement of cooperation
with Leeds University Business School, UK. The agreement is another step in the
internationalization efforts of the institute and it will enable both the institutions to carry out activities
such as exchange of students, exchange of faculty members and collaborative research on
contemporary management issues, according to Dr. M. K. Nandakumar, Chairman, International
Exchange Programme, IIM-K.
Further, The Biotechnology Industry Research Assistance Council (BIRAC) would be fully operational by
the next financial year. BIRAC, a not-for-profit Section 25 company, was set up as a separate body by the
Department of Biotechnology (DBT) to enhance the strategic research and innovation capacity of
biotech companies - especially Small and Medium Enterprises (SMEs) - in India.
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Boeing to ship all four 787 Dreamliners built this year to Air India news
Boeing Co will ship all four 787 composite-plastic Dreamliners assembled this year in its new South
Carolina plant to Air India Ltd, which is claiming $1 billion in compensation for delays in production and
delivery.
The first of the jets rolled out yesterday from a 1.24 million-square-foot (115,000-square metre) hangar
near Charleston, South Carolina and is expected to start flying in three to four weeks. Air India would
take delivery at midyear, according to Jack Jones, Boeing South Carolina vice president.
''I know we're a little late delivering this airplane, but when they get it, they're going to say it was worth
it,'' Jim Albaugh, head of Boeing's commercial airplane division, told employees and South Carolina
politicians including Governor Nikki Haley and US senator Lindsey Graham. The development ends over
three years of delays and Boeing is seeking to speed up production of the twin-aisle jets to 10 a month
by the end of 2013. The company has delivered 11 of the aircraft to Japan Airlines Co and All Nippon
Airways Co, according to Marc Birtel, a spokesman.
The planes come with a price tag of $193.5 million. The South Carolina facility, built at a cost of $750
million, opened last year, and will build 3.5 planes a month by the end of 2013 or early 2014, Jones told
reporters.
The plant is the company's first new commercial-jet factory outside Washington's Puget Sound region,
where the company was established. Boeing's decision to build in the state, which bars union