Big Bazaar Announces 'Sabse Saste 4 Din' Offer; Eyes 25-30% Sales Growth

Big Bazaar Announces 'Sabse Saste 4 Din' Offer; Eyes 25-30% Sales GrowthWith the intention to offer the best shopping deals and savings to customers, Big Bazaar is ready to make this year's Republic Day week-end shopping truly unforgettable for its customers through its special sale offer, which will be applicable from January 23 to January
26, 2010.

The offer 'Sabse Saste 4 Din', which will be applicable on all the 120 sales outlets in 70 cities (pan-India), will cover up Big Bazaar, Food Bazaar, Furniture Bazaar, Electronic Bazaa and Future Group retail formats.

The country's largest hypermarket chain is eyeing a 25-30% growth in sales during the special sale offer.

Mr. Rakesh Biyani, Future Group's Director & CEO, said, "This year, we are expecting 25-30 per cent growth in sales during this four-day Republic Day event compared to last year. Even a 25 per cent growth will net us Rs 210 crore."

Big Bazaar has been eyeing to attract approximately 50 lakh clients through this special offer.

The sources also said that customers can get big discounts on LCD TVs, Mobile, Cloths, Watches, and other things at Big Bazaar.


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Former Goldman board director Rajat Gupta seeks re-trial over insider trading case

Former Goldman board director Rajat Gupta seeks re-trial over insider trading ca

Rajat Gupta, former board of director at Goldman Sachs Group, has sought re-trial over the insider trading case in which he was handed down a two-year prison term along with a $5 million fine.

On Tuesday, Gupta's lawyer Seth Waxman questioned the authenticity of the wiretap evidence that was accepted by US District Court Judge Jed Rakoff to penalize Gupta in October last year.

Essar Oil to sign loan deal with CDB

Essar Oil to sign loan deal with CDB

India's second largest private refiner, Essar Oil Ltd is expected to sign a Memorandum of Understanding (MoU) with officials of the China Development Bank (CDB) for up to $ 1 billion loan deal backed by supply of refined products to state-run, PetroChina.

The agreement is expected to be signed on Tuesday when the Chinese Prime Minister Li Keqiang visits Mumbai. The loan is expected to be backed by refined products from Essar's Vadinar refinery in Gujarat. The deal is a type of export advance to reduce debt by the company.