Abu Dhabi-based sovereign wealth fund Mubadala Investment Co will invest Rs 6,247.5 crore to buy a 1.4 per cent stake in Reliance Industries Ltd's retail arm -- the billionaire Mukesh Ambani-led firm's third such deal in less than two days.
Taking advantage of the absence of Nestl's Maggi noodles, Patanjali launched its own atta noodles last month.
The 4G service may use Reliance Retail, with a surging customer base, as the launch pad
Fighting prejudice with prejudice, Ujda Chaman is too shallow to dwell compellingly into the frailties of the human mind, feels Sukanya Verma.
The world's largest retailer said that its goal in India is to establish a relationship with the small business community and helping them lower costs and increase profits.
Ramping up e-commerce operations and going beyond its current strongholds are key challenges for the grocery chain in its battle with Mukesh Ambani's retail behemoth.
The opposition to large retail shops seems to be growing, and broadening to take in domestic retail chains as well as the international giants that want to enter the Indian market.
'There is a need for stimulus, as India is essentially a consumption economy.'
'Khan Market is useful if not central to our existence,' says Kishore Singh.
One of the big advantages of using the card is 'the float' that is given to you by the banks
India's total online shopper base at 30 per cent of its internet population is low when compared with 78 per cent in China and 70-plus per cent in the US.
Kirana shops and greengrocers have found a new challenge to grapple with.
Kirana shops and greengrocers have found a new challenge to grapple with.
Reliance Retail on Monday ushered in a new retail culture in the national capital region by opening nine western-style food stores as it hopes to become the preferred supplier of push-cart vendors and kirana stores.
Reliance Retail will acquire the retail, wholesale, logistics and warehousing businesses of the Future Group. Future Group's financial and insurance businesses are not part of the deal.
Despite the missive on the impact of foreign retail on the small kirana shops in the country written by Congress President Sonia Gandhi to Prime Minister Manmohan Singh, everyone in the government knows that it was never to be taken seriously.
The state government will review the lockdown situation in Guwahati after seven days from the enforcement of the restrictions.
Have you switched to cloth bags and bio-degradable options?
'This is a negative campaign, of slurs and fears.' 'The BJP has no desire to fight a positive campaign as it did in 2014, on the issue of governance and achche din.' 'Where the BJP can use these tactics, it will,' says Aakar Patel.
Aseem Chhabra lists his favourite films from the recent Toronto International Film Festival.
'Make sure you provide enough support (income, nutrition, healthcare, and housing) to migrants stuck (and their households), so they are not compelled to seek work or migrate back.' 'Otherwise, the risk of contagion is extreme.'
Jio's global partnerships took shape this year when Jio Platforms, a 100 per cent subsidiary of Reliance Jio which has invested in various digital platforms, was able to woo a bevy of marquee investors: Facebook, Google, Qualcomm, Intel, and a numerous PE funds.
In order to determine whether this would be sound strategy for them, one needs to look at two issues: One, on the alliances being built globally between telcos, on one hand, and cloud service firms, on the other, especially with the advent of 5G; and two, how their business strategies in India will blend into with such a deal.
The Walmart chief stated that the values of the two companies were "very much aligned"
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
A single format and simpler, uniform rules would have kept the service going. In other parts of the world including in the US, managing demand and capacities along with ensuring preventive measures were an issue, but there was hardly any administrative hurdle anywhere.
Apart from digital advertising revenue, both companies want to reach out to the 'next billion' Indian customers. After all, around half of the 1.3 billion population is still not on the net and this represents a challenge as well as an opportunity.
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the New Year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world's wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach $1.3 trillion by 2025. It all started with Ambani's Reliance Industries agreeing in August to buy assets of the nation's second-largest retailer for Rs 24,713 crore, just a year after Bezos' Amazon purchased an indirect stake in the indebted Future Retail.
At present, other large players in the grocery and food retail space include Flipkart Supermart, Bigbasket, and Grofers.
Cash-and-carry stores try tricks, from playing Bollywood music to customising orders, to retain customers.
'The belief that FDI will shift from China appears to be a strategy of politicians to keep the media busy, chasing irrelevant news to ward off pressure and questions about the government's plans to deal with COVID,' observes Debashis Basu.
Through increase in import duty, the government aims to help domestic oilseed crushers and edible oil producers who suffered badly last year due to cheap imports
Sunshine Schools are looking to attract interest from members of the urban 'aspirational' class -- vegetable vendors, security guards, drivers, etc -- who cannot afford the fees charged by budget private schools.
At Delhi's markets, cardamom, pepper selling at double their recent rates
PhonePe wants to dethrone its Alibaba and SoftBank-backed rival, Paytm, claiming that additional capital that Walmart will bring to the table will help it grow much faster
