2. Banks can freeze an account that's
unused for two years
If you don’t withdraw money or carry out any transaction
from your account through the bank’s ATM , branch or
website, for a period of more than a year, the bank terms
your account as inactive.
If the account is kept unused for almost two years, it is
classified as ‘dormant’.
If your account is being classified as ‘inactive’, you cannot
operate it through the ATM/phone or internet banking.
3. Contd…
For HDFC Bank, it’s out 12 months, ICICI Bank-15
months while foreign banks like Citibank, HSBC and
Standard Chartered Bank classify an account as
inoperative if no transactions have taken place for two
years.
4. Nokia’s market share slips below
30%
Unbranded phone-makers in China expanded to other
emerging economies.
The top 10 phone-makers’ combined share fell to 67%
from 84%.
Samsung and LG declined in market share nut retained
their 2nd and 3rd place standing.
Global smartphone sales surged 96%in the quarter helping
Apple.
5. HUL, Garnier, Nivea, Emami vie for
pie of men’s grooming market
The men’s grooming market—which includes face cleansers,
moisturisers, hair gels, body washes, deodorants and shaving
products is estimated at around Rs 1, 500 crore.
Nivea India has 15% of its personal care revenues coming from
men’s products.
Fair and Handsome - the first men’s fairness cream to hit the
market in the country, alone accounts for 10% of Emami’s
personal care revenues.
Ahmedabad-based Paras Pharma, makers of Set Wet hair gel
Zatak deodorants, men’s grooming accounts for nearly 70% of its
personal care portfolio, which also includes Livon hair
conditioners and Recova anti-ageing cream for women.
6. Contd…
While the target consumer is strongly rooted in the 20
to 45 years age group, deodorants and hair products
take the age bracket lower to 15 years.
Paras Pharma’s Set Wet Hair gel has pipped Godrej
Sara Lee’s Brylcreem to become the largest hair gel
brand by market share.
7. HUL to launch 'Puriet' in Latin
America, Africa
The company has recently launched the water purifier in
Bangladesh and Indonesia.
The target is to protect half a billion people across the world by
2020.
In India, today Pureit is protecting 15 million people.
It is now present in three million homes covering 1,500 towns
and cities in India.
At present, the water purifier is available in three versions,
priced between Rs 1,000 and Rs 6,900, and are sold through
both direct-to-home channel and through retail outlets.
