June 18, 2009

Karrox to make south India foray; seeking franchisees for expansion

Karrox Technologies, the Mumbai-based leading IT education and training company, has announced plans to foray into south Indian market. With plans to commence operations from Bangalore, Karnataka, followed by Tamil Nadu and Kerala sometime this year, the company will invest Rs 15-20 crore in the southern expansion phase. Meanwhile, it intends to have 25-30 franchised centres in south India in the next 18-24 months, according to its top official. More...

Payless opens new store in Middle East

Payless ShoeSource and its franchise partner, M H Alshaya Co, announced Wednesday the grand opening of the first Payless ShoeSource store in the United Arab Emirates. More...

Dunkin’ Donuts opens 55th store in UAE

Dunkin’ Donuts UAE, the world’s leading coffee and baked goods chain, has announced the opening of its 55th store in UAE. Meanwhile, this coincided with the international celebration of the 15,000th store opening of Dunkin’ Brands in Raleigh, North Carolina, the US, agency reports. More...

Carrefour to build more stores in Romania

Carrefour will invest around £63 million in opening three new stores in Romania by the end of this fiscal. Last year, the supermarket giant spent £136 million on building ten new stores in the country, agency reports. More...

McDonald’s plans to add 18 new eateries by 2010-end

McDonald’s is planning to add 18 more eateries by the end of financial year 2010 in the north and eastern regions of India. With plans to enter some new cities such as Jodhpur, Kota and Patiala, among others, the company plans to invest Rs 150 crore over the next two years in its expansion, out of which Rs 54 crore will be pumped in this year. More...

Star Bazaar losses hit Trent profit

Star Bazaar, the hypermarket chain run by Trent Hypermarket, a wholly-owned subsidiary of Trent, has brought down the consolidated net profit of the company by 99 per cent to Rs 22 lakh for the year ended March 31 2009 from Rs 34 crore in the previous year. The company said its standalone and consolidated results have been impacted by the general economic backdrop and the incubation of the hypermarket business. More...

Aditya Birla gets shareholders nod to allot 1.85 crore warrants

Aditya Birla Nuvo, part of the Aditya Birla group, said shareholders have approved to issue 1.85 crore warrants to promoter and promoter group. More...

Big Bazaar opens second store in Kanpur

Big Bazaar, the major chain of hypermarkets from the Future Group, has opened a new outlet in Kanpur, Uttar Pradesh. Spread across 38,405 sq ft, the newly launched Big Bazaar store located at South X Mall in Kidwai Nagar is the second store of the chain in Kanpur, according to a company press release. More...

Mafatlal to hike production of school uniforms

Mafatlal Industries, of the Arvind Mafatlal group, has announced plans to increase production of school uniforms to 60 lakh metres following tremendous demand. More...

Godrej Consumer to renew focus on hair colours for growth

Godrej Consumer Products Ltd (GCPL) plans to strengthen its hair colour offerings through new launches and variants, in a bid to arrest its dipping market share in this lucrative segment. More...

MCA orders Subhiksha accounts’ inspection

In another blow to the beleaguered discount retail chain Subhiksha, the Ministry of Corporate Affairs has asked the regional director (RD) of the south zone to inspect Subhiksha’s accounts, reports Economic Times. More...

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