The expansion into smaller towns is coming at a time when the online retail space has not only seen consolidation but is actually looking to collaborate with physical stores. Abhineet Kumar reports.
Dealmakers and advisors feel investors are shifting their focus to Asia Pacific, especially India, owing to geopolitical instability driven by events such as Brexit and protectionist trade wars.
The draft favoured up to 49 per cent foreign equity in inventory model in the case of 100 per cent made in India products sold through Indian management-controlled platforms with resident Indian founders/promoters.
Yes Bank was the top gainer in the Sensex pack, surging 3.76 per cent, followed by SBI at 3.18 per cent.
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
With regard to his investment in Ola, Bansal said that on the one hand, the ride-hailing major had emerged as a global force in the mobility space and on the other it continued to build deeper for various needs of a billion Indians through its platform. This is the largest funding by an individual in the app cab.
Myntra CEO Ananth Narayanan, who was earlier against the merger of the two fashion e-tail companies, is learnt to be meeting each Jabong employee one-to-one.
Ola wants to be India's answer to Grab, which is into everything, starting from cab service and logistics to bike taxis and food and grocery delivery.
In a major policy reversal, the AAP government wrote to the Centre to withdraw approval given by previous Congress government for FDI in multi-brand retailing in Delhi, saying the entry of global chains such as Walmart and Tesco in India would result in large-scale job losses.
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Government seeks stakeholders' comments by Jan 30 on discussion paper.
Recent easing of restrictions does not address the pain in the sector.
Before leaving on a 10-day foreign visit starting Monday, Sharma said he would address concerns of foreign retail sector investors and ensure help in setting up stores.
India has emerged as a favoured location for captive technology units of Walmart, Lowes and Daimler.
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.
RIL is also more profitable than Tata Motors.
Nearly 150 companies visited the campus this year.
The idea that technology and startups with newer business models will not disrupt traditional businesses has been thrown out the window.
Dark pods are physical stores or warehouses which will be accessible only to Swiggy staff and which will host groceries, pharmacies, and cloud kitchens.
The firm would require it to more than triple its CAGR of revenue to 18.5% for the next decade from 6%
Flipkart Supermart is already live in Bengaluru, Chennai, Hyderabad and Delhi
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
Chidambaram expressed India's discomfort on the immigration issue
The US-based firm has marked down the value of Flipkart for the sixth time, the latest at a time when it has been struggling to raise funds at a valuation higher than or equal to $15.2 billion.
Amazon has committed over $5 billion to grow its business in India so far and says it will pump in more capital as and when needed, a big worry for rival Flipkart which has been struggling to raise funds over the past couple of months.
Big retailers are openly talking of plans to harness the power of big data, even reporting those in annual reports as part of a long-term strategy.
Not just Tesco, Auchan, Walmart, even Biyani & Reliance keen on food FDI: Harsimrat Kaur Badal
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
As many as seven retail shops on Lanka Road in Varanasi are owned and run by the extended family of the Kejriwals in the holy town.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
Thirteen people, including the owners of a garment manufacturing unit, were on Sunday charged with culpable homicide for the death of 112 people in Bangladesh's deadliest factory fire.
'Almost 75 per cent of our total sales come from the top 50 cities in India.'
"Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!" Trump said in a tweet.
The news that Welspun has run into trouble with one of its biggest US-based clients has stressed its suppliers and investors alike
There have been significant changes in Gujarat, says Uttam Ghosh, as he captures the state in his camera.
In a recent interview, Narendra Modi, set to take charge as prime minister in a few days, had said his government wouldn't roll back any policy in the sector.
Here's a quick guide to navigating and ordering from global websites.
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
India's growth presents a win-win partnership for the country and the US, and American companies have a great opportunity to contribute to that, Modi told the CEOs.
Deciding to focus on the cash-and-carry segment in India, retail giant Wal-Mart plans to open 50 wholesale stores in the next four to five years to expand its footprint in the country.
One of the key concerns for non-users of voice assistants is trust.
