From sugar to car servicing firms, many companies, including Big Bazaar, Croma, Mahindra First Choice and Kaya Skin Clinic are offering discounts in a bid to ride on the festive fervour.
Bharti Enterprises and US-based Wal-Mart Stores entered into a joint venture in August 2007 and started cash-and-carry stores named 'BestPrice Modern Wholesale' last year.
The fear of being boycotted by large US stores like WalMart, JC Penny and GAP has led Indian apparel exporters to formulate a code to eliminate child labour from Rs 46,000 crore (Rs 460 billion) garment export business.
Tourism secretary Sujit Banerjee said the government is going for single window clearance system for hotel industry and all formalities including the preparation of cabinet note for the proposal has been finalised.
Reliance Retail (RRL), a subsidiary of the Reliance Industries, is on an expansion mode with plans to add more stores in the southern states.
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
The government decision to cap sales by cash-and-carry players to their group front-end companies at 25 per cent of overall sales can force these wholesalers to reduce their investment plans by around Rs 800 crore (Rs 8 billion) in the immediate term, consultancy firm KPMG said.
Daimler would introduce lightweight trucks from Mitsubishi Fuso stable in the Indian market by 2010 as part of its expansion strategy in the country's auto mart.
With his last film, Lahore releasing on Friday, we remember the actor's most memorable performances.
All the principal markets, including the Bombay Stock Exchange, the National Stock Exchange, the foreign exchange, money, and commodities marts will remain closed on Thursday, on account of Maharashtra Day holiday.
Tesco, which has sought the government's permission to buy 50 per cent stake in Tatas-owned Trent Hypermarket Ltd, will have to invest atleast $55 million in creation of fresh back-end infrastructure.
Faced with stiff competition from rivals and in a hurry to draw footfalls, hypermarkets are indulging in intense price war.
Two Indian women including Savitri Jindal and Indu Jain have been named among the list of world's top billionaires compiled by the US magazine Forbes.
Thakur, 48, also set the tone for her high-profile poll battle in Bhopal againt Congress candidate Digvijay Singh, whom she accused of using words like 'Hindu' and 'saffron' terror.
Rustomjee Business School, promoted by realtor Boman Irani, stands tall on S V Road in Mumbai's Dahisar area. Just a year ago, it was the site of an equally impressive Mega Mart promoted by Vishal Retail.
A jury in Houston County, Alabama, recommended the death penalty for a second man in the murder of Prakash Shah at the Southeast Mini-Mart in Dothan, April 20, 2004.
Ten Indian companies, including Mukesh Ambani-led Reliance Industries and telecom major Bharti Airtel, are among the 500 top global companies for 2009
The incident took place in Vile Parle (West) area, where Mahadik is seen clearly on CCTV footage assaulting Chetan Geveriya (28), who works at Trupti Sweet and Farsan Mart on DJ Road, with a bamboo stick.
Indian retailers put cash & carry on backburner
Analysts said declining sales across the board from high end to low end stores points to the possibility of prolonged recession with consumers refraining from spending because of weakening job markets with hundreds of thousands losing jobs. Even those who have jobs are cutting down on spending because of fears of possible lay off as no one is sure how long the economic difficulties would last.
Retailers have learnt the costly lesson that stores must be opened where they can get a regular loyal customer base, and not necessarily in prominent locations which create hype and footfalls but no commensurate purchases.
Patanjali Ayurved, founded in 2007 by yoga guru Ramdev, is targeting Rs 10,000-crore (Rs 100-billion) revenue in 2016-17
A federal jury has found five people guilty of conspiring to obtain fraudulent work visas for nearly 90 Indian nationals in exchange for at least $20,000 per visa, the US Attorney's Office said.
While Wal-Mart is facing delay in the rollout of its retail plan, Carrefour SA, the world's second-largest retail chain, is still struggling to finalise its Indian partner even after six years of persistent search.
In this moment there has to be honest acknowledgement of how so many in our community willingly voted for another four years of Trump, based on the morally flimsiest of reasons, points out Suleman Din.
Players such as Kidaara, True North, and Multiples Alternate Asset Management move outside the confines of just being a family-style financial office and become a true PE heavyweight.
Argentine David Nalbandian and France's Jo-Wilfried Tsonga will battle it out for the last Masters Cup spot in the final of the Paris Masters after winning their semi-final matches on Saturday. Nalbandian battled for a 6-1, 5-7, 6-4 victory over Russian world number six Nikolay Davydenko, while local favourite Tsonga advanced with a 6-4, 6-3 defeat of James Blake. The result ended the American's hopes of qualifying for the season-ending tournament.
As an increase in FDI in retail is being opposed, local retailers have a thriving year.
Technology research in the country is the next big thing.
Speaking at Assocham's international retail summit, Rakesh Kacker, additional secretary in the Department of Consumer Affairs, said the government would take a decision at an "appropriate time". He did not specify the time-frame. The move has been in abeyance due to protests from across the political spectrum.
Former Australian cricketer Glenn McGrath signs copies of his autobiography Line and Strength at the Firle K-Mart in Adelaide, Australia on Thursday. McGrath's highly anticipated biography was released on August 1.
The company has a wide-ranging client base spanning across consumer durables to retail groups like ITC, UB Group and WalMart. It is also in the process of designing various white goods for its clients in the consumer durable industry.
At least 35 per cent, or $400 billion worth of goods, that are sourced from China could shift to countries such as India, Thailand, Vietnam among others over the next 10 years, according to a study by US-based retail and supply chain solutions firm DCB and Company. India is expected to take the lion's share of volume shift compared to its counterparts in the region, the study says, due to its IT prowess, infrastructure and agents network.
Car maker Ford plans to unveil a new concept vehicle at the upcoming Delhi Auto Expo as the company looks to tap growth in the compact car segment India.
Fitch, one of the largest design consultancies in the world that has designed stores of Wal-Mart, Target, Marks & Spencer, Best Buy and Tesco among others, is betting big on India's organised retail sector. Already in the country to serve clients such as Aditya Birla Retail, Reliance Retail, Tatas and so on, Fitch plans to treble the number of staff and open new offices in the country.
Claiming that the historic border trade at Nathu la has become a 'non-profitable' business for the Indian traders, a traders' body - the Indo-China Traders Association of Sikkim (ICTAS) has urged the Centre to expand the existing list of of items so that the annual trade could become a viable and profitable business.
"We are developing the cash and carry model with an overseas partner," Future Group's CEO Kishore Biyani told PTI here, without giving details.
According to data released by the Sikkim commerce and industries department in Gangtok, utensils including copper bowls fetched a revenue of Rs 900,000 for Indian traders during four months of trade at the Renquinggang mart. Other products like black tea, textiles, woollen shawls, canned food, vegetable oils and cigarettes were in demand from importers.
Metro Cash & Carry, the global German wholesale major, will invest about Euro 40-45 million for setting up two new marts in Kolkata and Mumbai, expected to become operational by the first quarter next year. It is also planning to enter Punjab.
In an interview with the Financial Times last week, Jos Luis Duran, Carrefour's chief executive, said he was poised to sign a retail joint venture in India.
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