News for 'Retailers Association of India'

No, Friends is Not The Best Sitcom Ever!

No, Friends is Not The Best Sitcom Ever!

Rediff.com14 Jul 2023

'The pride of the devoted Seinfeld fan is that he happens to love a show that doesn't take his love for granted, so that even on repeat viewings he is never really sure what directions an episode might take,' observes Sreehari Nair.

It's boom time for research analysts amid market rally

It's boom time for research analysts amid market rally

Rediff.com22 Sep 2021

The rally in the broader markets, a spate of new listings, and the influx of retail investors have resulted in a boom for research and this has spurred a surge in the number of entities providing such services. From 467 entities that provided research services as of March 2018, the number jumped 57 per cent to 733 as of March 2021. And, another 46 entities have been added to the list in the six months since, to take the total number of registered research analysts to 779 as on September 13. However, the total number of analysts could be a multiple of this number.

Future-RIL deal: HC junks FRL plea, seeks Amazon's response

Future-RIL deal: HC junks FRL plea, seeks Amazon's response

Rediff.com29 Oct 2021

The Delhi high court on Friday declined Future Group's plea for stay on an arbitration tribunal order refusing to interfere with the Emergency Award (EA) which restrained it from going ahead with the Rs 24,731 crore merger deal with Reliance Retail. Justice Suresh Kumar Kait sought response from US-based e-commerce giant Amazon which had challenged the merger before the Singapore arbitration tribunal under SIAC, and listed the appeals by Future Coupons Pvt Ltd (FCPL) and Future Retail Ltd (FRL) for further hearing on January 4. Senior counsel Harish Salve, appearing for FRL, urged the court to pass an interim order clarifying that an earlier order passed by the Supreme Court - which stayed all proceedings in relation to the enforcement of the EA - would remain in force despite the subsequent order passed by the duly constituted arbitration tribunal.

Nashik: 20 electric scooters of Jitendra EV loaded in container catch fire

Nashik: 20 electric scooters of Jitendra EV loaded in container catch fire

Rediff.com12 Apr 2022

In light of the recent incidents involving scooters from prominent electric mobility brands bursting into flames, the subject of electric vehicle (EV) safety has come under the spotlight. As many as 20 electric scooters of Nashik-based Jitendra EV Tech caught fire after being loaded on a transport container. While no one has been reported injured, the company said it is conducting an investigation to find the 'root cause' of the fire.

Amazon, Flipkart HQs get battle-ready: Draw up sales strategy in war rooms

Amazon, Flipkart HQs get battle-ready: Draw up sales strategy in war rooms

Rediff.com23 Sep 2022

E-commerce companies managed to beat the odds by adopting a flexible approach in terms of transforming their business models and leveraging emerging technologies. They had to constantly align their objectives with evolving customer needs. With companies hiring thousands of temporary workers, expanding to smaller cities, and launching new products, e-commerce giants gird up to celebrate the peak festival season without Covid restrictions after a three-year time-out.

Safety, hygiene on mind, India Inc reopens with caution

Safety, hygiene on mind, India Inc reopens with caution

Rediff.com12 May 2020

Top companies across sectors -- automobile maker Maruti Suzuki, consumer electronics giant Samsung to IT giant Infosys -- have reopened factories and offices as India took its first steps towards resuming economic activity after weeks under a near-total coronavirus lockdown.

Air travel will cost more in India. Here's why

Air travel will cost more in India. Here's why

Rediff.com21 Jan 2020

A loss of revenue from liquor sales will have to be compensated through increased landing and parking charges on airlines, which, in turn, will pass on the cost to flyers.

Asean bloc invites India for RCEP dialogue in Bali next month

Asean bloc invites India for RCEP dialogue in Bali next month

Rediff.com22 Jan 2020

The Asean secretariat hopes the meet may be able to iron out existing wrinkles raised by India. Since there had been no significant progress on the matter over the past two years on most issues, New Delhi is yet to decide on the invite.

'Kohli has phenomenal connect with youth'

'Kohli has phenomenal connect with youth'

Rediff.com10 Apr 2021

'RCB is a natural choice for us, mainly due to our long-standing association with Virat Kohli.'

At $14 billion, venture capital fund exits soared 10x in 2021

At $14 billion, venture capital fund exits soared 10x in 2021

Rediff.com6 Apr 2022

Three marquee exits accounted for nearly 60 per cent of the total exit value -- BillDesk's acquisition by PayU for $4.7 billion, Paytm's $2.5 billion initial public offering (IPO), and Zomato's public market debut of $1.3 billion.

CavinKare to split business into four different streams

CavinKare to split business into four different streams

Rediff.com31 Aug 2021

In a first step towards succession plan, Chennai-based fast-moving consumer goods (FMCG) major CavinKare on Monday announced the restructuring of its businesses and also roped in the generation next giving charges of separate business verticals. Announcing the restructuring on Monday, CK Ranganathan, chairman and managing director of CavinKare indicated that the business will be split into mainly four different streams - FMCG, ecommerce, retail and research and development.

How street vendors make a living in India

How street vendors make a living in India

Rediff.com19 Sep 2012

India's streets are bustling with small vendors who make brisk business.

FPIs withdraw Rs 6,400 cr from equity markets

FPIs withdraw Rs 6,400 cr from equity markets

Rediff.com8 May 2022

Foreign investors have pulled over Rs 6,400 crore from the Indian equity market in the first four trading sessions of the ongoing month when the Reserve Bank of India (RBI) and US Federal Reserve raised interest rates. Given the headwinds in terms of elevated crude prices, inflation, tight monetary policy among others, FPIs' flows in India are expected to remain volatile in the near term, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities, said. Foreign Portfolio Investors (FPIs) remained net sellers for seven months to April 2022, withdrawing a massive amount of over Rs 1.65 lakh crore from equities. This was largely on the back of anticipation of a rate hike by the US Federal Reserve and due to the deteriorating geopolitical environment following Russia's invasion of Ukraine.

When a huge discount is not anti-competitive

When a huge discount is not anti-competitive

Rediff.com13 Oct 2014

Allegations of predatory pricing may not hold ground in the high-pitch turf battle for consumers' pocket between e-tail and retail.

WWE throws its weight behind India, its biggest global market

WWE throws its weight behind India, its biggest global market

Rediff.com2 Mar 2021

The WWE says that India is its biggest market globally in terms of television viewership -- around 350 million unique viewers annually -- social media engagement and YouTube consumption, even claiming that it is the second-most watched sport in the country behind cricket.

Chip shortage may spoil the party for carmakers this festive season

Chip shortage may spoil the party for carmakers this festive season

Rediff.com6 Sep 2021

For automakers, the festive season is about raking it in through ramped up sales and attractive consumer offers. However, despite the robust demand, what may spoil the party this year is a global shortage of semiconductors.

BPCL privatisation: How long will govt wait for the right suitor?

BPCL privatisation: How long will govt wait for the right suitor?

Rediff.com19 Jan 2022

In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.

NUE: 6 in fray for digital payments licence

NUE: 6 in fray for digital payments licence

Rediff.com10 Mar 2021

The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.

At 28L, average CTC at ISB up by 8%

At 28L, average CTC at ISB up by 8%

Rediff.com24 Mar 2021

Of the 1,145 offers made this year, consulting firms made up 34 per cent, followed by banking, financial services and insurance, pharma/healthcare, IT/ITeS and FMCG/retail.

April likely to be a washout for appliances as fresh Covid-19 curbs hit biz

April likely to be a washout for appliances as fresh Covid-19 curbs hit biz

Rediff.com22 Apr 2021

Maharashtra, which contributes between 12 and 15 per cent of appliances sales, announced lockdown-like curbs, meaning there will be no business for the second half of the month as well from the state.

Foreign e-com cos creating massive unemployment, alleges RIL

Foreign e-com cos creating massive unemployment, alleges RIL

Rediff.com23 Mar 2021

Capital dumping is being used by foreign e-commerce firms to subsidise and engage in predatory pricing, oil-to-telecom conglomerate Reliance Industries (RIL) has told the Associated Chambers of Commerce and Industry of India (Assocham) in an internal document. The document alleges that this is leading to massive unemployment and financial distress among small merchants and kirana stores. It consists of various recommendations and proposed changes that deal with Press Note 2 of 2018 (PN 2), which RIL wanted Assocham to present to the government, according to sources.

What made Ford pull the plug on its EV PLI?

What made Ford pull the plug on its EV PLI?

Rediff.com2 Jun 2022

Earlier in May, Ford India announced that it had dropped its plans to make electric vehicles (EVs) in India, which it intended to export, under the production-linked incentive scheme (PLI). Ford was among 20 companies that had signed a Champion OEM Incentive Scheme under the PLI project with the government in February this year. The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat. In September last year, the company had announced that it would exit the India market, which it had entered in 1995 through an on-again, off-again joint venture with Mahindra & Mahindra (they split in 1998, signed a JV in 2019 and split again in December 2020), retailing petrol and diesel brands such as the EcoSport, Figo, Aspire, and Endeavour.

Services sector expands at fastest pace in 10.5 years in Oct

Services sector expands at fastest pace in 10.5 years in Oct

Rediff.com3 Nov 2021

India's services sector activity expanded at the strongest pace in ten-and-a-half years in October, driven by a substantial upturn in business activity amid favourable demand conditions, a monthly survey said on Wednesday. Companies indicated that a notable pick-up in new business led to the fastest expansion in output in over a decade and as a result more jobs were created, even though business confidence remained subdued due to growing inflationary concerns. The seasonally adjusted India Services Business Activity Index rose from 55.2 in September to 58.4 in October, signalling the strongest rate of growth in ten-and-a-half years.

Chip shortage pulls down passenger vehicle sales in September

Chip shortage pulls down passenger vehicle sales in September

Rediff.com1 Oct 2021

The global semiconductor shortage hit passenger vehicle sales in September, with major manufacturers like Maruti Suzuki, Hyundai and Mahindra & Mahindra reporting a decline in sales on Friday. Kia India and Honda Cars also reported a dip in wholesales last month as compared with the year-ago period. Carmakers like Tata Motors, Toyota Kirloskar Motor, Nissan and Skoda, however, reported an increase in passenger vehicle dispatches last month despite supply chain issues.

Govt asks Apple to manufacture, export more from India

Govt asks Apple to manufacture, export more from India

Rediff.com16 Sep 2019

Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.

Maha curfew: 50% factories may remain shut for next fortnight

Maha curfew: 50% factories may remain shut for next fortnight

Rediff.com15 Apr 2021

According to the order, all factories producing essential goods and services will remain operational at full capacity.

Walmart's India dreams hit another roadblock

Walmart's India dreams hit another roadblock

Rediff.com4 Jun 2013

The move is likely to hit Bharti-Walmart, the 50:50 joint venture between the US' Walmart and Sunil Mittal-led Bharti Group that operates cash-and-carry outlets in India, the most.

Adani, GMR among 20 firms keen on rebuilding New Delhi railway station

Adani, GMR among 20 firms keen on rebuilding New Delhi railway station

Rediff.com23 Sep 2020

The Rail Land Development Authority has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub.

RBL's chief tries to allay concerns on bank's health

RBL's chief tries to allay concerns on bank's health

Rediff.com27 Dec 2021

RBL Bank's interim chief executive officer (CEO) and managing director (MD) Rajeev Ahuja on Sunday tried to allay concerns around the health of the bank. He said events during the weekend are not linked to RBL's asset quality. The bank said Vishwavir Ahuja, its managing director (MD) and chief executive officer (CEO), had on Saturday proceeded on leave with immediate effect on medical grounds.

Equity MFs inflow surges to Rs 25,000 cr in Dec

Equity MFs inflow surges to Rs 25,000 cr in Dec

Rediff.com10 Jan 2022

This was also the 10th consecutive monthly net inflow, data with Association of Mutual Funds in India (Amfi) showed on Monday. In comparison, equity mutual funds logged net inflow to the tune of Rs 11,615 crore in November, Rs 5,215 crore in October, Rs 8,677 crore in September and Rs 8,666 crore in August.

US trade bodies file lawsuit against Trump's visa rule

US trade bodies file lawsuit against Trump's visa rule

Rediff.com23 Jul 2020

The lawsuit seeks to overturn these sweeping and unlawful immigration restrictions that are an unequivocal not welcome sign to the engineers, executives, IT experts, doctors, nurses, and other critical workers who help drive the American economy.

US-China trade war a silver lining for India's garment exporters

US-China trade war a silver lining for India's garment exporters

Rediff.com9 Dec 2020

Exporters say their capacity utilisation has reached almost 70 per cent and that big firms have brought it up to as high as 85 per cent.

Equity MFs see outflow for 7th straight month in Jan

Equity MFs see outflow for 7th straight month in Jan

Rediff.com9 Feb 2021

Equity mutual funds witnessed an outflow of Rs 9,253 crore in January, making it the seventh consecutive monthly withdrawal, primarily due to profit booking and portfolio rebalancing amid markets touching new highs. The pace of outflows from equities has however slowed for the third month and Gautam Kalia, head - Investment Solutions, Sharekhan by BNP Paribas said that it will likely turn positive soon as investors get used to the new normal. In addition, investors pulled out Rs 33,409 crore from debt mutual funds last month after investing Rs 13,863 crore in December, data from the Association of Mutual Funds in India showed on Tuesday.

Tata, Reliance ready for mother of all battles

Tata, Reliance ready for mother of all battles

Rediff.com20 Jul 2021

'The competition between the two is definitely going to be of great interest to the Indian market.'

Despite chip shortage, automakers see robust sales

Despite chip shortage, automakers see robust sales

Rediff.com1 Jun 2022

Leading carmakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales.

Tussle between traders, FMCG firms worsens

Tussle between traders, FMCG firms worsens

Rediff.com8 Nov 2019

Companies whose products have not been picked up for distribution in Gujarat under a "non-cooperation movement" include Marico, Dabur, Emami, Britannia, Reckitt Benckiser, and Godrej Consumer Products.

Alibaba set to bring back the Walmart ghost

Alibaba set to bring back the Walmart ghost

Rediff.com11 Apr 2016

Traders were up in arms, fearing huge job loss if Walmart was to enter.

Gold is selling at a premium for the first time since Budget

Gold is selling at a premium for the first time since Budget

Rediff.com15 Nov 2019

The yellow metal now trades at a 0.5 per cent premium over its landed cost, compared to a 4 per cent discount in mid-September because jewellers have voluntarily withdrawn the display of cash price from their website.

'The more prudent thing would be to buy on dips'

'The more prudent thing would be to buy on dips'

Rediff.com14 Apr 2022

'The recent correction in indices has made the markets cheaper to invest for the long term.'

Major PSU banks to go live on account aggregator system by July-end

Major PSU banks to go live on account aggregator system by July-end

Rediff.com21 Jul 2022

After the finance minister directed public sector banks to join the account aggregator (AA) ecosystem, 5-6 major ones, including State Bank of India (SBI) and Bank of Baroda are expected to go live by July-end. Sahmati, an industry alliance for the AA ecosystem, has been working with PSU banks to get them onboarded for quite some time now. So far, Union Bank of India and Punjab National Bank (PNB) have gone live on the AA ecosystem. While Union Bank has been live for a while, PNB went live earlier this month.