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.
Global retail behemoths seem to have read the signals right.
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.
These risks are viewed as more acute in the online world.
Zomato has the potential to be an equally important milestone for Indian equity markets, notes Akash Prakash.
'The best way to make an impact in this market is by focusing on three things: Unmet customer need, unarticulated customer need, and emerging customer need,' Metro's Arvind Mediratta tells Sangeeta Tanwar and Alokananda Chakraborty.
Raamdeo Agrawal says, an investor should figure out if the company actually makes money or not, making an investment comes later.
Not just Tesco, Auchan, Walmart, even Biyani & Reliance keen on food FDI: Harsimrat Kaur Badal
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
'While dairy farmers are suffering from low prices, consumers are paying a high price for milk.'
A glance back at some of the important ups and down Indian Inc faced in 2018.
Turbocharged with technology is becoming the Holy Grail of retail.
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
Here's a quick guide to navigating and ordering from global websites.
The news that Welspun has run into trouble with one of its biggest US-based clients has stressed its suppliers and investors alike
'India is so poor that political parties will not be able to wipe out poverty from our country in another 100 years. I am of the opinion that development can come only through corporates.' 'Tomorrow, if Tata or Birla or Reliance takes up another 500 panchayats, it will boost the Indian economy also.' Sabu M Jacob, managing director of the Kitex group whose NGO Twenty20 has just won a panchayat election in Kerala, speaks to Shobha Warrier/Rediff.com
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The best way to put the economy back on track is to abolish income and corporate taxes, as this will not only raise confidence but also increase savings and boost growth, the Bharatiya Janata Party's Subramanian Swamy tells Faisal Kidwai.
'Competence, experience, matter, did you say?' 'No music was sweeter than the mash of xenophobia, jingoism, racism, misogyny.' 'And the master busker to play the tune was round the corner to capture an eager audience just in the nick of time.' Shreekant Sambrani on the Trump Triumph a week after his upset victory.
The following is the full text of US President Donald Trump's first address to a joint session of the Congress on February 28, as prepared for delivery and released by the White House press office.
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