LG to launch premium electronic stores, targets Rs 19,000 cr
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
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
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
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
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 Tuesday, [...]
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 introducing its first high-end range, the NX10 series, which has two [...]
Titan Industries to open 50 Helios stores in next five years
Leading watchmaker Titan Industries Limited today announced to invest about Rs 100 crore for opening 50 premium watch outlets Helios in next five years to attain a sales target of Rs 400 crore. “We have plans to open 50 outlets of Helios, which may involve an investment of close to Rs 100 crore in next [...]
Shoppers Stop’s QIP of INR 300 Cr by Q4
In a bid to fuel its growth, retailer Shoppers Stop proposes to raise Rs 300-crore through a Qualified Institutional Placement (QIP) over the next two quarters, a top company official said today. “We are in talks with investors and analysts and will make an announcement on the same over the next two-months.
We will take a [...]
Marks & Spencer opens new store in Chennai
Marks & Spencer Reliance India opened its brand new store at Express Avenue Mall, Chennai. The opening of this bigger store is a step further in expanding the presence of Marks & Spencer in India. Spread over 20,000 sq. ft. and covering two floors, the latest Marks & Spencer store will offer an extensive range [...]
Raymond downs shutters on premium brand Be:Home
Gautam Singhania-led textile major Raymond has shut down its premium brand offering, Be:Home, within two years of its launch. All four multi-speciality Be:Home stores in Mumbai and Delhi have been shut down, a company spokes-person said, refusing to comment on the reason for the move.
“In line with our ongoing and continuous strategic evaluation of our [...]
