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India's retail trade lost business worth Rs 9 lakh cr in last 60 days: CAIT
Mon, May 25, 2020
The country's retail trade lost business worth Rs 9 lakh crore in the last 60 days, mainly due to the nationwide lockdown to contain coronavirus pandemic, trader's body CAIT said on Sunday
Govt's liquidity boosting steps to safeguard businesses, jobs: Retailers
Thu, May 14, 2020
Retailers on Wednesday said measures announced by Finance Minister Nirmala Sitharaman will bring back liquidity with businesses and provide a boost to the economy
Reliance Jio aims to sell 2cr JioPhones in UP in next 2 months
Thu, Feb 22, 2018
Mukesh Ambani at the UP government-sponsored event Investors' Summit , said that Reliance would make available two crores of JioPhones in Uttar Pradesh state in the next two months.
Walmart in talks to buy more than 40% of Flipkart: Sources
Fri, Feb 16, 2018
A deal with Walmart would give Flipkart much needed muscle in its fight against Amazon, which has committed to investing $5 billion in India as it expands aggressively, including into online grocery deliveries.
E-tailing industry sales slips in October to December period
Wed, Feb 07, 2018
E-tailing industry has been growing significantly. However, the last quarter of the 2017 calendar year shows sales were marginally down.
Online shoppers from Tier II, III cities grew three times faster than metros: Report
Wed, Jan 17, 2018
Growth in number of unique shoppers from 2016 to 2017 in Tier II+ cities registered an advance of 34%.
What India’s retail sector wants from Budget FY19
Wed, Jan 17, 2018
Along with affordability, retailers look forward to further relaxation to norms to help in ‘ease of doing business’.
Santa comes early to these retail malls, e-commerce sites; offers up to 90% off
Sun, Dec 24, 2017
India to enter top 10 global duty-free markets by 2025
Tue, Nov 21, 2017
The duty-free market in India has been estimated to grow the fastest over the next couple years and is estimated to break into the global duty-free market as well.
India’s brick and mortar retail to get a boost with 34 new malls by 2020
Mon, Oct 16, 2017
Restoring their faith in brick and mortar retail, analysts from consultancy firm have estimated 34 new malls entering eight cities in India in three years.
Avenue Supermarts Q2 net profit up 65.2% to Rs 191 crore
Sat, Oct 14, 2017
Avenue Supermarts, which owns and operates retail chain DMart reported a net profit for the July-September quarter of Rs 191 crore, registering a year-on-year increase of 65.2 per cent.
This Diwali offline smartphone sales hit as e-commerce sites dole out discounts
Wed, Oct 11, 2017
Festive season buzz has failed to light up sales revenues of offline retailers on the back of lower smartphone demands.
Matrimony.com shares fall at listing
Thu, Sep 21, 2017
The company has touched a 52-week high of Rs 1024 per piece and low of Rs 949.10 per piece on stock exchanges.
UK arbitration court to Bakshi: Sell CPRL stake to McDonald's
Thu, Sep 14, 2017
In its 2:1 majority award, the arbitration panel has asked Bakshi to transfer his 1,45,600 shares in the 50:50 joint venture Connaught Plaza Restaurant Ltd (CPRL) to McDonald's India at a fair valuation in accordance with their JV agreement, they said.
Big Bazaar "Maha Bachat" offer to end on August 16, this is what it is
Sun, Aug 13, 2017
Big Bazaar "Maha Bachat" sale opened on August 12 and five-day long sale will end on August 16. Customers will get discounts on various range of products like food, home appliances, personal care and fashion.
'Retailers, consumer goods cos may unlock $2.95 trillion in 10 years'
Fri, Aug 04, 2017
Retailers and consumer goods companies could unlock USD 2.95 trillion in value for the industry and consumers over the next decade by accelerating digital transformation, says a report by Accenture Strategy.
Avenue Supermarts shares touch 52-week high giving 222% return in four months
Mon, Jul 24, 2017
Avenue Supermarts, which owns DMart retail chain, posted a net profit of Rs 174.77 crore in Q1, a rise of 47.55% compared to Rs 118.44 crore in the corresponding period of the previous year.
After Amazon now Paytm Mall in talks to invest in BigBasket
Tue, Jul 11, 2017
McDonald's shuts 43 outlets in Delhi over licence expiry
Thu, Jun 29, 2017
In a setback to the US-based fast food chain McDonald's, 43 of the total 55 outlets in the national capital here have been shut on failure to renew eating house licences by its North and East India licencee Connaught Plaza Restaurants Pvt Ltd (CPRL).
Online retail revenues in India to grow to $60 billion in 2017: Report
Fri, Jun 16, 2017
Retailers today need to be omnipresent as a large portion of buyers today begin their journey in the buying process online and may end up buying offline or vice versa.