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Monday, January 23, 2006

Pantaloon And Reliance Capital

Pantaloon to set up 51 malls in 3 years
-Priyanka Sangani - Business Standard

The Pantaloon group-promoted Kshitij will be setting up 51 malls over 14.5 million sq ft over the next three years. Shishir Baijal, chief operating officer, Kshitij, said, “These malls will be called Kshitij Retail Destinations and will be spread over 29 cities ranging from Mumbai and Chennai to smaller ones like Siliguri, Guwahati and Ranchi. This is the first time a chain of malls will have a pan-India presence.” ......... Read Full Story

Reliance Cap to foray into online broking
-Ashish Aggarwal - Business Standard

Reliance Capital is set to foray into online equity broking services through a new subsidiary, tentatively named Reliance Online Trading Services. The company will operate through the network of Reliance Capital, and a portal is being set up for offering retail online trading services. Reliance Capital, when contacted, neither confirmed nor denied the development. The company is currently putting in place a team to start operations shortly. The online equity trading services segment, which constitutes over 5 per cent of the entire equity broking sector, is dominated by ICICIdirect.com with over 7 lakh customers. Indiabulls and Kotak Securities are the other major players in online trading. ....... Read Full Story



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