India to open multi brand retail to foreigners

India’s Trade and Industry Minister said on Friday that talks to open up the country’s multi-brand retail sector to foreign investors were at an advanced stage, but he did not give a deadline. “We are very seriously engaged,” Anand Sharma told Reuters in an interview in Kuala Lumpur. “It is receiving attention of the government in a most serious manner…it is in a very advanced stage of discussion.” Moves to open up the $450 billion retail sector to foreign investment

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Marks & Spencer Reliance makes 2 senior appointments in India

NEW DELHI: Marks & Spencer Reliance India Pvt Ltd , a joint venture between UK’s leading retailer Marks & Spencer and India’s Reliance Retail, on Monday announced two senior appointments. While James Munson will head the company’s retail and marketing division, Maneesh Gaur will head property and projects to drive the store opening programme for the firm, an official statement said. “India is an important market for Marks & Spencer, its large population and economic growth presents us with our

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Telstra stores

The online initiatives will be handled by a new a new online customer service unit within Telstra Consumer that will “design and operate online self-service platforms that give customers the option of performing many transactions with Telstra online using their computer or mobile devices, rather than speaking to agents over the phone.” It will be headed by Gerd Schenkel, who has joined Telstra from UBank, an exclusively online bank established by the National Australia Bank, of which he was general

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closing retail, going e-tail

Those four words go a long way to summing up a tumultuous week in retail, when Borders collapsed in the US, quickly followed by Borders/Angus & Robertson in Australia. Online retail is not the only culprit of course (much has been made of REDgroup’s management in the case of Borders/A&R), but it is one of the key forces that is causing significant shifts in the retail landscape. We now live not so much in a global village, but a global

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The Mobile store offer in month of Romace – February

February rings in with never before offers from The MobileStore Customers at TMS to get booklet containing wide range of discount vouchers for high-end travelling destinations, eating-out, lifestyle and holidaying Upto 30 % off on select handsets from top brands, such as, Nokia, Samsung, Blackberry, Motorola, LG, Micromax and Spice Mobile Phone accessories free with a wide range of handsets With romance in the air, the month of February brings an array of offers to all The MobileStore customers.  So,

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50 years of IIM Ahemdabad

IIMA, September 30, 2010: Indian Institute of Management, Ahmedabad will enter the 50th year of its journey on December 11, 2010. Year long celebration of the Golden Jubilee will begin on that day by honouring retired faculty members, board members and staff who have served for a long period of time and contributed significantly to build IIMA into an iconic institution in management education. Smt. Mrinalini Sarabhai has kindly agreed to be the Chief Guest at the Inaugural function on

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The Mobile store in expansion mode : will add 700 new stores

The Essar Group-owned telecom retailer, The MobileStore, is planning to add 700 outlets in the next six months. The company already has 1,200 outlets across 200 cities and 45 per cent market share in organised telecom retail. “We will be scaling up our business by 50-60 per cent by the end of March. The time is right now because all the sentiments of economic downturn and problems with retail are over. People are spending and retail space is available at

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Cantabil Retail India IPO: It’s your choice

The issue is reasonably priced even though the ICRA grading for this IPO is low. This grading indicates below-average fundamentals. The company also operates in a highly fragmented market. Make your choice! Issue: Price: Rs127-Rs135 per equity share Bid lot: 50 equity shares and in multiples thereof No of shares on offer at Rs127 per share: 82.68 lakh equity shares No of shares on offer at Rs135 per share: 77.78 lakh equity shares Issue size: Rs10,500 lakh Issue duration: 22

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Nokia Delays the Launch of Nokia N8

Nokia has officially announced that N8  launch has been delayed to make some final amends in the product. N8 had been scheduled for launch by September end in many markets, but now will be available in October, Nokia said. Many analysts claim that the final amends in the phone might be to solve bugs problem, but Nokia has given no clear indications. N8 has been promoted by Nokia as a very high end smartphone, which stands a chance to make

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Ghajani girl Asin the new Brand Ambassador of Lux

Ghajani girl Asin joins the league of league of Aishwarya, Priyanka and Katrina. She too has joined the Lux family. She has earlier endorsed reputed brands like Mirinda, Big Bazaar, Sure – Anti perspirant, Tata Sky, Clinic All Clear and Fairever Fairness cream. As per reports, this Malayalam beauty has already shot the TV Commercial for the brand which was directed by Vinod P Vijay. Hope this ad brings good luck to Asin

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