Business Roundup # Week 4

Business this week
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Bosch Mulls Home Appliances Stores

German group Bosch is planning to set up company-owned stores in India for its home appliances arm, a report reveals.

The group is planning to make use of India’s liberalised retail FDI policy and set up a business plan for its own stores. BSH Household is the maker of Bosch and Siemens home appliances.

Liberty Shoes To Add Outlets

Liberty Shoes is seeking to open around 50 stores over the next one year as part of its expansion plan, according to a report.

The shoemaker is targeting 1,000 crore rupees by 2020 in annual revenue with this push. It will also unveil some new footwear varieties during the period.

Thai Firm Mulls Major Investment

A Thai cash and carry company is planning to invest 1,000 crore rupees in India to open new outlets, a report says.

Siam Makro will spend the amount over the next five years to open wholesale outlets across the northern region. The move is expected to generate 5,000 direct and indirect jobs.

New Swift To Be Unveiled At Show

A new model of the hatchback Swift will be unveiled by India’s top carmaker Maruti Suzuki at the upcoming Auto Expo.

This will consolidate the company at the show, to be held in Greater Noida, UP, from February 7 to 14. The new model, for which bookings have opened, will have enhanced style, interiors and better pick-up.

Samsung Launches ‘Mall’ Phone

Samsung has launched a new smartphone with the Samsung Mall feature, says a report.

The Galaxy On7 Prime is priced at 12,990 rupees. The new feature allows users to click photos of a product they like and search for it on various e-commerce sites that the company has ties with.

Huawei targets India For Growth Push

India will be the main focus of Chinese handset maker Huawei as it seeks to become the world’s third-largest brand in the next five years, according to a report.

The company is adopting an India-first approach by launching its new smartphones in the Indian market first, an official said. This will help it to increase its market share.

Company In Mothercare Move is in negotiations with DLF Brands for buying the Indian franchisee rights of Mothercare, says a report.

The company is seeking the rights of the UK-based kids brand to boost its presence in the growing market. The talks with DLF have intensified, sources have said.

Vivo Opens e-Store To Boost Share

Chinese firm Vivo has opened a new e-store to boost its market share in India, according to a report.

The new store will sell the smartphone maker’s V and Y series besides accessories.  The company is banking on the expanding internet penetration to make the store a success.

Babu Kalyanpur

Babu Kalyanpur, ( Consulting Editor) has rich experience in both sports and business journalism. Babu has led news desks in Pune and Bahrain and writes extensively on his passion, sports and business besides current affairs and matters of importance to Pune.

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