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India’s organized retail sector has been facing tough times because of the ongoing economic slowdown and resulting job losses and salary cuts that have had downsizing impact on spending power of consumers. As a result, the foot-falls and the average revenue per sq. feet for the retailers have been strongly impacted. Lack of financing is … Read more Government unlikely to relax FDI norms for the retail sector
Despite the broader economy showing some green shoots, there is no respite for the export sector. India’s exports for the month of May fell at an annual pace of 29.2% to $11 billion, its eighth straight monthly fall as the economic downturn in West kept export demand subdued. Imports also went down, at an even … Read more Indian exports Fall 29% in May
Vision Corporation has entered into an agreement with Big Flicks – a division of the Anil Dhirubhai Ambani Group, for internet rights for the films / albums. As per the terms of the agreement, Vision Corporation will provide the feature films that hold negative rights and copyrights of music and other contents to Big Flicks … Read more Vision Corp in pact with Big Flicks
TVS Motor Company has informed us that the company has reported 6% rise in total two wheeler sales in June 2009 to 115,448 units as against 109,082 units in the corresponding period of the previous year. The company’s domestic sales posted a growth of 12% to 1,05,361 units in June 2009 as compared to 94,072 … Read more TVS Motor reports 6% rise in total two wheeler sales in June 2009
Tata Power Company, the largest integrated power utility company of the country, has announced that it has bagged two contracts from Chennai-based OPG Group on June 20. The first contract has been bagged from OPG Power Generation, under which Tata Power will provide operations and maintenance services to the power generation company, for its 1×80 … Read more Tata Power bags two contracts from OPG Group
The Telecom Regulator – TRAI has issued guidelines on protecting consumers interests and operators rights and entire set of regulations for smooth enabling and functioning of Mobile Number Portability in India. It would have been nice had they adopted an approach where the consumer directly approached the MNP Agency rather than operator as the Donor … Read more Customer Vs Operator for Mobile Number Portability