With Big Bazaar Direct, the company franchisees will visit customers to take orders and the products would be delivered in three to seven days.
Investment by US PE firm KKR will add fire to Ambani's battle for dominance in the retail market that is also being eyed by Jeff Bezos' Amazon and Walmart's Flipkart.
Online play is a priority now -- so far unthinkable in a business that's all about a meaningful interface with kirana stores.
The future of India's bowling coach Joe Dawes and fielding consultant Trevor Penny will be decided at the all-important Working Committee meeting of the Board of Control for Cricket in India, in Chennai on September 26.
The current operating environment remains highly volatile and persistent inflation will likely impact demand across categories, Tata Consumer Products Ltd chairman N Chandrasekaran said on Monday. To navigate through these "short-term bumps" in this uncertain environment, the company will focus on strong execution, maintaining agility and nimbleness," he said while addressing shareholders at the annual general meeting (AGM). "Geo-Political tensions, supply chain challenges, and demand-supply mismatches in crude and several other commodities are driving persistent inflation, which will likely impact demand across categories.
Bale decided to end his playing career at the age of 33
The near term will be challenging, as most will struggle to adapt to the new regime.
'The focus is on to cultivate a culture of respect.'
Even as regulatory focus has zeroed in on foreign e-commerce giant Amazon, a domestic retail giant has been created almost below the radar in Reliance Retail (RR), one of the most crucial businesses for the group's future. From doorstep delivery of groceries, apparels to branded jewellery, medicines, toys, furniture to high street retailing, RR's presence in the world's fourth largest consumer market is just one part of the story.
The Reserve Bank will launch the first pilot for retail digital rupee in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, and later expand it to nine more cities in the initial phase. This follows a month after the RBI had started a pilot in the digital rupee - wholesale segment on November 1. The Reserve Bank announces the launch of the first pilot for retail digital rupee (e?-R) on December 1, 2022, the central bank said in a statement on Tuesday.
While festive season spends by consumers did contribute to the uptick seen in Q3, experts said greater aggression displayed by retailers to corner a larger share of the shopper's wallet also worked.
After a Kashmiri Pandit shopkeeper was shot at by terrorists in Shopian in Jammu and Kashmir on Monday, his family received immense support from his Muslim neighbours who not only rushed him to a hospital but camped at his house as well to ward off any further trouble.
Kolkata-based billionaire Sanjiv Goenka, who bought the Lucknow franchise for a whopping Rs 7,090 crore during the IPL bidding in Dubai on Monday, said the team's valuation 'would be a multiple of a few times' over the next 10 years.
From the stock perspective, though, even as all the 10 analysts polled by Bloomberg have a 'buy' recommendation on FRL, their target price of Rs 535 suggest most of the positives are already priced in.
Shashwat Goenka of the RP-Sanjiv Goenka group plans a high-decibel campaign around its young apparel brand 2Bme.
While Reliance has the clout to negotiate prices with suppliers for its e-commerce, not to forget the cost advantage of integrated warehouse and supply chains, Amazon and Walmart are no pushovers, they too have deep pockets.
With inauguration of Tumkur food park, he has ambitious plans in the segment.
'For all of us at Amazon, it is 'Bharat first'.' 'We are keeping the Indian customer at the centre of what we are doing.'
'There is a clear business impact. People are avoiding crowded places and gatherings across cities. This is hitting business, both at traditional and modern trade outlets, during the Holi season, which kicked off from Saturday,' says Praveen Khandelwal, general secretary, Confederation of All India Traders (CAIT).
Entirely new businesses have been built using data to disrupt traditional companies.
Apple's decision to launch the eSIM-only iPhone 14 series in the US has American buyers puzzled. Surprisingly, it stumped some Indian folks, too, despite the availability of a physical SIM slot in the India-centric iPhone 14 series. This is because a large number of Apple consumers in India get their iPhones at considerably cheaper rates from the US through visiting relatives, friends, family, et al. Their apprehensions are mostly about compatibility with Indian networks and eSIM availability in India.
It took the Aditya Birla group four years to make up its mind on entering the the burgeoning e-commerce market in the country.
Ola founder and chief executive officer (CEO) Bhavish Aggarwal will step back from day-to-day operations to focus more on engineering functions, team building, and products, apart from focusing on long-term strategic projects, such as two-wheelers, cars, and innovations in quick commerce and international expansion. "I'll be spending more time with all engineering functions, team building, and on products," said Aggarwal in an internal note, adding, "I'll also be increasing my focus on our longer-term strategic projects, including new two-wheeler products, our car project, innovations in quick commerce, electrifying ride-hailing, our cell research and development (R&D), international expansion, building our Pune technology (tech) centre, and Futurefoundry UK." To drive scale, speed, and quality, Aggarwal said he is expanding Ola Group's chief financial officer (CFO) G R Arun Kumar's role to help him steer 'day-to-day operations' across the group.
Reliance Industries on Friday reported a 41.5 per cent jump in its third quarter net profit as oil, retail and telecom businesses fired on all cylinders. Net profit of Rs 18,549 crore in October-December compared with Rs 13,101 crore a year back, the company said in a stock exchange filing. Income from operations rose to Rs 1.91 lakh crore from Rs 1.28 lakh crore.
The United States State Department said it is aware of these reports.
Footfall at malls are down 20-25 per cent in the past couple of years.
'We're seeing major Bollywood celebrities, fashion icons, and even movie studios all wanting to build Metaverse experiences'
Walmart, the world's largest retailer, is hoping to get more than 30,000 consumers through its e-commerce pilot project that will be launched in the first week of July.
The big boys of India's traditional retail have finally come together to fight the onslaught of their online counterparts.
Richest Indian Mukesh Ambani on Tuesday mentioned about leadership transition at his energy-to-retail conglomerate, saying he wants the process to be accelerated with seniors, including him, yielding to the younger generation. Ambani, 64, who has previously not spoken about succession plans at the country's most valuable company, said Reliance is "now in the process of effecting a momentous leadership transition." Ambani has three children -- twins Akash and Isha, and Anant.
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Dismisses speculation that he would launch a major e-commerce initiative soon.
Avenue Supermarts, which runs D-Mart, posted a 47 per cent jump in net profit in the March quarter and its revenue and operating profit went up 41 per cent. The company's chief executive and managing director, Neville Noronha, talks to Raghavendra Kamath about strategy.
The Indian Army on Wednesday issued an advisory asking its personnel not to consume Maggi noodles.
Patanjali Ayurved, founded in 2007 by yoga guru Ramdev, is targeting Rs 10,000-crore (Rs 100-billion) revenue in 2016-17
Retailers and mall developers have seen 35-50 per cent growth in the first two weeks of the end-season sale.
Taking control of manufacturing will help boost profits for the food business, but it could leave the group saddled with huge debt.
The group's much-touted acquisitions in recent years follow a series of disappointments in joint ventures.
Footfalls will invariably come down to a trickle even after lockdown restrictions go away, and the only way to prevent someone else from poaching your consumer is to go down to the consumer herself. Consumers will prefer products and services to be delivered to their doorstep, hygienically and safely.
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