mulls over franchise route to reduce costs
a bid to save on capital expenditure and to roll out
services faster, Bharat Sanchar Nigam Ltd (BSNL) is
taking the franchise route in a big way for new projects.
The PSU has reportedly invited bids from private players
for at least five of its projects, including for offering
WiMax services, Internet Protocol Television (IPTV)
and setting up Internet Data Services. The company may
be saving more than Rs 10,000 crore of capital investment
by adopting the franchise model, according to BSNL officials. More...
to close 600 stores in US
Corp said Tuesday that it will close 600 company-operated
stores in the next year, up dramatically from its previous
plan for 100 closures, a sign the coffee shop operator
continues to struggle with the faltering US economy
and its own rapid expansion. More...
opens maiden store in Russia
retail giant Carrefour opened its first Russian store
Thursday, hoping to become a leading player despite
a late arrival on the domestic market, agency reports. More...
Bath and Beyond opens store in Edmonton
Bath and Beyond, the US-based leading home furnishings
and accessories retailer, opened its first western Canadian
store in Edmonton on Wednesday. More...
to sell Jimmy Choo shoes and bags
the discount fashion clothing chain based in Sweden,
has announced plans to sell a line of Jimmy Choo footwear
and handbags this fall. The collection of bags and men's
and women's shoes is to debut on November 14 in about
200 stores around the world, H&M said, noting this is
the first time it is collaborating with an accessories
brand. Jimmy Choo is also creating some women's garments
to complement the accessories. More...
hopes to have 1,000 outlets by 2011
the global market leader in courier services, overland
transport and air freight, owned by Deutsche Post World
Net, is on a retail expansion mode. The group, which
kicked off a major co-branding exercise with another
group brand -- Blue Dart in the middle of last year,
at present has 350 DHL-Blue Dart retail outlets across
the country, reports Financial Chronicle. More...
opens new store in Hyderabad
Bookstores, a wholly owned subsidiary of Shoppers Stop,
has opened a new store in Hyderabad. Located at GVK
One mall in the city, the newly launched Crossword store
is the third store of the chain in Hyderabad and 50th
store in India, according to a company press release. More...
in India may lose Rs 400 crore FDI this fiscal'
retail may lose foreign direct investment (FDI) of up
to Rs 400 crore this fiscal because of last week's recommendations
by the Parliamentary Panel on Commerce, which has opposed
further leeway to the entry of international retail
brands in the country. More...
Electronics expands tech products range
Electronics India on Thursday entered the information
technology (IT) hardware segment by launching a slew
of high technology products. The Rs 10,730-crore company
has launched network monitors offering multi-user computing
solutions based on virtulisation, projectors, digital
signage and network-attached storage (NAS) device. More...
quality regulator to rate Delhi eateries ahead of 2010
India’s capital hosts the 2010 Commonwealth Games, the
country’s food quality regulator plans to put together
a directory of safe small- and medium-sized eateries
in and around the city. More...
Appliances enters west India with Preethi
Chennai-based Rs 227 crore Maya Appliances is making
a foray into the western region with its kitchen appliance
brand – Preethi. More...
Group’s unit to train in retail skills
Learning and Development Ltd, a subsidiary of retail
major Future Group, though formally set up just a year
ago, has about 10 years experience in training and developing