Video Gallery: Balapur Ganesh laddu auctioned for Rs 16.60 lakh, sets record

Balapur Ganesh laddu auctioned for Rs 16.60 lakh, sets record

Multimedia News: Famous Balapur Ganesh laddu has set all time record fetching Rs 16.60 lakh in auction this year. Srinivas Gupta of Arya-Vysya committee bought the laddu for Rs 16.60 lakh.

The laddu weighs 21 kilograms. Last year, the laddu was sold for Rs 15.60 lakh.

Balapur laddu auction has been happening since 1994. In 1994, the laddu was sold for Rs 450

↓↓↓ Here is the Video Link ↓↓↓

Balapur Ganesh laddu Auction

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News Source: BS & Business Standard

Ikea's first India store opens today, aims to reach 200 mn people in 3 yrs

The company's products offering was based on a thorough understanding of the needs and aspirations of Indian households.

 

Companies News: Ikea aims to reach 200 million people in India in the next three years and its journey is going to be based on affordability and accessibility, the Swedish home furnishings chain’s Group Chief Executive Officer Jesper Brodin said on Wednesday on the eve of the launch of the company’s first Indian store in Hyderabad.

Brodin said the company would like to keep the product prices within the reach of various segments of the society without compromising on quality. The furniture retailer, he added, wanted to expand its footprint in other Indian cities as quickly as possible to gain a significant share in one of the largest markets in the world. In 2013, the Centre had cleared Ikea's Rs105-billion foreign direct investment (FDI) proposal to set up 25 single brand retail stores in the country. Of this investment commitment, the company has invested Rs10 billion on the Hyderabad store, which has a 400,000-square-foot built-up area, besides acquiring land in Mumbai, Bengaluru, and Delhi to set up similar stores in the coming years.

Ikea First India Store

He said the company’s products offering was based on a thorough understanding of the needs and aspirations of Indian households, and in this process it had also learnt new things that could be replicated in other stores outside India.

The first store in Hyderabad will be followed by online presence, a store and touch points in Mumbai next year. Subsequently, it will set up one store each in Bengaluru and National Capital Region (NCR). Besides, the company is also planning to invest Rs7.5 billion to build its own warehouses and a large distribution centre in Maharashtra in the next three years, as most of its import consignments reach Indian shores via Mumbai port.

In the next phase, Ikea will expand to other cities, such as Ahmedabad, Surat, Pune, Chennai and…continue reading

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News Source : BS

Fresh spell of rain lashes Delhi, hampers daily life

Heavy downpour and thunderstorm lashed several parts of Delhi-NCR on Wednesday morning.

After a week long hot weather and maximum temperature hovering over 29 degree Celsius to 33 degree Celsius, the fall in the temperature and rain brought relief to the residents.

However, heavy downpour led to water-logging and traffic jams which affected the transport networks in several areas of the capital.

Gurugram witnessed massive traffic jams which made the office goers angry. Commuters are having a harrowing time as vehicular traffic is crawling on roads.

According to the MeT department, thunderstorm with moderate to heavy rain would occur over many places of northwest, south and southeast NCR and Delhi including Bhiwani, Rohtak, IGI Airport, Dwarka, RK Puram, Gurgaon, Noida, Dadri, Greater Noida during the read more..