New Delhi: An association of chemist and drug retailers will go on a day-long strike and shut down medical shops on Friday against the "unjustified" policies of the government.
The strike is a token one-day strike to protest the reduction in profit margin by 6 per cent according to the new drug policy. The chemists argue that they cannot bear the loss in the current economy.
"We have decided to observe a day-long token strike against the unjustified policies of the government. However, medical shops at hospitals and nursing homes will remain open during the bandh so that emergency services are not hit and inconvenience is not caused to the general public," said Sandeep Nangia, president of The Retailers and Distributors Chemist Association (RDCA).
The association have several demands, which include maintenance of trade margins of medicines and not to reduce it in the forth-coming Drugs (Price Control) Order 2013 considering the rising operational costs....
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06:06 AM, May 10, 2013
Dhaka: In the aftermath of a building collapse that killed more than 500 people, Bangladesh's garment manufacturers may face a choice of reform or perish. Home to five factories that supplied clothing to retailers in Europe and the United States, the shoddily constructed building's collapse has put a focus on the high human price paid when Bangladeshi government ineptitude, Western consumer apathy and global retailing's drive for the lowest cost...
01:51 AM, May 04, 2013
San Francisco: Amazon.com Inc's experiment with original video production took a big step forward as the company posted 14 pilot TV shows on the Internet for free viewing. Amazon, the world's largest Internet retailer, has been filming pilots in recent months for comedy and kids TV shows such as Alpha House, Betas and Teeny Tiny Dogs. The company posted them all on the Amazon Instant Video section of its website...
10:47 AM, Apr 21, 2013
Lawmakers are making public emails that show that Wal-Mart Stores Inc's cheif executive officer found out in 2005 that the retailer was handing out bribes in Mexico. Democratic Congressmen Elijah E Cummings and Henry A Waxman, who are investigating bribery charges at Wal-Mart's Mexico division, on Friday released emails that indicate that Mike Duke and other senior Wal-Mart officials were informed multiple times starting in 2005 about bribes being made...
07:20 AM, Jan 11, 2013
Of its Rs 10,500 crore investment plan for India, IKEA has got FIPB approval to bring in only Rs 4,200 crore, even as Commerce and Industry Minister Anand Sharma today batted for allowing the Swedish furniture major's global model which includes cafeterias inside their stores. The Department of Industrial Policy and Promotion (DIPP), under Sharma, has already forwarded a request to Foreign Investment Promotion Board (FIPB) in the Finance Ministry...
04:17 PM, Dec 26, 2012
Mumbai: Shiv Sena on Sunday said that the party has not called any bandh in Maharashtra on Monday in lieu of Bal Thackeray's demise. Uddhav Thackeray's personal secretary Milind Narvekar said that Shiv Sena has not called a bandh either in Maharashtra or in Mumbai on Monday. However, Federation of Associations of Maharashtra (FAM) called upon its constituents and the trading community to observe a bandh in Maharashtra on Monday...
08:25 PM, Nov 18, 2012
San Francisco: Facebook Inc wants more credit for making online cash registers ring. Facebook has begun rolling out a new tool which will allow online retailers to track purchases by members of the social network who have viewed their ads. The tool is the latest of the new advertising features Facebook is offering to convince marketers that steering advertising dollars to the company will deliver a payoff. Facebook, with roughly...
03:17 PM, Nov 18, 2012
San Francisco: Facebook Inc is testing a feature that lets users of the social network create "wishlists" of home furnishings, clothing and other retail products, laying the groundwork for what some believe could be an eventual push into e-commerce. Facebook said it is working with seven retailers, including Pottery Barn and Victoria's Secret, to test the new feature that will allow certain users to flag images of desired products by...
09:55 AM, Oct 09, 2012
Sagarika Ghose: Hi there, Yes, there is political sound and fury about the government's decision to allow 51 per cent Foreign Direct Investment in multi-brand retail. But amidst the heat we've decided to shed some light. What does FDI in retail actually mean? We're exploring that tonight by asking our panellists to respond to viewers questions. We've opened up the question, "Walmart boon or bane" on our website ibnlive.com and...
11:10 AM, Sep 25, 2012
Mumbai: India has received six proposals from global single-brand retailers seeking permission to own 51 per cent of their operations in the country, the commerce ministry said on Monday. Retailers who have applied to the government include apparel maker Tommy Hillfiger, clothing retailer Brooks Brother Group, Italian jewellery brand Damiani International, French fashion brand Promod SAS, Fapa Company Ltd and NA Pali Europe SARL, which is a unit of sportwear...
02:20 AM, Aug 14, 2012
New Delhi: The recently unveiled mid-range Android phone from Sony - Xperia U - is now available online for sale. Online retailers like Flipkart and Letsbuy are selling the Sony Xperia U smartphone at Rs 16,499 and Rs 17,399, respectively. However, the company said that it will (officially) announce the availability of the Xperia U handset sometime this month. The Xperia U was unveiled at the Mobile World Congress 2012,...
04:19 PM, May 07, 2012
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10:56 AM, Dec 14, 2011
New Delhi: Terming the decision to hold back FDI in multi-brand retail as "unfortunate", retailers have expressed disappointment and asked the government to consider partial opening up FDI particularly in the non-food segment. "It is unfortunate that such an important and much needed economic reform has been suspended. I would like to reiterate that allowing FDI in multi-brand retail will benefit India immensely...," Bharti Enterprises Vice Chairman and MD Rajan...
07:17 PM, Dec 07, 2011
New Delhi: Traders all over the country are up in arms against the government's decision to introduce Foreign Direct Investment (FDI) in retail. Over 1 crore traders and small-time retailers are on strike in many states across the country on Thursday. Retailers say the move to allow big foreign giants in Indian retail will cost millions of jobs. Sources said that over 20 protesting traders in Mumbai were detained. The...
02:55 PM, Dec 01, 2011
New Delhi: Most of the markets in the national capital remained shut on Thursday as traders observed the all-India bandh in protest against Foreign Direct Investment (FDI) in retail sector. BJP also joined the traders' protest by organising marches and burnt effigies of Prime Minister Manmohan Singh and Delhi Chief Minister Sheila Dikshit in at least 20 locations of the city. Confederation of All India Traders' Delhi unit president Narender...
09:41 AM, Dec 01, 2011
New Delhi: Traders across the country have joined the protest against the government's decision to allow FDI in retail. Around 10,000 trade bodies are set to participate in a 'Bharat Bandh' protest on Thursday. All major commercial establishments across the country will remain closed. The announcement was made by the Confederation of All India Traders. Protest marches and 'dharnas' have been planned in different states. In Delhi, traders are planning...
06:27 AM, Dec 01, 2011
London: Retailers face tens of millions of pounds in costs and losses following rioting, looting and arson across and beyond London, and the impact on smaller businesses could be terminal, retail representatives warned. "It will amount to tens of millions of pounds in terms of damage to property, goods stolen, and of course lost business," Richard Dodd, head of media at the British Retail Consortium told Reuters Tuesday. In a...
08:17 PM, Aug 09, 2011
Milan: Swedish clothing retailer Hennes & Mauritz is to launch its first collection designed by a fashion blogger, a move cheered by unconventional online fashionistas. H&M, which has worked with top celebrities such as pop icon Madonna, said in a statement on Monday that Swedish fashion blogger Elin Kling had created a minimalist collection to be launched exclusively in Sweden on Feb. 3. "As one of the largest fashion profiles...
05:09 PM, Jan 11, 2011
Mumbai: The Competition Commission of India will now be looking into the issue of the sharp rise in onion prices that have stung the 'aam aadmi'. The apex fair trade watchdog is expected to probe the role of cartels at various levels across the nation that are creating an artificial price increase and shortage for onions. This after CNN-IBN exposed the story of manipulation of onion prices two weeks back....
07:33 AM, Jan 07, 2011
Mumbai: Spiraling onion prices have brought tears to the eyes, quite literally. At Mumbai's biggest wholesale market, CNN-IBN peels off the murky layers of mystery and manipulation around the onion price hike. While the traders at the APMC market were reluctant to talk, CNN-IBN captured a market transporter on a hidden camera spilling the beans. He also claimed that politicians are equally responsible. According to him the price hike is...
11:23 PM, Dec 23, 2010
