Key witness Vidhie Mukerjea testified in the Sheena Bora murder trial, claiming that Bora was alive after her alleged murder and identifying her voice in a recording.
Already partnering seven international brands such as Giorgio Armani and Salvatore Ferragamo, it also plans to tie up with 12-15 global brands in the next five years. The company plans to fund its expansion through a mix of equity and debt and go in for tie-ups through joint ventures and franchise routes. The focus of expansion would be in metros such as Delhi, Mumbai, Hyderabad and Chennai in the initial phase, the official said.
India's biggest non-bank finance company, Bajaj Finance (BAF), is set to raise capital after a gap of four years. On October 5, the board of directors will meet to approve the fund raise by way of preferential issue and/or qualified institutional placement (QIP) subject to regulatory and shareholder approvals. The move, analysts said, comes ahead of expectations, and could be in the wake of simmering competition in the consumer lending space, especially with the launch of Jio Financial Services (Jio Fin). "While we still do not have finer details on the game-plan of Jio Financial, it has plans to initially foray into consumer and merchant lending.
In a fresh twist in the fight to gain supremacy in the Indian retail market, billionaire Mukesh Ambani's Reliance Retail has slapped notices on Future Retail for terminating sub-leases of 950 stores it had taken over previously. In stock exchange filings, the Kishore Biyani-led debt-laded Future Group firms said they have been served notices to terminate the lease of 835 Future Retail stores and 112 Future Lifestyle stores. Last month, Reliance Retail had taken over store spaces for which the Future Group couldn't pay lease rent. These were then sub-let to the Future Group for operation.
Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon.com Inc on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.
At present, Landmark operates 13 Lifestyle stores, 5 Home Centre stores and a Babyshop store in Ahmedabad, Bangalore, Chennai, New Delhi, Gurgaon, Hyderabad, Mumbai, Vashi and Pune. Since 1998, the company has invested $100 million in its Indian operations.
Mugdha Godse, Riteish Deshmukh, Malaika Arora Khan and many other celebs turn up in support.
Adah Sharma was the showstopper for Craftsvilla's new ethnic summer collection
Look who turned up at this star wife's store party!
The actor turned showstopper to promote Liva Crme, a new age fabric from Aditya Birla Group.
IITians Kashyap Dalal and Navneet Rai started Inkfruit.com, a unique online T-shirt store where users submit and vote for their favourite designs.
Aditya Birla Nuvo plans to extend its footprint in apparel retailing through two subsidiaries for mens exclusive lifestyle and Peter England family stores. Madura Garments, the company's branded apparel division, crossed a turnover of Rs 1,000 crore (Rs 10 billion) in FY08.
Billionaire Mukesh Ambani's Reliance Industries has started a limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest USD 5.7 billion in digital assets controlled by the company. JioMart, an e-commerce venture of Reliance Retail, "has already started interacting with customers on WhatsApp for grocery orders" in Navi Mumbai, Thane and Kalyan, Credit Suisse said in a report.
The $4.5 billion tractor-to-real estate Mahindra group on Wednesday announced a foray into the rapidly growing Indian organised retail market with a chain of premium lifestyle stores selling apparels, toys and furnishings.
Indiabulls Wholesale Services, the retail arm of Indiabulls Real Estate, has acquired Piramyd Retail, a company owned by the Ashok Piramal Group which runs 35 neighbourhood retail stores and seven lifestyle stores. Indiabulls Wholesale has acquired 63.92 per cent stake in Piramyd Retail at an enterprise value of around Rs 208 crore (Rs 2.08 billion), said sources close to the deal.
Amid growing demand for household design, two-wheeler maker Hero Group has ventured into home decor market and plans to initially invest Rs 40 crore (Rs 400 million) to launch 40 lifestyle stores across the country in the next two years.The company has launched two stores, one each in Gurgaon and Delhi, and would open the third one in the city by November. It plans to open 18 stores by March 2008.
It becomes difficult to decide, which watch fits you best. Are you keeping pace with the fashion of time?
In addition to Tier-1 and Tier-2 cities where the company has a presence, we have also identified 23-24 cities for expansion.
Riding high on the 40 per cent growth in its cards business, American Express is now eyeing telecom sector, super markets and lifestyle stores for its co-branded cards.
Unlike global majors like Lindt and Godiva no standalone Indian chocolate boutiques have expanded into a national chain yet. ITC plans to change that with its luxury chocolate brand Fabelle, says Avishek Rakshit.
Traditional textile and art forms are being adapted into modern-day garments, ranging from the super-luxurious to the casual.
Micky Jagtiani, owner of Landmark, the unlisted Dubai-based retail chain, has entered the list of 10 richest Indians compiled by Bloomberg.
One of the first things to strike one about Cinnamon, a 19-year-old designer boutique hub, is its architecture and feel.
This curvalicious American TV personality, all set to stir the Bigg Boss 8 pot this Friday, is a bit of a phenomenon in the United States.
'Goa is about community living, but blending in takes time.'
Krrish 3 is a outrageous mishmash of Bollywood sentimentality meets E.T. meets Superman meets X-Men.
Ranjita Ganesan and Nikita Puri chronicle the journey of Abhishek Poddar, one of India's leading art patrons.
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