Future Group to invest Rs 400 crore by 201 Future Group will invest Rs 400 crore in the next four years to scale up the supply chain efficiency of its retail formats such as Big Bazaar, Pantaloon, Central and e-Zone, says a senior official. KishoreBiyani-controlled group will invest the money in its supply chain vehicle— Future Supply Chains (FSC). It has already put in Rs 150 crore in the past 18 months and will invest Rs 100 crore each year till 2014, said Anshuman Singh, MD & CEO, FSC.
An efficient warehouse management helps a retailer to reduce logistic cost, save the inventory size and increase shelve availability,” he added. FSC has eight integrated distribution centres across the country with 2,00,000 sq ft area each. A May report by SasthaGudalore, equity analyst at Alchemy Securities, said the warehouse management system has had a positive impact on Pantaloon Retail India. “It has increased the order filling rate from 70% to 90%, thus, clearly increasing the throughput and reducing the revenue loss.”
Infosys, Wipro, HCL, TCS created wealth out of human beings Infosys is one of India’s premier software company, which has contributed greatly to India’s global reputation as a powerhouse of IT exports. It has also been a pioneer in the concept of giving away its shares to its employees in the form of stock options. This employee perk has made many of them multi millionaires, even in dollar terms. Even if you were not an employee and had bought 100 shares of the company in its IPO of 1993, those shares would be worth about Rs 5 crore today. Infosys also was a pioneer in transparency and disclosure in their published financial accounts. Of course other IT companies like Wipro, HCL, TCS, Iflex (to name a few) have similar stories of spectacular wealth creation for their employees as well as shareholders.
Infosys also was a pioneer in transparency and disclosure in their published financial accounts. In recent years their annual report is thicker than a dictionary, and some people say that it reads like a PhD thesis.Of course other IT companies like Wipro, HCL, TCS, Iflex (to name a few) have similar stories of spectacular wealth creation for their employees as well as shareholders.
Carrefour to open first Indian outlet by Nov French supermarket giant Carrefour said on Friday it would open its first wholesale store in India by November, as it joins other foreign firms trying to break into the nation's vast retail sector. The world's second-largest retailer after US-based Wal-Mart hopes the outlet in New Delhi will eventually lead to a string of hypermarkets for consumers in the fast-growing emerging market. "We plan to open a cash-and-carry store (in New Delhi) by November," Carrefour India spokesman Franck Kenner told AFP at a news conference in Teekli village near the capital. Foreign players such as Carrefour, Wal-Mart and Britain's Tesco have been pushing for a Government green light that would fully open up India's 500-billion-dollar retail sector to outside operators.
India's tight foreign investment rules allow no overseas chains in the retail sector -- except for single-brand outlets such as Nokia or Reebok -- to protect local retailers, mainly family-run corner stores. Kenner said Carrefour, which recently swung to a first half net profit as growth in emerging markets helped offset weakness in Europe, is going it alone in the wholesale business unlike Wal-Mart. "We are in talks with partners," he said, but declined to reveal any names. Wal-Mart has teamed up with India's Bharti telecoms group and Tesco has an alliance with the tea-to-steel giant Tata Group. India's Future Group, the largest retail chain with outlets such as Big Bazaar, has been most frequently named as a potential partner for Carrefour.
Govt to replicate 3G e-auction mechanism for other sectors The e-auctions for 3G and BWA spectrum were completed in May and June this year, which saw the government mopping up more than Rs 1.06 lakhcrore in revenue. The success of this auction has been unparalleled and the government intends to replicate this model in other sectors, it added. Though it did not specify the sectors, sources said the e-auction model could be applied to areas like broadcasting and radio FM. It has allotted spectrum to the winners of 3G and BWA spectrum under the auction. "The 3G spectrum has been allotted to AirTel, Aircel, Vodafone, S Tel, Reliance, Idea Cellular and Tata Cellular Services, who won the bids through the e-auction,
3G allows high-speed mobile broadband access, enabling users to download full length movies, make video calls and watch live television programmes. The government had auctioned three 3G slots throughout the nation, while four slots were offered in five circles. The operators have been awarded 5 Mhz of spectrum in each circle they won under the auction and they expect to roll-out services in the next few months. In the two metros of Delhi and Mumbai, three operators -- BhartiAirtel, Vodafone and Reliance Communication -- had emerged as the winners of 3G licences, while no operator could bag pan-India spectrum under the auction that was conducted between April 9 and May 18 this year. The pan-India bid for third generation spectrum stood at Rs 16,750.58 crore. Anil Ambani-led RCom bagged the highest number of 13 circles, followed by Bharti with 12, Idea with 11 and Vodafone and Tatas with nine circles each.
Max plans to set up 60 stores across India Retail chain Max of Dubai-based Landmark Group on Saturday said that it aims to establish 60 stores in the country by 2010-11. Max launched its first store at Bhopal and the third in Madhya Pradesh. "We aim to take our offering to customers across the nation, including all metros and key tier II and tier III cities. At present we have 33 stores across India and we plan to take it to 60 by 2010-11," Max Executive Director Vasanth Kumar told reporters on the occasion. Max currently has over 115 stores across the Middle East, Egypt, India, Turkey, Yemen and Palestine.