Dabur India to invest Rs 120 cr
Dabur India, on Monday, said in New Delhi, it will invest Rs 120 crore in the next three years on its beauty and lifestyle retail initiative - H&B Stores. “We are looking at about 100 H&B stores by 2010 at an investment of about Rs 120 crore,” Dabur India Vice Chairman Amit Burman told reporters on the side lines od India Economic Summit in New Delhi. The company plans to expand its retail outlets to over 1,000 stores by the 10th year of operation and is looking at establishing stores ranging from 1,500 sq ft to 6,000 sq ft in size.

Indiareit to raise Rs 4,500 crore
Indiareit Fund Advisors is planning to raise up to Rs 4,500 crore from overseas and domestic markets to invest in real estate projects in India. The real estate venture capital fund would raise the amount in two tranches. While Rs 700 crore would be raised initially from the domestic market by the end of this month, the company plans to raise nearly $1 billion  from overseas markets by mid next year. “We have already raised Rs 1,350 crore from the existing Indiareit fund and we plan to raise another Rs 700 crore from the domestic market and $750 million to $1 billion from overseas markets for future investments,” Piramal Enterprises Chairman Ajay Piramal told reporters on the side lines of India Economic Summit in New Delhi.  

Pfizer may send jobs to India
Pfizer is looking to cut costs by outsourcing as much as 30 per cent of its manufacturing to facilities in Asia, particularly in India and China. Pfizer now outsources about 15 per cent of its manufacturing capabilities. It aims to double that figure, as part of cost-cutting measures. Pfizer also said it would expand its R&D investments in China, India, Japan and South Korea. The company announced earlier this year it would save $2 billion by cutting its global work force 10 per cent, or about 10,000 jobs.  

Emaar MGF to launch IPO soon
Emaar MGF, on Monday, said it is expecting its initial public offer to hit the capital market by January next year to raise $1.7 billion. “We are leaving it at the good hands of the authority, but we are expecting the IPO to happen early January,” Emaar Properties Chairman Mohamed Ali Alabbar told reporters on the sidelines of India Economic Summit in New Delhi. Mr Alabbar said Emaar MGF would be raising about $1.7 billion through dilution of 10 per cent stake. Emaar MGF has filed the draft prospectus for the issue with Sebi in late September.

Int’l trade fairs in Bangalore
Hannover-based Deutsche Messe, a trade fair company, on Monday announced its international fairs CeMAT India, MDA India and Industrial Automation India would be held at Bangalore International Exhibition Centre (BIEC) from December 4 to 7, 2007, reports DHNS from Bangalore. CeMAT India is targeted at the intralogistics industry, MDA India at motion, drive and automation industry and Industrial Automation India is targeted at process and production automation and industrial building automation industry. The fair spread across 16,700 sq metres area is expected to have 574 exhibitors. The company also announced that the fairs would be organised annually and the second edition of the fair would be on December 10 to 13, 2008.