Sagar Malviya, The Economic Times Mumbai, 23 January 2015 Trent Hypermarket — the equally owned joint venture between the Tata Group and UK's Tesco — plans to invest Rs 250 crore as the only Indian multibrand retailer with foreign investment aims to open more stores. The planned expansion is likely to be seen as a test case for the ruling BJP's stance towards foreign direct investment in the supermarket segment. The party's stated policy is against FDI in stores selling multiple brands, but industry watchers and experts say the government is unlikely to meddle with Trent's plan at a time…
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Rashmi Pratap, The Hindu Businessline (BLInk) New Delhi, 16 January 2015 Manish Gupta travels a lot as an executive in a multinational firm. Alongside a universal adapter and shaving kit, his travel bag is never without his favourite fairness cream and face wash. He has been hooked to Emami’s fairness cream for men since 2005, when he was still in college. His made-for-men face wash brand keeps changing as he loves to try the many new ones flooding the market. Gaurav Batra’s addiction to fairness cream is fairly recent. He began buying a men’s fairness cream after fights with his…
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Gulveen Aulakh & Jayadevan PK, The Economic Times Bengaluru/New Delhi, 12 January 2015 Inside a four-storey office in Noida's Sector 5, Vijay Shekhar Sharma, the founder of One97 Communications, pointed to a sign on the glass wall of a conference room — "Go big, or go home," it said, adding, "One million orders a day will happen here first. That's our vow. That's our game." In the reception below, a dozen-odd job aspirants were waiting to be interviewed. That was in mid-September. On Sunday, ET reported that Chinese ecommerce giant Alibaba is set to invest $575 million in One97 Communications-owned…
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Nevin John, Businessworld New Delhi, 26 December 2014 The Annual General meeting (AGM) of Reliance Industries (RIL) on 18 June 2014 was significant. RIL chairman Mukesh Ambani’s wife Nita was inducted to the board of the $67 billion petroleum giant with the overwhelming support of shareholders. She is the first woman from the family to join the key decision-making body. Four months later, on 11 October, RIL subsidiaries — Reliance Jio Infocomm and Reliance Retail Ventures — announced the appointment of Ambani scions, daughter Isha and son Akash, to their boards. The induction of family members to the boards of…
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Sharleen D'souza , Business Standard New Delhi, 25 December 2014 Mandhana Retail Ventures, the retail arm of Mandhana Industries, which holds the licence for the brand Being Human, plans to dig its heels in building more brands. While its parent company exports textile and garments to popular global apparel brands, Being Human was its first brush with retailing in its home market. Licensed out by a charitable trust under the same name set up by Bollywood actor Salman Khan, the Mumbai-based garment and textile manufacturing company demerged the retail business in November, 2014. It has set the stage for the…
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