Arpita Mukherjee, Business Today Mumbai, 28 September 2014 About a decade ago, Suresh Goklaney, visited his sister in Daytona Beach, US. There, the Executive Vice Chairman of Eureka Forbes happened to meet Fred Tepper, Founder and President of Argonide Corporation, which makes nanotechnology-based water purifiers. The company then adopted this technology to launch a portable water purifier, Aquaguard On The Go, in 2014. Seven years ago, a Eureka Forbes salesperson, also called a Eurochamp, pointed out to Goklaney that the quality of water supplied to Indian homes varied through the day. The company subsequently launched a water purification device, Aquaguard…
Alys Francis, Nikkei Asian Review New Delhi, 27 September 2014 A few months ago, a group of wealthy industrialists and other businessmen gathered in a plush Mumbai hotel suite to pore over a selection of John Lobb handmade welted shoes that cost up to $12,000 a pair. It may just be a temporary "pop-up" store, but Thomas Collette, John Lobb's commercial director for India, was excited. He said that a local agent for the bespoke shoemaker would start taking orders by appointment only. "This is a big step for us and a big step as well for the country," he…
Nayantara Narayanan, Scroll.in Bangalore, 25 September 2014 As Prime Minister Narendra Modi made his way to Tumkur near Bangalore on Wednesday morning, several newspapers carried full-page ads announcing that he was “inaugurating the era of food prosperity; to share the joy of food with farmers entrepreneurs and consumers”. Modi was opening an integrated food park, established and run by the Kishore Biyani-led Future Group. The 110-acre facility has been established under a scheme of the Ministry of Food Processing and is Biyani’s giant step towards becoming a leader in the fast moving consumer goods business. People in India are working…
Ankita Rai, Business Standard New Delhi, 22 September 2014 * Future Group plans to invest Rs 100 crore over next 18 months to provide consumers a 'single view' of its many brands across physical and digital channels. It is targeting 30 per cent increase in business once its omni-channel platform becomes operational. * Infiniti Retail, which operates a national chain of multi-brand electronics stores under the brand name Croma, has started delivering orders placed online the same day in 16 cities where it has its stores. The number of daily clicks on Cromaretail.com stands at 2,10,000. * Textile manufacturer and…
Purvita Chatterjee/M. Somasekhar, The Hindu Businessline Mumbai/Hyderabad, 21 September 2014 At a time when Swedish retailer Ikea is making big plans to enter India, the countryโs largest retailer Reliance Retail is winding up its furniture format under Reliance Living. All the stores under Reliance Living are now being shut down across cities such as Bangalore, Delhi and Hyderabad. โWe had 12 Reliance Living outlets across the country and most of them have shut down as furniture is no longer a focus area for the company,โ said an official from Reliance Retail. Reliance Living stores occupied large space across these metros…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
