Metro Cash and Carry, a supply chain provider on Wednesday opened its third centre in India and the first in Andhra Pradesh.
James Scott, Metro Cash & Carry's regional operating officer (Asia) based in Singapore, virtually lives out of a suitcase. With the regional headquarters in Hong Kong and operations across China, India, Pakistan, and Vietnam, Scott travels through the week and gets back home only on weekends.
Metro Cash & Carry India plans to recruit about 325 people within a week to kick start its operations and commence pre-construction work at the southern end of the Eastern Metropolitan Bypass in Kolkata.
Though a decade of Big Bazaar and Spencers hasn't affected small shopkeepers, most are wary of FDI in retail distorting the market.
Germany's Metro Cash & Carry on Thursday said it will open 8-10 stores in the country annually in the next four years, with an investment of around Rs 2,400 crore (Rs 24 billion) on the stores.
German wholesale retailer, Metro Cash & Carry, is planning to open four new stores in India by the end of 2012, of which two would come up at Zirakpur in Punjab and Indore in Madhya Pradesh.
At least four to five privately placed infrastructure investment trusts (Invits) are expected to transition to public listings by the end of the 2026-27 financial year, significantly increasing the number of publicly traded Invits to 12-14, according to N S Venkatesh, CEO of the Bharat Invits Association (BIA).
RBI Governor Sanjay Malhotra stated that the central bank consistently views fintechs as 'valuable partners' in shaping India's future financial system, crediting the sector with expanding financial inclusion, enhancing customer experience, and streamlining credit delivery, particularly for MSMEs.
Left Front constituent Forward Bloc, which runs West Bengal's agriculture marketing board, and CPI-M leaders, on Sunday decided to renew Metro Cash & Carry's Agricultural Produce Marketing Committee licence on October 10. However, to protect small traders in the city, the State Agriculture Marketing Board will impose certain conditions on Metro, the modalities of which will be decided in the intervening period.
The company is facing resistance on renewal of its Agriculture Produce Market Committee license to buy farm produce directly from farmers for its Kolkata store. The ruling Left Front partner Forward Bloc is opposing its bid to renew the license as it is of the opinion that this would affect small traders.
Awarapan 2, featuring Emraan Hashmi, is set to release 19 years after its original, joining a growing trend of long-delayed Bollywood sequels attempting to capitalise on nostalgia and past successes like Gadar 2 and Border 2, but not all such reboots guarantee box office triumph.
German retail giant Metro Cash & Carry and India's emerging retail venture Reliance Retail have roped in the property services group of ICICI Bank for identifying retail properties for its proposed pan India expansion.
Taxpayers must provide more details to support deduction and exemption claims.
The National Payments Corporation of India (NPCI) is set to consider linking the ATM interchange fee to the Wholesale Price Index (WPI), alongside a potential hike from the current 19 to 21-22, which could impact customer charges for transactions beyond the free limit.
Taxpayers should reconcile returns with AIS, Form 26AS and maintain all supporting records.
Delhi Police have attached assets worth approximately Rs 40 lakh, believed to have been acquired from the proceeds of a daylight robbery. Two men have been arrested and four juveniles apprehended in connection with the case.
Delhi Police arrested three individuals, including the complainant's brother-in-law, for allegedly planning and executing a knife-point robbery in outer north Delhi. The robbers were dismayed to find the stolen bag was empty.
Delhi Police have arrested three men for allegedly robbing a transport company employee of Rs 23 lakh at gunpoint near Shastri Nagar Metro station. The robbery was executed based on an insider tip-off, and a significant portion of the stolen cash has been recovered.
Despite reporting a weaker-than-expected net loss of Rs 2,536 crore for Q4FY26, largely due to a significant non-cash forex loss, analysts remain optimistic about IndiGo's long-term prospects, citing strong demand trends, a favourable pricing outlook, and strategic cost-control measures.
Delhi Police have arrested two men for allegedly carrying out a daylight armed robbery of over Rs 10.65 lakh in Shastri Nagar. The suspects, an uncle and nephew, were apprehended after a four-day manhunt and confessed to the crime.
A viral Rs 2.5 lakh school trip to Japan has exposed the soaring, extraneous costs of modern Indian education. From textbook monopolies to elite excursions, these hidden fees create intense classroom peer pressure even as parents face a financial spiral. We ask you, Dear Reader, to share your experience with us.
Mixed-use real estate projects, integrating residential, commercial, retail, and hospitality segments, are gaining significant traction in India as developers seek to maximise returns, optimise land use, and diversify cash flows, with experts predicting 35-40% of urban real estate supply will be mixed-use by 2030.
Non-metro cities drove this year's online Diwali shopping boom, accounting for nearly three-quarters of total e-commerce volume, with tier 3 cities contributing over 50 per cent, according to industry data. As per the industry data analysis of over 4.25 crore shipments by logistics intelligence platform ClickPost, these regions now represent the fastest and largest drivers of festive e-commerce, solidifying non-metro India's role as the epicentre of order volumes and growth.
PhonePe has launched the 'RuPay On-The-Go' Card, a National Common Mobility Card (NCMC) aimed at digitising transit payments across India. The card enables quick, tap-and-pay transactions on NCMC-enabled services like metros, buses, and trains, even without internet connectivity.
Indian hotel companies are experiencing a sharp correction in share prices due to the Iran war and broader geopolitical tensions, leading analysts to cut operating profit expectations and valuations, despite structurally positive medium-term prospects.
MMOPL has already taken a decision to extend the fare slab of Rs 10 to Rs 40.
Three business houses are likely to be in the final race to strike a deal with Germany's Metro AG for investing in its India unit -- Metro Cash & Carry. Industry sources in the know named Reliance, Adani Group, and Thailand's conglomerate Charoen Pokphand (CP) as potential frontrunners to acquire a partial or full stake in the Gurugram-headquartered Metro Cash & Carry, which has 31 stores and 5,000 direct employees. Around 20 companies, including strategic and private equity investors, were approached by the German chain, inviting them to bid for the Indian wholesale business, according to a source aware of the M&A developments.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The Competition Commission of India (CCI) on Tuesday said it has approved Reliance Retail Venture's acquisition of German firm Metro AG's wholesale operations in India. Reliance Retail Ventures Ltd (RRVL) is a subsidiary of Reliance Industries Ltd (RIL) while Metro Cash & Carry India is engaged in the wholesale operations in India. In December last year, it was announced that RRVL had signed definitive agreements to acquire a 100 per cent equity stake in the company for a total cash consideration of Rs 2,850 crore.
Automobile retail sales rose nearly 18 per cent year-on-year to over 27 lakh units in January, led by continued post-GST momentum, healthy rural cash flows on the back of harvest and weddings, and sustained demand visibility across freight, dealer's body FADA said on Tuesday.
Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India's mammoth retail sector. "Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, signed definitive agreements to acquire a 100 per cent equity stake in Metro Cash & Carry India for a total cash consideration of Rs 2,850 crore, subject to closing adjustments," said a joint statement. Through this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network.
Eternal, the parent company of Zomato and Blinkit, on Wednesday reported a 72.8 per cent jump in its net profit for the third quarter of financial year 2026 (Q3FY26), on the back of a robust momentum in its quick commerce business. The firm's net profit rose to Rs 102 crore in Q3FY26 against Rs 59 crore it reported during the same period a year ago.
Doctors arrested in connection with the Red Fort blast allegedly raised over Rs 26 lakh to procure materials used in the explosion. The funds were used to purchase large quantities of fertilizer, a key component in Improvised Explosive Devices (IEDs).
India's live events scene is hitting a high note. With global performers adding the country to their tour maps and the government aiming to double the concert economy, hotels in key metro cities are bracing for sold-out weekends. Travel operators, too, are curating packages built entirely around concerts.
Travellers are turning concerts into full-fledged weekend getaways, giving rise to the 'gigcation' -- a short, experience-led micro-holiday.
Guardians continue to have full oversight of teen trips and activity on the app.
Intelligence agencies on Thursday revealed a larger terror conspiracy linked to the deadly more vehicles with explosives to carry out coordinated attacks across multiple locations.
A car dealer from Faridabad has been detained in connection with the Red Fort blast case. Delhi Police has directed second-hand car dealers to verify and share details of recent vehicle sales.
