Pantaloon to curb expansion, focus on 16 cities

Pantaloon Retail India Ltd, the country’s largest retailer, is consolidating its business in the top 16 cities and a surrounding network of secondary cities, exiting from smaller towns that don’t fit into this network, a top company official said. The consolidation would help Pantaloon Retail improve profitability as it looks to get investors on board […]

Will FDI help?

The Government’s recent decision to allow 49 per cent foreign direct investment (FDI) in the aviation sector has given rise to two sets of questions. The first has to do with what this will mean for airlines like Kingfisher. Will Kingfisher be able to get the much talked about monies to keep its operations afloat? […]