Thursday, Jan 21 2021 | Time 21:16 Hrs(IST)
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  • Two COVID-19 related deaths, six new cases, 420 inoculated in Meghalaya
  • Konark to be developed into a world-class tourist destination
  • Govt committed to resolve boundary issue, says Meghalaya CM
  • Heroin, Opium worth Rs 6 cr seized in Anantnag, 1 held
  • Authority waived covid test for entering Sri Jagannath temple
  • Modi to virtually inaugurate year-long events on Chauri Chaura incident
  • Five dead in fire at Serum Institute of India in Pune
  • Lalu and left trying to make Bihar, a graveyard of Industries: Modi
  • Odisha Congress MLA opposes Bharatmala Pariyojana project
  • Delhi Metro: First tunneling drive of Ph-4 started at Vikaspuri
  • Five die in fire at Pune Serum Institute; Covishield production not hit
  • Jamaat-e-Islami Hind to spread message of humanity & peace through weeklong campaign in Maha from tomorrow
  • Plans to fast track development process towards transforming Meghalaya into model state says Sangma
  • COVID-19 Vaccination begins in remote North and Middle Andaman
Business Economy


Eighty global retail brands across verticals to enter India in 2018 with Franglobal

New Delhi, June 23 (UNI) Franchise India hosted their 6th annual Master Franchise Show’18 on Saturday co-organised by WIB (World Iconic Brands) and Franglobal, a statement said.
“Over 80 global retail brands across varied verticals marked their presence in the same. These brands have partnered with Franglobal and eye an investment of about USD 100 million in next 5 years,” the release stated.

Global brands such Magnolia Bakeries, Café Ritazza, The Cheese cake shop, Tutor Doctor , Architects of Skin, Wrap it up !, Ice Cream Labs, TruGym, Millies Cookies and many more tapping almost all sectors like Education, Food & Beverage, Specialty Retail, Fashion & Lifestyle, Health & Wellness, Real Estate were part of the show. Combined, they are expected to open 500-600 outlets in the country in the next few years.
Korres, Lush Addiction, Melting Pot are some of the names that made their entry to the Indian market last year with the 5th edition of this show.

“We are very excited to bring forth the 6th edition of our ever successful Master Franshise Show. We are overwhelmed to see participation from over 8- global brands this year. The current demographic metamorphosis in India has led to a consumption boom, as there is now an identifiable section of the population with high disposable incomes, evolving lifestyles and an appetite for western merchandise. Out of all F&B sector is increasing with 25% year on year basis which I believe is a good percentage and going to dominate the market this year as well. Apart from a majority of F&B brands signed with us we also have premium retail, education and wellness brands joining hands with us,” says Gaurav Marya, Chairman, Franchise India.

“Before entering any new market we look at it from many angles such as-- Is the brand recognition high, are we able to service the market properly and do we have the bandwidth to take it on, are there quality operators that we can work with and can we meet the challenges of the particular market. Once we establish this criteria and are comfortable we start to look for the right partners helping in expansion, we have partnered with Franglobal/Franchise India for our brand, also keeping in mind the current Indian Market we felt that this is the right time to enter the Market,” said Steve Abrams, CEO, Magnolia Bakery.

“We are very excited to expand our brand in the Indian Market. India poses an incredible opportunity with affordable housing and increased consumer demand; I believe with the changes and reforms that the Indian government is bringing in, there is a huge scope in the times to come.
“With high purchasing power, continuously rising population, increasing nuclear families and rapid urbanisation, the housing sector in India is anticipated to record a strong growth in the coming years.
The real estate sector in India is likely to reach a market size of $180 billion by 2020. Realopedia will link and build business networks for a global real estate audience and supports professionals at a most affordable price by providing investors the opportunity to source trusted brokers and properties. The Indian market fits perfectly well in our expansion plans, being an important element for the globalization of the real estate market working alongside NAR India,” said Laura Choueri, Founder & CEO Realopedia

“Happy to be in India, We are looking to expand our model here. We would first like to attract marketing and sales channels in India, may be though a master license. Also retail investors are happily invited to invest in BDX. BDX is the coin of coins offering white label services to ICO’s. Only asset based ICO’s. In return BDX holders will profit from Dividends paid by white labels partners” – said Dennis Vitz, Co Founder, BDX.

The franchise industry is growing at a rate of 30-35% per annum and the sales turnover of the sector was recently valued at over USD 7 billion which has incited growth within the franchising sector. All the brands entering India will be expanding through Franchise Model.
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Gemopai Electric announces launch of four dealership stores across AP, Telangana

21 Jan 2021 | 5:55 PM

Hyderabad, Jan 21 (UNI) Gemopai Electric, a value-for-money Electric Vehicles (EVs) Manufacturer in Gurgaon, on Thursday announced the launch of four dealership stores across Andhra Pradesh and Telangana.

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Rupee up 4 paise against USD

21 Jan 2021 | 5:23 PM

Mumbai, Jan 21 (UNI) The Rupee on Thursday moved up by four paise to close at 72.99 against the US Dollar on selling of US Dollars by bankers and exporters, dealers at the Forex Market said.

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General Aeronautics, Unmanned Aerial Vehicle Specialist, Raises INR 65 Million Pre-Series A Funding

21 Jan 2021 | 5:22 PM

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Panchshil Office Parks Honoured with 3 Safety Oscars

21 Jan 2021 | 5:20 PM

- Eon Free Zone-1, Business Bay & Tech Park One Campuses Conferred the Highest Health & Safety Accolade by British Safety Council
PUNE, India, Jan. 21, 2021 /PRNewswire/ -- Panchshil Office Parks—a unit of Pune-based Panchshil Realty— today announced that it has won 3 prestigious Swords of Honour from the British Safety Council for 3 of its marquee office campuses in Pune.

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Sensex falls 167 36 pts

Sensex falls 167 36 pts

21 Jan 2021 | 5:15 PM

Mumbai, Jan 21 (UNI)The BSE Sensex on Thursday slipped by 167.36 pts to settle at 49,624.76
on selling in Realty, Telecom, Metal and Materials stocks.

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