The idea is to reduce capital investments and improve profitability.
Reliance Retail, which started in 2006, runs over 1,000 stores across 86 cities.
RIL had earlier decided not to pursue the cash-and-carry model due to a number of reasons, including a growing unrest towards organised retail.
Customers want formats which have wide assortment, international products, and so on. Basically, it is an assortment play.
The scheme will be offered to 15,000 employees, or one-third of the workforce, in the current financial year.
The turnaround has been possible due to availability of domestic gas on priority.
Bharat Sanchar Nigam Ltd has started talks on synergising operations with Mahanagar Telephone Nigam Ltd, which offers telecom services in Delhi and Mumbai.
RGPPL has signed a power purchase agreement with the government of Daman and Diu for selling about 98 Mw of power from July.
Equinox plans to launch 1.4 million sq ft residential project in Bengaluru in the last quarter of calender year 2011 and a one-million housing project in Thane near Mumbai in the next one year.
Scheme likely to come into force by June or July this year; both PSUs have been losing revenues and market share.
Department of telecommunications has set up a committee to look into the issue of escalating cost for the project.
Religare, promoted by billionaire brothers Malvinder and Shivinder Mohan Singh, was in talks with Piramal for six to eight months to buy nearly 80 per cent in Indiareit for around Rs 300 crore (Rs 3 billion).
The vacation of additional 2G and 3G spectrum may generate additional revenue of about Rs 80,000 crore (Rs 800 billion) on the basis of prices according to spectrum auctioned last year, DoT said in a note for the empowered group of ministers.
Firms to pay Rs 24,700 cr if spectrum formula is accepted.
Cement and steel prices have shot up sharply in the past four months, with steel prices rising 10 per cent and cement increasing 34 per cent since January.
A decision on the merger will take some time as there are procedural problems with MTNL being a listed entity and BSNL non-listed.
Started in 1857, Alstom is one of the grand old companies of Europe.
Freebies do not seem to have attracted many buyers, as both property prices and lending rates continue to remain high.
Big Bazaar stores have sold 900 Nano cars since February, when Tata Motors made the arrangement.
This has happened despite an increase in peak demand of power.
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