Fast growth in organised retail and opening of new malls and stores have raised attrition levels at the shop floor to alarming levels of eight per cent a month, or 96 per cent a year.
They plan to cut shop sizes and look at opening standalone stores after years of losses.
Mounting debt, slowing sales, and rising inventory were at the heart of HDIL's woes.
Industry estimates R-Day sales are eight times the usual for big retailers.
While the thrust will be on pan-India residential projects, office and retail launches, too, will add up to make for the realtor's project mix of 12 to 16 million sq ft during the coming year.
When IKEA's CEO & India's industry minister sealed a deal in-principle last year, foreign investors took note.
The retailer is looking at a break-even this year.
With just a few organised players such as KB Exports, Freshtrop and Maha Anar in the segment and the vast export potential in western Europe and central Asia and the increasing demand in domestic markets, InI Farms is already a focus area for investors such as Ronnie Screwvala's Unilazer Ventures and venture capital fund Aavishkaar.
Three foreign single-brand majors apply in the past one month.
Agenda for FIPB meeting on Jan 18 doesn't mention its application.
DEA official writes to DIPP suggesting that govt needs to understand what has been left out, and why, in the revised application of the retailer.
Mukesh Ambani-led Reliance Industries Ltd wants to merge four of its associate companies in real estate with its main property development subsidiary, Reliance Commercial Land and Infrastructure Ltd, under the scheme of amalgamation proposed before the Bombay High Court.
Sets up new financial services arm, Amit Goenka joins as CEO.
Shopping websites say it is about first-mover advantage.
The residential real estate prices in Powai and adjoining areas are around Rs 25,000 per sq ft.
The Walmart investigation is under the Foreign Corrupt Practices Act, and the company follows a global compliance programme in every country it operates in.
Out of 23 floors, Air India occupies six and three of these have been leased out. The rest are largely unused.
Eighteen of 30 product categories proposed by Swedish furniture major struck off.
Both India and China are in Phnom Penh to participate in the two-day East Asia Summit, an offshoot of the Asean meet. China and India, along with the US, Russia, Australia, New Zealand, Japan and South Korea are participating countries in EAS, besides the 10 Asean members.
Part of the official delegation accompanying Prime Minister Manmohan Singh to the Association of South East Nations summit in Phnom Penh, Cambodia, he was briefing the media on board the aircraft earlier on Sunday.
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