Bharti Retail, owned by Sunil Mittal's Bharti Enterprises, on Wednesday started retail operations in the country with neighbourhood store format, Easy Day, from Ludhiana in Punjab. Bharti has set up three stores in Ludhiana.Bharti has announced plans to invest Rs 10,000 crore (Rs 100 billion) to set up stores across the country by 2012. The company said that it is looking at a retail space of 10 million square feet and employ 60,000 people.
Real estate market in the national capital region is likely to be hit by the steep rise in steel & cement prices. Caught between oversupply of sales of residential properties and rising steel & cement prices, property developers may be forced to review property prices. But realty developers will not pass on the burden to buyers and will try to absorb the shock of the rise in steel & cement prices. Pushing up real estate prices may hinder potent buyer from buying properties.
For the first time in India, Chandigarh-based Compact Disc India Ltd (CDIL), an integrated media and entertainment company, will animate a true love story titled Eternal Love in English which will revolve around the Taj Mahal. The company has secured an animation outsourcing contract worth $15.70 million from a Los Angeles-based firm through its arm Mediaone Ventures Ltd for the film which is slated to be released in December 2009.
Haryana Urban Development Authority had to defer the auction of an eight-acre plot earmarked for a five-star hotel in the city centre as only one bidder turned up on the day of auction. The authorities told that a quorum of three bidders was a must for the auction to take place.
McDonald's India is setting up a food processing plant in the North. Though the location is yet to be finalised, the proposed plant is likely to be set up either in Punjab or Haryana with an investment of Rs 100 crore. Also, it has plans to set up a distribution centre in this region in addition to Delhi, Mumbai, Kolkata and Banglore.
According to its promoter, Hirji Kanji Patel, this would be equivalent to the Pentium 4 technology but will be ultra low on voltage. The company also plans to start 20 level 3 multi-brand chip-level laptop service centres across India by April 2008.
IndiaTotal Infoline, an online business information dissemination service that offers information in three languages (Hindi, English and Punjabi), will soon add seven more languages (Bengali, Oriya, Tamil, Telgu, Kannada, Gujarati and Marathi).
The Rs 2,200-crore (Rs 22 billion) handloom industry of Panipat is undergoing an image makeover
India is fast becoming a favoured destination for global animators.
Microsoft Corporation (India) Pvt Ltd has entered Chandigarh with the opening of its service hub here,its first to the north of Delhi.
Companies offering much more for wheat than govt's Rs 850 a quintal.
The prices started escalating three years back and went through the roof.
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