Spencer’s Retail Ltd, the retailing arm of $3 billion RPG Group, has reported a loss of Rs 149.92 crore before deducting taxes for the year ended 2007-08, clocking a turnover of Rs 812.81 crore in the same period. The company said the loss after considering deferred tax credit of Rs 62.01 crore was Rs 89.30 [...]

-Contributed by Ankit With 3G Iphone hogging all the limelight in recent past, one big news which many might have neglected was the acquisition of Symbian by Nokia. Nokia will now create a foundation which will give away Symbian’s softwares for free. Nokia by taking this step has made it clear that they are not [...]

Research firm Gartner said it cut its forecast for cellphone market growth in 2008 to 10-11 percent as a global economic slowdown started to crimp demand in the second quarter. At end-May Gartner forecasted that 10-15 percent more phones would be sold this year. “In the last month however, the economic environment started to negatively [...]

Addressing the 2nd India Cleantech Forum, in New Delhi, on July 10, 2008, John McCarthy, the Australian High Commissioner to India said that Australia and India were on the verge of a great economic partnership. At the same forum, Chris Greenwood, Director of New Energy Finance, UK, revealed that investments in the clean technology sector [...]

GSM companies added over 6.3 million new customers in June this year crossing the 212 million mark. This represented a growth of 3.07 per cent over the last month according to ther latest figures released by the Cellular Operators’ Association of India (COAI). The figures, however, exclude the GSM subscriber base of Reliance Telecom which [...]

Jones Lang LaSalle Meghraj (JLLM) research paper titled ‘High Streets of India : Embracing Change ‘, released yesterday, focuses on High streets across the country, and how they have stood up against the proliferation of malls and how they have adapted. The report emphasises that Indian high streets have certain attributes which make them unique, [...]

BETTER VALUE TO CUSTOMERS: Federal Bank Chairman M. Venugopalan (left) exchanging the memorandum of understanding on SME financing with SIDBI Executive Director V. Chandrasekaran, in Kochi on Wednesday. Federal Bank and SIDBI have entered into a strategic alliance for financing small and medium enterprises. A memorandum of understanding (MoU) was signed in this connection here [...]

Claiming that existing commercial terms are heavily in favor of the mobile operator, mobile value-added service (VAS) providers have sought the telecom regulator’s intervention in determining the revenue sharing formula with cellular operators. VAS accounts for nearly 25 percent of mobile operator’s revenues. This revenue is expected to go higher as third generation mobile services [...]

Sphinx Adonis Sphinx, a Pune-based event management firm, will launch 100 ‘events retail stores‘ in Maharashtra in the next one year and 1,000 stores countrywide in the near future to offer services in organising and managing birthday parties, anniversary get-togethers and weddings. Named ‘Eventwala’, these stores will be one-stop shops offering theme-based packages starting from [...]

Indian retail major, Subhiksha, hopes to extensively tap the booming retail segment and plans to open 1,000 more outlets by the year-end. “Organised retail is growing at a rate of 8-10 per cent per annum, which so far represents only about four per cent of the total retail market. We are planning to open about [...]