Even as regulatory focus has zeroed in on foreign e-commerce giant Amazon, a domestic retail giant has been created almost below the radar in Reliance Retail (RR), one of the most crucial businesses for the group's future. From doorstep delivery of groceries, apparels to branded jewellery, medicines, toys, furniture to high street retailing, RR's presence in the world's fourth largest consumer market is just one part of the story.
Europe's largest car maker, Volkswagen AG, today started production of its small car Polo at its plant in Chakan near Pune. Stating that the company would launch a saloon by the middle of next year, Volkswagen AG said it was aiming for a 10 per cent share of the domestic auto market in the next four to six years.
With robust sales, the company bounced back to the top spot in the Fortune 500 list.
Congressman Elijah Cummings of Maryland and Henry Waxman from California, who are investigating bribery charges at Wal-Mart's Mexico unit, announced on Thursday they had documents which confirmed that Wal-Mart CEO Michael Duke and other high-ranking personnel were personally informed about the bribery allegations as early as October 2005, according to a CNN report.
With the acquisition of 14.8 per cent stake in Gujarat Ambuja Cements Ltd, by Swiss cement major Holcim, foreign players, including Lafarge, would be controlling nearly 25 per cent of total production in the country.
Mizuho Financial Group has an alliance with the Rs 8,500 crore (Rs 85 billion) Tata Capital, the financial services arm of the Tata group.
CSD was created to provide easy access to quality products of daily use, at prices less than market rates to the soldiers, ex-servicemen and their families
The race between Aaj Tak and Star News to grab the top slot in the Hindi speaking market is getting more exciting.
Its trajectory in telecom is well known but now it is pushing for a similar leap into the ranks of the top players in its other businesses: media and entertainment, e-commerce, a series of online businesses ranging from health to education, and retail.
US private equity firm Silver Lake Partners will invest an additional Rs 1,875 crore in the retail arm of Reliance Industries, the Indian firm said in a statement on Wednesday.
V-Mart, Manaksia, Whirlpool Global and few other companies posted better third-quarter results.
Private telecom operators have managed to grab 43 per cent of the total revenue generated from telecom services during 2004-05, says a leading communications business magzine.
The IT data and network storage market in India is poised for major growth with the small and medium scale sector expected to increase its storage expenditure by 150 per cent in 2005 over the $43.2 million spent last year.
Make no mistake, Reliance's entry into Indian e-commerce cannot be taken lightly. It is akin to a combine of AT&T and Wal-Mart challenging Amazon on its home turf, says Shailesh Dobhal.
Most of the funds have not signed any deals in the past few months as realty prices fell sharply and economic slowdown deepened across the world, which slowed the flow of funds significantly. Red Fort plans to deploy Rs 150 crore (Rs 1.5 billion) in the current quarter and is in talks with a Mumbai developer. But Bedi says finance is a big issue now as most of the projects have been delayed or are yet to take off.
The company has given an initial pricing guidance of 5.5 per cent. The final coupon and size will be fixed later today," a merchant banker working on the issue told PTI.
Delhi is the largest market for high-end consumer durables and cars in India, despite Greater Mumbai having the highest prosperity among all markets.\n\n\n\n
Today, when you buy a door or a window in wood, you are not aware that you are depleting forests. Tomorrow, your wood will have to be certified that it is from a sustainable forest, says R Parasu Raman, Vice Chairman, WGBC.
The emerging markets strategic business unit of the country's largest IT services provider Tata Consultancy Services aims to touch the revenues of $2 billion by 2011-2012. The SBU targets regions such as Eastern Europe, West Asia, South Africa and Latin America. The company is also planning to have strategic development centres that will cater to these regions, beginning with Egypt & Russia. Emerging Markets offer great opportunity for TCS as IT sector there is growing at 8%.
State should relax micro controlling of India's capital market to step up progress. India must have an open capital account to take its rightful place quickly in the world of financial service exports.
All the top action from Day 13 of the 2022 Winter Olympic Games in Beijing on Thursday.
A survey has revealed that Asia Pacific outsourcing market has grown substantially in 2007.
Arvind Brands' Arrow has been one of the earliest and well-established players in the branded men's shirt.
Bharti Retail on Friday announced appointments of former head of Walmart India Raj Jain as its CEO and Pankaj Madan, another senior executive of erstwhile joint venture Bharti Walmart, as Chief Financial Officer.
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