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Tata’s Croma plans growth on pushing products and presence

Croma, the Tatas’consumer durable and electronics chain, plans to launch new products in niche categories such as jewellery cleaners, renegotiate rentals with owners and increase its presence in metros to boost revenues, a top company official said.The chain is...

C Subramaniam joins Gitanjali Group

Gitanjali Group has announced the appointment of C Subramaniam as the group president human resources of Gitanjali Group, a group having interests in diamond and jewellery, retail, infrastructure and lifestyle businesses.Speaking about the appointment, Mehul Choksi, chairman and managing...

Videocon to expand retail ops

Videocon Retail, the retailing arm of Videocon Industries, has planned to invest around Rs 800 crore to expand its Next Retail and Planet M outlets across the country in the next three years.Confirming this, Saurav Dhoot, director, Videocon Retail,...

Whirlpool partners Next; To give easy credit to consumers

Whirlpool India has planned to enter retail financial services and has partnered with Videocon’s Next Retail for giving easy and flexible credit to consumers.Sukhpreet Singh, general manager, brand marketing, Whirlpool, said, “The consumer will benefit as we are bearing...

Videocon eyeing Rs 10K crore through Bolld Cash & Carry

Venugopal Dhoot-promoted Videocon Group has planned to join the retail bandwagon through a cash-and-carry venture. The group will launch 16 stores under the Bolld Cash & Carry brand and is targeting a turnover of Rs 10,000-Rs 11,000 crore in...

Videocon to consolidate retail business — forms Videocon Retail

Videocon Industries is entering the grocery and lifestyle retailing market through cash-and-carry format, and is planning to have all its retail formats under an umbrella brand called Videocon Retail, by mid-2008.The company’s retail brands include Next Retail, the recently-acquired...

Survey predicts quantum jump for consumer durables sector

There was good news in the consumer durable goods sector as a survey revealed that it was poised for a quantum leap due to technological improvements, falling prices due to competition, aggressive and innovative marketing, and declining import tariffs.Many...

NEXT acquires Planet M

Cracking a deal worth Rs 200 crore, NEXT, a retail chain of Videocon Industries, has acquired Planet M, the music and entertainment retail arm of media house Bennett, Coleman & Co.“Planet M has huge brand equity, and fits in...

Videocon Communication is Trend Electronics

Videocon Communication, which manufactures and exports consumer electronics, has been renamed as Trend Electronics, from May 1, 2007. Videocon Group, which owns Videocon Communication, has said in a statement to the Bombay Stock Exchange, that the name change has...

Videocon to sign final document for Daewoo Electronics

After months-long negotiations between Videocon-led consortium and Creditors of Korean durables firm, Daewoo Electronics, a happy ending seems to be in sight. The creditors of Daewoo Electronics have authorised a member of the lenders’ consortium, Woori Bank, to sign...
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RBI permits UPI transactions via prepaid payment instruments using third-party apps

A PPI issuer, in its capacity as a payment system provider, should not oonboardcustomers of any bank or any...
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