Retail News

Wal-Mart case: 'Rules do not require Indian cos to disclose lobbying details'
PTI: New Delhi, Mar 11, 2013 at 1521 hrs ISTA panel, appointed by govt, is already looking into Wal-Mart's lobbying activities in the US.
IKEA turns global to local for India push
Reuters: Malmo, Sweden, Mar 07, 2013 at 0938 hrs ISTThe furniture giant thinks it has a bright future as it prepares to break into India and grows in China.
FDI in Retail: Delhi markets to be closed on Mar 7
PTI: New Delhi, Mar 05, 2013 at 2059 hrs ISTMarkets in Delhi will remain closed on March 7 in support of a rally the same day called against retail in FDI by traders associations.
Retail investors have been ignored
Rajiv Bajaj: Mar 01, 2013 at 0614 hrsThe Budget does nothing much to change the plight of the retail investor except allowing him to stagger his investments in RGESS over three years, and allowing even people with an annual income of R12 lakh to avail the tax deduction.
IKEA's FDI proposal sent to Cabinet for final approval: FinMin
PTI: New Delhi, Feb 27, 2013 at 2042 hrs ISTProposed foreign investment still requires clearance of CCEA: FinMin
Pantaloon Retail sales rise 17%
fe Bureau: Mumbai, Feb 27, 2013 at 0350 hrs ISTCompany’s sales grew 17% to R1,252.8 crore during the quarter, from a year ago.

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No proposal on FDI in multi-brand retail received so far
PTI: New Delhi, Feb 26, 2013 at 2134 hrs ISTThe government has permitted FDI up to 51 per cent in the multi-brand retail trading last year.
Sachin Tendulkar scores again, this time with Valuemart Retail
PTI: New Delhi, Feb 26, 2013 at 1719 hrs ISTBangalore-based Valuemart Retail today said it has signed up Sachin Tendulkar.
Retail sector can support existence of various formats:Experts
PTI: New Delhi, Feb 22, 2013 at 2220 hrs ISTRetail sector provides enough opportunity for supporting both absorption of new players as well as expansion of the existing ones.
SME sourcing clause in retail FDI could change
fe Bureau: New Delhi, Feb 22, 2013 at 0237 hrs IST'When it comes to the definition of SME, we need to have a relook.'
H&M (Hennes & Mauritz) plans to make India foray
Express news service: New Delhi, Feb 20, 2013 at 1210 hrs ISTThe world's second-largest clothing retailer, Hennes & Mauritz (H&M), plans to invest in single-brand retail stores in India, which is in the application stage at present.
CCEA likely to take up IKEA investment proposal soon: Anand Sharma
PTI: New Delhi, Feb 19, 2013 at 1310 hrs ISTThe Rs 10,500 crore investment proposal in India through IKEA's 100% owned subsidiary is for opening 25 retail stores.
Trent retail to buyout TVS Shriram Fund stake in Landmark
PTI: New Delhi, Feb 18, 2013 at 1948 hrs ISTLandmark, a Tata enterprise, is one of the country's largest book and music retailers.
Aditya Birla Nuvo Q3 net profit up 28 pc at Rs 323 cr
PTI: New Delhi, Feb 14, 2013 at 1627 hrs ISTConsolidated net sales of the company rose to Rs 6,234.74 crore in the third quarter.