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Popular Articles

Power capacity addition lag to impact economic growth targets
With the government having finally admitted that the current Plan period’s power capacity addition target of 78,700 Mw is likely to be missed by over 20 per cent, experts have raised concerns over the impact on the country’s economic growth.

Short-term support expected at 5,000, resistance above 5,200
The Nifty closed above 5,000 due to short-covering on healthy GDP numbers for the September quarter and easing of concerns about the debt default in Dubai. The Nifty December futures saw short-covering above 5,030 and there was long build-up below 5,010. In the end, futures shed 813,250 shares in open interest (OI) and closed at four points premium to the spot, indicating unwinding of short positions.

News of the day

AP sanctions projects worth Rs 3000 cr
The Andhra Pradesh government has sanctioned seven projects that are being set up at the Sri City Special Economic Zone and the APIIC Industrial Park in the state. These projects involve a total investment of around Rs 3,000 crore, according to Busi Sam Bob, Principal Secretary, state industries and commerce department.
Corporate

Future Group to launch more private labels: Biyani

Kishore Biyani-promoted Future Group is expanding its private labels in various categories with plans to launch more products in new segments, such as toothpaste, as part of plans to become a Rs 25,000 crore conglomerate by 2013-14. - Future Group may hive off Big Bazaar: Biyani - Future Group may hive off Big Bazaar: Biyani - Biyani eyes new revenue streams - Future Ventures listing likely in March next year: Biyani - Future starts third-party logistics with Hitachi, Nestle - Future Group to grow 2.5 times to Rs 25,000 cr in 4 yrs: Biyani "We are launching quite a few new ones actually. We are launching our own toothpaste under the brand name of "Sach" soon," Future Group Chief Executive Officer Kishore Biyani told PTI. Private labels are brands owned by a retailer and not by a manufacturer and production of these are usually outsourced. He added the group has lately launched soups and noodles under its private label "Tasty Treat". Biyani had said that the group is aiming to have a turnover of Rs 25,000 crore by 2013-14, up from Rs 10,000 crore at present. The group"s private labels are managed by Future Brands, the brand development and marketing subsidiary. The group had earlier this year said that it would focus on the FMCG segment as part of a plan to increase the share of private labels in the group"s retail formats. Future Brands, which owns 18 trademarks in segments like apparel, FMCG and consumer electronics, is aiming to achieve a turnover of Rs 750 crore from the private labels this fiscal, up from the Rs 660 crore in 2008-09, a growth rate of 14 per cent. In July, Future Group had said it is working on lingerie brands which are to be launched in the group"s Pantaloons outlets. Besides, the group was also looking at revamping its "Tasty Treat" brand. Future Group"s trademark brands include 12 apparel, four FMCG and two household products labels. Private labels contributes around 30 per cent of its sales in FMCG and 25 per cent in personal care in the group"s major formats, including Pantaloons and Big Bazaar.


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