Spencer's Retail, the retail arm of RPG Group, says it has seen a 30-40 per cent decline in the rentals in Tier-II and -III cities. In Tier-I and metropolitan cities, the correction is in the range of 15-20 per cent, and a further correction and its impact is likely to come in the next few months.
Kolkata-based Spencer's Retail is scouting for international lifestyle brands, and is in talks with several global firms dealing in apparel, footwear, luxury retail and lifestyle products.
Spencer's Retail, the Rs 800-crore retail arm of the RPG Group, will expand its range of fashion merchandise with the launch of private labels as well as foreign apparel brands, in an attempt to revamp its image as a fashion-centric brand instead of just a food retail chain.
Spencer's Retail, part of the Rs 11,000 crore (Rs 110 billion) RPG group, is looking for foreign retail partners for foraying into luxury retail as well as strengthening its presence in consumer electronics.
Rediff.com readers wish the India batting maestro on his 53rd birthday.
RPG Cellucom India, which currently runs over 100 stores across the country showcasing a variety of products, including phones, notebooks and other accessories, will open 400 new stores by December next year targeting Rs 2,500 crore (Rs 25 billion) turnover by March 2009. Of the new stores, "150 will come up by this year end", RPG Cellucom Chief Executive Sunil Bhagat said at the launch of the 101st store.
The incident happened in Bagh-e-Shamal village of the provincial capital Pul-e-Khomre, TOLOnews reported, citing local officials.
RPG Group, which owns the Spencer's brand of retail stores, will invest Rs 1,000 crore (Rs 10 billion) for opening nearly 365 supermarkets in the next one year.
The RPG group has bought Fujitsu's 30 per cent stake in software and BPO services company Zensar Technologies.
Diversified corporate house RPG Group will invest an estimated Rs 13,000 crore (Rs 130 billion) on tyre, retail and power businesses in the next couple of years.
The RPG group has earmarked an investment of Rs 12,000 crore (Rs 120 billion) for power and Rs 450 crore (Rs 4.50 billion) for carbon black as two of its thrust business focus areas over the next 2-3 years.
Saregama India Limited, a RPG group company, has re-focussed its strategy to increase revenues from digital downloads and home video in the face of stiff competition from FM radio channels and threat of piracy.
A part of the process gas generated during the production of carbon black could be converted into power for sale
'Elevator rules deem no more than two people for a unit that carries six people, and as an employee enters the office, there are three masks to be used for five hours each a day, then disposed and one for the next day as well.'
Goenka has not even attended the last three annual general meetings of the company, yet he drew around half of the managing director's pay
Cross previous high of $72 billion in 2007 as Indian promoters overcome the selling taboo. Abhineet Kumar reports from Mumbai.
India Inc says way forward is for Modi govt to work with other political parties to get bills passed.
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
The redevelopment of stations is good news for construction companies.
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