Carrefour, Europe’s biggest retail chain, is reportedly close to a deal with Kishore Biyani of Pantaloon Retail to set up franchisee stores in India.
The Carrefour franchise stores will be aimed at affluent customers, pitting them against the Raheja group’s HyperCity, which operates four stores in three cities.
Currently, Indian rules permit foreign direct investment in the cashand-carry wholesale business to supply to other retailers, but not directly to customers. Foreign investment is barred in case of multi-brand retail stores, while single-brand retailers such as Nike and Reebok can be foreign owned up to 51%. Multi-brand international retailers are also allowed to operate, but only through the franchisee route.
Modern retail is only 5% of the entire retail pie, which is estimated to be $390 billion, according to the Retailers Association of India.
It is nothing but brokerage amount paid in advance a la prepaid mobile services by clients to the broking houses.
Advance credit/deposit, or prepaid brokerage, is typically in vogue during a market rally when bullish investors expect plenty of trading opportunities.
Prepaid brokerage schemes have made a spectacular comeback as big stock broking houses look to hook as many clients as possible while the upbeat market sentiment lasts and customers flock to a trading system that is up to 40% cheaper.
Know what are these? They consist of a brace surrounding a core of high-performance steel. These are used in construction industry to construct buildings that can withstand earthquakes measuring beyond 5 on the Richter scale.
This structure is designed and developed by Mr. Benne Narasimhamurthy Sridhara, a structural steel design consultant from Bangalore.
Know he gets paid $60-80 as royalty whenever US-based steel fabricators are involved in the construction of a new hospital, school or commercial building in the earthquake-prone American west coast? Cool know?
Conventional braces, which do not have any sleeved material for absorbing energy, can buckle under even in an earthquake measuring 5 on the Richter scale.