Gitanjali to invest Rs 3 bn in FY11 retail expansion
Jeweller Gitanjali Gems Ltd plans to add 300,000 square feet of retail space in India this year at a total investment of Rs 3 billion, a top official said. Read the rest of this entry »
Pantaloon Retail allots one crore warrants to promoters
Pantaloon Retail on Tuesday said it has allotted one crore warrants to its promoters’ group company, Future Ideas Realtors India Ltd. The company’s committee of directors has allotted one crore warrants at Rs 400 a piece, aggregating to Rs 400 crore to Future Ideas Realtors India, Pantaloon Retail (India) Ltd said in a filing to the Bombay Stock Exchange. Read the rest of this entry »
India: supermarkets arrive in the garden city
Visitors to Bangalore arrive at a modern airport and take the new highway down into the city. They see the buildings they expect in India’s IT capital. Those of us who live here enjoy finding corners where we can remember Bangalore’s past. Read the rest of this entry »
Essar Oil aims to have 1,750 fuel retail outlets by March 2011
Essar Oil is planning to fast track the launch of its fuel retail outlets, so they can touch the 1,750 figure by March next year, a top company official said. Read the rest of this entry »
Consumer spending may grow in double-digits: MasterCard
Consumer spending in the Asia Pacific region is expected to see a turnaround this year, with double-digit growth in retail sales likely in various countries, including India, says a survey. Read the rest of this entry »
PE funding prods Lilliput to double retail space
In the wake of the Rs 385-crore investment made by private equity firms Bain Capital and TPG Growth, India’s leading kids wear brand Lilliput Kidswear is all set to double its retail space this year with a total investment of Rs 175 crore. The company is planning to open around 70 stores pan-India and four stores in West Asia. Read the rest of this entry »
Retail business poised for a big push
Mukesh Ambani, CMD, Reliance Industries, is betting big on the company’s retail business. At the company’s annual general meeting on Friday, he said that the business will touch a whopping Rs 45,000 crore in the next five years from Rs 4,500 crore at present. Read the rest of this entry »
‘Reliance Retail’s revenue may grow 10-fold in 5 yrs’
Reliance Industries’ (RIL) retail arm will see a 10-fold growth in revenue over the next five years to become a Rs 45,000-crore entity, its chairman said. Read the rest of this entry »
Retail needs to be opened up
The spotlight is back on foreign direct investment (FDI) in multi-brand retail, an issue that’s been on and off the government’s agenda for the past seven years at least. Read the rest of this entry »
India Inc seeks FDI in retail
Country’s top industrialists at Prime Minister’s Council of Trade and Industry meeting on Wednesday unanimously demanded opening up of foreign direct investment in the controversial retail sector. Read the rest of this entry »
