logo
Jaipur Watch Company enters franchise retail; opens first three stores

Jaipur Watch Company enters franchise retail; opens first three stores

Business Mayor11-05-2025

New Delhi: Jaipur Watch Company has opened its first three franchise outlets in Mumbai, Gurgaon, and Surat under a franchise-owned, company-operated (FOCO) model, as it begins expanding its national retail footprint, the company said in a recent press release.
The company plans to open eight more FOCO stores in the next six months across Hyderabad and Bangalore. The company is also targeting Rs 20 crore in revenue from its FOCO outlets by FY26, with franchise-led retail projected to contribute around 50 per cent of overall revenue.
'We're combining our brand's legacy with smart business infrastructure to meet rising demand in India's evolving luxury landscape. It is an opportunity for budding and established entrepreneurs to own a store at premium locations across India without getting involved in day-to-day operations,' said Gaurav Mehta, founder, Jaipur Watch Company.
The new stores are located at Oberoi SkyCity Mall in Borivali, DLF Summit Plaza in Gurgaon, and Vihan Mall in Surat. Under the FOCO model, the company retains control over operations, inventory, and brand positioning, while franchise partners invest in the physical outlets
READ SOURCE

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stocks to watch on June 12: Tata Comm, Max Health, Dr Reddy's, HDFC Life, PayTM in focus on brokerage views
Stocks to watch on June 12: Tata Comm, Max Health, Dr Reddy's, HDFC Life, PayTM in focus on brokerage views

Business Upturn

time19 minutes ago

  • Business Upturn

Stocks to watch on June 12: Tata Comm, Max Health, Dr Reddy's, HDFC Life, PayTM in focus on brokerage views

By News Desk Published on June 12, 2025, 08:17 IST Several brokerages have released their latest views and price targets on key listed companies. Here are the highlights of fund house recommendations for the day: CLSA on Tata Communications: Maintain Outperform on the company, target price at Rs 2100 per share Jefferies on Max Healthcare: Maintain Buy on the company, target price at Rs 1400 per share Nomura on Dr Reddy's: Maintain Buy on the company, target price at Rs 1575 per share Morgan Stanley on Life Insurance sector: Individual new sum assured growth stronger than individual APE for most large players HSBC on AMCs: SIP flows up, lump sum flows weak. Valuations of AMCs are now at peak Goldman Sachs on HDFC Life: Expect moderate H1 growth followed by a pickup in H2, target price at Rs 830 per share Citi on HCL Technologies: Maintain Neutral on the company, target price at Rs 1510 per share Citi on Britannia: Maintain Buy on the company, target price at Rs 5645 per share Citi on Hindustan Zinc: Maintain Sell on the company, target price at Rs 400 per share UBS on PayTM: Maintain Neutral on the company, target price at Rs 1000 per share Goldman Sachs on United Spirits: Maintain Buy on the company, target price at Rs 1700 per share Macquarie on United Spirits: Maintain Underperform on the company, target price at Rs 1250 per share Disclaimer: This update is for informational purposes only and does not constitute investment advice. Investors should consult certified financial advisors before making any investment decisions. News desk at

IEX shares fall nearly 10% as reports suggest Power Minister to consider consultation on market coupling
IEX shares fall nearly 10% as reports suggest Power Minister to consider consultation on market coupling

Business Upturn

time18 hours ago

  • Business Upturn

IEX shares fall nearly 10% as reports suggest Power Minister to consider consultation on market coupling

Shares of Indian Energy Exchange (IEX) fell sharply on Tuesday, plunging 9.74% to Rs 189.56 on the NSE following news that the Power Ministry will begin stakeholder consultations on market coupling — a structural change that could reshape power trading in India. The stock witnessed a steep intraday fall from above Rs 210 to below Rs 197 after CNBC-TV18 reported that the Power Minister would apprise stakeholders about the benefits of market coupling. Government sources confirmed that the process would be carried out via a broad bid rather than an internal mechanism, a move seen as potentially dilutive to IEX's standalone market power. The development revives market concerns from earlier this year, when the Power Secretary indicated that both the Ministry and the Central Electricity Regulatory Commission (CERC) were reviewing a Grid Controller report on market coupling. Market coupling refers to integrating multiple electricity exchanges to determine a single uniform market clearing price. Analysts believe such a shift may weaken IEX's pricing independence and could trigger structural changes in its current business model. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

United Breweries receives Rs 18.6 crore tax demand notice from Kerala GST department
United Breweries receives Rs 18.6 crore tax demand notice from Kerala GST department

Business Upturn

time18 hours ago

  • Business Upturn

United Breweries receives Rs 18.6 crore tax demand notice from Kerala GST department

By Aditya Bhagchandani Published on June 11, 2025, 13:40 IST United Breweries Limited informed the stock exchanges on Wednesday that it has received tax demand orders from the Kerala State Goods & Services Tax Department, Palakkad, amounting to Rs 18.6 crore, excluding applicable interest. The orders were issued under Section 17(3) of the Kerala General Sales Tax Act, 1963, for the financial years 2022–23 and 2023–24. The demand notice alleges non-payment of turnover tax on the sale of beer during the mentioned financial years. The company received the communication from the Deputy Commissioner of State Tax on June 10, 2025. In its exchange filing, United Breweries stated that it has already made adequate provisions for the demand in its financial statements and, therefore, does not anticipate any material impact on its financial or operational performance. The company also noted that it is evaluating legal remedies against the order. Meanwhile, the company's shares were trading slightly positive in Wednesday's session despite the development, reflecting investor confidence in the management's ability to handle the matter. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store