User: rohan Topic: Foreign Direct Investment in Retail
Category: Small Retailers
Last updated: Jan 20 2018 24:40 IST RSS 2.0
 
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Reliance Retail Q3 pre-tax profit soars 82% at Rs 6.06 billion 19.1.2018 Business Standard: News Now
Reliance Retail's revenue in the quarter under review jumped over two-fold at Rs 187.98 billion as against Rs 86.88 billion
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Reliance Retail Q3 pre-tax profit soars 82 pc at Rs 606 cr 19.1.2018 General News
Reliance Retail today reported a 81.98 per cent jump in its pre-tax profit at Rs 606 crore for the third quarter ended December 2017. The Reliance Industries' retail arm had reported a PBDIT (profit before depreciation and income tax) of Rs 333 crore in the same period previous fiscal, the company said in a regulatory filing. Reliance Retail's revenue in the quarter under review jumped over two-fold at Rs 18,798 crore as against Rs 8,688 crore in the year-ago period. The company said improvement in Kirana customer base, Kirana delivery process, value proposition and customer strategy has helped Reliance market deliver robust performance during the period. "The stores offered unmatched breadth of product range with deep localisation and higher premiumisation to address the needs of diverse customer base," it added. During the quarter, Reliance Retail added 72 stores across various store concepts and strengthened its distribution network for consumer electronics. As on ...
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AAP leaders say FDI in retail could lead to economic slavery; Delhi Assembly passes resolution against move 18.1.2018 Latest News India on Firstpost
The Delhi Assembly on Wednesday passed a resolution against FDI in retail with AAP legislators stressing that the move launched by the BJP-led central government would "break the back" of traders.
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Budget 2018: Retailers seek industry status, simple GST, better FDI norms 18.1.2018 Latest News
The industry is also seeking relaxed FDI regime for multi-brand retail trade as also incentives to be provided for setting up warehousing and cold-chain storage facilities
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Resolution against FDI in retail passed 18.1.2018 Hindu: News
‘Will ultimately lead to economic slavery of the country’
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In online push, Patanjali starts e-commerce portal, ties up with Amazon, Fl... 17.1.2018 DNA: Bangalore
In online push, Patanjali starts e-commerce portal, ties up with Amazon, Fl...
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Patanjali goes online, aims over Rs 1,000 crore sales in 2018 16.1.2018 General News
Baba Ramdev-led Patanjali Ayurved today announced its foray into e-commerce for its FMCG items, partnering major players in the space, including Amazon and Flipkart, and targeting over Rs 1,000 crore this year itself. The Haridwar-based company said it has partnered eight players, which also include Grofers, Shopclues, BigBasket, 1mg, Paytm Mall and Netmeds, through which its entire range of products would be available online. Besides, Patanjali said it will also expand into new product segments such as bottled water through brand 'Divya Jal' and apparels and footwear under the brand name 'Paridhan' this year. "Online mechanism aims to provide convenient and efficient options along with extension of traditional retail market", said Baba Ramdev. He further added: "We are targeting sales of over Rs 1,000 crore this year and would try to have more than that as we have just started now". The Haridwar-based company had started trial of online sales of its Swadeshi range of ...
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Reforms in retail sector may be need of the hour 14.1.2018 Deccan Herald - Monday
India has tweaked its foreign direct investment policy in single-brand retail trading (SBRT) by allowing foreign players to have 100% stake under the automatic route. Earlier too, we had opened the door for 100% FDI in SBRT, but a government approval was needed beyond 49%. So, what has substantially changed from then to now? Nothing in terms increasing or lowering stakes. It is only in terms of enhancing the ease of doing business that this part of policy change concerns itself. But much of the initial criticism has come only on this part. Political parties and trade organisations have been saying that multinationals will overpower small Indian retail, as if 100% entry of MNCs through the government route would not have overpowered them! Albeit, there is a second part of the new policy which was announced late last week. That is, the government has relaxed the local sourcing norms for the retail traders of single brand. A policy of 30% mandatory sourcing from local market, which was earlier in place. Now ...
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Why did Modi bring FDI in retail after opposing it in 2012, asks AAP 12.1.2018 All News-IANS Stories
The Aam Aadmi Party on Friday questioned why Prime Minister Narendra Modi was pushing for the Foreign Direct Investment after he had opposed the same regime as the Gujarat Chief Minister in 2012.
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Budget 2018: From FDI to unified market, challenges ahead for retail sector 12.1.2018 All Economy & Policy Stories
Indian retail industry is projected to grow at a promising CAGR of 10% to reach $1.1 trn by 2021
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As opposition BJP opposed 100% FDI in retail, says Yashwant Sinha 11.1.2018 DNA: Top News
 Veteran BJP leader Yashwant Sinha today termed the latest round of Foreign Direct Investment reforms as a deviation from the party's stand, and said 100% FDI in single-brand retail will hit small traders. Sinha, who has been critical of the Narendra Modi government for its handling of economy among other issues, was here to take part in a farmers' protest against an upcoming power project in Gadarwara town of Narsinghpur district. Talking to the reporters here, Sinha said, "As an opposition party, the BJP opposed 100% FDI in retail. But after coming to power, the union government headed by the BJP decided to implement it. This is not good for the country. 100% FDI in single-brand retail would create problems for small traders. He said the coming budget would be the last regular budget of the BJP-led government at the Centre but even after four budgets were passed nobody could predict the country's future. Sinha said the state of country's economy was a cause of major concern. he said. "We (government ...
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BJP faces opposition from allies on retail FDI move 11.1.2018 Hindu: News
New Delhi: A day after the Government allowed 100% Foreign Direct Investment (FDI) in Single Brand Retail Trade (SBRT) through automatic route, the ruling BJP-led NDA is facing opposition from within...
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FDI reforms against BJP line, says Yashwant Sinha 11.1.2018 General News
Veteran BJP leader Yashwant Sinha today termed the latest round of Foreign Direct Investment reforms as a deviation from the party's stand, and said 100 per cent FDI in single-brand retail will hit small traders. Sinha, who has been critical of the Narendra Modi government for its handling of economy among other issues, was here to take part in a farmers' protest against an upcoming power project in Gadarwara town of Narsinghpur district. Talking to the reporters here, Sinha said, "As an opposition party, the BJP opposed 100 per cent FDI in retail. But after coming to power, the union government headed by the BJP decided to implement it. This is not good for the country. 100 per cent FDI in single-brand retail would create problems for small traders. He said the coming budget would be the last regular budget of the BJP-led government at the Centre but even after four budgets were passed nobody could predict the country's future. Sinha said the state of country's economy
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Bengaluru's first iconicdepartment store Nilgiris to relocate 9.1.2018 deccanherald.com
The first Nilgiris supermarket, a well-known landmark on Brigade Road, will move out of the space it has occupied for over 80 years. The store will shift to the Monarch building on the opposite side of the road by the end of this month. Kumaravelu, director of Nineteen O Five Retail Pvt Ltd, who runs the store, said that the new owner of the building wanted to renovate it and asked them to vacate it. His grandfather, A Muthuswami Mudaliar had started Nilgiris in 1905 in Tamil Nadu. Later, the family shifted to Bengaluru, opening the first store on Brigade Road in 1939. Shifting out is going to be emotional for Kumaravelu, who spent a majority of his life in the store. "In the beginning, it was a small shop with a counter in front. We used to bake goods right here. My father used to say that sometimes we would sleep here but I dont remember this," Kumaravelu said. After he completed SSLC, he joined the family full-time in running the business. In the early 70s, a new building, where the store is located ...
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Mutual fund investments in sachets, anyone? 21.12.2017 DNA: Bangalore
Mutual fund investments in sachets, anyone?
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Retail Prices Go High 15.12.2017 Central Chronicle » Editorial
The retail prices in the country go high upto 4.88 per cent crossing the Reserve... more »
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Alibaba redraws retail fault lines with bricks-and-mortar push 8.12.2017 Sify Finance
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Traders feel neglected in election campaign 5.12.2017 DNA: Opinion
"Traders are only treated as a means to gather taxes. No one is willing to listen to our problems. Not a single political party is interested in us it seems," said Mahesh Vyas, a kirana store operator in Satellite area of the city. Vyas is not the only one. Bhaumik Dodiya, who runs a hardware shop says he is fed up of his business because of the uncertainties. Traders feel that inspite of contributing to the economy and job creation, they are not getting their pound of flesh when it comes to politics. Ëvery six months, there is some new dictate from the government. Rules are changed overnight. We don't know what is happening to the country,"said Bhaumik. There is a general sense of feeling that while Patidars, SC, ST, OBC, women are being wood by the political parties to garner votes, small traders are ignored despite the fact that they operate even in the remotest part of the country and in rural areas. "This is because traders as a professional community is not organised. They have to tackle their ...
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SLN Coffee launches Levista 4.12.2017 HBL: Home
Coffee producer and exporter from Coorg SLN Coffee Pvt Ltd entered the instant coffee market with its own brand Levista. Levista will be launched in Karnataka and Tamil Nadu, which are the major co...
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Mukesh plans another disruption, RIL to enter e-commerce 30.11.2017 Rediff: Business
Make no mistake, Reliance's entry into Indian e-commerce cannot be taken lightly. It is akin to a combine of AT & T and Wal-Mart challenging Amazon on its home turf, says Shailesh Dobhal.
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