Popular Articles

'Indian regulatory regime has brought us a world of good'
Rajesh Bhayani / Mumbai December 24, 2009, 0:12 IST

Bank of Maharashtra net down 7%
Public sector lender Bank of Maharashtra reported a 7 per cent drop in net profit to Rs 112 crore for the quarter ended December 2009 against Rs 120.6 crore in the year-ago quarter. Net interest income, or the difference between interest earned and interest paid, grew 5 per cent to Rs 361 crore from Rs 343 crore in the December 2008 quarter.

News of the day

M J Antony: Catching up with science
M J Antony / New Delhi June 3, 2009, 0:51 IST
Online Business

Zapak to up cafes to 300 by Jun, breakeven this fiscal

Anil Dhirubhai Ambani Group"s gaming and entertainment arm, Zapak, expects to break-even this fiscal and plans to scale-up its gaming centres to 300 by June next, a top company official said. - RCom to raise Rs 6,300 cr for expansion - 3Idiots makes smart moves on marketing - Gas row: RNRL protest RIL"s counter in SC - Govt approval on price mandatory: RIL to SC - RNRL renews attack - GSMA not in consonance with family MoU: RNRL "We are planning to set up 300 gaming cafes in across 50 cities in India. All the new cafes will be opened through the franchise route," Zapak"s CFO Rohit Sharma told PTI. Zapak, the country"s largest online gaming portal, has 75 live cafes and has signed another 120 franchises last month, which would get operationalised in the next few months, Sharma said, without divulging investment details. The gaming cafes would offer games of all genres like racing, shooting, cricket, counter strike, need for speed, crazy kart, flat out and many more. "The gameplexes will have the latest technology and infrastructure besides providing world-class content for Indian gamers of all ages," Sharma said. With the gaming industry growing at a pace of 30-40 per cent, Zapak is also likely to break-even this fiscal, he said. The company, which is also the largest distributor of gaming CDs, has 4,000 retail outlets. It also sells gaming merchandises like keyboards, consoles, headphones and other gaming accessories. Recently, Zapak has launched two toys for Christmas--Zubber and Aquasand. Zubber, a dough, can be used by kids to make various shapes. It comes in different colours and on mixing with a white-coloured activator, hardens into a rubber-like material. Aquasand is a magic sand that never gets wet and can be used with accompanying moulds to create underwater sculptures using the squeezer bottles filled with Aquasand. Within the next 2-3 years Zapak aims to expand its user base to 1.5 crore and create the biggest distribution network in the country.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):