Retailers

  • Fruit, vegetable prices push March retail inflation to 8.31 per cent 15-04-2014 06:45 PM

    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...
  • India Inc wants BJP to reconsider stand on FDI in retail 07-04-2014 06:16 PM

    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...
  • BJP manifesto: Strong growth, zero tolerance on terror, Ram Temple 07-04-2014 10:34 AM

    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 26-03-2014 01:47 PM

    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...
  • In election season, Modi, Kejriwal lead race of online products 19-03-2014 12:58 PM

    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 01-03-2014 05:27 PM

    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 12-02-2014 02:25 PM

    Hennes & Mauritz will open its first store in India this year, it said on Wednesday, as the world's second-biggest fashion retailer becomes the latest to take advantage of the opening of Asia's third-largest economy to foreign operators. H~~amp;amp;M, which said last year it plans to spend around 100 million...
  • Rajasthan government reverses Congress decision to allow FDI in retail 01-02-2014 07:55 PM

    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...
  • Prithvi Reddy to head AAP's panel on economic policy 19-01-2014 08:02 PM

    The ruling Aam Aadmi Party (AAP) in Delhi has formed a seven-member 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...
  • Global retailer Wal-Mart sets up new company in India 19-01-2014 03:34 PM

    Global retail giant Wal-Mart has registered a new company in India as it prepares to enter the country's lucrative multi-brand 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 six-year long partnership. The...
  • Global retailer Wal-Mart sets up new company in India 19-01-2014 03:34 PM

    Global retail giant Wal-Mart has registered a new company in India as it prepares to enter the country's lucrative multi-brand 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 six-year long partnership. The...
  • 4 business turnarounds in the making 17-01-2014 03:22 PM

    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...
  • AAP downplays Captain Gopinath's remarks against decision on FDI 16-01-2014 04:35 PM

    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...
  • AAP government's decision to disallow FDI in Delhi bizarre: Captain Gopinath 15-01-2014 07:28 PM

    New Delhi: Captain Gopinath, who pioneered the low-cost 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 multi-brand retail in Delhi. "The manner in which it has been done in Delhi, it...
  • AAP's decision to disallow FDI in retail abrupt: Anand Sharma 14-01-2014 06:00 PM

    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 14-01-2014 02:05 PM

    New Delhi: Terming the Delhi government's decision to disallow FDI in multi-brand retailing as "abrupt, irresponsible and ill-considered," 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 14-01-2014 07:48 AM

    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 the...
  • Delhi government withdraws permission for FDI retail stores 13-01-2014 03:31 PM

    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...
  • World's first state-licensed marijuana retailers open doors in Colorado 03-01-2014 05:18 PM

    The world's first state-licensed 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...
  • H&M gets govt nod to invest $115 million in India 02-12-2013 10:47 PM

    Mumbai: Swedish retailer Hennes & Mauritz (HMb.ST) has received final approval from India's Foreign Investment Promotion Board (FIPB) to invest 7.2 billion rupees in the country, according to a government statement on Monday. The world's second biggest fashion retailer had said in April this year it plans to open 50...
  • Sunil Mittal: Riding the high tide in Indian telecom 28-11-2013 12:09 PM

    Sunil Bharti Mittal Chairman and managing director, Bharti Enterprises Age: 55 Rank in the Rich List: 10 Net Worth: $6.6 billion The Big Challenge Faced in the Last Year: Steadying Airtel's operations and maintaining its market leadership in a highly competitive, regulated and, yet, uncertain sector The Way Forward: Focusing...
  • India to be largest overseas market by 2016: Marks & Spencer 11-11-2013 10:43 PM

    Mumbai: British retail chain Marks & Spencer's, which operates through an alliance with Reliance Retail, on Monday said its India operations will be the largest outside the home market by the turn of 2016 by when it will have over 80 stores here. "India is a priority market for us...
  • HSBC to exit India retail broking; 300 jobs to be cut 17-10-2013 09:13 PM

    London-based HSBC said on Thursday it will exit its retail broking business in India, the latest global bank to scale back operations in the country. About 300 jobs will be cut as a result, a spokesman said. A source involved in the process said the bank decided to exit the...
  • Onion wholesale prices down Rs 5 per kg; retail rates continue to touch sky 24-09-2013 05:46 PM

    New Delhi: Wholesale prices of onion on Tuesday declined by Rs 5 at Rs 40-45 per kg, although retail rates continued to rule at the uncomfortable level of Rs 60-70 a kilo. Arrival of new crop of the kitchen staple from Karnataka and increase in imports led to the fall...
  • In sign of downturn, Indian retail landlords finally capitulate on price 19-09-2013 11:26 AM

    In a capitulation that speaks to the depth of the slump in India's economy, usually tight-fisted retail landlords have become uncharacteristically flexible on rents, as Lacoste India CEO Rajesh Jain knows well. The French brand name has been offered space at a mall in Jalandhar in Punjab. But rather than...
  • India most optimistic on hiring plans for October-December quarter: Survey 11-09-2013 09:01 AM

    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...
  • FDI up 6 per cent to US $10.87 billion in January-June 2013 08-09-2013 02:08 PM

    New Delhi: Foreign direct investment (FDI) into India increased by 6 per cent year-on-year to US $ 10.87 billion during the first six months of this year. According to data from the Department of Industrial Policy and Promotion (DIPP), the country had received US $ 10.27 billion of FDI in...
  • ZopNow takes a crack at online grocery 30-08-2013 12:09 PM

    "Don't forget to get me a 2-kilo pack of Baba Ramdev's detergent powder," said the voice on the other end of the phone to Bal Krishn Birla. Birla, as he is known to most people in Bangalore's closely-knit startup ecosystem, is a jovial 40-year-old who defies classification by virtue of...
  • Wholesale onion prices fall by Rs 5/kg in Delhi 19-08-2013 04:38 PM

    Wholesale onion prices on Monday fell by Rs 5 per kg in Delhi's Azadpur market to Rs 35-40 per kg due to substantial increase in supplies and the declined is expected to cool down the retail rates as well. There has been a decline of Rs 20 per kg in...
  • Delhi loves to shop online: Assocham 15-08-2013 06:32 PM

    Mumbai: Delhiites have been lapping up the opportunity to shop online and lead the race in shopping on the internet. The capital ranks first in online shopping, followed by Mumbai and Ahmedabad, an Assocham survey says. Assochams survey found that 62 per cent of Delhiites preferred to shop online, while...