The threat may be a decade away, but it has brick-and-mortar sellers rethinking their strategies and banking on the govt to regulate online companies.
Sellers, especially the smaller ones, are planning to go to court as well as move CCI as they fear that Walmart could bring multiple private labels in India and flood the e-commerce platform with its own products.
Reliance Retail has tied up with Microsoft to launch the concept of connected homes.
Still, the earliest India will get to experience Apple online will be early 2020 and the company's first fully-owned signature store should be up around 2022 -- almost two decades after it had opened its first store worldwide, writes Nivedita Mookerji.
The government on Friday proposed hiking the securities transaction tax on Futures & Options (F&O) contracts, a move that will increase the trading costs in the derivatives segment as well as help in curbing excessive trades. In the Finance Bill 2023, passed by the Lok Sabha on Friday, the Securities Transaction Tax (STT) on options is proposed to be increased to 0.0625 per cent from 0.05 per cent and on futures contracts to 0.0125 from 0.01 per cent. Analysts opined that higher STT will shore up the government's revenues to some extent and also discourage excessive trading since a large number of retail traders are losing money in the segment.
'Will make sure that we create value. We will again look for organic and inorganic opportunities.'
The tables have turned. Organised retail, which used to cite real estate as its first constraint, is being wooed by developers as there is a sudden surplus created by completion of pending projects and new construction. According to an industry analyst, the rental for a retailer used to constitute 4-5 per cent of its total revenue in the years 2001 and 2002, rising to 7-7.5 per cent in the later years. Industry analysts believe a retailer's profit would get eroded
The issue will carry a small price band to make it affordable to the retail investor. The company will issue 3,736.15 million shares.
Enthused by its success in retail, the Kishore Biyani-led $2 billion Future Group will soon foray into the logistics business, investing more than Rs 400 crore (Rs 4 billion) by 2010.
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin.
Retail chains may be struggling in the face of the economic slowdown, but Kishore Biyani's Future Group seems to be buoyant in the New Year, expecting to do well in the quarter ending March 2009.
The facility is now available at 258 Big Bazaar and fbb stores in over 115 cities and towns across the country
R C Agarwal, promoter of beleaguered Vishal Retail, on Wednesday came out in support of the offer from Texas Pacific Group (TPG) in preference to that from Kishore Biyani's Future Group.
Even as the traders and merchants in Kerala observed a hartal against the entry of multinationals in retail sector on Wednesday, pepper Futures market also witnessed major upheavals.
In Nov last year, L&T Finance Holdings had told BSE it was not eligible to be the sponsor of an insurance business, as it was a subsidiary of L&T under the Irda norms
Billionaire Mukesh Ambani's children -- Isha, Akash and Anant -- on Monday were appointed on the board of his energy-to-technology conglomerate Reliance Industries Ltd, in what is seen as a clear path of succession planning at India's most valuable company.
Kishore Biyani-promoted Future group's venture capital arm, Future Ventures, has revived its plans to hit the capital market and will be initiating listing formalities by filing a prospectus with market regulator Sebi on Wednesday.
Future Consumer Enterprise Ltd, the food and FMCG arm of Kishore Biyani-led Future Group, on Friday acquired south India-based convenience store chain Nilgiris for nearly Rs 300 crore (Rs 3 billion).
In a first, the Centre will start selling tomatoes at discounted rates in retail markets in the national capital and few other cities from Friday to provide relief to the consumers as the price of the kitchen staple is ruling high at over Rs 200 per kilogram in some parts of the country.
Per capita income in India is increasing, including in tier-II and tier-III cites. In these cities the competition is less, as are the rentals. It is very viable as a business proposition to open showrooms in these cites.
Local traders are evaluating other options rather in FDI.
Don't expect the synthetic stones to surpass natural ones anytime soon because the world's biggest miners of diamonds aren't looking to get into man-made diamonds.
Financial assets make a comeback as returns on physical assets falter.
'For experienced and risk-taking investors, now may be the time to go all in.' 'By 'experienced and risk-taking', I refer to those who remained net buyers in equities during the early stages of the 2020 pandemic.' 'On the other hand, those who exited the markets during the pandemic may go the SIP way.'
IndianOil would get into retail trade in a big way this year, leveraging on its nation-wide network of petrol stations, as it seeks to make non-fuel business a driver of growth, company officials said on Monday.
Online biggies and global retail giants are working on being omnipresent in both the virtual and the real world to see what helps them get the numbers, says Karan Choudhury.
'They have since only tried to improve systems. Also, with regulatory guidance from time to time, we are in a position to assess a situation and react in time.'
The company had reported a turnover of Rs 10,800 crore (Rs 108 billion) in the previous financial year.
Kishore Biyani, managing director, said the initial public offer would raise around Rs 2000 crore (Rs 2 billion), but refused to comment on the nature of the new company.
The big boys of India's traditional retail have finally come together to fight the onslaught of their online counterparts.
The announcement comes in the wake of the consolidation of Future-Axiom's other mobile brands under the brand name 'One Mobile'. The company plans to open 1,500 stores and touch points in the country by December 2009, giving it a reach in 58 cities.
India's retail giants, including Kishore Biyani's Future Group, Mukesh Ambani's Reliance Retail and Sunil Mittal-promoted Bharti group, have started negotiations with the railways for leasing land for retail development.
India is one of the top investment destinations in Asia for retail and consumer sector, which is expected to witness rapid growth, aided by its IT capabilities, global consultant PricewaterhouseCoopers said on Thursday.
Retailers such as Future Axiom and Vmart have decided to consolidate their business by reaching out to unexplored markets outside major cities, believing them to have been relatively unaffected by the downturn. Future Axiom's mobile bazaar CEO, Ashy Sehgal said, "Instead of spending heavily on attracting more customers in overreached metropolitan markets, we can target the unheeded customer waiting for us in smaller cities."
Nikhil Anand, senior vice president, operations, at NLB Services explains why professionals who are adept at data, cloud computing and cybersecurity will earn well in 2024.
While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission. His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm.
Tier-II cities are all set to witness good retail growth in near future.
Festive season is the mainstay of most brick and mortar retail chains.
RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed.
