Archive for the 'Business Standard' Category

Retailers optimistic about next year

Indian retailers are an optimistic lot when it comes to deciding on expansion plans for 2009. Retailers such as Spencer’s Retail, Future Group, Shoppers Stop, Westside, Wills Lifestyle, Bata India,

Vishal talks down rentals for 50 stores

Vishal Retail, a New Delhi-based supermarket chain, has successfully negotiated rentals of about a third of its stores across the country even as other retailers are bargaining for lower

‘74% FDI in DTH raises security concerns’

Jawahar Goel, the managing director of Dish TV, is unequivocally opposed to increasing the limit of foreign investment in direct-to-home (DTH) sector in India from the current 49 per cent to 74 per

Next, Marks join Tesco, Debenhams to cut prices

Marks & Spencer Group Plc and Next Plc cut the price on many goods by 50 per cent, joining UK retailers trying to tempt shoppers with discounts as consumer spending weakens.

Tourism industry perking up in Goa after Christmas

Goa’s tourism industry is bouncing back to normalcy after successful Christmas festivities, feel the experts.

Chandamama goes multimedia

Chandamama, the comic that has enthralled three generations of Indians, is now trying to keep up with the times.

Wrong focus

The sugar sector has for long been the victim of over-regulation and muddled policy regimes.

Acquisitions in the FMCG space likely to continue

Four acquisitions in twelve months by three firms show the kind of growth the fast moving consumer goods (FMCG) sector is headed for.

Unitech lays off 10% employees

The countrys second largest realty firm, Unitech, has reduced its workforce by about 10 per cent, out of a total of 1,700 employees, as part of its cost-cutting measures.

Infrasoft eyes $30 million buyout in Europe, US

In talks with two banking solutions firms in Europe and 4 in the US.

RIL commissions second refinery at Jamnagar

Reliance Petroleum, a subsidiary of Reliance Industries, Indias largest company by market capitalisation, today commissioned its second refinery in a special economic zone (SEZ) at Jamnagar,

Oil companies may report profit on daily sale

State-run oil refiners are likely to report profits on daily sale of petrol, diesel, cooking gas and kerosene in the fortnight ending December 31, after average crude oil prices have been nearly 3 per

Industry should focus on electric cars: Tata Motors chief

India should focus on producing cheap, efficient and small electric cars over the next five years.

Pyramid Saimira plans film fund

Pyramid Saimira Theatre (PSTL) is planning to approach the Securities and Exchange Board of India (Sebi) for its proposed Rs 250-crore film fund.

Troubled paint makers pin hopes on real estate

Home loan rate cuts may inadvertently provide a much-needed filip to the Rs 11,500 crore domestic paints industry which has been reeling under production cuts and a slump in the automobile