British high street retailer Marks and Spencer (M&S) is to more than double its retail presence in India, targeting 50 stores in the next three years. M&S currently operates 17 stores in India through a joint venture with …
Cos, retailers battle it out over margin issues
June 30, 2010 By Leave a Comment
The advent of modern trade in consumer durables, coupled with a strong double-digit growth, has struck a discordant note between companies and retailers over margin issues. Recently, consumer electronics giant LG’s products had gone off Mumbai’s largest consumer durables retailer…
Future Group’s Indus-League plans new retail format
June 29, 2010 By Leave a Comment
Future Group-owned Indus-League Clothing is diversifying from a western branded apparel company to a speciality retailer. By bundling together a cross section of its in-house brands, Indus-League Clothing intends to make bigger strides in the formal …
LG to launch premium electronic stores, targets Rs 19,000 cr
June 28, 2010 By 5 Comments
LG Electronics India will invest $300 million over the next three years and foray into new product categories, as it plans to raise turnover from Indian operations to over $9 billion (Rs 45,000 crore) by 2015. The company will…
Future Cap to focus on retail, wholesale credit business
June 28, 2010 By Leave a Comment
Kishore Biyani’s Future Capital Holdings (FCH) will pay more heed to consumer loans, wholesale credit and insurance in sync with the group’s operations, the change in direction necessitated by the retail mogul’s recent split with fellow promoter Sameer Sain….
RIL to add more space for retail venture
June 27, 2010 By Leave a Comment
Cash-plush Reliance Industries, headed by Mukesh Ambani, has asked property owners to take part in the ambitious growth plan for its retail venture by renting or selling real estate space across the country.
The company has invited applicati…
Yet to finalise details of agreement with TPG: Vishal Retail
June 27, 2010 By Leave a Comment
NEW
DELHI: Cash strapped Vishal Retail, linked with private equity firm TPG for a
possible stake sale, today said it is yet to finalise details of an agreement
entered by it with the US-based investment company.
…
No rushing with FDI reforms: Anand Sharma
June 26, 2010 By Leave a Comment
India has said it favours calibrated liberalisation of foreign investment norms in sensitive sectors like retail, defence, banking and insurance on account of domestic sensitivities, in response to demands made by the US industry of a further liberalisation of India’s foreign direct investment (FDI) regime. In an interaction with top US CEOs in Washington on [...]
Samsung eyes 20 pc share of digital camera market in FY11
June 26, 2010 By 1 Comment
Samsung eyes 20 pc share of digital camera market in FY11 Korean consumer electronics giant Samsung today said it will ramp up its camera business to more than double its market share to 20 per cent this year. The company’s Indian subsidiary, Samsung India, will expand its offering in the digital compact camera range by [...]
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