birla

Finally Tesco comes to India, partners with Tata Trent

12 aug 2008

Finally Tesco comes to India, partners with Tata Trent
UK’s biggest retailer has finally chosen its partner for Indian operations, to complement its strategy of growing overseas following its operations in countries like US, Korea and China. Tesco has chosen Tata Group’s retail arm, Trent Ltd to start its Indian operations.

Retail in news

29 jun 2008

Over the weekend, there were lot of happenings centered around the retail sector. With news, announcements and plans coming up of various players. Here is a snapshot of all. Future Group is restructuring its Big Bazaar operations by splitting it into two entities.

Yash Birla to restructure group companies

09 jul 2007

Yash Birla to restructure group companies
To exploit the opportunities offered by economic growth, the Rs.2500 crore Yash Birla Group is restructuring its business spread across four core sectors – engineering, auto textile and power. The restructuring would involve the group’s six listed and 14 unlisted entities and will see five mergers, formation of six holding companies, acquisitions, investments of Rs.1,000 crore, sale of non-crore businesses and overseas listing of the restructured entity.

Aluminium deal rumours heats up the markets

04 jun 2007

Aluminium deal rumours heats up the markets
Shares of India’s largest aluminium producer, Hindalco Industries rose upto 10% during trading today. The scrip showed such movement after a long gap and it was not on account of any macro factors such as rise in Aluminum and Copper Prices on LME, or changes in duty structure but was brought about speculative newspaper report which states that Canada’s Alcan and Sterlite (subsidiary of London-based Vedanta Resources Plc) could launch a join bid for Hindalco to avoid hostile bid from Alcoa.

Subhiksha on expansion spree, may raise money through IPO

01 jun 2007

Subhiksha on expansion spree, may raise money through IPO
Indian Economy is growing at a healthy 9%, and with this grows the propensity to consume. The Indian consuming class is expected to reach 69 crores by 2010 and the retail market to reach $350 billion by 2010 making it the fifth largest retail space in the world.