Rural push to boost FMCG companies' topline next year: Report
Thu, Dec 28, 2017
Blaming the challenges in rural markets, low wage growth and a deficient monsoon in FY15 and FY16 for the poor revenue growth, the report said the sector was further bruised with unprecedented events like demonetisation and GST in FY17.
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Alibaba goes offline with $2.9 billion stake in China's top grocer
Mon, Nov 20, 2017
Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China`s top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail.
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'Fast fashion' segment revenues of Aditya Birla Fashion and Retail triples in Q1 with Forever 21
Thu, Jul 27, 2017
Aditya Birla Fashion and Retail has been trying to become India's largest fashion retailer for some time now. The company said acquisition of Forever 21 India's rights made a difference this quarter.
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Cigarette makers drop as GST Council hikes cess; ITC biggest loser
Tue, Jul 18, 2017
The Goods and Services Tax (GST) Council on Monday raised cess rates on cigarettes which will help the government earn Rs 5,000 crore more. Companies that make cigarettes dropped as investors rushed to sell shares.
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Reflect price revision post GST via stickers till September 30: Govt
Wed, Jul 05, 2017
The difference between the retail sale price originally printed on the package and the revised price "shall not, in any case, be higher than the extent of increase in tax" or in the case of imposition of fresh tax on account of the implementation of the GST, it said
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GST: Retailers Association of India demand tax free packaged foodgrains, simpler invoice formats
Wed, Jun 28, 2017
Retailers Association of India wrote letters to the government asking them to revise the rates on packaged foodgrains downward to be completely tax free. The retailers body has also asked for simplified invoicing formats and revision of delivery charges under GST.
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Nestle plans $20.8 billion share buyback amid Third Point pressure
Wed, Jun 28, 2017
Nestle plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company.
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Store rentals a major factor in pushing retailers towards e-commerce
Tue, Jun 27, 2017
'E-tail' is expected to pick up in India as the cost of renting places in Tier-I cities are expected to shoot up. It has become more economical for retailers to focus on e-tail rather than brick and mortar stores.
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