Retail chain Shoppers' Stop Ltd is planning to open 11 more stores in Bangalore, Mumbai, Delhi, Pune, Noida and Hyderabad in the next 24 months.
In a break from the recent trend, retailers, led by Kishore Biyani's Pantaloon Retail (India) Ltd, Raheja-owned Shoppers Stop Ltd and the Lalbhai Group's Arvind Ltd, are experiencing strong growth in the fashion segment, thanks to positive consumer sentiments during the current festive season.
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While the investment amount could not be immediately ascertained, a report pegged it at about $2 billion.
In comparison, Flipkart India, the marketplace unit of the country's largest e-commerce marketplace, posted a 750% growth in losses to Rs 20.6 billion.
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 big boys of India's traditional retail have finally come together to fight the onslaught of their online counterparts.
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Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
EduBridge is emerging as a strong player in training unemployed youth.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.