Retail News
New FDI rules a setback for foreign, local retailers
Reuters: Jun 07, 2013 at 1609 hrsNew rules requiring foreign supermarkets to set up their own warehouses and stores in India.
Barred by WalMart, Bangladesh suppliers feel left on the shelf
Reuters: Jun 07, 2013 at 1046 hrsThe reputational blow dealt to these businesses exposes a dilemma for multinationals.
Govt clarifies: Mandatory for multi-brand retail hopefuls to create greenfield back-end infra
ENS Economic Bureau: New Delhi, Jun 07, 2013 at 0117 hrs ISTThe retailers will be able to set up such infrastructure in even in the states.
Mukesh Ambani: Reliance Retail will grow 50% in coming years
Press Trust of India: Mumbai, Jun 06, 2013 at 1549 hrs ISTReliance Retail is eyeing a spike in annual revenues by achieving sales of Rs 50,000 cr.
1 lakh books sold on Flipkart in single day
Bangalore, Jun 05, 2013 at 1613 hrs ISTAuthors Chetan Bhagat, Amish Tripathi visit homes of customers and delivered books purchased on Flipkart.Retail space rentals: Connaught Place sees maximum 12% rise
Press Trust of India: New Delhi, May 22, 2013 at 0117 hrs ISTRetail space rentals in Delhi’s high street Connaught Place have appreciated by 12% — the most among the country’s top eight cities — during the January-March period over the previous quarter,
Global retailers can open warehouses in states opposing FDI
PTI: New Delhi, May 20, 2013 at 1425 hrs IST'No state will stop any foreign player to procure goods or do business with SMEs'
Panel probing Walmart lobbying submits report to govt
PTI: New Delhi, May 19, 2013 at 0017 hrs ISTCommittee looking into US giant Walmart's lobbying activities submitted its report to Sachin Pilot.Honda, Hennes & Mauritz approach Indian govt for opening single brand retail stores
Press Trust of India: May 16, 2013 at 1530 hrsHonda proposes to sell products like motor cycles, spare parts and accessories in their stores.
Govt clears IKEA's Rs 10,500 crore FDI proposal
PTI: New Delhi, May 02, 2013 at 2046 hrs ISTAside from furniture, IKEA has also been allowed to run cafes and restaurants within its stores.
Supreme Court clears hurdles for FDI in retail says, 'consumer is king'
PTI: New Delhi, May 01, 2013 at 2206 hrs ISTSupreme Court said policy does not suffer from any illegality requiring it to be quashed.'Enforcement Directorate probing any FEMA violation by Bharti-Walmart'
PTI: New Delhi, Apr 30, 2013 at 1912 hrs ISTViolation of foreign direct investment (FDI) regulations is covered under the penal provision of FEMA.
Walmart continues US lobbying on 'FDI in India'
PTI: Washington, Apr 23, 2013 at 1347 hrs ISTDuring the quarter, Walmart lobbied on close to 50 issues before various government departments.
Domino, Dunkin Donuts factory commissioned near Chandigarh
Charanjit Ahuja: Chandigarh, Apr 11, 2013 at 1554 hrs ISTOutlets at Ludhiana, Amritsar, Jalandhar soon
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