User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: All
Last updated: Aug 14 2018 19:47 IST RSS 2.0
 
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Flipkart shuts eBay India operations; to launch new site 14.8.2018 Sify Finance
Leading e-tailer Flipkart on Tuesday shut its eBay India operations, three months after US retail giant Walmart bought a 77 per cent stake in it for $16 billion.
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How Amazon plans to counter the mega Flipkart-Walmart deal 14.8.2018 Rediff: Business
Jeff Bezos, chief executive officer of Amazon, has committed to invest $5.5 billion into India and that figure is approaching quickly.
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Reliance JioPhone 2 flash sale on August 16 at 12PM: All you need to know 14.8.2018 DNA: Popular News
The JioPhone 2 will be available online via a flash sale on Jio.com, starting August 16, at 12PM. It is priced at Rs 2,999. Additionally, starting tomorrow, JioPhone customers will also be able to use Facebook, YouTube and Google Maps. WhatsApp will also be soon available on JioPhone devices. The company mentioned in a statement, “With the added functionalities, newly launched JioPhone 2 model and Jio’s wider network reach and strong retail presence across India, JioPhone is well on its way to enable 100 million users on this JioPhone platform in the shortest possible time.” In terms of specifications, the JioPhone 2 comes with a 2.40-inch display with a 240 X 320 pixels resolution and 512MB of RAM. The phone packs 4GB of internal storage that can be expanded up to 128GB via a microSD card. As far as the cameras are concerned, the Jio Phone 2 packs a 2-megapixel primary camera on the rear and a 0.3-megapixel front shooter for selfies. Connectivity options include Wi-Fi, Global Positioning System (GPS), ...
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Walmart-Flipkart deal: CCI says discounting practice 'already pre... 12.8.2018 DNA: Bangalore
Walmart-Flipkart deal: CCI says discounting practice 'already pre...
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Post CCI consent, Walmart shows confidence in the Indian market 9.8.2018 Sify Finance
[India], Aug 9 (ANI): Hailing the approval by the Competition Commission of India (CCI) in the proposed acquisition of e-commerce major Flipkart, American multinational retail corporation Walmart,
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Flipkart-Walmart deal gets CCI consent 9.8.2018 Sify Finance
The Competition Commission of India (CCI), the anti-trust regulator of the country, on Wednesday approved the proposed acquisition of e-commerce major Flipkart by American multinational retail
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CCI approves Flipkart-Walmart deal 8.8.2018 DNA: India
The Competition Commission of India (CCI), the anti-trust regulator of the country, on Wednesday approved the proposed acquisition of e-commerce major Flipkart by American multinational retail corporation Walmart. On Wednesday, the CCI sent out a tweet from its official Twitter handle, giving a stamp of approval for the deal to go through. Further details of the development are awaited. "CCI_India approves proposed acquisition of Flipkart Private Limited by Wal-Mart International Holdings, Inc," the tweet read. @CCI_India approves proposed acquisition of Flipkart Private Limited by Wal-Mart International Holdings, Inc — CCI (@CCI_India) August 8, 2018 Walmart International Holdings, Inc, the company based in Bentonville in the United States, had in May announced that it would pay approximately USD 16 billion for an initial stake of approximately 77 per cent in Flipkart. However, traders and shopkeepers had opposed the Flipkart-Walmart deal and urged the Centre to take substantial steps to withhold ...
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Digital lending set to become a $1 trillion business in India 8.8.2018 Rediff: Business
India's huge digital prowess and potential will play a huge role in enabling digital lending, says Romita Majumdar.
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What will the next generation of Indian leaders look like? 4.8.2018 Rediff: Columns
Will the next generation possess an even more internationalist outlook, and lose their Indian identities entirely?
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Jio, SBI collaborate to deepen digital partnership 3.8.2018 Central Chronicle
Mumbai, The post-operationalisation of Jio Payments Bank (a 70:30 JV between RIL and SBI) are deepening their partnership to bring the next generation bilateral frictionless experience with exclusive digital Banking, Payments and Commerce journeys for their customers. Jio and SBI are entering into a digital partnership, aimed to increase SBI’s digital customer base multi-fold, the RIL […]
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Jio, SBI collaborate to deepen digital partnership 2.8.2018 DNA: Recent Columns
A 70:30 joint venture between RIL and SBI post the functioning of Jio Payments Bank has started with the aim to increase SBI’s digital customer base multi-fold. SBI YONO is a revolutionary omni channel platform offering digital banking, commerce and financial superstore services to customers Jio and SBI are entering into a digital partnership aimed. YONO’s digital banking features and solutions will be enabled through the MyJio platform for a seamless, integrated and superior customer experience. Jio and SBI customers will benefit from Jio Prime, a consumer engagement and commerce platform from Reliance. Jio Prime will offer exclusive deals from Reliance Retail, Jio, partner brands and merchants. In addition, with an integration between SBI Rewardz (existing loyalty program from SBI) and Jio Prime, customers of SBI will be offered additional loyalty reward earning opportunities as well as broader redemption within Reliance, Jio and other online and physical partner ecosystems. SBI will be engaging Jio as ...
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7 Indian firms in Fortune 500 list 1.8.2018 Rediff: Business
Richest Indian Mukesh Ambani-led RIL was the top private sector company from the country as it jumped from 203rd rank last year to 148th.
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Walmart's plan to get online orders delivered by store employees fails... 30.7.2018 DNA: Bangalore
Walmart's plan to get online orders delivered by store employees fails...
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Penal Provision of Fema Covers Violation of FDI Policy Regulations 30.7.2018 Govt of india: PIB
FDI in retail has been allowed in a calibrated manner after intensive consultations with stakeholders including concerned Ministries and departments, State Governments, apex industry chambers, associations and other organizations.
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Move over telecom cos, Reliance to drop prices to compete against Walmart and Amazon 30.7.2018 Sify Finance
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Should you buy shares of AMCs or their MF schemes? 30.7.2018 DNA: Bangalore
Should you buy shares of AMCs or their MF schemes?
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KREO Design - creating delight through design 28.7.2018 Sify Finance
[India], July 28 (ANI-BusinessWireIndia): KREO Design and Innovation, a multi-disciplinary design firm with a user-centric approach that provides design solutions for companies and local business,
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DNA Mumbai Anniversary: Meet personalities who created their niche in Indian mutual fund industry 28.7.2018 DNA: Recent Columns
As DNA bloomed over the last 13 years, there has been a revolution of sorts in the financial savings of Indian households. This paradigm change has been spearheaded by the Indian mutual fund industry, which has added assets worth Rs 400 crore every day between 2005 and 2018. The industry has gone from strength to strength, creating an investor base of over Rs 7 crore, managing nearly Rs 23 lakh crore, and delivering returns that have consistently beaten other asset-classes.  The MF landscape is dotted with some personalities who have created their own niche. Vivek Reddy led the first private-sector mutual fund and talked about SIPs at a time when very few listened. A Balasubramanian drove Aditya Birla Sun Life Mutual Fund to great heights, underscored by his affable nature and sharp money-manager skills. As chairman of the markets regulator, Securities and Exchange Board of India (SEBI), C B Bhave gave the 'shock and awe' treatment to the fund industry when complacency was setting in. Ajit Dayal of ...
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Reliance net profit increases by 18% in Q1 27.7.2018 DNA: Urban Tales
 Reliance Industries today reported a record Rs 9,459 crore net profit in April-June on the back of near doubling of earnings from mainstay petrochemical business. Net profit of Rs 9,459 crore, or Rs 16 per share, in the first quarter of 2018-19 fiscal, was up 18% over Rs 8,021 crore, or Rs 13.5 a share, net profit in the same period a year ago, the company said in a statement. Revenue was up 56.5% at Rs 141,699 crore. The April-June 2017 profit has been taken after excluding Rs 1,087 crore exceptional income from sale of stake in Gulf Africa Petroleum Corp. Reliance said pre-tax profit from petrochemical business was up 94.9% to Rs 7,857 crore on better margins. Its Chairman and Managing Director Mukesh Ambani said: "Our petrochemicals business generated record EBITDA with strong volumes and an upswing in polyester chain margins. Refining business performance remained steady despite the seasonal weakness in cracks." While retail business revenues have more than doubled and EBITDA has trebled, telecom ...
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Three out of four BSE-500 stocks plunge in red as Sensex hits record 25.7.2018 DNA: Wide Angle
As Sensex hit another all-time high on Tuesday at 36902.06, three out of four BSE-500 stocks stayed at the other end of the spectrum, bleeding. While 130 stocks have swung into the positive territory in 2018 (year to date), the remaining 370 have left investors in the lurch with a negative growth during the seven-month period since January 1. Of these stocks, eight of them – including the former darlings of the market, Bajaj Auto, Hero Motocorp and Hindustan Zinc – hit a 52-week low on Tuesday. Clearly, the soaring indices are being driven by a few stocks as several investors, especially retail investors, continue to count big losses from their equity investments. "We are in a very different kind of scenario. In the last seven months, Nifty has touched the 11000 mark and then saw some correction and again rebounded. Despite rising crude price, rupee falling all-time low, 10-12 composites have contributed around 60-70% to both the equity indices. Companies like HDFC, Asian Paints, Reliance Industries and ...
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