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CHINKI
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Quote CHINKI Replybullet Topic: Reliance Retail - Another giant!!
    Posted: 23/Aug/2007 at 12:37pm
A Retail University from Reliance by 2008-09

Close on the heels of Bharti Enterprises setting up a joint venture with the Chandigarh-based Global Retail School (GRS) and Pantaloon Retail (Future Group) tying up with the Mumbai-based Welingkar’s Institute to offer training courses in retail management, Reliance Retail, the wholly owned retail arm of the Mukesh ambani owned Reliance Industries, has decided to set up a retail university by 2008-09, reports PTI. Besides, Bharti and Pantaloon, even RCOM, Times Business and NIIT have also jumped in to the fray and have decided to offer courses in retail management in joint venture with leading colleges and universities.

The move comes in the wake of acute shortage of skilled manpower required by the sector. The problem is going to only accentuate in the coming months as new mega retail chains among others of Birlas and Bhartis begin rolling out on a large scale.

Reliance has already is already begun discussions for sewing up tie-ups with various learning partners, who will help in developing curriculum on retail that is suitable for the requirements of the industry.

“Once big retail format stores like RelianceMart kick off in large numbers, which we expect to happen by 2008-09, the retail university will also start,” said Bijou Kurien, President and Chief Executive Officer, Lifestlyle (RRL), Reliance Retail. He was talking on the sidelines of CII Marketing Summit in Delhi on Tuesday.

The courses on retail would focus mainly on requirement of the front-end operations although lessons on back-end processes would also be imparted, added Kurien, while talking about course content.

University will set up many study centres at different locations depending on the presence of large stores, he added.

Over 2.5 lakh new jobs, according to expert estimates, are expected to be offered by the sector, in the next two years and around three fourth of these will be for manning front-end of the business.

The Bharti-GRS joint venture, in which Bharti apart from providing support on developing course content, will also hire the skilled personnel, has decided to set up 60 training centres across the country, during this year.

SOURCE:INDIA RETAIL BIZ
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Quote CHINKI Replybullet Posted: 23/Aug/2007 at 12:48pm
Shree Ram Mills to house RIL’s first hypermarket

Mukesh Ambani has chosen the sprawling Shree Ram Mills property at Lower Parel in central Mumbai to launch Reliance Retail’s first hypermarket (discount store) in the city. Reliance’s four-storey office building at Shree Ram Mills compound will be converted into a mega store, which will be located close to Pantaloon’s Big Bazaar discount store at Phenoix Mills.

Reliance Retail, which ventured into hypermarket business by opening a 1.65 lakh sqft store in Ahmedabad last week, plans to start the construction of hypermarket shortly, according to industry sources. A Reliance group spokesperson declined to comment on the issue.

Reliance group executives will be moved out of Shree Ram Mills building to the new swanky corporate office at Koperkhairane in Navi Mumbai.

“Around 700 employees are now housed at the property. Some people have already moved out,” said the source. Before the split of Ambani brothers, Reliance Infocomm’s (now Reliance Communications.) corporate office used to function from the building. Reliance had bought the property from Kasliwals eight years back. Post split, the property went to Mukesh Ambani group.

Reliance Retail is planning to build a 50000-60000 sqft store at the location which is fast transforming into Mumbai’s corporate hub.

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HINDUSTAN TIMES
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Quote CHINKI Replybullet Posted: 23/Aug/2007 at 4:48pm
Mayawati orders big retailers to shut shop

The Uttar Pradesh government today ordered closure of all retail stores of big corporates, including those of Reliance Fresh and Spencer's, in Varanasi and the state capital. Chief Minister Mayawati announced the decision at a press conference.

The move comes in the wake of an attack on Reliance Fresh and Spencer's stores by traders led by a Samajwadi Party MP in Lucknow yesterday -- soon after the inauguration of 10 Reliance Retail food stores across the city.

When contacted, a Reliance Retail spokesperson declined to comment.

SOURCE:BUSINESS STANDARD
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Quote CHINKI Replybullet Posted: 23/Aug/2007 at 5:45pm
That's for sure. Everybody wants their pound of flesh (M..?).

In an article it is mentioned that farmers in Jharkhand are protesting against Traders who are opposing the entry of Corporates into Retail marketing.

Everybody knows that Organised Retail will benefit Farmers and Consumers. Both these people have been continuosly exploited by traders.

Can somebody imagine this???

There is a place called Hoskote hardly 25KM from Bangalore. Here farmers were throwing tomatoes on road as they were not getting good price. Infact many of them were leaving as it is in the market as storing/selling would have cost them additional money.

We in Bangalore are paying more than Rs.20/- per KG at the same time.

So naturally traders doesn't want to concede their so call birth right to exploit farmers as well as consumers.
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Quote PKB2000 Replybullet Posted: 25/Aug/2007 at 12:36pm
Originally posted by basant

What they will discuss or transact at the meeting is not tough to guess.
 

With whom Mukesh Bhai will discuss– Him or Her!

Mr. Amar Singh expects for a meeting

So shrewd can they be (politicians)! One smell of early elections and welcomes chaos in law and order to regain its popularity (and something extra from Mukesh Bhai), the other one becomes more clever and shut up the noise (and now will ask for more extra from--).

Aab tera keya hoga Kalia, Kiske sath baat kare!

I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso
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Quote CHINKI Replybullet Posted: 29/Aug/2007 at 11:49pm
Reliance’s retail plans for Bengal on, First store to be operational in 2 months

Kolkata, Aug. 28 Reliance Industries Ltd has no plans to suspend its retail operations in Kolkata and West Bengal. The company expects the first store to be operational in next two months.

For further details click here: THE HINDU BUSINESS LINE

States cannot shut down retail stores, says Pawar

‘Closure can be for a short period to maintain law & order’

New Delhi, Aug. 28 In a move supportive of organised retail trade expansion in the country, the Union Agriculture and Consumer Affairs Minister, Mr Sharad Pawar, said on Tuesday that States could not close down any establishment on a permanent basis unless there is violation of law.

For more informations, click here: THE HINDU BUSINESS LINE

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Quote CHINKI Replybullet Posted: 29/Aug/2007 at 10:15am
Looks like farmers will also get into road supporting Retail. Read the following article:

UP farmers up in arms in support of reliance fresh
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Quote basant Replybullet Posted: 29/Aug/2007 at 10:38am
Nothing can stop an idea whose time has come. It also shows how market forces are far above any Govt. or external agency.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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