Retail Chronicles_ Volume-2_Issue8_16-30November

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07 BIOPIC: K.P Singh (Kushal Pal Singh) By Tejas Rane K.P Singh, is a real estate magnate, and is known for being India's largest real estate developer. He was born on August 15, 1931, in Uttar Pradesh, and he grew up to establish and head DLF Limited, as the chairman and CEO of the company. Career Mr. K.P Singh is a graduate in science from and has achieved his higher education in Aeronautical Engineering, from UK. He subsequently joined Indian Army which he left to join his father-in-law, Chaudhary Raghvender Singh, to find the DLF group. Thereafter, he joined American Universal Electric Company in 1960,, which was a JV between Universal electric Company of Owosso, Michigan and the Singh family. In 1979, American Universal Company merged with DLF Universal Limited, while appointing KushalPal Singh as the Managing Director of this new company. Personal insights KushalPal Singh, is married and is a father to three children. Chaudhary Raghvender Singh, his father-in-law, shares close ties with each other. His father-in law, himself has done infrastructural wonders to various areas of Delhi, such as South Extension and Greater Kailash. Notable Project The key man, behind DLF, has successfully renamed Gurgaon, as The Millennium City or The Shopping Mall Capital of India. His contribution in transforming Gurgaon into a world renowned hub within a decade is practically unforgettable. Achievements The Indian billionaire, KushalPal Singh, today stands at a worth of $3.4 billion, and has amassed considerable fortune to be counted as one of the richest entrepreneur in the world. The market capital of India's largest real estate company, DLF, now stands at Rs. 11,475 billion. He also holds many key positions in regulatory bodies. Currently, K.P Singh presides over the Central Board of RBI, as its director. He is also the director of 31 different private companies engaged in various sectors of the economy. The prestigious 'Delhi Ratna' award was honoured to him for his valuable contribution towards Delhi.
08 Amazon India doubles its war chest to $4.74 RETAIL NEWS AT A GLANCE billion to take on Flipkart Alibaba seeks CCI nod to buy stake in BigBasket ITC plans to take its Fabelle chocolate brand to retail outlets next year Jabong inks deal to sell Hamleys toys RIL to foray into co-branded apparel business with ‘RElan’ - RIL says the firm has tied up with VF Corp., which would be launching Wrangler Jeans under its fibre; in advance discussions with five more brands Wipro Consumer Care to invest in Happily Unmarried - The investment in Happily Unmarried is in keeping with the company’s strategy of leveraging emerging online opportunities, says Wipro Consumer Care Tata Global Beverages completes sale of Russian subsidiaries Sunty and Tea Trade for Rs41 crore, as part of a business restructuring exercise announced in August Walmart India to open 30 stores in next 3 years – It plans to add 5-7 stores in the next year even as it begins piloting ‘dark stores’ or fulfilment centres for retailers, stockists and kirana stores buying from it
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Retail Chronicles_ Volume-2_Issue8_16-30November

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