User: rohan Topic: Foreign Direct Investment in Retail
Category: Small Retailers
Last updated: Apr 12 2018 21:08 IST RSS 2.0
 
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Reliance Jio, Sodexo come together for mobile wallet services 12.4.2018 All News-IANS Stories
Telecom major Reliance Jio and employee benefits provider Sodexo on Thursday announced a partnership in the mobile wallet segment.
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AMC not allowing us to work all week: GCCI 12.4.2018 DNA: Money
Civic officials are not allowing the shop keepers in the city to work all seven days in a week, Gujarat Chamber of Commerce and Industry (GCCI) has complained to the Ahmedabad Municipal Corporation (AMC) in a letter. Businessmen say that with retail trade getting organized, traditional Mom-and-Pop stores are facing a severe competition. While malls and supermarkets are allowed to remain open all the seven days of a week, shop keepers are not, which has deprived the shop keepers of a level playing field. In a press statement, GCCI said that Labour and Employment Department had amended the Shops and Establishment Act to allow shopkeepers to operate throughout the week. In spite of this, the officials of AMC are forcing the shopkeepers to shut their shop at least once a week. “Thus AMC is unnecessarily harsh on shop keepers by forcing them to shut their shops,” GCCI said in the statement. GCCI office-bearers said that forcible closure of shops is distorting the competition ecosystem. While organized retail ...
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Linking up small retailer shops left out by e-commerce 29.3.2018 Deccan Herald - News
Who says roadside Kirana shops are out of vogue in the e-commerce era? Disrupting the retail ecosystem, a Bengaluru-based startup has launched Digital Offline to connect hundreds of small shops seamlessly with suppliers using technology. In the process, an e-commerce fixation has been finally breached: English. Simply put, the startup, ShopX, employs a multi-lingual mobile app that allows small shop owners to buy goods from big brands and offer services to customers. Local pickup and delivery are part of this system. Besides Kannada and English, the app has its interface accessible through Tamil, Telugu, Hindi, Marathi and Gujarati. An estimated 6,000 retailers in Bengaluru and Karnataka are now part of this network. Among them are small 8x12 shops in Madiwala, Marathahalli, Chandapura, Kolar, Chikkaballapur, Gauribidanur and other places. A majority of these small-timers are not directly served by the big brands. "Only 6%-8% of these retailers are served by the brands. For instance, those on the citys ...
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Amazon sheds $53 billion in market value after report on Trump threat 28.3.2018 General News
(Reuters) - Amazon.com Inc shares fell as much as 7.4 percent on Wednesday, wiping about $53.6 billion from its market value after U.S. President Donald Trump reportedly indicated he wanted to rein in the U.S. technology and retail group.
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Slight increase in Haryana liquor quota 5.3.2018 All News-IANS Stories
The Excise Policy announced by the Haryana government on Monday marks a slight increase in quota of country liquor and IMFL.
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Retail outlook: Small is the next big thing 4.3.2018 DNA: Bangalore
Retail outlook: Small is the next big thing
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Siam Makro PCL to invest Rs 250 crore in UP 21.2.2018 General News
Thailand-based retailing firm Siam Makro PCL, which has entered into cash and carry segment in the country under the brand name Lots Wholesale Solutions, today announced to invest Rs 250 crore in Uttar Pradesh. The company has signed a memorandum of understanding (MoU) with the Uttar Pradesh government at the ongoing UP Investors' Summit in Lucknow, said Lots Wholesale Solutions in a statement. It expects to generate 1,500-2,000 direct and indirect employment opportunities within the state of UP through their stores, it added. "This MoU paves the way for an extensive retail rollout by us which will provide multiple opportunities small and medium suppliers to grow their business as well as Kirana and HoReCa segment who will receive service par excellence," said Lots Wholesale Solutions MD Tanit Chearavanont. Lots Wholesale had last month announced its plan to launch 15 stores across North India in next three years, in which the first two stores to open in Delhi and Noida this year ...
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Flipkart investment: How Walmart hopes to hit two birds with one stone 20.2.2018 Top Stories
The company will not only take on Amazon but also get a partner to enter India's offline retail space
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With shops stocking cola brands, the fizz is back 7.2.2018 The Hindu - Tamil Nadu
Customer demand, logistical difficulties influence reversal of decision by traders post jallikattu
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Kirana stores adopt technology, discount schemes to take on big rivals 24.1.2018 Latest News
Local stores are still a major player in India as they constitute more than 90% of FMGC grocery sales
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Consumer product distributors seek simplified norms for GST 22.1.2018 Hindu: Home
Distributors of consumer goods and telecom products have sought simplified norms for complying with Goods and Services Tax (GST). CH. Krishna, president of Federation of All India Distributors Associ...
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AAP announces day-long bandh on Tuesday 22.1.2018 Hindu: Delhi
In protest against sealing drive, FDI in retail
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AAP announces 'Delhi bandh' on Jan 23 to protest sealing drive 21.1.2018 General News
The Aam Aadmi Party will hold a day-long bandh on January 23 in Delhi to protest against the ongoing sealing drive by the BJP-ruled civic bodies and the Centre's move to allow 100 per cent FDI in retail. Speaking to reporters after the party's Delhi State Conference, senior AAP leader Gopal Rai said the BJP-ruled civic bodies were trying to snatch employment opportunities from people in the name of sealing business establishments. "A large sum of money was collected under conversion and parking charges. The traders have neither received anything in return nor do they have any information about the money collected," Rai said, demanding that the centre stop levying these charges until the information is made public. "Our party cadres in all 70 constituencies will join traders unions to raise the voice against these issues on January 23," he said. The party also announced that its Lok Sabha and Rajya Sabha MPs along with other stakeholders will take part in a march to the ..
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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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