RETAIL TRADE

  • 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)...
  • India most optimistic on hiring plans for October-December quarter: Survey September 11, 2013

    India has emerged as the most optimistic nation in terms of hiring plans for the next three months following a dramatic turnaround in employer confidence after four consecutive quarters of relatively lackluster forecasts. According to the Manpower Employment Outlook Survey released on Tuesday by ManpowerGroup, the hiring pace for the upcoming...
  • Highlights: Government relaxes FDI norms August 2, 2013

    New Delhi: Following decisions on FDI limits were taken on Thursday at the Cabinet meeting chaired by Prime Minister Manmohan Singh. Relaxes norms for Multibrand Retail Trading (MBRT) Eased mandatory 30 per cent local sourcing norm for MBRT players Local sourcing norm to apply only in first engagement FDI cap...
  • Amendments: FDI in singlebrand product retail trading September 14, 2012

    New Delhi: The Cabinet has approved the proposal of the Department of Industrial Policy and Promotion for amendment of the existing policy on Foreign Direct Investment in SingleBrand Product Retail Trading. Here is the full text of the decision: Government had permitted FDI, up to 100 per cent, in single brand product...
  • 60 pc Indian retailers struggling to pay debts: Report April 1, 2009

    Mumbai: Falling sales had most lifestyle and upmarket retailers crying for help when the slowdown set in. But these problems are now old hat. With the slowdown expected to hurt business for another 12 to 18 months, a KPMG report says over 60 per cent of Indian retailers are now...
  • Retail chains, FMCG cos at war over right of first access July 10, 2008

    Mumbai: Nestle hot chocolate drink, Jacker potato chips, shampoos and conditioners are just some of the many foreign brands that My Dollar Store imports and sells through its outlets. But global FMCG companies that manufacture these brands are crying foul because they have not yet introduced them in India. Sources...
  • Left turn: Yes to Reliance, no to WalMart April 2, 2008

    Coimbatore: Retail giants like Reliance Fresh maybe facing protests in states like Uttar Pradesh, but support for them is coming from unexpected quarters. The Left is opening up to organised retail. And that means Indian retail companies can now open shop in Leftruled states, like West Bengal and Kerala, without...