800 to SX4 – quite a journey! [Image source] Sanjay Gandhi is perhaps more infamous than he is known for good deeds. But one that truly stands out as the nation’s pride, the now ubiquitous Maruti car, has been his initiative. He however did not live to see Maruti’s giant stride in decades after his […]
Metro’s plans
You may say Metro Cash-n-Carry’s city entry is jinxed as its debut large-format store in Singhabari off EM Bypass just after Ruby Hospital is lying half-finished because of a court case over the plot it’s coming up. But that hasn’t prevented the German behemoth to unleash its other plans that includes setting up an academy […]
CSE’s new suitors
Once upon a time, the Calcutta Stock Exchange (CSE) was the foremost center after BSE in the country to trade in stocks and shares. Brokers and investors doing it in BSE would invariably have close contact with their fraternity in CSE. On some days the total turnover at CSE would be very close to or […]
Divide in the left
The divide in the left rank is now wide open. After the big brother, CPM, has been rapped hard over the knuckles by the uproar following Nandigram fiasco, the smaller partners have come out of the woodwork to make the best of the situation. A recent example is that of Forward Bloc’s apparent refusal of […]
Retail simmers
The volume of home improvement business that can generate in New Town when it is in full flow can be gauged from the fact that Kishore Biyani owned Future Group is going to headquarter here its less-than-a-year-old Home Solutions Retail. Home Solutions will come in 4 formats – Collection-i, eZone, Home Town and Furniture Bazaar. […]
The turn of events
Suddenly, the stock market looks good. A small wave of good news has brought cheers to lackluster trading last week. For example, Infosys’ Q4 results have taken the market by pleasant surprise. The quarter’s net income for Infy rose by about 70% over last year’s Q4 figure. The FY06 net too recorded robust growth. The […]
Mangoes to US
This summer, mangoes may well be out of reach of most people. The king of fruits, the delicious Himsagar, Langda, Fajli and Golapkhash from Bengal are set to travel all the way to US. The 32nd annual conference of US-India Business Council (USIBC), slated to take place on 27 June, will have Festival of Indian […]
Spencer’s in Kolkata
Chennai’s Spencer’s Plaza it once was! [Picture source] RPG Group’s retail venture has been through acquisition of Spencer’s, the mainly south-based supermarket chain. It’s in Chennai that an Englishman JW Spencer started a department store in 1860s on the city’s spinal chord, Mount Road (Anna Salai). Later, after a devastating fire in 1983, the entire […]
ONGC slides
ONGC finished Rs.807 on NSE after yesterday’s trading. It’s a huge winding down from the recent peak of Rs.910. True the post-budget meltdown all around is responsible. But, according to ONGC management, so too is the oil regulatory authority, DGHC (Directorate General of Hydrocarbons). In a recent letter to oil ministry, the normally reticent CMD […]
IOC in retail
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 […]