Last year, the trade could not take place, for the first time since 1992, due to protests in Tibet in the wake of the Beijing Olympics. This year China has not given its permission so far heightening suspense over resumption of the trade at Taklakot mart in Tibet.
Ajit Balakrishnan offers a thinking man's guide to the state of ecom in a nation of shopkeepers.
'Unlike Big Bazaar, where the promoter calls the shot, in ABRL, professionals take decisions. So, every new CEO leads to a change in strategy, which confuses vendors and the team.'
A total of 25 companies raised Rs 28,220 crore during the financial year.
Miscreants had also set fire to a police outpost.
In the main list, Wal-Mart (revenue of $378.8 billion) is followed by energy giant ExxonMobil (372.8 billion dollars), which had topped the retail major from its top slot in 2006.Others in top 10 include Chevron, GM, ConocoPhillips, GE, Ford, Citigroup, Bank of America and AT&T.
Gautam Adani, who is diversifying into many businesses, saw a 48 per cent rise in his wealth to Rs 1.40 lakh crore and moved up two places in rankings to being the fourth richest Indian. Hinduja Brothers and HCL's Shiv Nadar were ranked 2nd and 3rd. Wipro's Azim Premji slipped two places to fifth place.
Information technology and IT-enabled Services will continue to drive the employment generation in the country for the quarter July-September 2005, according to a Ma Foi Employment Survey.
Consultants who help lease these properties say this is the steepest decline at least in a decade.
Norway nabbed the first gold medal of the Winter Games on Saturday
Capital dumping is being used by foreign e-commerce firms to subsidise and engage in predatory pricing, oil-to-telecom conglomerate Reliance Industries (RIL) has told the Associated Chambers of Commerce and Industry of India (Assocham) in an internal document. The document alleges that this is leading to massive unemployment and financial distress among small merchants and kirana stores. It consists of various recommendations and proposed changes that deal with Press Note 2 of 2018 (PN 2), which RIL wanted Assocham to present to the government, according to sources.
7-Eleven convenience stores across the US have been converted to Kwik-E-Marts, to promote the upcoming Simpsons movie.
Despite a massive underperformance at the bourses since the last six months, analysts are turning optimistic on Reliance Industries (RIL). Those at Jefferies, for instance, say that the company is a proxy play for India's consumption growth story. The key catalysts for the stock, according to a Jeffries note, include faster-than-expected market share gain in retail, oil-to-chemicals (O2C) stake sale, recovery in gross refining margins (GRM), potential public listing of Jio and even a possible banking licence going ahead. That apart, analysts feel any tariff hike in Reliance Jio (RJio) - its telecom venture - will also aid performance. With balance sheet adequately de-levered, proceeds from a strategic stake sale in the O2C business will create a sizeable war chest for the company, analysts say.
The extraordinary spurt in two-wheeler sales over the last year and a half seems to have set tyre companies rolling. JK Tyre, like Apollo and Ceat, is entering the two and three-wheeler tyre market.
Reader Vinod Kumar sent us this picture from Chennai.
Cross-country skier Johaug to call time on Olympic career after Sunday's 30km.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The Modi mask is one item in the publicity materials market that is selling briskly this year. The mask has Modi smiling enigmatically, his close-cropped grey beard and trademark spectacles in place.
Tata Motors inked an investment agreement to acquire Daewoo Commercial Vehicle. The acquisition marks the beginning of Tata Motors global expansion trail and is expected to help the company make a headway in a number of other markets.
Bharti Retail, a subsidiary of the Delhi-based Mittal group, has tied up with Wal-Mart
This segment had an estimated market size of Rs 7,080 crore (Rs 70.80 billion) at the end of 2006-07 and is expected to grow at an average rate of 30 per cent in 2007-08. Among the various businesses, online travel segment leads the pack. It is expected to grow at the rate of 30 per cent and reach Rs 7,000 crore (Rs 70 billion) by the end of 2007-08.
Reliance Industries Ltd's focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and reduces investor worry, brokerages said. RIL chairman Mukesh Ambani at the company's 'Green AGM' on Thursday committed Rs 75,000 crore over the next three years to set up an integrated Green Energy Giga Complex across 5,000 acres in Jamnagar, Gujarat which will contain four giga factories. The complex, which would be one of the world's largest renewable manufacturing facilities, would have an integrated solar photovoltaic module factory, an energy storage battery factory, electrolyser manufacturing for hydrogen production, and manufacturing of fuel cells so that hydrogen can be used in transportation.
Bharti Enterprises will kick off its retail venture early next year, opening half-a-dozen stores -- branding of which is still being worked out with its back-end partner Wal-Mart.
An emergency arbitration hearing between Amazon and retail conglomerate Future Group took place last week and a verdict is expected in the next few days, according to sources.
The United States-based insurance major Metropolitan Life Insurance Company on Friday said it aimed to make India its second largest market for insurance products after the United States by 2010.
Here's a review of ten business innovations, digital media products, and trends from 2006.
Having made public its tie-up for a retail venture, the Bharti-Wal-Mart combine is roping in leading realty majors like DLF, Emaar MGF, and Ansals for handling the massive real estate requirements of the project.
A 24-year-old Norwegian woman, sentenced to prison after reporting that she was raped in Dubai, on Monday said that she had been given a pardon by the emirate's ruler.
Categories such as lifestyle, food and electronics accounted for over 1,350 sellers across the country last year.
Reliance, Bharti's response to Ahmedabad's space crunch.
In its draft guidelines issued on Wednesday, the Reserve Bank of India has allowed banks and primary dealers to act as market makers of credit default swaps.
Zeev Leshem, Chief Operating Officer, Fortune online lottery, says the Indian online lottery market is big enough to accommodate at least five operators.\n\n\n\n
