India's oldest western fast food giant Nirula’s is ready for a price battle with McDonald's. And adding to the price zing, Nirula’s will serve up a new menu as well. In an attempt to take on McDonald’s might, Nirula’s is offering a wide array of comfort food for anything between Rs 19 and 35.
http://ibnlive.in.com/news/battle-of-burgers-nirulas-set-to-take-on-mcdonalds/62625-19.html
Move over from Delhi, Mumbai – Punjab, Gujarat and the Northeast are emerging as big spenders for luxury goods helping the Indian luxury market multiply 10 times by 2015.
http://ibnlive.in.com/news/luxury-brands-find-buyers-beyond-metros/62100-7.html
The Rs 5000 crore denim market in India is growing twice as fast as the formal wear segment. Jeans are fast becoming part of the Indian gene.
http://ibnlive.in.com/news/jeans-are-a-part-of-the-indian-gene/61211-7.html
Delhi based BPTP has landed India's largest land deal. In an auction by the Noida authority, BPTP won 95 acres for a whopping Rs 5,006 crores. This works out to Rs 1.31 lakhs a square meter or Rs 52.60 crores an acre. BPTP will have to pay 25 per cent of this amount upfront and the company says the entire deal will be mainly funded by internal accruals.
http://ibnlive.in.com/news/bptp-bags-rs-5000-crore-noida-land-deal/61018-7.html
Delhi based BPTP has landed India's largest land deal. In an auction by the Noida authority, BPTP won 95 acres for a whopping Rs 5,006 crores. This works out to Rs 1.31 lakhs a square meter or Rs 52.60 crores an acre. BPTP will have to pay 25 per cent of this amount upfront and the company says the entire deal will be mainly funded by internal accruals.
http://ibnlive.in.com/news/bptp-bags-rs-5000-crore-noida-land-deal/61018-15.html
This year's populist Budget has offered a two per cent cut on excise duty on the consumer durables industry. Though the Finance Minister admitted to a slowdown in the consumer goods/durables sector, the Budget has very little for this troubled industry. The excise cut of 2 per cent is counterbalanced by an increase in abatement and adds up to just 1.3-1.5 per cent of real benefit.
http://ibnlive.in.com/news/consumer-goods-sector-unhappy-with-budget/60456-27.html
A public-private partnership between the government of Punjab and Pepsico proves farmers are not against reforms. One of the largest producers of wheat and paddy, Punjab, will soon make a place for itself in the fruit market.
http://ibnlive.in.com/news/pepsico-ties-up-with-punjab-govt-farmers-to-benefit/59976-7.html
The mercury is rising and cola giants are getting ready for the battle this summer.
http://ibnlive.in.com/news/cola-war-will-akshay-kumar-steal-king-khans-thunder/59367-7.html
The mercury is rising and cola giants are getting ready for the battle this summer.
http://ibnlive.in.com/news/cola-war-will-akshay-kumar-steal-king-khans-thunder/59367-8.html
Though standalone discount stores like Brand Factory from Biyani already exist, Stadia Supercenter will the first discount mall. These malls will offer 50-60 per cent discount round the year on the brands they house. And the discounted model is not only for the end consumers but also the investors and the brands themselves.
http://ibnlive.in.com/news/india-to-get-its-first-chain-of-discount-malls-soon/57831-7.html
It’s not summer yet but intense competition has cola giants sweating it out already. New product launches and advertising campaigns are in the pipeline to beat the heat. Both Pepsi and Coca Cola are trying to fizz their juice drinks portfolio.
http://ibnlive.in.com/news/cola-giants-step-up-war-launch-new-ads-and-drinks/57643-3.html
ukesh Ambani's retail juggernaut will soon roll into the home solutions, travel, beauty and entertainment market. But amidst all this talk of new specialty segments, the company continues to be tight-lipped about a possible IPO. Undeterred by protests, Mukesh Ambani is rolling out new services under the Reliance Retail umbrella.
http://ibnlive.in.com/news/ril-retail-forays-into-lifestyle-entertainment/57311-7.html
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