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.
Aditya Birla Nuvo to buy controlling stake in Pantaloons Stores; Biyani gets Rs 1,600-cr boost; deal to create the country's largest fashion retailer.
The $24 billion diversified Aditya Birla Group on Friday announced its entry into domestic organised retail market with an investment of up to Rs 9,000 crore (Rs 90 billion) over three years to set up 1,000 supermarkets.
2025 marked a shift in investor preference when it comes to MF schemes.
Finance Minister Nirmala Sitharaman on Sunday announced an increase in the Securities Transaction Tax (STT) on Futures and Options trade with a view to discouraging small investors from speculative trading in derivatives, which led to a sharp decline in the stock market.
An interview with Andrew Denby, who took over as the CEO, Supermarkets, of the Aditya Birla Retail Ltd six months ago. Before joining the Aditya Birla group, he had worked for retail majors like Marks & Spencer, Dairy Farm, A S Watson, etc.
The Aditya Birla group's financial services firm, Birla Global, has seen some top level resignations.
'The outlook for the next Samvat is more constructive, as many of the earlier drags are gradually becoming supports.'
Making a grand entrance in a stylish car, Kapoor embraced the role of a groom, with models accompanying him as his groomsmen, perfectly capturing the essence of the theme.
As India's online population crosses 450 million, e-commerce ventures are trying to grab a pie of online sales estimated to hit $48 billion by 2020.
The strong domestic flow offset selling by foreign portfolio investors who pulled out $23.3 billion (Rs 2.03 trillion) from domestic equity markets in CY25.
Raheja-owned retailer Shoppers Stop has gone off the beaten track. At a time, when bigger players such as Pantaloon and Aditya Birla Retail are either shutting stores or looking at halting expansion to preserve cash and check losses, Shoppers Stop is moving ahead with its expansion plans.
Shree Cement may join race; units in 3 more African countries may be sold.
Big chains such as Star Bazaar, Future Group and D Mart have set up separate shelves to sell products of Patanjali.
Though private labels comprise 10 to 12 per cent of the overall FMCG volumes, analysts said they were recording double-digit growth annually and could pose problems for the big players in the near future.
our vision is to focus more on quality, providing more value for money, and a world class shopping experience for our customers.
It took the Aditya Birla group four years to make up its mind on entering the the burgeoning e-commerce market in the country.
Protests following the arrest of Maharashtra Navnirman Sena chief Raj Thackeray on Tuesday crippled retail businesses in and around Mumbai, the commercial capital of the country
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 big boys of India's traditional retail have finally come together to fight the onslaught of their online counterparts.
Bharti Retail will issue one equity share of Rs 2 each for every share of Rs 2 held in Future Retail
After Reliance Industries and the Aditya Birla Group, the Tata Group is poised to become the next big name to feast on the burgeoning food retail sector.
Another important early decision of Birla was to get into the wireless telephony business in association with AT&T and another revered Indian business house, the Tatas.
NBFCs with a proven track record, supported by the brand values of reputed corporate, can play a key role in bringing the benefits of banking and economy to the underserved and newer segments of India.
The New Year could well end up being the year of organised retailers.
Social media platform Meta has appointed Vikas Purohit as Director of Global Business Group in India to lead the strategy and delivery of the charter that is focused on the country's leading advertisers and agency partners, the company said on Monday. Purohit will report to Arun Srinivas, director and head of ads business for Meta in India, it said in a statement. "I am thrilled to welcome Vikas as he joins our team to shape the role that Meta platforms can play in enabling businesses, supporting India's economic growth, and building the digital advertising ecosystem of the country," Srinivas said.
The numbers in India may not be as big but the opportunity for serious growth is all there.
The retail industry witnessed robust top-line growth for the greater part of the previous financial year, but demand has started to show signs of fatigue seen in the January-March quarter (fourth quarter, or Q4) of 2022-23 (FY23), especially in the apparel and innerwear segments. Jewellery, however, has managed to hold on to demand in the quarter. "In the discretionary space, demand moderation in urban markets is expected to impact the quick-service restaurant and apparel categories the most, while paint, luggage, and jewellery should see resilient growth," Systematic Institutional Equities observed in its preview of the sector.
The sale of Nature's Basket, Godrej's chain of food stores in west India, is the second exit by a big group in a year in the category
Aditya Birla Retail set up seven years earlier, posted a 20% growth in sales over a year earlier for 2013-14.
Azim Premji's Rs 175-crore (Rs 1.75-billion) investment in Future Retail will help Kishore Biyani tide through crisis.
VCs have been especially bullish about India.
Notwithstanding the inflation pinch, analysts believe the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment and discretionary purchases bounce back from the Covid-19 pandemic. "The shift in consumer preference from the unorganised sector to the organised, coupled with uptick in domestic demand as people resume work from office, will cheer the Indian retail sector," says Nishit Master, portfolio manager, Axis Securities. Shopping malls are witnessing increased footfall in lower tier towns and standalone stores as consumption picks up and mobility improves.
Commerce and Industry Minister Anand Sharma on Wednesday appeared to share industry's concerns over naming Kumar Mangalam Birla in an FIR in coal scam case saying it was unfortunate and could raise questions over investor confidence in the country.
Street gave a thumbs down to Aditya Birla Fashion and Retail (ABFRL)-TCNS Clothing deal as analysts flagged near-term profitability risks for ABFRL with its latest acquisition. At the bourses, shares of the Aditya Birla group company tumbled 6.2 per cent in the intra-day trade, before settling 3.27 per cent lower at R 207.2. Those of TCNS, meanwhile, plunged 20 per cent to end at Rs 416.64.
The actor turned showstopper to promote Liva Crme, a new age fabric from Aditya Birla Group.
Analysts say large firms in these segments don't need loan recast due to the efficient manner in which many of them operate.
SBI was the top gainer after it reported lower-than-expected rise in bad loans
'A fair bit should be allocated towards fixed income.'
