Cafe Coffee Day has opened its first outlet under the tie-up at Essar's petrol pump on the Pune-Ahmednagar highway
Mumbai: In an attempt to increase its non-fuel revenues, private sector refiner Essar Oil on Thursday said it has tied up with coffee chain Cafe Coffee Day (CCD), reports PTI.
"Non-fuel business is a strategic business for Essar Oil and we expect it to contribute significantly to the company's growth in the coming few years. Our tie-up with Cafe Coffee Day is part of this strategy and it also results in effective use of available land in a retail outlet's premises, thus leveraging on the available resources to a maximum level," Essar Oil Marketing CEO S Thangapandian said in a statement.
Cafe Coffee Day has opened it first outlet under the tie-up at Essar's petrol pump on the Pune-Ahmednagar highway.
"We have shortlisted several more EOL outlets to set up our signature cafes," Cafe Coffee Day Marketing President K Ramakrishnan said.
Essar Oil with its 1,400 retail network, has existing tie-ups with around 23 brands across segments like lubricants, agro products, banking and financial services and food and beverage companies.
Cafe Coffee Day currently operates 1,100 outlets across the country in three formats-- lounges, cafes and kiosks and plans to have 2,000 outlets by 2014.
The Lok Sabha was adjourned once for an hour and then for the day while the Rajya Sabha saw two adjournments till 2pm before being finally adjourned for the day
According to the CAG report, consumers are exposed to the risk of buying impure gold jewellery due to inadequate coverage of Indian jewellers and goldsmiths as the hallmarking is not mandatory
New Delhi: To protect consumers from unscrupulous jewellers, the Comptroller and Auditor General (CAG) has advised the government to enforce compulsory hallmarking of gold jewellery, reports PTI.
Hallmarking of gold, which is voluntary at present, is a purity certification of the precious metal. The Bureau of Indian Standards (BIS), under the Consumer Affairs Ministry, is the administrative authority of hallmarking.
"The Consumer Affairs Ministry and BIS may consider hallmarking of gold jewellery under mandatory certification so as to safeguard the interst of the consumers," CAG said in a report tabled in Parliament on Thursday.
Consumers were exposed to the risk of buying impure gold jewellery due to inadequate coverage of Indian jewellers and goldsmiths under the BIS's volunatary hallmarking scheme as the hallmarking was not made mandatory, it noted a report.
It also said BIS Act had not been amended to cover hallmarking under mandatory certification.
Noting that the reply of the BIS is not acceptable that the jurisdication to amend the Act for making gold hallmarking mandatory rested with the Consumer Affairs Ministry, it said, "Since it (BIS) is the national standard body of the country and is mandated to provide quality assurance to the consumers, whether the concerned standard is made mandatory or not."
In early January, the Cabinet had approved the BIS (Amendment) Bill that aims to expand the ambit of mandatory hallmarking to include more products, including gold. The Bill has not yet been introduced in Parliament.