Global sales made via mobile devices are expected to top $638 billion.
Asking the government to tweak FDI norms in multi-brand segment, retailers said sourcing rules must be made similar to that of single brand while demanding foreign firms be allowed to put only 50 per cent of first tranche of investment in back-end infrastructure.
The reason for Trent's success is rooted in its slow and steady approach to expansion. Unlike others, Trent, led by Noel Tata, ensured that each store was profitable before it went on to the next, says Raghavendra Kamath.
Founders should have faith in themselves, their vision and their team, feels Infosys founder Narayana Murthy.
The central government has said it will look into the matter.
