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.
India’s largest cement maker ACC has announced that the conglomerate has acquired 40% equity stake in Goa-based Alcon Cement Company for Rs 222.5 million.
Alcon has a clinker grinding and cement packing plant in Goa with a production capacity of 500 tonnes a day. It entered into a joint venture with ACC for technical and marketing support.
According to the sources, the equity stake was acquired in the previous quarter.
Canada-based Essar Steel Algoma, part of $5-billion Essar Steel Holdings (ESH) has informed that the company is exploring the options to pump Rs 1,200 crore in expanding its steel capacity and building a power plant.
The conglomerate will also upgrade air pollution control technology in the coming 18 months.
The expansion would be primarily funded through internal accruals.
Leading telecom service provider, Airtel would provide direct-to-home (DTH) satellite TV service in the country. The company launched Airtel digital TV on Monday. It can be purchased from 21,000 retail points and Airtel relationship centers in 62 cities.
Airtel would offer three different offers for the North and southern population of India. Its price in the northern region would start from Rs. 2,499 and for the South it would be available for Rs. 1,499. The company would provide over 175 channels through three different packages.
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. 
has acquired 40% equity stake in Goa-based Alcon Cement Company for Rs 222.5 million.
(ESH) has informed that the company is exploring the options to pump Rs 1,200 crore in expanding its steel capacity and building a power plant. 
satellite TV service in the country. The company launched Airtel digital TV on Monday. It can be purchased from 21,000 retail points and Airtel relationship centers in 62 cities.
