When French Retailer Carrefour enters the Rs 1,200 crore (Rs 12 billion) cash and carry segment in 2009, it would face tough competition from established players such as Germany's Metro, Bharti-Wal Mart, Reliance, Pantaloon, Wadhawan Retail and others entrants like Tesco and Costco.
Riding high on the retail boom in India, Bharti Retail on Wednesday opened its first store in Ludhiana.Meanwhile, the Bharti-WalMart joint venture is likely to kick off its cash and carry (wholesale) business in the third quarter of this year.
The company feels that it has the first mover advantage and is now gearing up to face the competition by consolidating its presence through rapid expansion.
Pointing to the 'dangers' in the opening up of retail sector to multi-nationals and big Indian companies, traders in Kerala are gearing up to launch an agitation, if necessary an 'armed struggle,' to prevent their entry.
India's Sunil Mittal has been adjudged Asia's Businessman of the Year by prestigious US magazine Fortune for steering his telecom business in the world's fastest growing wireless market.
It is essentially a Christmas 'Made in India' that the western world is celebrating this year!
The way the story went, customers would get dramatically lower prices for everyday groceries (something that takes up 45 per cent of the household budget) and farmers would earn at least a third or more as big retailers began procuring from them directly. But none of this has really happened, and may not either.
A sector that was to have created millions of new jobs in the country is reporting job losses before it even gets under way.
As companies open the floodgates for corporate social responsibily projects, it means a new source of funds for many NGOs who are being hired to do the good things the companies want to show in their portfolios.
New Zealander Scott Styris ended up being sold for an embarrassingly cheap $175,000 in the IPL players' auction in Mumbai on Wednesday.
Despite the onslaught from big retail chains, small kirana shops could get a lifeline from the Indian Institute of Packaging.
The commerce and industry ministry has informed the Prime Minister's Office that the Bharti Group has conveyed to the government that its joint venture with Wal-Mart was in compliance with the existing FDI policy.
Bharti Enterprises, which has announced join ventures with US giant Wal-Mart for its retail foray, said that the rising real estate prices could hamper the growth of the organised retail industry in the country.
GE Money India said on Monday it is talking to big retailers including Bharti-Wal-Mart and Reliance for offering credit programmes such as the private label credit card it has provided to Tata Group.
Sunil Mittal, chairman & group managing director of the Bharti group, is Business Standard's CEO of the Year for 2005-06.
Reliance Retail, already creating ripples in the organised domestic retail market, is poised to acquire smaller rivals in order to take on serious competition from the likes of Bharti-Wal-Mart combine.
While Bharti's retail stores will be fully Indian, they will be able to take advantage of the tremendously low prices and technology advantages that Wal-Mart will bring to Mittal-Mart's sourcing.
Tesco has admitted that its plan to be the first multinational supermarket retailer in India has unravelled.
Professor of marketing at London Business School, Nirmalya Kumar knows marketing like the back of his hand and, therefore, made a scintillating presentation 'Winning at Retail' at Mumbai's the Taj Mahal Palace and Tower Hotel on Wednesday.
The winner of the quarter-final between Bhupathi-Mario Ancic and Paes-Aisam Qureshi, who were slated to meet Gremelmayr and compatriot Simon Greul, will receive a walkover into the final.
The company reportedly in talks with a dozen firms overseas for an acquisition.
Reliance Industries chairman Mukesh Ambani, equipped with a war chest of an estimated Rs 100,000 crore (Rs 1000 billion), is understood to be on a global hunt for acquiring a retail giant of the size of Wal-Mart or Tesco.
After having depended largely on direct online marketing since 1990s, Dell's personal computers are now on sale in Wal-Mart stores in the US and Puerto Rico.
Bharti Group, which has joined hands with industry leader Wal-Mart for a foray into
Steve & Barry's, one of the fastest-growing retail chains in the US, is planning to set up shops in India and China.
Acknowledging the killing of its leader Mullah Akhtar Mansour, the Afghan Taliban have announced Mawlawi Haibatullah Akhundzada as his successor.
Amid the noise around multinational retail chains queuing up to enter India comes a calming revelation. According to management consultancy firm A T Kearney, not all retail biggies continue in the new markets that they enter.
The investments include the supply chain, but exclude real estate component.
The New Year could well end up being the year of organised retailers.
With the first Dell personal computers going on sale in Wal-Mart Stores in the US and Puerto Rico, the $56 billion company is reportedly planning to sell its PCs through retail stores in Asia (including India) and Australia.
At a skunk works in Seattle, Boeing engineers look to Wal-Mart, Disney and Starbucks for ideas.
The US retailer hopes to triple its sourcing from India by 2010 and touch the $1 billion mark. The retailer has been running a sourcing operation, Target Sourcing Services/AMC, in India since 1975.
Our focus is on the best price, the best experience and the best quality.
Improved investment climate and a more liberal foreign direct investment regime have made India the top destination for global retail giants like Wal-Mart, Benetton and Tesco
India could allow global online retailers such as Amazon.com Inc to sell their own products as early as next month, removing restrictions that could boost competition in one of the world's biggest, and most price-sensitive, retail markets.
With more than 60 per cent of the country's 109 crore population concentrated in rural areas, companies do not want to miss the growing business opportunity.
Domestic IT services company Paradyne Infotech is in the final stages of acquiring a US-based software services company with a turnover of around $10 million in the last financial year, a source said.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances