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Future Group, India's leading business house with strong presence in retail sector, has launched a new retail chain of stores to market ethnic brands and products of India.
Worldwide home fashion and lifestyle major Rosebys has inaugurated its retail launch in the country with proposals to build 650 exclusive stores by fiscal 2012 for which it has roped in Bollywood actor Soha Ali Khan as brand ambassador.
Two years after its acquisition by the $700 million Gujarat Heavy Chemicals (GHCL), Rosebys intends to penetrate the estimated Rs 10,000 crore Indian decor market using the franchise route with 600-1,200 sq ft stores in all metros and Tier-I and II cities.
Bharti Retail, the retail venture between Bharti Group and Wal-Mart, the world's largest retailer, has entered into strategic partnership with IBM India. This collaboration is a progression of an existing four-year relationship between the Bharti Group and IBM.
Under the ten-year deal, IBM will provide best technology and services that will enable Bharti Retail to scale up operations in the long term.
The latest alliance is in line with Bharti Retail's efforts to be a customer-centric and trusted retailer.
Bangalore-headquartered Wipro Infotech, a division of the US$4.93 billion Wipro Limited, has secured a five-year multi-million-dollar order from Spencer's Retail Ltd.