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Fertilisers and Chemicals Travancore Ltd announces Rs 6,500 crore investment
Public sector fertiliser giant Fertilisers and Chemicals Travancore Ltd (FACT) on Friday unveiled a ‘2020 Vision Plan’ under which the company will invest Rs 6,500 crore to achieve revenue of… Read more
Muthoot Fincorp enters jewellery business
Muthoot Fincorp is foraying into jewellery retailing. Christened Swarnavarsham Jewellery, the company will soon start retailing jewels from two to eight grams from across its branches. “This is a logical… Read more
Havells to expand presence in Tamil Nadu
Electrical goods company Havells is planning to increase its presence across Tier II and Tier III locations in Tamil Nadu. The company is currently present in 50 towns out of… Read more
Panasonic to invest Rs 1,500cr in 3 years
Japanese electronics goods major Panasonic Corporation will invest Rs 1,500 crore in India over the next three years and restructure its operations here as it aims to take on bigger… Read more
Entry of international companies peps up ice cream market
Summer is getting hotter, but the most common trick to beat the heat is facing a meltdown. The ice cream industry, one of the oldest, most traditional ones in the… Read more
H&M to invest 100 mn euros to set up 50 stores
Swedish fashion retailer Hennes & Mauritz (H&M) has applied for permission to set up 50 stores in India with an initial investment of 100 million euros (about Rs 700 crore)… Read more
Abu Dhabi sets up panel to drive retail sector
Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) has set up a dedicated industry development committee (IDC) to drive the retail sector in the emirate. The committee, comprising representatives… Read more
Hong Kong’s Causeway Bay world’s priciest retail area
New York’s Fifth Avenue has ended its 11-year run as the world’s most expensive retail area, dethroned by Hong Kong’s Causeway Bay, according to a recent survey by real estate… Read more
SIXT starts franchise network in US
German car rental firm SIXT has started implementing its plans to create a franchise network in the USA. The company will not only continue expanding SIXT’s own system of rental… Read more
Tesco looks for US exit
Tesco in the United States is apparently ready to pull the plug on Fresh & Easy Neighborhood Market. The company recently said it has hired Greenhill & Co., a British… Read more