The retail bug has firmly bitten IOC (Indian Oil Corporation), the country’s oil-sector behemoth. And why not? At a time when Reliances and Bhartis are actively scouting around for space to jumpstart their retail foray, IOC is already a step ahead in that it has good amount of space in its filling stations through the […]
Big Mac debuts
Blue Fox restaurant on Park Street passed into history yesterday as it yielded to city’s first Big Mac outlet. It took McDonald’s a long while to qualify Kolkata as one of their destinations, and once they’ve set foot here, they’re contemplating fast expansion. [Image source] On the cards are 3 more restaurants in the city […]
Bengal on US map
The 15-member US business delegation currently touring the city has among others Daniel Christman, senior VP of US Chamber of Commerce, and Ron Somers, the erstwhile chief of Unocal India (which is now a Chevron subsidiary) and currently president of US India Business Council (USIBC), heading the team. After meeting CM this afternoon, Somers appears […]
The retail makeover
Presently, govt doesn’t permit foreign retail giants to start business in grassroots retailing, since their phenomenal financial power and scale of operation can elbow out small grocery stores and other outlets in every locality. Which is why Bharti’s tie up with Wal-Mart is limited only to cash-and-carry business, the same as what Germany’s Metro Group […]
Sliding stocks, robust economy
At a time when India’s economy is more robust and globalised than ever before, slide of stock prices comes as an anticlimax. Critics will say that the union budget presented a week back is the main culprit for this occurrence. While that may be partially true, what is not is that this year’s budget is […]
And now, the Danes
“..the choice of Kolkata is because of the very proactive interest of the State Government in promoting fresh investment and industrialization in West Bengal and the strong growth in several business sectors. From a Bangkok perspective Kolkata is also only a short 2-hour flight away. Actually almost the same distance as from New Delhi..“ This […]
Budget 2007
Aam admi wouldn’t be bothered by nitty-gritty of Union Budget if not for the reason that it spells something about personal finance and taxation. Thus while people like me stay riveted on what the FM announces on personal finance, the industrywallahs much rather prefer to watch what the budget has in store for corporate sector […]
The India story
Finance Minister Chidambaram’s job is full of thorns. He is credited with once presenting a ‘dream budget’. Accolades there have been, but now one sees creases increasing on his forehead. The main reason: inflation is inching up. First the Congress President, now even the country’s President has expressed dismay at rising prices of essentials. [Image […]
FDI versus FII
India is gradually entering that stage from where it’ll be able to grow by leaps and bounds. All figures point in that direction – the GDP growth, the inching high of inflation, and now the FDI amount. FDI, or Foreign Direct Investment, has seen doubling from $3.23 billion in 2004-05 to $7.23 billion in 2006-07 […]
Italian PM coming
Romano Prodi, the Prime Minister of Italy, is coming today to the city. His city trip being a business visit, he will be accompanied by a 200-member strong Italian business delegation that also includes Italian Minister of International Trade Emma Bonino. Both Prime Minister Prodi and International Trade Minister Bonino will address an economic forum […]
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