IKEA, Sweden-based world’s largest home furnishing major, will open its first Indian store in Hyderabad in July 2018, while the second store will be opened in Mumbai in 2019, according to Patrik Antoni, deputy country manager, IKEA India.Antoni said that in Mumbai, the company’s product offering will also be available online.The company’s strategy also entails entering two other metro cities - Delhi and Bangaluru, post which the operations will be extended to Kolkata, Pune, Ahmedabad, Surat, Chennai, Chandigarh, among others.Close IKEA has hired 150 employees for assembling products for its Hyderabad store. Out of 10,000 products available globally, the company will offer nearly 7,500 products in this outlet. related news Kiran Mazumdar Shaw settles alleged insider trading case with Sebi in Infosys matter Fiat Chrysler to recall nearly 700,000 SUVs for electrical fault risk OYO appoints Betsy Atkins as independent director Speaking about product prices, … [Read more...] about IKEA to open first Indian store at Hyderabad in July
4th july fireworks
The Reserve Bank of India (RBI) net sold $18.662 billion of the greenback in the spot market, during the first seven months of the current financial year, according to RBI data.In the same period last year, RBI was a net purchaser of the greenback, as it had bought $16.301 billion. In September, 2018, RBI sold $31 million of the US currency in the spot market on a net basis, as per the latest RBI data.In the reporting month, the central bank purchased $1.012 billion, while selling $1.043 billion in the spot market. In August, and July, it had sold $2.323 billion and 1.87 billion, respectively, on a net basis.Close The apex bank said that In April, May and June, it had, on net basis, sold $2.483 billion, $5.767 billion and $6.184 billion of the US currency, respectively. In September 2017, RBI had net bought $1.259 billion of dollar, after it purchased $3.788 billion and $2.529 billion in the spot market. related news Banking | Should RBI have a Deputy Governor based outside … [Read more...] about RBI net sells $18.66 billion between April-September
After a fantastic year for Indian equity markets, domestic mutual fund industry experts are hoping for another blockbuster year in 2018.The year 2017 was one of the best years for mutual funds in recent years as the industry matured and attained some level of sustainability. In fact, this was the best ever year for Indian retail investors because unlike most of the previous bull runs, which were led by FIIs, this one was led by domestic retail inflows.The Indian markets were on a roll in 2017 with indices delivering around 27-28 percent return between January and December. Indices clocked fresh milestones frequently after Nifty first hit an all-time high of 10,000 in July. The Nifty has largely traded above the 10k-mark since then, running parallel to the Sensex, which hit 34,000 for the first time on December 26.Close Domestic investors have really been the big drivers for this market, especially through the mutual fund (MF) route. In nine out of the 11 months till November, equity … [Read more...] about MFs had a terrific run in 2017, but can they create wealth for investors in 2018?
In one of the most aggressive campaigns seen in the Indian two-wheeler segment, Chinese motorcycle manufacturer CFMoto will be carpet bombing the segment by launching one new model every three months.The launches will begin after the introduction of BS- VI norms in April 2020.The product line-up includes premium motorcycles, budget motorcycles, electric motorcycles, electric scooters and even electric bicycles and all-terrain vehicles (ATVs). The company will start electric launches from 2020 onwards, a top company official told Moneycontrol.Close CFMoto is even prepared for investments for setting a manufacturing plant in India if sales volumes breaches its internal target. The company will aggressively price its products to challenge local heavyweights like Hero Motocorp and Bajaj Auto, starting with a planned reduction in its existing model range. related news Kiran Mazumdar Shaw settles alleged insider trading case with Sebi in Infosys matter Fiat Chrysler to recall … [Read more...] about Chinese company CFMoto plans to storm Indian market; to go head-to-head with Bajaj and Honda
Himadri BuchMoneycontrol NewsShares of Manpasand Beverages have been on a downward journey for seven consecutive sessions, losing 55 percent of its value since the beginning of the week from May 23.That day it emerged that Deloitte Haskins & Sells India quit as the auditor of Manpasand Beverages as the fruit juice maker failed to provide them with "significant information" on the financial results for the year ended March 31, 2018. The announcement of results, slated for May 30, was subsequently postponed.Close This spooked investors, for whom Manpasand had been the flagbearer of rising rural consumption, the company that reflected the importance of Bharat - rural India - in the Indian economy. After all, Manpasand Beverages has the unique distinction of being the sole listed company from the beverages sector. related news Kiran Mazumdar Shaw settles alleged insider trading case with Sebi in Infosys matter … [Read more...] about Riches to Rags: What made Manpasand Beverages so popular to now so unpopular?