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Retailers mull new strategies for small stores
Reliance Retail looks at deep-discount stores, Spencer’s at franchisees

Rs 35 crore at stake in IPL-3 after Sena threat to Aussies
The third edition of the Indian Premier League, scheduled to begin in March, is under controversy after the Shiv Sena has opposed the participation of Australian cricketers in the domestic Twenty20 event, in the wake of ongoing attacks on Indian nationals Down Under.

News of the day

Maharashtra Sugar Mills pay first advance of Rs 450/tn more than FRP
Maharashtra sugar mills, which contribute over 35 per cent to the total sugar production, are not affected by the controversy over the fair and remunerative price (FRP) and the subsequent ordinance issued by the Centre. Over 150 cooperative and 25 private mills in the state have paid Rs 800 a tonne more than the prevalent statutory minimum price (SMP) of Rs 1,070 a tonne during the 2008-09 season.
Business Opportunities

GMR Hyd inks deal with CFM to build training centre

GMR Hyderabad International Airport, a subsidiary of GMR Infrastructure, has signed an agreement with the world’s leading aircraft engine manufacturer, CFM International, to establish a new CFM56 maintenance training centre to support its customers in the South Asian region. CFM International is a 50:50 joint venture between Snecma (Safran Group) of France and General Electric Company (GE) of the United States. - Wipro bags 10-year contract for Delhi airport - DIAL signs concession pact for catering, cargo facility - Collection of ADF need no statutory nod: MIAL - Central team to study swine flu situation in Andhra - NEWSALERT: All int"l airports to have thermal scanners to detect swine flu - Continental apologises to Kalam over frisking This training centre, which will commence operations by January 2010, will be located in the GMR Aerospace Park, being developed in the exclusive 250 acre aviation SEZ, that forms part of the Rajiv Gandhi International Airport complex. This aviation SEZ has been recently notified by the government of India. GHIAL will build the facility and lease to it CFM. The agreement, which cements a memorandum of agreement executed in January 2009, was signed in Hyderabad on October 29.


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