Retailers

  • Exclusive: Walmart looking beyond multibrand retail 3 days ago

    President & CEO, Walmart India says that the company is looking beyond multi brand retail and plans to open 50 cash and carry stores by 2020. ...
  • Chinese ecommerce giant Alibaba in talks with Snapdeal to enter India: Report 5 days ago

    Mumbai: Chinese ecommerce giant Alibaba is in talks with online retailer Snapdeal to enter India, the Economic Times reported on Thursday, citing two people aware of the development. Alibaba, whose shares are set to debut on the US market on Friday in what could be the world's largest ever initial public...
  • Centre will not allow FDI in multibrand retail: Nirmala Sitharaman September 8, 2014

    New Delhi: The NDA government will not allow foreign direct investment in multibrand retail, Commerce and Industry Minister Nirmala Sitharaman said on Monday. "We are clear that FDI will not be allowed in multibrand retail trade. We shall not entertain FDI in MBRT. There is no...
  • Yahoo Stores: Yahoo relaunches its ecommerce platform; lets small businesses easily set up online stores August 17, 2014

    San Francisco: Yahoo announced the relaunch of its ecommerce platform, which allows small businesses to easily set up online retailing. The new Yahoo Stores system, said a company blog post, allows users to "turn your idea into a business in less than two minutes." Amit Kumar, head of Yahoo Small Business, said...
  • Amazon sued over purchases by kids using mobile apps July 12, 2014

    Washington: The US government sued Amazon.com for allowing children to collectively run up millions of dollars in purchases on the credit cards of their unsuspecting parents while playing mobile apps like "Tap Zoo" and "Ice Age Village." The lawsuit, filed by the Federal Trade Commission, seeks to make the online retailer...
  • Growth forecast for next fiscal between 5.4 to 5.9 per cent July 9, 2014

    Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 201415 overcoming the sub5 per cent growth of Gross Domestic Product (GDP) witnessed over the last two years. The growth slowdown in the last two years was broad based, affecting in particular the industry...
  • Jaitley presents Economic Survey, GDP growth below 6 pc, inflation down July 9, 2014

    New Delhi: India's grim economic situation was reflected in the Economic Survey 201314, presented in the Lok Sabha on Wednesday by the Union Finance Minister Arun Jaitley. While the Economic Survey noted that fiscal deficit for 201314 has been contained at 4.5 per cent of the Gross Domestic Product (GDP)...
  • FDI in Multi brand retail not welcome: Nirmala Sitharaman June 14, 2014

    Commerce and Industry Minister Nirmala Sitharaman said that FDI in Multi brand retail is not welcome. "We have initially made a very clear commitment that in multibrand retail, opposition is very clear. FDI in Multi brand retail is not welcome at the moment." She had called on Prime Minister Narendra...
  • Nirmala Sitharaman says no to FDI in multibrand retail May 27, 2014

    New Delhi: Reaffirming BJP's stand on FDI in multibrand retail, new Commerce and Industry Minister Nirmala Sitharaman on Tuesday indicated that foreign players will not be allowed to open mega stores in the country as it may adversely impact the small traders and farmers. "At this stage the party...
  • Flipkart raises $210 million fresh funding from four investors May 26, 2014

    Mumbai: Flipkart, India's largest etailer, raised $210 million in a fresh round of funding from a group of four investors led by internetfocused investment group DST Global, it said in a statement on Monday. Last week, Flipkart, which is popular for selling books and electronics online, acquired the country's biggest fashion...
  • Fruit, vegetable prices push March retail inflation to 8.31 per cent April 15, 2014

    Retail inflation in March inched up to 8.31 per cent from 8.03 in February, mainly on account of a rise in fruit and vegetable prices. "Provisional annual inflation rate based on all India general Consumer Price Index (Combined) for March 2014 on point to point basis (over March 2013) is 8.31...
  • BJP's manifesto: Does it signal emergence of a new BJP under Modi? April 7, 2014

    The Bharatiya Janata Party raleased its 2014 election manifesto on April 7, the day voting began for the 16th Lok Sabha. The BJP manifesto pledges 'Ek Bharat, Shreshta Bharat - Sabka Saath Sabka Vikas' (One India, Best India - Unity and Development for everyone). ...
  • India Inc wants BJP to reconsider stand on FDI in retail April 7, 2014

    New Delhi: Dismayed by the BJP's decision to say no to FDI in multi-brand retail in its election manifesto, India Inc has urged the party to reconsider its stand, saying the move may send a wrong signal to overseas investors. However, industry bodies have welcomed other promises made in the manifesto...
  • BJP manifesto: Strong growth, zero tolerance on terror, Ram Temple April 7, 2014

    New Delhi: New Delhi: Promising to usher in an era of strong economic growth, job creation, tackling the corruption menace, zero tolerance on terrorism and a strong foreign policy, the Bharatiya Janata Party released its manifesto for the 2014 Lok Sabha elections on Monday, the day the first phase of...
  • Muzaffarnagar riots: Judicial custody for gangrape accused March 26, 2014

    A local court today sent an accused, involved in Muzaffarnagar riots related gangrape case, to judicial custody till April 7. The Chief Judicial Magistrate Narender Kumar sent Roki to judicial custody till April 7, in connection with six riot cases including a gangrape case. Police on Tuesday arrested Roki from Phugana village,...
  • In election season, Modi, Kejriwal lead race of online products March 19, 2014

    New Delhi: With the political fervour at its peak and the approaching Lok Sabha elections, political parties and online retailers are seeing an increased demand for merchandise with images and logos of main political leaders. Online stores like Flipkart, Bluegape, Snapdeal are also selling merchandise with images of main political...
  • BJP remains opposed to FDI in retail, won't change stand: Jaitley March 1, 2014

    New Delhi: The Bharatiya Janata Party has ruled out any change in its policy towards Foreign Direct Investment (FDI) in retail if it comes to power at the centre. Speaking to CNN-IBN's Karan Thapar on Devil's Advocate, senior BJP leader Arun Jaitley ruled out any possibility of the party reversing...
  • Hennes & Mauritz to open first store in India in 2014 February 12, 2014

    Hennes & Mauritz will open its first store in India this year, it said on Wednesday, as the world's secondbiggest fashion retailer becomes the latest to take advantage of the opening of Asia's thirdlargest economy to foreign operators. Hamp;amp;M, which said last year it plans to spend around 100 million euros...
  • Rajasthan government reverses Congress decision to allow FDI in retail February 1, 2014

    The Bharatiya Janata Party government in Rajasthan has reversed the earlier Congress regime's decision on allowing foreign direct investment (FDI) in retail in the state. In a letter to Union Minister of Commerce and Industry Anand Sharma, Chief Minister Vasundhara Raje said: "The (Rajasthan) government has studied the proposal and its...
  • Prithvi Reddy to head AAP's panel on economic policy January 19, 2014

    The ruling Aam Aadmi Party (AAP) in Delhi has formed a sevenmember team to formulate its economic policy ahead of the general elections. The decision to form a committee assumes significance as the party is under pressure from several quarters to make its stand clear on various issues ranging from foreign...
  • Global retailer WalMart sets up new company in India January 19, 2014

    Global retail giant WalMart has registered a new company in India as it prepares to enter the country's lucrative multibrand retail market with a new partner. The American retail major and Bharti Enterprises decided to part ways in October last year, bringing an end to their sixyear long partnership. The retailer...
  • Global retailer WalMart sets up new company in India January 19, 2014

    Global retail giant WalMart has registered a new company in India as it prepares to enter the country's lucrative multibrand retail market with a new partner. The American retail major and Bharti Enterprises decided to part ways in October last year, bringing an end to their sixyear long partnership. The retailer...
  • 4 business turnarounds in the making January 17, 2014

    1. Mining Moguls The unexpected winding up of the Shah Commission, which was investigating illegal mining, may have raised environmentalists' eyebrows, but the Indian mining sector is looking forward to a better year. Mining had stalled for about two years, hurting mining and steel companies like Sesa Goa and JSW Steel....
  • AAP downplays Captain Gopinath's remarks against decision on FDI January 16, 2014

    New Delhi: Aam Aadmi Party (AAP) today downplayed Air Deccan founder Captain Gopinath's comments against its government's decision to reject FDI in retail in Delhi, saying members can have different opinions. Senior party leader and member of the national executive committee Yogendra Yadav said that the party had over 1.5 million...
  • AAP government's decision to disallow FDI in Delhi bizarre: Captain Gopinath January 15, 2014

    New Delhi: Captain Gopinath, who pioneered the lowcost airline business in the country and had recently joined the Aam Aadmi Party (AAP), today said that the party must reconsider its decision on disallowing FDI in multibrand retail in Delhi. "The manner in which it has been done in Delhi, it will...
  • AAP's decision to disallow FDI in retail abrupt: Anand Sharma January 14, 2014

    New Delhi: Commerce minister Anand Sharma has criticized the Delhi government for withdrawing approval for FDI in retail. He said that the decision will have an adverse impact on creation of jobs and will hit the rural infrastructure. "50 per cent retail FDI inflows lead to creation of rural infrastructure...
  • AAP's decision disallowing FDI in retail irresponsible: Anand Sharma January 14, 2014

    New Delhi: Terming the Delhi government's decision to disallow FDI in multibrand retailing as "abrupt, irresponsible and illconsidered," Commerce and Industry Minister Anand Sharma on Tuesday said India is not a banana republic where policy decisions can be reversed. The ministry, he said, will examine the communication of the newly...
  • India Inc flays Kejriwal's decision to withdraw retail FDI from Delhi February 11, 2014

    New Delhi: The Delhi government's decision to withdraw permission for FDI in retail from the city state is drawing flak from India Incorporate. The Arvind Kejriwal led government is in talks with the Department of Industrial Policy and Promotion over the issue. India Incorporate has expressed strong displeasure over...
  • Delhi government withdraws permission for FDI retail stores February 11, 2014

    New Delhi: In a major move, the Arvind Kejriwal government in Delhi has written to the Department of Industrial Policy and Promotion (DIPP) on not allowing FDI funded stores in Delhi. With this, Delhi has become the first state to withdraw permission for FDI funded retail stores. The previous Delhi government...
  • World's first statelicensed marijuana retailers open doors in Colorado January 3, 2014

    The world's first statelicensed marijuana retailers legally permitted to sell pot for recreational use opened for business in Colorado on Wednesday with long lines of customers, marking a new chapter in America's drug culture. Roughly three dozen former medical marijuana dispensaries newly cleared by state regulators to sell pot to consumers...