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Tata Croma to start Online Retailing
Tata Group firm infiniti Retail that runs electronics chain of stores under ‘Croma’ brand on Sunday said it will soon start selling products online. The company plans to open around 10 outlets by the end of this fiscal.
-Economic Times Delhi, August 1, 2011
Tata’s Croma to start Online Retailing
Tata Group firm infinity Retail that runs electronics chain of stores under ‘Croma’ brand on Sunday said it will soon start selling products online. The company plans to open around 10 outlets by the end of this fiscal.
- Economic Times Delhi, August 1, 2011
Trade with Japan gets a duty cut boost
India new trade agreement with Japan that seeks to more than double trade to $25 billion by 2014 through duty cuts came into force today.
Under the deal, Tokyo has scrapped import duties on 87 per cent of the goods that it buys from India with immediate effect, while New Delhi has dropped tariffs on 17.4 per cent of its imports from Japan. The comprehensive economic partnership agreement, signed in February, eventually seeks to abolish 94 per cent of bilateral tariffs within 10 years.
At present, trade with Japan stands at a little over $12.6 billion. The import from Japanese consumer goods such as mobile phone – including SIM and memory cards, calculators, chargers, compact discs, DVDs, ad video cameras will become duty free.
Japanese ambassador Akitaka Saiki said the business communities of the two countries should make the best use of this arrangement. “This arrangement will definitely facilitate both ways flows of trade and investment,” – he said.
- Telegraph Kolkata, August 3, 2011
Havells Forays into Home Appliances Market
Electrical equipment make Haveils India on Thrusday announced its entry into the domestic appliances market by launching a range of products including food preparation, garment care, home comfort, cooking and brewing. The company plans to garner sales of `500 crore from he segment in four years. Haveils India Joint MD Anil Gupta said in a statement. He said the firm will invest up to `80 crore on marketing and R&D of small appliances in 2-3 years. The domestic appliances market is estimated at `5,200 cr.
- Economic Times Delhi, August 5, 2011

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