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Feb 27, 2015

Coffee’s hot as IPO could value Cafe Coffee Day at $1 billion

MUMBAI (Reuters) – The firm behind Cafe Coffee Day, India’s biggest homegrown coffee chain, is set for a market debut that could value it at almost $1 billion, even as the country’s burgeoning cafe culture draws global giants Starbucks(SBUX.O: Quote, Profile, Research) and McDonald’s(MCD.N: Quote, Profile, Research).

Cafe Coffee Day, a cafe pioneer in India, aims to list a 20 percent stake, raising roughly $200 million, within the next quarter, sources with direct knowledge of the plans said.

Feb 27, 2015

Coffee’s hot as IPO could value India’s Cafe Coffee Day at $1 bln

MUMBAI, Feb 27 (Reuters) – The firm behind Cafe Coffee Day,
India’s biggest homegrown coffee chain, is set for a market
debut that could value it at almost $1 billion, even as the
country’s burgeoning cafe culture draws global giants Starbucks
and McDonald’s.

Cafe Coffee Day, a cafe pioneer in India, aims to list a 20
percent stake, raising roughly $200 million, within the next
quarter, sources with direct knowledge of the plans said.

Feb 23, 2015

Retail dilemma in India: nice malls are few and far between

NEW DELHI/MUMBAI, Feb 24 (Reuters) – A severe shortage of
attractive malls has made setting up shop in India easier said
than done, crimping expansion plans for both foreign retailers
such as Lacoste and domestic giants like department store chain
Shoppers Stop.

India’s searing heat, heavy traffic and cluttered pavements
make malls the most popular option for urban middle class
consumers looking for a day out. But many centres – despite
having been built in the last decade – are struggling to draw
shoppers or retailers because of poor design or because they are
difficult to manage.

Feb 20, 2015

Indian IT firms eye robotics, driverless cars for next round of growth

MUMBAI (Reuters) – After decades of low-margin work like server maintenance, India’s information technology services firms are moving upscale in search of lucrative contracts for driverless cars and other advanced projects as online innovation changes clients’ needs.

Companies from Tata Consultancy Services Ltd to Wipro Ltd are all joining Infosys Ltd in investing in new, high-end technology, industry watchers say. Earlier this week Infosys bought U.S. automation specialist Panaya Inc for $200 million.

Feb 17, 2015

RIL, seven others apply to bid for mobile airwaves – sources

MUMBAI (Reuters) – India’s Reliance Industries (RELI.NS: Quote, Profile, Research) and seven other firms including top mobile phone operator Bharti Airtel (BRTI.NS: Quote, Profile, Research) have applied to participate in next month’s auction for mobile phone airwaves, several people directly involved in the process said.

Others firms which have submitted applications for the auction that will start on March 4 include the local unit of Vodafone Group Plc (VOD.L: Quote, Profile, Research), Reliance Communications (RLCM.NS: Quote, Profile, Research), Idea Cellular (IDEA.NS: Quote, Profile, Research), and Tata Teleservices, the people said.

Feb 17, 2015

India’s Reliance, seven others apply to bid for mobile airwaves-sources

MUMBAI, Feb 17 (Reuters) – India’s Reliance Industries
and seven other firms including top mobile phone
operator Bharti Airtel have applied to participate in
next month’s auction for mobile phone airwaves, several people
directly involved in the process said.

Others firms which have submitted applications for the
auction that will start on March 4 include the local unit of
Vodafone Group Plc, Reliance Communications,
Idea Cellular, and Tata Teleservices, the
people said.

Feb 12, 2015

Flipkart to double value of goods sold as demand rises

MUMBAI (Reuters) – Flipkart aims to double the total value of goods it sells to $8 billion this year, two people with knowledge of the plans said, as India’s largest online marketplace seeks to widen the gap with rivals including Amazon.com’s (AMZN.O: Quote, Profile, Research) India unit.

Online retailers often use GMV, or gross merchandise value based on monthly online sales, as a measure of performance, as they typically make revenues from the commissions they get from sellers.

Feb 12, 2015

India’s Flipkart to double value of goods sold as demand surges

MUMBAI (Reuters) – Flipkart aims to double the total value of goods it sells to $8 billion this year, two people with knowledge of the plans said, as India’s largest online marketplace seeks to widen the gap with rivals including Amazon.com’s India unit.

Online retailers often use GMV, or gross merchandise value based on monthly online sales, as a measure of performance, as they typically make revenues from the commissions they get from sellers.

Feb 10, 2015

McDonald’s India cuts salt, calories in burgers and fries

MUMBAI (Reuters) – McDonald’s Corp is cutting the amount of calories and salt on its Indian menu as it fights to hold on to customers in a rapidly growing developing market where newer, healthier fast-food options are just starting to catch on.

The burger chain is known globally for the consistency of its food, down to the thickness of fries or the amount of cheese on burgers, and changes run the risk of upsetting customers who expect the same taste on every visit, everywhere.

Jan 20, 2015

Samsung’s Tizen smartphone makes poor first impression in India

MUMBAI (Reuters) – Samsung Electronics Co Ltd’s first smartphone to run on its own operating system received a frosty welcome after its launch in India, with reviewers and consumers criticising its low-resolution cameras and dearth of software applications.

The South Korean giant’s latest handset stands out not so much for its no-frills specifications but for what lies under the hood – the Tizen operating system Samsung has developed to rival Google Inc’s Android platform.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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