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  • Japanese electronics <strong>gia</strong>nt Panasonic will invest 15 billion rupees ($277 million) in advertising and marketing in India over the next three years, its president Kazuhiro Tsuga said on Tuesday. A Panasonic team, led by Tsuga are in India to explore how to increase their presence and business in the country, which currently contributes just one percent to Panasonic”s global revenues. India has been identified as a “centrepiece” f...

    Panasonic to invest Rs. 1500 crore over next three years in “centrepiece” India

    Japanese electronics giant Panasonic will invest 15 billion rupees ($277 million) in advertising and marketing in India over the next three years, its president Kazuhiro Tsuga said on Tuesday. A Panasonic team, led by Tsuga are in India to explore how to increase their presence and business in the country, which currently contributes just one percent to Panasonic”s global revenues. India has been identified as a “centrepiece” f...

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  • ...ropped below 1,000 yen last year for the first time since the era of the Walkman. Daniel Loeb, whose hedge fund company Third Point has been amassing a stake in Sony, proposed selling off as much as 20 percent of the Japanese <strong>gia</strong>nt”s entertainment arm, which includes profitable movie and music divisions. Loeb known for his aggressive style in forcing change at targeted firms said he supported chief executive Kazuo Hirai”s bid to shake...

    Sony investor proposes spinning off the profitable entertainment unit

    ...ropped below 1,000 yen last year for the first time since the era of the Walkman. Daniel Loeb, whose hedge fund company Third Point has been amassing a stake in Sony, proposed selling off as much as 20 percent of the Japanese giant”s entertainment arm, which includes profitable movie and music divisions. Loeb known for his aggressive style in forcing change at targeted firms said he supported chief executive Kazuo Hirai”s bid to shake...

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  • Japanese electronics <strong>gia</strong>nt Sony on Thursday doubled its annual net profit forecast for the past fiscal year as a weaker yen and a sale of assets helped boost its bottom line. Sony”s new forecast for the year to March 2013 of 40 billion yen ($403 million) net profit is up from an earlier estimate of 20 billion yen. The company reports its results next month. A tumble in the value of the yen in recent months losing about a fifth against the...

    Sony doubles annual net profit forecast to $403 million

    Japanese electronics giant Sony on Thursday doubled its annual net profit forecast for the past fiscal year as a weaker yen and a sale of assets helped boost its bottom line. Sony”s new forecast for the year to March 2013 of 40 billion yen ($403 million) net profit is up from an earlier estimate of 20 billion yen. The company reports its results next month. A tumble in the value of the yen in recent months losing about a fifth against the...

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